460 Boat Gunnel Road, Townsend, TN 37882
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460 Boat Gunnel Road,Townsend, TN 37882
$2,995,000
- 20 Beds
- 20 Baths
- 13,121 sq. ft.
- Multi-family
- Active
Listed by: kaitlin glenn
Office: exp realty, llc. 7720
MLS#:310900
Source:TN_GSMAR
Price summary
- Price:$2,995,000
- Price per sq. ft.:$228.26
About this home
Located in the heart of the Great Smoky Mountains in Townsend, fondly known as the ''Peaceful Side of the Smokies'' this exceptional 20.86 acre resort presents a rare opportunity to own a proven, high performing short term rental portfolio in one of East Tennessee's most desirable destinations.
Perched at approximately 1,500 feet in elevation, the property offers sweeping, panoramic mountain views and an unmatched sense of privacy and tranquility. Thoughtfully developed and meticulously maintained, the resort has quickly established itself as a top-tier income producing asset with a strong and consistent financial track record.
The numbers speak for themselves. Generating over $270,000 in its inaugural year (2022), increasing to $287,000 the following year, and reaching an impressive $363,000 in 2024, with $317,000 recorded in 2025. This growth underscores both the strength of the location and the property's operational success.
The resort features a total of 8 fully furnished, turnkey cabins, including 5 traditional cabins and 3 treehouse style cabins. Each unit is designed to deliver a premium guest experience, complete with hot tubs, arcade games and fire pits.
Guests are immersed in nature with private hiking trails that wind throughout the property, creating a true mountain retreat experience while still being just minutes from top area attractions. Located only 2 minutes from Townsend's popular bike greenway and river tubing access, and a short drive to Cades Cove, Gatlinburg, Pigeon Forge, and Sevierville, the location offers the perfect balance of seclusion and accessibility.
Originally undeveloped for nearly 15 years, the current owner has transformed this property into a thriving STR business with no restrictions, offering flexibility for self-management or the option to partner with a professional management company.
For investors looking to value add:
significant upside potential!
The planned 9th unit, ''360 Lodge,'' has huge potential for STR revenue once completed.
An existing pavilion (with separate septic and well) offers conversion potential into a 1-2 bedroom rental.
A small barn presents a unique opportunity for an event venue.
With multiple avenues for expansion and revenue growth, this property is not just a turnkey investment, it's a scalable business with substantial future upside.
This is a rare chance to acquire a Smoky Mountain resort combining natural beauty, location, and proven income performance.
An investment opportunity that truly stands apart!...
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Home facts
- Year built:1980
- Listing ID #:310900
Rooms and interior
- Bedrooms:20
- Total bathrooms:20
- Full bathrooms:19
- Half bathrooms:1
- Rooms Total:1
- Living area:13,121 sq. ft.
Structure and exterior
- Year built:1980
- Building area:13,121 sq. ft.
- Lot area:20.86 Acres
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$228.26
- Tax amount:$12,253 (2025)
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