Luxury Spotlight July 16, 2025

Wallace Luxury Spotlight | 12176 Brookstone Drive Knoxville, TN 37934

Modern Lakeview Living with Smart Features and Resort-Style Amenities in Farragut

Tucked away on a quiet cul-de-sac in Farragut’s sought-after Brixworth neighborhood, this beautifully maintained home offers an exceptional living experience. With year-round views of the lake, a bright and functional interior layout, and a long list of updates and smart home features, it’s a space designed to grow with you.

This two-story basement home combines privacy and community, offering five bedrooms, 3.5 bathrooms, and multiple flexible living spaces across three finished levels. Whether you’re hosting large gatherings, seeking a peaceful retreat, or looking for room for multigenerational living, this home delivers.

At its heart is a chef’s kitchen featuring a gas Viking cooktop and Wolf convection steam oven—ideal for everything from everyday meals to entertaining with ease. The layout flows seamlessly outdoors, where the deck (new in June 2025) overlooks serene surroundings and doubles as a covered carport below.

Upstairs, four bedrooms provide ample room for all, while the fully finished walkout basement features a private fifth bedroom that could easily function as an in-law suite. Throughout the home, you’ll find real hardwood and updated tile flooring, abundant closet space, and thoughtful upgrades like Google smart home integration, Nest Protect detectors, and whole-home audio.

Practicality meets peace of mind with a 2025 stucco inspection from Guardian Home Inspections showing excellent exterior condition. The HVAC was replaced in 2020, and the oversized two-car garage plus additional driveway and cul-de-sac parking means you’ll always have space for guests.

Notable Features:

  • 5 bedrooms, 3.5 bathrooms
  • Chef’s kitchen with Viking gas cooktop & Wolf convection steam oven
  • Fully finished basement with private suite potential
  • Real hardwood and updated tile throughout
  • HVAC replaced in 2020
  • Deck replaced in 2025, with covered carport below
  • Guardian stucco inspection (2025) confirms excellent exterior condition
  • Oversized 2-car garage + ample driveway and street parking
  • Attic with potential for future expansion
  • Central vacuum and intercom system
  • Full Google smart home integration
    • App, voice, and wall control of lighting
    • Smart locks and smoke/CO detectors
    • Whole-home audio with individual zone controls

Brixworth Neighborhood Amenities:

  • Clubhouse with private changing rooms and reservable event space
  • Swimming pool (6 feet deep center, 3 feet at ends)
  • Tennis, basketball, and pickleball courts
  • 4-mile greenway perfect for biking or walking
  • Direct access to the Farragut Greenway

Enjoy the comfort of smart, modern living with scenic surroundings and a strong sense of community—just minutes from lakeside recreation, shopping, and everything Farragut has to offer.

Listed by Lenore Downer – Wallace Real Estate North Office | Click here for more information

Luxury Spotlight July 14, 2025

Wallace Luxury Spotlight | 5 Shell Mountain Road Sevierville, TN 37876

 

Shell Mountain: A Rare Opportunity to Own a Mountaintop Legacy in the Smokies

Imagine owning an entire ridgeline in the Smoky Mountains—where panoramic views stretch for miles, zoning supports expansive development, and the groundwork for your dream community is already in place. Welcome to Shell Mountain, a 95+ acre mountaintop parcel with unmatched 360-degree vistas and extraordinary investment potential.

Listed by Lisa Hoyt – Wallace Real Estate Farragut Office, this is more than just land—it’s a once-in-a-lifetime opportunity to shape the future of East Tennessee’s luxury market. With preliminary development efforts already underway and the region’s booming tourism industry continuing to grow, Shell Mountain stands ready to become a premier destination for generations to come.

The Highlights:

  • 95.39 acres combining three parcels into one development-ready opportunity
  • 360° views—Douglas Lake and the valley to the north, postcard-worthy Smoky Mountains to the south
  • 13 premier build sites proposed along the ridge, each with unlimited bedroom count and size
  • Additional usable acreage below for future expansion or alternative use
  • County-maintained road access for reduced infrastructure and easier logistics
  • Preliminary development documents available, including soil test maps, stormwater plan, and roadworks package
  • Seller open to financing options and offering additional acreage nearby for those with larger visions

Whether you’re envisioning a luxury short-term rental community, a high-end resort and wellness retreat, or a mountaintop wedding venue with onsite lodging, Shell Mountain is uniquely suited to bring that dream to life. Unlike many parcels with extreme slopes or remote access, this property features natural level ridgelines, a cleared pioneer road, and access to a drip system design that allows for large-capacity development.

The region speaks for itself:

  • 12+ million visitors annually to the Great Smoky Mountains National Park (the most visited in the U.S.)
  • Proximity to Dollywood, Gatlinburg, Pigeon Forge, and Sevierville
  • An underserved niche for venues with on-site accommodations
  • A proven market for multi-million-dollar luxury cabins and high-yield short-term rentals

Shell Mountain offers the rare blend of scenic majesty, practical feasibility, and strategic positioning that savvy developers dream of. It feels worlds away, yet remains connected to the pulse of the Smokies’ thriving tourism economy.

