Luxury Spotlight August 19, 2025

Wallace Luxury Spotlight | 3093 Smoky Bluff Trail Sevierville, TN 37862

Luxury Living in The Summit – Indoor Pool, Mountain Views & Turn-Key Investment Potential

Perched in the prestigious subdivision of The Summit, this remarkable 6-bedroom, 5 full bath, 2 half bath estate offers over 5,700 square feet of refined living. Whether you’re seeking a luxurious private retreat or an exceptional investment opportunity, this property blends timeless elegance with modern amenities to deliver it all.

From the moment you arrive, the grandeur of this three-story residence is clear. The main level greets you with a sweeping foyer that opens into a soaring great room with a cozy gas fireplace and panoramic mountain views. Designed with entertaining in mind, the chef’s kitchen features high-end appliances, multiple dining areas, and direct access to a covered porch with an outdoor fireplace and ample space for gathering.

The main-level primary suite provides a true escape. Highlights include an electric fireplace, private porch access, a spa-like bath with soaking tub overlooking the mountains, and an oversized walk-in shower. A spacious laundry room and three-car garage complete this level.

Upstairs, you’ll find three additional bedrooms, including a second suite, plus a Jack & Jill bathroom. The lower level is built for entertainment, boasting two more private suites, a home theater, expansive game room, kitchenette, second laundry, and a private indoor pool. Just outside, the hot tub offers the perfect vantage point to relax and take in the mountain views.

Currently set up to sleep 12 guests, this fully furnished and decorated home is turn-key and ready to perform as a short-term rental, with projections of $230,000 in the first year.

Additional features include:

  • City water
  • Low annual HOA fees
  • Propane gas stove, indoor fireplace, and outdoor fireplace

Perfectly situated just minutes from top attractions, the property offers easy access to Dollywood, The Island in Pigeon Forge, Ripley’s Aquarium of the Smokies, Anakeesta, Ober Mountain Adventure Park, the Great Smoky Mountains National Park, and all the dining, shopping, and shows of Gatlinburg and Pigeon Forge.

Whether you envision it as your own mountain retreat or a premier rental property, this home in The Summit is designed to impress.

Listed by Hali Combs Whaley – Wallace Real Estate Bearden Office | Click here for more information.

Luxury Spotlight August 11, 2025

Wallace Luxury Spotlight | 309 E Bullrun Valley Drive Heiskell, TN 37754

Tucked away on 24 unrestricted acres, this remarkable property offers a rare blend of luxury, privacy, and connection to nature. Surrounded by peaceful woodlands and abundant wildlife, the home provides a true retreat-like setting while still being just minutes from shopping, schools, medical care, and I-75.

Inside, the home is thoughtfully designed for both comfort and style. The kitchen, updated with sleek quartz countertops and a new gas cooktop in 2023, is perfect for everything from everyday meals to hosting gatherings. The main living space is anchored by a cozy gas fireplace, creating a warm and welcoming atmosphere.

With four spacious bedrooms and four well-appointed bathrooms, there’s room for everyone to enjoy. The primary suite stands out with heated tile floors, offering an added touch of everyday luxury. One of the bedroom closets is even outfitted with hot and cold water lines—ideal if you ever want to add a washer and dryer for extra convenience.

Peace of mind comes standard here, thanks to major system updates: a new roof and HVAC system in 2022, along with a new gas water heater in 2023.

Outdoor living is just as impressive. Imagine mornings spent by the tranquil koi ponds, afternoons unwinding in the whirlpool tub on the expansive deck, or evenings gathered around the wood-burning outdoor fireplace. For those who enjoy projects or hobbies, a separate workroom with electricity provides the perfect space. Additional features include:

  • Two-car carport with storage above

  • Concrete RV carport with electric hookup and sewer clean-out

  • Gated driveway for added privacy and security

Whether you’re observing wildlife, entertaining friends, or enjoying quiet moments surrounded by nature, this property makes it all possible. It’s luxurious rural living at its finest—seamlessly blending comfort, function, and natural beauty.

Listed by Vickie Bailey Team – Wallace Real Estate Bearden Office | Click here for more information

Lifestyle August 11, 2025

Where to Catch a Great Show in East Tennessee

Looking for your next night out? Whether you’re craving the magic of live theater, the thrill of a concert, or a one-of-a-kind dinner show, East Tennessee has a stage (or several) waiting for you. Bookmark this list and share it with friends so you’ll always have the perfect entertainment options at your fingertips.

