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!
For sale
$2,995,000
460 Boat Gunnel Rd, Townsend, TN 37882
20beds
13,121sqft
Est.:
Multi Family, Residential
Built in 1980
-- sqft lot
$-- Zestimate®
$228/sqft
$-- HOA
What's special
Small barnSweeping panoramic mountain viewsArcade gamesHot tubsFire pits
- 34 days |
- 1,040 |
- 86 |
Zillow last checked:
Listing updated:
Listed by:
Kaitlin Glenn 609-816-7520,
eXp Realty, LLC 7720 888-519-5113
Source: GSMAR, GSMMLS,MLS#: 310900
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 20
- Full bathrooms: 19
- 1/2 bathrooms: 1
Features
- Number of fireplaces: 5
- Fireplace features: Electric
- Furnished: Yes
Interior area
- Total structure area: 13,121
- Total interior livable area: 13,121 sqft
- Finished area above ground: 13,121
- Finished area below ground: 0
Property
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 20.86 Acres
Details
- Parcel number: 107 03100 000
- Zoning: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Townsend
Financial & listing details
- Price per square foot: $228/sqft
- Tax assessed value: $1,926,700
- Annual tax amount: $12,253
- Date on market: 3/24/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Listed for sale | $2,995,000-14.3%$228/sqft |
Source: eXp Realty #310900 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: | ||
| 1/9/2024 | Listed for sale | $3,495,000-6.8%$266/sqft |
Source: | ||
| 10/29/2023 | Listing removed | -- |
Source: | ||
| 8/24/2023 | Price change | $3,750,000-3.8%$286/sqft |
Source: | ||
| 5/26/2023 | Price change | $3,900,000-4.9%$297/sqft |
Source: | ||
| 4/27/2023 | Listed for sale | $4,100,000+173.5%$312/sqft |
Source: | ||
| 10/18/2021 | Sold | $1,499,000+172.7%$114/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/25/2014 | Sold | $549,757-24.2%$42/sqft |
Source: Public Record Report a problem | ||
| 3/2/2014 | Price change | $725,000-9.3%$55/sqft |
Source: Owner Report a problem | ||
| 12/22/2013 | Price change | $799,000-11.1%$61/sqft |
Source: Owner Report a problem | ||
| 11/28/2013 | Price change | $899,000-9.9%$69/sqft |
Source: Owner Report a problem | ||
| 11/12/2013 | Price change | $998,000-0.1%$76/sqft |
Source: Owner Report a problem | ||
| 11/4/2013 | Price change | $999,000-9.2%$76/sqft |
Source: Owner Report a problem | ||
| 8/20/2013 | Price change | $1,100,000-6.4%$84/sqft |
Source: Owner Report a problem | ||
| 12/27/2012 | Price change | $1,175,000-13%$90/sqft |
Source: Owner Report a problem | ||
| 11/22/2012 | Price change | $1,350,000-9.9%$103/sqft |
Source: Owner Report a problem | ||
| 8/24/2012 | Listed for sale | $1,499,000-23.1%$114/sqft |
Source: Owner Report a problem | ||
| 1/27/2011 | Listing removed | $1,950,000$149/sqft |
Source: BuySelf Realty, Inc. #697633 Report a problem | ||
| 3/29/2010 | Listed for sale | $1,950,000$149/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,254 | $770,680 |
| 2024 | $12,254 | $770,680 |
| 2023 | $12,254 -4.8% | $770,680 +47.8% |
| 2022 | $12,877 +181.3% | $521,320 +181.3% |
| 2021 | $4,577 | $185,300 |
| 2020 | $4,577 | $185,300 |
| 2019 | $4,577 +40.3% | $185,300 +40.3% |
| 2018 | $3,263 +2% | $132,100 |
| 2017 | $3,198 | $132,100 |
| 2016 | $3,198 +352.3% | $132,100 |
| 2015 | $707 | $132,100 -52.2% |
| 2014 | -- | $276,525 -6% |
| 2013 | $6,322 | $294,025 |
| 2012 | $6,322 | $294,025 0% |
| 2009 | -- | $294,030 +5.9% |
| 2007 | $6,193 +48.8% | $277,692 +43.5% |
| 2004 | $4,161 | $193,535 |
Find assessor info on the county website
Monthly payment
Est. payment
$16,518/mo
Principal & interest
$15445
Property taxes
$1073
More affordability tools
Climate risks
Neighborhood: 37882
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 5/10Townsend Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Heritage Middle SchoolGrades: 6-8Distance: 8.8 mi
- 7/10Heritage High SchoolGrades: 9-12Distance: 8.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Blount County
- Townsend
- 37882
- 460 Boat Gunnel Rd