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$975,000
6 Beds ⋅ 4 Baths ⋅ 4,300 SqFt. ⋅ 1346643 MLS ⋅ ACTIVE Status
Exceptional Little River Estate with Highway Frontage & Endless Possibilities Discover one of Townsend's most unique and versatile properties, offering the rare combination of frontage on both E. Lamar Alexander Parkway (Highway 321) and the pristine Little River. Nestled along one of the river's most peaceful stretches--away from the heavy tubing traffic--this property provides deep water, outstanding fishing, and a serene mountain setting just minutes from the entrance to the Great Smoky Mountains National Park. Currently zoned B-1 Commercial, this exceptional property offers tremendous flexibility for a variety of business ventures (subject to county regulations), overnight rental opportunities, investment potential, or continued use as a spacious private residence. The home features approximately 6 bedrooms, 3.5 bathrooms, a spacious open family room, a large main-level bonus room, and an oversized primary suite. Originally constructed in 1952, the residence was thoughtfully expanded around 2010, blending classic character with modern living space. A fully finished and heated basement, dual HVAC systems, and generous living areas provide ample room for family, guests, or future business conversion. Whether you're seeking a family estate, investment property, boutique commercial location, or riverfront retreat, this property offers unmatched potential in one of East Tennessee's most desirable destinations. Property Highlights: Frontage on both E. Lamar Alexander Parkway and the Little River Peaceful river setting with deep water and excellent fishing Located outside the heavily trafficked tubing areas B-1 Commercial Zoning allowing numerous business possibilities Excellent overnight rental or mixed-use potential 6 Bedrooms | 3.5 Bathrooms Large family room, bonus room, and spacious primary suite Heated and finished full basement Dual HVAC systems Original home built in 1952 with major addition completed around 2010 Conveniently located along the Townsend Bike Trail Minutes from the entrance to the Great Smoky Mountains National Park The home is being offered As-Is, presenting an outstanding opportunity for buyers to create their own vision while investing in one of Townsend's most distinctive riverfront properties. Properties with this combination of commercial zoning, river frontage, highway visibility, and proximity to the Great Smoky Mountains National Park rarely become available. Schedule your private showing today and experience the exceptional possibilities that await at 8229 E. Lamar Alexander Parkway.

8229 E Lamar Alexander Parkway Pkwy, Townsend
$1,299,000
7 Beds ⋅ 7 Baths ⋅ 4,000 SqFt. ⋅ 1337666 MLS ⋅ ACTIVE Status
No deferred maintenance or DIY project necessary on this completely renovated five bedroom five bath lodge that sleeps up to 16 and separate guest house with two bedrooms and a loft that sleeps 6, located 1500 feet from the Rich Mountain Rd exit out of Cades Cove and the trailheads for Ace Gap and Rich Mountain hiking trails. Situated on 7.22 acres of private woodland, this property offers spectacular mountain views, convenient seclusion, and the opportunity to build additional structures, already having underground electric and water in place. Both existing homes offer every desired amenity including theater, pool tables, hot tubs, fire rings, stainless steel appliances, new bedding, fully equipped kitchens, high end grills, new roofs, and main lodge offers an elevator and garage. This could be a family legacy property, offering the ability to live in one home, while renting or leasing the others, or maximize rental income on all and enjoy when not rented. This is a truly magical location that feels as though you are in Cades Cove, yet less than five minutes from Tuckaleechee Caverns, IGA Grocery Store, Vee Hollow Mountain Bike Trails, the Little River, shops and restaurants in the City of Townsend, and less than thirty minutes from Pigeon Forge, Knoxville Airport, Maryville, hospitals, and under 45 minutes from the University of Tennessee, Knoxville, and Gatlinburg.

985 Old Cades Cove Rd, Townsend
$1,000,000
7 Beds ⋅ 6 Baths ⋅ 3,688 SqFt. ⋅ 311237 MLS ⋅ ACTIVE Status
Rocky River Cabins features 7 bedrooms and 6 bathrooms, including 4 full baths and 2 half baths. The property consists of 4 cabins and an additional building in the back, representing an ideal investment opportunity in the pristine area of Townsend, TN. The current owners have skillfully remodeled the historic 1940s cabins. This 0.51-acre property includes 3 smaller cabins, each measuring 24 ft by 27 ft with 648 sq ft each, and one larger cabin measuring 24 ft by 30 ft for 720 sq ft, currently occupied by the owners. At the back, there's a renovated building measuring 16 ft by 64 ft, totaling 1,024 sq ft, bringing the entire space to 3,688 sq ft. The property has recently begun STR rentals for the three smaller cabins and guests are leaving 5 star reviews. It features shared outdoor amenities such as a covered patio, outdoor seating, a dining area, and a gas grill. Each unit is equipped with amenities like a Smart TV, sitting area, kitchenette, refrigerator, microwave, toaster, and cooking essentials, alongside central heating and air conditioning. The possibilities are endless. Its prime location near the Great Smoky Mountains National Park offers access to dining, entertainment, fishing, tubing, horseback riding, and more. This property is one you don't want to miss. Contact us today to schedule a viewing.

8113 W Old Highway 73, Townsend
$2,945,000
20 Beds ⋅ 20 Baths ⋅ 13,121 SqFt. ⋅ 310900 MLS ⋅ ACTIVE Status
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. 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!

460 Boat Gunnel Road, Townsend

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .