INNOVATE Real Estate
02-123 Cutter Gap Rd VT-1 - 123 Cutter Gap Rd, Townsend, TN 37882, Townsend
31-123 Cutter Gap Rd 26 - 123 Cutter Gap Rd, Townsend, TN 37882, Townsend
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06-123 Cutter Gap Rd 01 - 123 Cutter Gap Rd, Townsend, TN 37882, Townsend
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03-123 Cutter Gap Rd 28 - 123 Cutter Gap Rd, Townsend, TN 37882, Townsend
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40 photos

$565,000

123 Cutter Gap Rd, Townsend, TN 37882
Townsend, TN 37882
Listed by Courtney McGhee · Keller Williams
Bedrooms
2
Bathrooms
2
Living area
N/A
Year built
1973

About this home

Your Smoky Mountain escape starts here! Located in the heart of Townsend, known as the ''Peaceful Side of the Smokies,'' this beautifully renovated home offers an inviting place to unwind with the flexibility to enjoy it as a personal retreat, short-term rental, or both. 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 décor 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!

Highlights

Fireplace

Property details

MLS #
1357759
Property type
Single Family Residence
Subdivision
Fairlight
Status
Active
Days on market
1
On market date
October 3, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.38 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Townsend Elementary
2.72 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
113
Student:teacher ratio
14.1:1
District
Blount County
Middle
Heritage Middle School
6.85 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
711
Student:teacher ratio
15.5:1
District
Blount County
High
Heritage High School
6.91 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,333
Student:teacher ratio
15.9:1
District
Blount County

Walkability

Blended score for Townsend's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

11
Very car-dependent
out of 100
EPA National Walkability Index
3.7 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Townsend, from live MLS data.

On the market 1 days -- 139 fewer days than Townsend's current average of 140 days.
For reference, the median list price across 132 active listings in Townsend right now is $497,000.

Mortgage calculator

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Est. monthly payment
$3,552/mo
$113,000 down
$452,000 loan
Principal & interest$2,932
Property tax (est.)$471
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.