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$2,300,000

4137 Watson Court 2 & 3, Pigeon Forge, TN 37863
Pigeon Forge, TN 37863
Listed by Jake Morris · LPT Realty, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2003

About this home

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.

Property details

MLS #
1345497
Property type
Residential Income
Subdivision
Mill Creek Springs
Status
Active
Days on market
60
On market date
June 22, 2026
Stories
N/A
Garage spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Pigeon Forge Intermediate
3.16 mi away · Grades 3-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
414
Student:teacher ratio
15.3:1
District
Sevier County
Middle
Pigeon Forge Junior High School
2.99 mi away · Grades 7-9
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
11.0:1
District
Sevier County
High
Pigeon Forge High School
3.15 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
430
Student:teacher ratio
10.2:1
District
Sevier County

Mortgage calculator

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Est. monthly payment
$14,001/mo
$460,000 down
$1,840,000 loan
Principal & interest$11,934
Property tax (est.)$1,917
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated July 8, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.