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460 Boat Gunnel Road

Townsend, TN 37882
  • $3,495,000
  • STATUS: Active
  • ON SITE: 100 Days
  • ID#: 267860
$3,495,000
  • 20
    BEDS
  • 20.86
    ACRES
  • 18
    BATHS
  • 1
    1/2 BATHS
  • 13,121
    SQFT
  • $266
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2002
County:

School Ratings & Info

Listing courtesy of eXp Realty, LLC Nashville.


Description

Nestled within the enchanting embrace of the Great Smoky Mountains; Townsend, the Peaceful Side of the Smokies. This exclusive resort offers a haven of tranquility spanning a vast expanse of 20.86 acres. With altitudes at 1,500 feet, guests are treated to truly majestic views that unfold across the breathtaking landscape. Boasting a financially successful track record, this property has quickly become a highly lucrative investment, primarily through its thriving short-term rental (STR) business. The resort's impressive rental income figures tell a compelling storygenerating over $270,000 in its inaugural year of operation in 2022 and surpassing that with a fully booked second year in 2023, with earnings reaching $287,000. Projections for 2024 indicate a continued upward trajectory. Resort features a total of 8 cabins, including 5 traditional cabins and 3 treehouse cabins, each authentically and fully turnkey furnished. With a total of 56 sleeping accommodations comprising 15 bedrooms and 15.5 bathrooms, every cabin is meticulously maintained and lavishly equipped to ensure a comfortable and unforgettable experience for guests. Beyond the luxurious accommodations, guests can immerse themselves in the serenity of hiking trails that meander through the expansive property to connect with nature. Originally vacant for nearly 15 years, the current owner has quickly transformed this property into a flourishing STR business with no restrictions or limitations. You have flexibility to self-manage the property and set personalized rates or opt for a preferred property management company to oversee operations. Strategically positioned just 2 minutes away from Townsend's bike greenway and river-tubing hub, the resort enjoys a centralized location within proximity to esteemed attractions, including Cades Cove, Gatlinburg, Pigeon Forge, and Sevierville. Extensive updates, such as the installation of arcade games, hot tubs, plumbing infrastructure, HVAC units, and fire pits, have been thoughtfully completed across all 8 cabins. While the existing 8 cabins are flourishing, there's untapped potential for revenue growth on the property. The 360 Lodge, the 9th cabin, holds potential annual revenues ranging from $185,000 to $225,000. Additionally, a pavilion with its separate septic system and water well offers the potential to be converted into a 1-2 bedroom rental, yielding expected revenues of $35,000 to $55,000. A small barn also holds promise as a remarkable event venue, estimated to generate revenues of $120,000. Prospective buyers are encouraged to coordinate with the listing agent or be represented by a real estate agent before visiting the property, given its consistently booked status. This represents an extraordinary opportunity to own a slice of Great Smoky Mountain paradise, complete with a thriving STR business and boundless potential for growth and expansion.

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Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2024-04-18T19:23:30.503.
www.smokylistings.com/homes/146506025
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460 Boat Gunnel Road Townsend, TN 37882

  • Price: $3,495,000
  • Status: Active
  • On Site: 100 Days
  • ID#: 267860
20
Beds
18
Baths
1
½ Baths
20.86
Acres
13,121
SQFT
$266
$/SQFT
2002
Built
Neighborhood:
Other
County:
Blount
Area:
Townsend/Walland
Property Description
Nestled within the enchanting embrace of the Great Smoky Mountains; Townsend, the Peaceful Side of the Smokies. This exclusive resort offers a haven of tranquility spanning a vast expanse of 20.86 acres. With altitudes at 1,500 feet, guests are treated to truly majestic views that unfold across the breathtaking landscape. Boasting a financially successful track record, this property has quickly become a highly lucrative investment, primarily through its thriving short-term rental (STR) business. The resort's impressive rental income figures tell a compelling storygenerating over $270,000 in its inaugural year of operation in 2022 and surpassing that with a fully booked second year in 2023, with earnings reaching $287,000. Projections for 2024 indicate a continued upward trajectory. Resort features a total of 8 cabins, including 5 traditional cabins and 3 treehouse cabins, each authentically and fully turnkey furnished. With a total of 56 sleeping accommodations comprising 15 bedrooms and 15.5 bathrooms, every cabin is meticulously maintained and lavishly equipped to ensure a comfortable and unforgettable experience for guests. Beyond the luxurious accommodations, guests can immerse themselves in the serenity of hiking trails that meander through the expansive property to connect with nature. Originally vacant for nearly 15 years, the current owner has quickly transformed this property into a flourishing STR business with no restrictions or limitations. You have flexibility to self-manage the property and set personalized rates or opt for a preferred property management company to oversee operations. Strategically positioned just 2 minutes away from Townsend's bike greenway and river-tubing hub, the resort enjoys a centralized location within proximity to esteemed attractions, including Cades Cove, Gatlinburg, Pigeon Forge, and Sevierville. Extensive updates, such as the installation of arcade games, hot tubs, plumbing infrastructure, HVAC units, and fire pits, have been thoughtfully completed across all 8 cabins. While the existing 8 cabins are flourishing, there's untapped potential for revenue growth on the property. The 360 Lodge, the 9th cabin, holds potential annual revenues ranging from $185,000 to $225,000. Additionally, a pavilion with its separate septic system and water well offers the potential to be converted into a 1-2 bedroom rental, yielding expected revenues of $35,000 to $55,000. A small barn also holds promise as a remarkable event venue, estimated to generate revenues of $120,000. Prospective buyers are encouraged to coordinate with the listing agent or be represented by a real estate agent before visiting the property, given its consistently booked status. This represents an extraordinary opportunity to own a slice of Great Smoky Mountain paradise, complete with a thriving STR business and boundless potential for growth and expansion.
Exterior Features

Construction Materials Log Garage YN No Road Frontage Type Easement

Interior Features

Cooling Central AirWall Unit(s) Cooling YN Yes Fireplace Features Gas Log Fireplace YN Yes Heating Electric Heating YN Yes

Property Features

Association YN No Home Warranty YN No Listing Terms 1031 ExchangeCashConventional Occupancy Either Possession Close Of Escrow Property Sub Type Multi Family Rental History Yes Restrictive Covenants YN No Sewer Septic Tank Tax Annual Amount 12876.6 Tax Year 2022 Water Source WellOther Zoning Entity Blount County

Copyright 2024 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of eXp Realty, LLC Nashville | Office Phone: 888-519-5113 .

Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2024-04-18T19:23:30.503.
 
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Colonial Real Estate
1380 Dolly Parton Parkway
Sevierville TN, 37862
Listing courtesy of eXp Realty, LLC Nashville.