460 Boat Gunnel Road Townsend, TN $ 2,995,000
460 Boat Gunnel Road
$ 2,995,000
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460 Boat Gunnel Road

Townsend, TN, 37882
$ 2,995,000
Bedrooms20 Baths19.1 Sq 13,121

Monthly Estimate*

$ 18,441

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Multi-Family Home for sale in Townsend, TN

for $2,995,000 with 20 bedrooms and 19 full baths, 1 half bath. This 13,121 square foot home was built in 1980 on a lot size of 20.86.

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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Multi-Family Active

Price

$ 2,995,000

Bedrooms

20

Full Bath

19

Half Bath

1

Property Type

Multi-Family

Taxes

$ 12,253

Style

Lot Size

20.86

Year Built

1980

Town/City

Townsend

County/Region

Blount

MLS | Web ID

310900

Features
General
Sewer Septic Tank
Zoning R-1
Garage Spaces 0
Year Built 1980
View Mountain(s)
Property Subtype Multi Family
Tax Year 2025
County Blount
New Construction false
Property Type Residential
HOA false
Subdivision Name Other
Garage Y/N false
Total Rooms 1
Full Baths 19
Status Active
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
City Townsend
MLS Area Blount
Lot Size Units Acres
Lot Size Square Feet 908661.6
Tax Annual Amount 12253.81
MLS Area Minor Blount
Standard Status Active
Tax Lot 15
Occupancy Either
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Interior
Furnished Y/N Furnished
Total Fireplaces 5
Fireplace Features Electric
Total Stories 1
Fireplace Y/N true
Above Grade Finished Area 13121
Half Baths 1
Total Bedrooms 20
Below Grade Finished Area 0
Total Baths 20
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Exterior
Water Source Well
Lot Size Area 20.86
Building Area Total 13121
Lot Size Acres 20.86
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Exp Realty, Llc 7720

Broker

865kait@gmail.com

Email

Affordability Calculator

$19,462
Per Month
95%
5%
0%
Monthly Principal & Interest
$18,441
Monthly Property Taxes
$1,021
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$2,995,000 Listed Price

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460 Boat Gunnel Road, Townsend, TN, 37882 is a Multi-Family Home for sale at $2,995,000 with 13,121 sqft and a lot size of 20.86. 460 Boat Gunnel Road has 20 bedrooms, 19.1 baths, and was built in 1980. The property's zip code is 37882 which is in Townsend, TN