460 Boat Gunnel Rd, Townsend, TN, 37882
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1980
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 20
- Bathrooms: 20
- Full bathrooms: 19
- 1/2 bathrooms: 1
Features
- Number of fireplaces: 5
- Fireplace features: Electric
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 13,121
Interior Area
- Total structure area: 13,121
- Total interior livable area: 13,121 sqft
Property
Details
- Parcel number: 107 03100 000
- Zoning: R-1
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 20.86 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Landslide
- Lightning
- Inland Flooding
- Strong Wind
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,891 | $178,692 |
| Home Insurance | $1,110 | $13,320 |
| Property Taxes | $3,846 | $46,152 |
| Electricity | $1,066 | $12,793 |
| Total | $20,913 | $250,956 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $2,945,000 |
| 2026-03-24 | Listed for sale | $2,995,000 |
| 2024-08-01 | Listing removed | -- |
| 2024-01-09 | Listed for sale | $3,495,000 |
| 2023-10-29 | Listing removed | -- |
| 2023-08-24 | Price change | $3,750,000 |
| 2023-05-26 | Price change | $3,900,000 |
| 2023-04-27 | Listed for sale | $4,100,000 |
| 2021-10-18 | Sold | $1,499,000 |
| 2021-03-24 | Listing removed | -- |
| 2014-04-25 | Sold | $549,757 |
| 2014-03-02 | Price change | $725,000 |
| 2013-12-22 | Price change | $799,000 |
| 2013-11-28 | Price change | $899,000 |
| 2013-11-12 | Price change | $998,000 |
| 2013-11-04 | Price change | $999,000 |
| 2013-08-20 | Price change | $1,100,000 |
| 2012-12-27 | Price change | $1,175,000 |
| 2012-11-22 | Price change | $1,350,000 |
| 2012-08-24 | Listed for sale | $1,499,000 |
| 2011-01-27 | Listing removed | $1,950,000 |
| 2010-03-29 | Listed for sale | $1,950,000 |
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