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About This Home

This 20-bedroom, 20-bathroom residential multi family at 460 Boat Gunnel Road in Townsend, TN is listed for $2,995,000 ($228 per sqft). Built in 1980, the home offers 13,121 sqft of living space on a 20.86 acres lot.

Agent Description

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 busi

ness 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!

Key Features

  • Built in 1980
  • 20.86 acre lot
  • Fireplace

Property Details

1 story
19 full, 1 half
1980

Amenities

Fireplace

Monthly Cost Estimate

$16,018/mo

20% down · 6.5% · 30 years

Principal$2,166
Interest$12,978
Insurance$874

Estimates only. Actual payments may vary.

Location

460 Boat Gunnel Road

Townsend, TN 37882

Questions & Answers

This 20-bedroom, 20-bathroom residential multi family at 460 Boat Gunnel Road is listed at $2,995,000 ($228/sqft). The estimated monthly payment is $12,978 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 20.86 acre lot, Fireplace.

This property is listed by Kaitlin Glenn and can be reached at 6098167520 or 865kait@gmail.com.

KG

Kaitlin Glenn

Agent at eXp Realty, LLC 7720

(609) 816-7520

Listed by eXp Realty, LLC 7720

MLS# 310900· Source: listhub· Updated 17 days ago

Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

460 Boat Gunnel Road, Townsend, TN 37882

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