Known as “The Grand Entertainment Palace,” the Tennessee Theatre’s ornate architecture and storied history make it a show in itself. Located on Gay Street in downtown Knoxville, this beautifully restored gem hosts everything from touring Broadway productions to symphony performances and film screenings. The Tennessee Theatre is currently in the midst of a renovation project, which will expand the space for events and increase women’s restroom facilities as well as add a full-service bar on the Theatre balcony level, as well as a donor lounge with a bar located on the main Theatre level.

Just down the street from the Tennessee Theatre, the Bijou Theatre offers an intimate setting that’s perfect for live music, comedy, and theatrical performances. With just over 700 seats, every spot in the house feels close to the action.

One of the oldest continually operating community theaters in the Southeast, the Oak Ridge Playhouse stages a diverse lineup of musicals, dramas, and comedies. It’s a welcoming space where you can experience exceptional local talent.

Situated on the University of Tennessee campus, Clarence Brown Theatre is known for its professional-quality productions and engaging storytelling. The blend of seasoned actors and emerging talent makes for compelling performances year-round. Also opening in early 2026 is the newly remodeled nearby Jenny Boyd Carousel Theatre, which will be a state-of-the-art venue presenting shows in a more intimate setting.

A relative newcomer with a big impact, River & Rail Theatre Company produces thought-provoking plays in an intimate downtown space at the Old City Performing Arts Center. Their productions often explore timely themes and create meaningful conversations long after the curtain falls. Next in store for River and Rail Theatre Company is a move to the historic Sterchi-Audigier Residence at 2651 Magnolia Avenue. The theater plans to renovate the property and move there in late 2026 or early 2027.

If live music is your scene, The Mill & Mine offers an industrial-chic venue with top-notch acoustics. From indie rock to Americana, it’s the go-to spot for catching nationally touring bands in an energetic setting.

Pigeon Forge Entertainment
Pigeon Forge is a hub for live entertainment in all its forms. Dinner theaters like Dolly Parton’s Stampede pair hearty Southern meals with dazzling horseback stunts, while music venues like Country Tonite Theatre deliver toe-tapping performances for all ages. Comedy, magic, and variety shows abound, making it easy to find something for everyone.

From Spotlight to Applause
No matter your taste, East Tennessee’s performance scene offers something to inspire, entertain, and delight. Whether you’re stepping into a historic theater or settling in for a night of music and laughter, you’ll find that the region’s stages are as warm and welcoming as the people who fill them.

Market StatsReal Estate News & Trends August 11, 2025

July 2025 Real Estate Market Update: What You Need to Know

July brought a slight increase in new listings compared to June, giving buyers fresh options heading into late summer. However, trends suggest new inventory could slow as we move into fall—making now a great time for buyers to act while choices are at their peak.

Active listings continue to climb, and historically, August is the month when buyers have the most options. This year appears to be no different—RIGHT NOW may be the best selection of homes we’ll see in 2025.

After a slower May and June, July saw an uptick in pending sales, which should set the stage for a stronger August in terms of closings. While July closings were down compared to earlier months, they still surpassed 2023 and 2024 levels, signaling that buyers are adjusting to the current interest rate environment.

Months of supply have remained between 5–6 all year, reflecting a balanced market overall. In the luxury sector, supply is above 9 months—an indicator that conditions may be shifting toward buyers.

Median sales prices have stayed steady since early 2024, and homes are taking slightly longer to sell. This is likely due to the surge in inventory earlier this summer. Well-priced listings—especially in the luxury market—will be key to attracting today’s buyers.

Bottom line? Buyers currently enjoy the most selection of the year, and sellers who price strategically have an excellent opportunity to capture motivated summer-to-fall buyers.

If you’re considering a move, this is a great time to work with a trusted real estate professional and approach the market with clarity.  Whether you’re looking for your first home, selling your current one, or simply curious about market trends, I’m here to help you navigate this evolving market.

*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.

Luxury Spotlight August 6, 2025

Wallace Luxury Spotlight | 970 Cave Creek Road Loudon, TN 37774

55 Acres of Opportunity – Mini-Farm, Multi-Generational Living, Hunting Paradise & More

Welcome to a property where the possibilities are as wide open as the land itself. Nestled on 55 private, unrestricted acres, this estate offers the perfect balance of space, versatility, and natural beauty. Whether your vision includes a working mini-farm, a multigenerational homestead, a hunting retreat, or simply a peaceful escape, this property delivers the canvas to make it a reality.

The main home has been newly updated to provide both comfort and functionality for everyday living. Just down the way, a charming guest cottage—set apart for privacy—opens the door to countless possibilities. It could serve as an in-law suite, short-term rental, guest quarters, or even a private home office.

