123 Cutter Gap Rd
About This Property
Purchased by the current owner as a second home, the property underwent a full renovation featuring high-end finishes and thoughtful design throughout. Every space brings together comfort, style, and the warm character that makes a mountain getaway feel special.
Exposed brick fireplaces on both the upper and lower levels create cozy gathering spaces and add timeless charm. A bedroom and full bathroom on each floor provide privacy and separation, making the two-level layout especially appealing for families, friends, and rental guests. With the addition of sleeper sofas, the home comfortably accommodates up to eight guests.
Offered fully furnished, with only a few personal decor items excluded, this property makes getting settled easy. Whether you're planning your next mountain weekend or preparing to welcome rental guests, the furnishings are already in place.
The location adds even more appeal. Situated in one of the few areas of Townsend that permits short-term rentals, the home is just minutes from scenic hiking trails, the Little River, local restaurants, and shops, with easy access to Great Smoky Mountains National Park.
Beautifully updated, full of character, and ready to enjoy, this Townsend retreat brings together peaceful mountain living and short-term rental potential. Come see where your next chapter in the Smokies could begin!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2026 | Listed by Keller Williams | $565,000 | |
| Listed by Keller Williams | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 16, 2026 | Listed by Keller Williams | $599,900 | |
| Listed by Keller Williams | |||
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Welcome to your perfect mountain getaway in the heart of Townsend, also known as the ''Peaceful Side of the Smokies.'' This beautifully renovated property offers the ideal blend of personal retreat and short-term rental investment.
Originally purchased as a second home, the current owner completed a full renovation with no detail overlooked, incorporating high-end finishes and thoughtful design throughout the property. The result is a warm, inviting space that feels both elevated and comfortable.
One of the standout features of the home is the stunning exposed brick fireplaces on both the upper and lower levels, adding timeless character and cozy ambiance year-round. The smart two-level layout includes a bedroom and full bathroom on each floor, offering excellent separation and privacy for guests or rental groups.
With the addition of sleeper sofas, the home comfortably accommodates up to eight guests, making it a fantastic option for family vacations, friend groups, or rental income potential.
The property is being sold fully furnished, with only a few personal décor items excluded, allowing for a seamless and truly turnkey experience. Whether you plan to enjoy it as your own mountain escape or begin generating rental income right away, everything is already in place.
Located in one of the few areas of Townsend that allows short-term rentals, the location is exceptional. You're just minutes from scenic hiking trails, the Little River, local restaurants and shops, and easy access to the Great Smoky Mountains National Park.
If you've been searching for a charming Smoky Mountain retreat with strong STR potential in a peaceful setting, this property offers the perfect combination of location, quality, and investment opportunity.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 22, 2020 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017