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For sale
  • $2,995,000

    460 Boat Gunnel Rd, Townsend, TN 37882

    20beds
    13,121sqft
    : 
    Multi Family, Residential
    Built in 1980
    -- sqft lot
    $-- Zestimate®
    $228/sqft
    $-- HOA

    What's special

    Small barnSweeping panoramic mountain viewsArcade gamesHot tubsFire pits
    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!
    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#: 310900MLS Logo

    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

        DateEventPrice
        3/24/2026Listed for sale$2,995,000-14.3%$228/sqft
        Source: eXp Realty #310900 Report a problem
        8/1/2024Listing removed--
        Source: GSMAR, GSMMLS #267860 Report a problem
        1/9/2024Listed for sale$3,495,000-6.8%$266/sqft
        Source: GSMAR, GSMMLS #267860 Report a problem
        10/29/2023Listing removed--
        Source: GSMAR, GSMMLS #257013 Report a problem
        8/24/2023Price change$3,750,000-3.8%$286/sqft
        Source: GSMAR, GSMMLS #257013 Report a problem
        5/26/2023Price change$3,900,000-4.9%$297/sqft
        Source: GSMAR, GSMMLS #257013 Report a problem
        4/27/2023Listed for sale$4,100,000+173.5%$312/sqft
        Source: GSMAR, GSMMLS #256985 Report a problem
        10/18/2021Sold$1,499,000+172.7%$114/sqft
        Source: Public Record Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/25/2014Sold$549,757-24.2%$42/sqft
        Source: Public Record Report a problem
        3/2/2014Price change$725,000-9.3%$55/sqft
        Source: Owner Report a problem
        12/22/2013Price change$799,000-11.1%$61/sqft
        Source: Owner Report a problem
        11/28/2013Price change$899,000-9.9%$69/sqft
        Source: Owner Report a problem
        11/12/2013Price change$998,000-0.1%$76/sqft
        Source: Owner Report a problem
        11/4/2013Price change$999,000-9.2%$76/sqft
        Source: Owner Report a problem
        8/20/2013Price change$1,100,000-6.4%$84/sqft
        Source: Owner Report a problem
        12/27/2012Price change$1,175,000-13%$90/sqft
        Source: Owner Report a problem
        11/22/2012Price change$1,350,000-9.9%$103/sqft
        Source: Owner Report a problem
        8/24/2012Listed for sale$1,499,000-23.1%$114/sqft
        Source: Owner Report a problem
        1/27/2011Listing removed$1,950,000$149/sqft
        Source: BuySelf Realty, Inc. #697633 Report a problem
        3/29/2010Listed for sale$1,950,000$149/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax 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
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          Neighborhood: 37882

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