Need even more space? A newly built workshop is ready to adapt to your vision, whether that’s transforming it into a barndominium, a studio, or a traditional barn.

Beyond the homes, the land itself is the star. A gated entry and paved driveway lead to a circle drive, offering both security and convenience. A year-round creek adds to the natural charm, while a one-mile trail bordering the property provides endless opportunities for horseback riding, ATVs, or simply enjoying a scenic walk. With excellent hunting potential, space for gardens, and room for animals or recreation, the land offers true freedom to create the lifestyle you’ve been dreaming of.

And while you’ll feel worlds away from the hustle and bustle, the location is ideal: just 25 minutes to shopping and dining at Turkey Creek and 40 minutes to downtown Knoxville. Plus, with brand-new fiber internet, staying connected has never been easier—even while living the rural lifestyle you’ve always wanted.

Whether you’re building a family legacy, creating your dream farmstead, or investing in a flexible-use property, this estate is ready to grow with you.

Listed by Summer Munyon – Wallace Real Estate Farragut Office | Click here for more information

Luxury Spotlight August 3, 2025

Wallace Luxury Spotlight | 9915 Smoky Row Road Strawberry Plains, TN 37871

Custom-Built Country Retreat on 11.5+ Acres in Strawberry Plains

Set on over 11.5 private acres in desirable Strawberry Plains, this beautifully designed all-brick home offers more than 3,700 square feet of living space in a peaceful country setting. With thoughtful details and exceptional amenities throughout, this property blends comfort, function, and style.

The main level welcomes you with soaring vaulted ceilings and a spacious layout that includes three bedrooms, two and a half baths, and a convenient laundry/utility room. The kitchen is a standout, featuring a large pantry and brand-new appliances—including refrigerator, dishwasher, and garbage disposal—making it as functional as it is inviting. The living area, anchored by a cozy stove fireplace, flows seamlessly to a screened-in porch and open deck, perfect for both relaxation and entertaining.

The primary suite is a retreat of its own, complete with a cedar-lined walk-in closet featuring custom shelving and a double vanity bath. Upstairs, a versatile bonus room with a closet and full bath offers flexibility—ideal as a guest suite, office, or playroom tailored to your needs.

The lower level basement is designed for even more living space, with poured concrete walls, an additional two-car garage, bar area, and full bath. Recent upgrades bring peace of mind, including a new HVAC system, Oessency water heater, and whole-house water purification system. A generator and large safe also convey with the home.

Outside, the property is equally impressive. With RV parking, underground electric, a garden space, and pre-cut ATV trails, it offers endless ways to enjoy the land. All this comes with the added benefit of a 2.8% assumable VA loan available to qualified buyers.

This home is a rare opportunity to enjoy a peaceful country lifestyle with modern conveniences, just minutes from shopping, schools, and major roadways.

Listed by Your Tennessee Property Team – Cheryl Headrick & Kathy Shepard, Wallace Real Estate Bearden Office | Click here for more information

Luxury Spotlight July 28, 2025

Wallace Luxury Spotlight | 1600 Starmont Trail Knoxville, TN 37909

Stylish, Light-Filled Living in the Heart of Bearden

Welcome to 1600 Starmont Trail, where modern design meets everyday functionality in one of Knoxville’s most convenient and vibrant neighborhoods. Built in 2022, this thoughtfully designed 4-bedroom, 3-bath home—with a flexible bonus room—offers a smart layout, elegant finishes, and a location that puts you close to everything you love about Bearden and beyond.

From the charming covered front porch to the open-concept interior, every space in this home is designed to feel warm, welcoming, and bright. The main level includes a spacious guest bedroom and full bath, ideal for visitors, a home office, or multigenerational living.

Upstairs, the primary suite is a true retreat with dual walk-in closets and a spa-inspired bath featuring a garden tub, dual vanities, and a large tiled shower. Two additional bedrooms and a versatile bonus room—perfect for a media room, playroom, or home gym—complete the upper level.

The heart of the home is the expansive main living area, where a stone-surround fireplace creates a cozy focal point. This space flows effortlessly into the dining area and a designer kitchen featuring:

  • Quartz countertops
  • Stainless steel appliances
  • Sleek white cabinetry
  • A large island perfect for gathering and entertaining

The formal dining room, framed by a coffered ceiling and ample natural light, adds a touch of sophistication.

Outside, enjoy your own private oasis with a covered back patio, lush landscaping with irrigation, and a thriving strawberry garden—a rare treat for gardeners and outdoor lovers alike.

