460 Boat Gunnel RD Townsend, TN 37882
20 Beds
20 Baths
13,121 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,121 sqft
Price per Sqft $224
MLS Listing ID 310900
Bedrooms 20
Full Baths 19
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 13,121
Year Built 1980
Annual Tax Amount $12,253
Tax Year 2025
Lot Size 20.860 Acres
Acres 20.86
Property Sub-Type Multi Family
Source Great Smoky Mountains Association of REALTORS®
Land Area 13121
Property Description
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.
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!
Location
State TN
County Blount
Zoning R-1
Direction From Maryville: Turn left onto US-321 N/E Lamar Alexander Pkwy. Turn right onto Old Tuckaleechee Rd. Turn left onto Boat Gunnel Rd
Interior
Fireplaces Number 5
Fireplaces Type Electric
Furnishings Furnished
Fireplace Yes
Exterior
View Y/N Yes
View Mountain(s)
Garage No
Building
Story 1
Sewer Septic Tank
Water Well
New Construction No
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