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Land with Home for Sale in Townsend, Tennessee

460 Boat Gunnel Rd, Townsend, TN 37882

$2,945,000
20.9 acres
Active sale
$50k drop
Est $16,068/mo

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. $222K already on the books for 2026!! Trending above 2025 revenue!! 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.

13,121
Sq feet
20
Beds
19
Full baths
1
1/2 bath
1980
Built

Location

Street address
460 Boat Gunnel Rd
Zip code
37882
Elevation
1,489 feet
Coordinates
35.6637, -83.7637

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

Property details

Acreage
20.86 acres
MLS #
REALTRACS 3304425
Posted

Property taxes

Recent
$12,254

Parcels

  • 107 03100 000

Details and features

Listing

Type
Residential

Income

Gross Income
$316, 690

Lot

Size Source
Assessor
View
Mountain(s)

Structure

Stories
1
Water
Well
Sewer
Septic Tank

Interior

Fireplace Count
5
Fireplaces
Electric

Property utilities

CategoryTypeStatus
SewageSeptic SystemConnected
WaterPrivate WellConnected

Listing history

DateEventPriceChangeSource
May 12, 2026Price drop$2,945,000$50,000 -1.7%GSMAR
Mar 24, 2026New listing$2,995,000GSMAR
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This 20.86-acre property is located at 460 Boat Gunnel Rd in Townsend, TN 37882. The property is available for sale, priced at $2,945,000. It has a 13,121 square foot 20-bedroom, 19.5-bath house built in 1980.

Checked 1 hour agoUpdated

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Realtracs

Based on information submitted to the MLS GRID as of Aug 21, 2026 3:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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