Property Highlights:

  • 4 Bedrooms | 3 Bathrooms | Bonus Room
  • Open-Concept Layout | Stone Fireplace
  • Spa-Inspired Primary Suite with Dual Closets
  • Stylish Kitchen with Quartz Counters & Island
  • No Carpet Throughout
  • Covered Front & Back Porches
  • Irrigated Yard with Beautiful Landscaping and Garden
  • Minutes to Bearden amenities, Downtown Knoxville, UT Campus, and I-40
  • Special Financing Incentives Available from SIRVA Mortgage

Enjoy the best of modern living in a prime Bearden location, where comfort, convenience, and style come together beautifully.

Listed by Lisa Jones – Wallace Farragut Office | Click here for more information.

Luxury Spotlight July 25, 2025

Wallace Luxury Spotlight | 1827 Elk Springs Way Gatlinburg, TN 37738

Turnkey Luxury in Elk Springs Resort – A Smoky Mountain Retreat with Proven Rental Success

Tucked away in the highly desirable Elk Springs Resort, this fully furnished, three-level cabin offers a rare combination of luxury, location, and low-maintenance ease—all just minutes from Gatlinburg and Pigeon Forge. Whether you’re seeking a serene retreat, an income-generating investment, or a second home in the Smokies, this property is ready to deliver.

Set among peaceful wooded surroundings, the cabin features 4 bedrooms, 3.5 bathrooms, and expansive decks or patios on every level—providing space to relax, entertain, and take in the natural beauty that East Tennessee is known for.

Inside, soaring ceilings and new flooring on the main level enhance the warm, open-concept living area, anchored by two gorgeous natural gas stone fireplaces. A spacious game room and private movie theater create the perfect setting for unforgettable evenings with family and friends.

The cabin is ideally located just 15 minutes from downtown Gatlinburg, with quick access to top-rated attractions including:

  • Anakeesta
  • Ripley’s Aquarium of the Smokies
  • Ober Mountain
  • Great Smoky Mountains National Park
  • And only 10 miles from Pigeon Forge, Dollywood, The Island, and more

Utilities are dependable and efficient with natural gas, city water, city electric, and community septic. The HOA makes ownership effortless by including cable, internet, phone, and water—plus this property’s proven rental history and low operating costs make it a smart, stress-free choice for investors and vacation homeowners alike.

Property Highlights:

  • 4 Bedrooms | 3.5 Bathrooms | 3 Levels
  • New Flooring | Soaring Ceilings | 2 Stone Fireplaces
  • Private Theater Room + Game Room
  • Decks/Patios on Each Level | Peaceful Wooded Setting
  • Turnkey and Fully Furnished
  • Strong Rental History | STR-Eligible
  • HOA Covers Cable, Internet, Phone, Water
  • Located in Elk Springs Resort | Just Minutes from Gatlinburg & Pigeon Forge
  • Serviced by Natural Gas, City Electric, City Water, and Community Septic
  • Free Appraisal or Discounted Rate Available with Preferred Lender

Experience the best of mountain living with the convenience of resort-style amenities and proximity to East Tennessee’s most iconic attractions.

Listed by Hali Combs Whaley – Wallace Bearden Office | Click here for more information.

Luxury Spotlight July 25, 2025

Wallace Luxury Spotlight | 3301 Summit Trails Drive Sevierville, TN 37862

A Legacy Lot Like No Other in The Summit

Welcome to a mountain estate that breaks the mold—offering nearly 10 acres of panoramic views, luxury design, and exclusive privacy in the heart of one of Sevierville’s most coveted communities: The Summit.

This extraordinary 9.93-acre property is the largest privately owned lot in the entire development, making it a rare and valuable find for those seeking space, serenity, and sophistication in the Smoky Mountains. With unobstructed, postcard-worthy views of the Smokies and no potential for future neighbors, this estate delivers a private mountain living experience without compromise.

Designed with intention and executed with craftsmanship, the custom-built home was lightly lived in as both a primary residence and second home. Inside, timeless materials—slate flooring, natural stone, wood-beamed ceilings, and custom finishes—complement modern conveniences and an open layout built for both everyday ease and entertaining.

The main-level primary suite is a true retreat, featuring a stunning Isokern stone fireplace (gas & wood-burning) that opens into the adjoining living room, along with a spa-like bath complete with a copper soaking tub, slate walk-in shower, and custom walk-in closet that flows directly into the laundry room for added functionality.

