4137 Watson Court 2 & 3, Pigeon Forge, TN 37863

New

$2,300,000

Property Type: Multi-Family Square Footage: 2,179 Status: Active

Current Price: $2,300,000 List Date: 6/22/2026 Last Modified: 6/22/2026

Overview

Description

INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO 4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations. The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin o ... (Read more) INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO 4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations. The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin offering a game room, fire pit, hot tub, and seasonal Dollywood fireworks views; and Loveland Hideaway Unit 2, a secluded 1-bedroom retreat featuring vaulted ceilings, a stone fireplace, private hot tub, fire pit, and peaceful wooded surroundings. An additional income advantage exists as Tennorado Retreat and Loveland Hideaway are situated on the same parcel, allowing them to be marketed together as a fifth rental option accommodating larger groups. The portfolio has generated 662 verified guest reviews and maintains a 4.88-star average rating, demonstrating a proven history of guest satisfaction and rental performance. All furnishings and future bookings convey with the sale, providing a turnkey investment opportunity with immediate income potential. Opportunities with documented income, extensive review history, and multiple revenue streams rarely become available in the Smoky Mountain market. With over 14 million annual visitors to the Great Smoky Mountains, investors benefit from strong year-round tourism demand in one of the nation's most established vacation rental destinations. Detailed financials, booking history, Airbnb listing links, performance reports, and property-specific revenue breakdowns are available to qualified buyers upon request.

Listing Details MLS# 1345497

Location Tax Legal Info

House #: 4137
Street Name: Watson
St Suffix: Court
State/Province: TN
Zip Code: 37863
PIN #: 105 108.01
Subdivision: Mill Creek Springs

Contract Info

Auction Y/N: No
Listing Price: 2300000

General Property Description

SqFt - Total (Aprox): 2179
Lot Dimensions: 108,028
Number of Units: 4
Utilities/Mo Avg: 1689.73
Year Built: 2003
Property Status: N/A
Driveway: Yes

Status Change Info

Status Change Date: 2026-06-22

IncomeExpenses

Net Operating Income: 216759.21

Location, Tax & Legal Info

Unit #: 2 & 3
Area: Sevier County - 27
City/County Code: County
Total Tax: 2444.37

More Information

Remarks & Misc

Directions: All properties are GPS Friendly! 4137 Watson: From Pigeon Forge go to Traffic Light # 10 turn right on Conner Heights Rd. Drive approx. 1.50 miles make a right on Watson Court, drive to 3rd driveway on the right (Follow wooden directional signs for Mountaintop Mill and Beary Bungalow) follow the road, keep going straight till the road ends, you will see both cabins. Plenty of parking space.
Public Remarks: INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO 4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations. The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin offering a game room, fire pit, hot tub, and seasonal Dollywood fireworks views; and Loveland Hideaway Unit 2, a secluded 1-bedroom retreat featuring vaulted ceilings, a stone fireplace, private hot tub, fire pit, and peaceful wooded surroundings. An additional income advantage exists as Tennorado Retreat and Loveland Hideaway are situated on the same parcel, allowing them to be marketed together as a fifth rental option accommodating larger groups. The portfolio has generated 662 verified guest reviews and maintains a 4.88-star average rating, demonstrating a proven history of guest satisfaction and rental performance. All furnishings and future bookings convey with the sale, providing a turnkey investment opportunity with immediate income potential. Opportunities with documented income, extensive review history, and multiple revenue streams rarely become available in the Smoky Mountain market. With over 14 million annual visitors to the Great Smoky Mountains, investors benefit from strong year-round tourism demand in one of the nation's most established vacation rental destinations. Detailed financials, booking history, Airbnb listing links, performance reports, and property-specific revenue breakdowns are available to qualified buyers upon request.

Income/Expenses

Gross Annual Income: 237035
Annual Oper Expenses: 20276.76

Property Sub-Type

Other: Yes

Construction

Frame: Yes

Type of Units

Furnished: Yes

Siding

Log: Yes
Other: Yes

Sale Includes

All Furnishings: Yes
Building and Land: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Hardwood: Yes

Garage/Parking

Off-Street Parking: Yes

Fuel

Electric: Yes
Propane: Yes

Heat

Heat Pump: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Other Rooms

Addl Living Quarter: Yes

Roof

Metal: Yes

Exterior Features

Deck: Yes
Porch - Covered: Yes

Misc Features

Cathedral Ceiling(s): Yes
Hot Tub: Yes
Internet Available: Yes
Walk-in Shower: Yes
Washer/Dryer Connect: Yes
Whirlpool Tub: Yes

New Financing

Cash: Yes
Conventional: Yes
Exchange: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Other Type of Units: Furnished Sale Includes: All Furnishings; Building and Land Floors: Hardwood Fuel: Electric; Propane Heat: Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Construction: Frame Roof: Metal Siding: Log; Other Exterior Features: Deck; Porch - Covered Misc Features: Cathedral Ceiling(s); Hot Tub; Internet Available; Walk-in Shower; Washer/Dryer Connect; Whirlpool Tub Other Rooms: Addl Living Quarter New Financing: Cash; Conventional; Exchange Showing: See Agent Instructns

IDX

Listing Office: LPT Realty, LLC

Last Updated: June - 22 - 2026

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