460 Boat Gunnel Road, Townsend, TN 37882 (MLS# 310900)

460 Boat Gunnel Road, Townsend, TN 37882

$2,995,000
Property Type: Residential Bedrooms: 20 Baths: 20 Square Footage: 13,121 Lot Size (sq. ft.): 908,662 Status: Active
Current Price: $2,995,000 List Date: 3/24/2026 Last Modified: 3/24/2026

Overview

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 ...

Listing Details MLS# 310900

General Property Information

Stories Total
Yes
Lot Size Acres
20.86
Lot Size Source
Public Records
Living Area
13121
Above Grade Finished Area
13121
Bedrooms Total
20
Bathrooms Total
20
Bathrooms Full
19
Bathrooms Half
Yes
Garage YN
No
Fireplace YN
Yes
Year Built
1980
Bonus Room YN
No
Furnished
Furnished
Planned Unit Development (PUD)
No
View YN
Yes
Waterfront YN
No
List Price/SqFt
228.26
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Fireplace Features: Electric Sewer: Septic Tank View: Mountain(s) Water Source: Well Room Types: Primary Bedroom

Location Tax and Legal

Street Number
460
Street Name
Boat Gunnel
Street Suffix
Road
County
Blount
State
TN
Zip Code
37882
Property Sub Type
Multi Family
MLS Area Major
Blount
Subdivision Name
Other

Contract Information

Original List Price
2995000
Sold Before Listed
No
Listing Contract Date
2026-03-24
Auction YN
No
Owner Name
D & L Investments
Listing Agreement
Exclusive Agency
Occupancy
Either
Rental History Gross Amount 1
360213
Rental History Year 1
2024
Rental History Gross Amount 2
316690
Rental History Year 2
2025
Association YN
No

Remarks and Miscellaneous

Public Remarks
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!
Directions
From Maryville: Turn left onto US-321 N/E Lamar Alexander Pkwy. Turn right onto Old Tuckaleechee Rd. Turn left onto Boat Gunnel Rd

Status Change Information

Major Change Timestamp
2026-03-24T21:48:31Z
Major Change Type
New Listing
Status Change Timestamp
2026-03-24

More Information

Fireplace Features

Fireplaces Total
5
Electric
Yes

Location, Tax, and Legal

Zip +4
3910
New Construction YN
No
Restrictive Covenants YN
No
Zoning
R-1
Zoning Entity
Blount
Parcel Number
107 03100 000
Tax Lot
15
Tax Annual Amount
12253.81
Tax Year
2025

Sewer

Septic Tank
Yes

View

Mountain(s)
Yes

Water Source

Well
Yes

Room Types

Primary Bedroom
Yes

Room Information

Room Name
Primary Bedroom

Documents

Listing Office: eXp Realty, LLC 7720
Last Updated: March - 24 - 2026
Information deemed reliable but not guaranteed.
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