In the chef’s kitchen, no detail has been overlooked:

  • Double refrigerators and dishwashers
  • Built-in microwave and oven
  • Electric oven with gas cooktop and pot filler
  • Oversized walk-in pantry and a breakfast bar that comfortably seats 4-6

Upstairs, two additional bedrooms and a full bath ensure everyone has their own comfortable corner, while all bathrooms continue the theme of natural slate finishes.

The attached three-car garage includes a commercial-grade gym, making health and wellness part of your everyday lifestyle. Ample driveway parking offers room for guests or future renters—an important asset in a Short-Term Rental-Eligible (STR) location.

Even more opportunity awaits:
This property includes approved plans for a 1,200 sq ft guest house, ideal for multigenerational living, rental income, or simply enjoying more of the extraordinary mountain views. The expansive backyard is a blank slate for outdoor living dreams—think pool, firepit lounge, or hot tub under the stars.

All furnishings and gym equipment are included, making this a truly turnkey offering—whether you’re looking for a private retreat, an income-producing investment, or both.

Property Highlights:

  • 3 Bedrooms | 3 Bathrooms | 3-Car Garage
  • 9.93 Acres | Largest Lot in The Summit
  • Panoramic Mountain Views | No Future Neighbors
  • Chef’s Kitchen with Premium Appliances
  • Main-Level Primary Suite with Slate Bath & Copper Soaking Tub
  • Commercial Gym in Garage | Fully Furnished & Turnkey
  • Approved Plans for 1,200 sq ft Guest House
  • STR-Eligible | Surrounded by High-Performing Rentals
  • Minutes to Pigeon Forge, Dollywood & GSMNP
  • Free Appraisal or Discounted Rate with Preferred Lender

This is more than a mountain home—it’s an unmatched opportunity to own one of the most prestigious parcels in East Tennessee’s luxury real estate market.

Listed by Hali Combs Whaley – Wallace Bearden Office | Click here for more information.

Luxury Spotlight July 25, 2025

Wallace Luxury Spotlight | 5925 Sevierville Road Seymour, TN 37865

Luxury Living Meets the Majesty of the Smokies

Welcome to a legacy estate that redefines luxury mountain living. Nestled on 6.5 private acres in the heart of the Smokies, this extraordinary residence offers a rare blend of panoramic views, high-end amenities, and thoughtful design—creating a retreat that is as functional as it is unforgettable.

From the moment you arrive, the breathtaking backdrop of the Smoky Mountains surrounds you, offering picture-perfect vistas from nearly every room in the home. The expansive wraparound porch, hardscaped patio with fireplace, and screened-in dining area invite you to soak in every sunrise and sunset in complete serenity.

Inside, the home is a study in elevated craftsmanship and comfort. Soaring ceilings and refined finishes set the tone in the open-concept main living space, where a gourmet chef’s kitchen awaits. Outfitted with top-tier appliances, an oversized pantry with sink and workspace, and abundant storage, it’s perfectly suited for hosting gatherings or preparing everyday meals with ease.

Entertainment is effortless here, thanks to a private home theater that rivals any cinema—complete with a 150-inch screen and stadium seating for 20 guests. Whether you’re watching the big game or enjoying a movie night with friends, this space makes every viewing an event.

The main level features three spacious bedrooms, offering the ease of single-level living, while a fully outfitted in-law suite on the lower level includes its own kitchen, private entrance, and flexible accommodations for guests or multigenerational living.

Additional conveniences like a safe room and framed-out space for a future elevator add peace of mind for long-term comfort.

For collectors or hobbyists, a four-car garage and 40×60 barn provide ample room for vehicles, gear, or creative projects. Outside, the grounds have been thoughtfully landscaped to include a tranquil pond, walking trails, and a water feature that enhances the estate’s sense of calm and connection to nature.

Property Highlights:

  • 4 Bedrooms | 5.5 Bathrooms | In-Law Suite
  • Chef’s Kitchen with Oversized Pantry and Sink
  • Private Theater Room with 150-Inch Screen | Seating for 20
  • 4-Car Garage + 40×60 Barn
  • Hardscape Patio with Fireplace & Water Feature
  • 6.5 Acres with Pond and Walking Trail
  • Screened-In Dining Area with Stunning Mountain Views
  • Safe Room + Elevator-Ready Design

Whether you’re searching for a private retreat, a place to entertain in style, or a luxurious multi-generational home, this Smoky Mountain estate offers it all—with nature’s finest views as your everyday backdrop.

Listed by Brian Shaffer Team – Wallace Lakeside Office | Click here for more information