Whether your vision is bold, boutique, or breathtakingly bespoke—this mountaintop canvas is ready for your masterpiece.

Watch the property video: View Now

Listed by Lisa Hoyt – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight July 14, 2025

Wallace Luxury Spotlight | 2773 Clabo Road Sevierville, TN 37862

Luxury Living Meets Mountain Adventure in Wears Valley

If you’ve ever dreamed of a mountain retreat where you can swim year-round, play pickleball under the sky, and take in panoramic Smoky Mountain views—all from the comfort of your own private property—this extraordinary home in Wears Valley delivers.

Listed by Lisa Hoyt – Wallace Real Estate Farragut Office, this newly constructed luxury cabin is more than a getaway—it’s a lifestyle investment. Whether you’re looking for a private mountain escape or a high-earning short-term rental, this property checks every box.

Highlights include:

  • Indoor Pool for year-round enjoyment
  • Private Pickleball/Basketball Court
  • Expansive 1-Acre Lot with fire pit and space for additional features
  • Mountain Views in all seasons
  • $60,000 Furniture Credit with acceptable offer
  • Architect-stamped plans and sprinkler system for rental occupancy up to 20 guests

Inside, the design blends rustic charm with upscale finishes. The heart of the home features a soaring 24-foot stone fireplace, dramatic cathedral ceilings, and towering windows that perfectly frame the surrounding mountains. The open layout includes three bedrooms, a bonus room with exterior access, a nearly 600-square-foot loft, and a versatile game/theatre/playroom beside the indoor pool—ideal for entertaining or accommodating large groups.

The kitchen is equally impressive, featuring:

  • Custom range hood over a 36” stove
  • Granite countertops
  • Premium finishes throughout
  • Andersen windows and Trex decking for durability and style

The bathrooms offer spa-inspired tiled showers, and the expansive outdoor deck is already reinforced and pre-wired for a hot tub—just imagine soaking under the stars with mountain views as your backdrop.

Location Perks:

  • 7 minutes to Foothills Parkway
  • 15 minutes to the Great Smoky Mountains National Park
  • 20 minutes to Pigeon Forge and area attractions

With an estimated completion date of August 2025, now is the perfect time to secure your mountain oasis and make it your own. Plus, with resources available to help you furnish the home quickly, you can be up and running as a turn-key rental or vacation getaway soon after closing.

View the property video: Watch Now

Listed by Lisa Hoyt – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight July 14, 2025

Wallace Luxury Spotlight | 326 Marble Bluff Drive Kingston, TN 37763

Breathtaking Views and Custom Design Await at 326 Marble Bluff Drive

Perched above the serene waters of Watts Bar Lake and framed by the rolling hills of East Tennessee, 326 Marble Bluff Drive offers a harmonious blend of luxury, comfort, and natural beauty. Listed by Robin Aggers – Wallace Farragut, this exquisite home invites you to experience elevated living in one of Kingston’s most desirable communities.

From the moment you enter, you’re welcomed by panoramic views that stretch across the lake and surrounding mountains, visible from nearly every room. The home’s elevated placement ensures not only privacy but also a front-row seat to some of the region’s most stunning sunsets.

Crafted with attention to detail and high-end finishes throughout, this ranch-style basement home includes a generous bonus suite upstairs—perfectly suited for extended guests, multi-generational living, or a luxurious home office setup.

At the heart of the main living area is a show-stopping chef’s kitchen:

  • Custom cabinetry with under-cabinet lighting
  • Striking butcher block island
  • Sleek, modern appliances
  • Stylish finishes that bring warmth and sophistication

The open-concept layout flows seamlessly into the dining and living spaces, making entertaining effortless and everyday living feel elevated. The main-level primary suite offers a tranquil escape with spa-like features including:

  • Oversized dual basin sinks
  • A fully tiled walk-in shower
  • Beautiful natural light to start each day peacefully

Upstairs, the bonus suite provides even more flexibility with its own private living area, bedroom, bathroom, walk-in closet, and generous storage.

The walkout basement opens the door to even more possibilities for recreation, hobbies, or additional living space. Meanwhile, the outdoor areas are truly exceptional:

  • Covered front porch for morning coffee
  • Cozy outdoor fireplace in a private covered nook
  • Expansive deck perfect for relaxing, grilling, or simply soaking in the views

Practical upgrades offer peace of mind, including a full-home water filtration system and a whole-house generator. Set in a peaceful, private neighborhood just 30 minutes from Turkey Creek, Farragut, and Hardin Valley, this home offers the rare combination of secluded tranquility with convenient access to amenities.

326 Marble Bluff Drive isn’t just a home—it’s a lifestyle of scenic beauty, quality craftsmanship, and everyday serenity.

Listed by Robin Aggers – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight July 11, 2025

Wallace Luxury Spotlight | 3509 Blow Drive Knoxville, TN 37920

Timeless Tudor Elegance Meets Modern Luxury on Nearly 5 Private Acres

Welcome to a rare opportunity to own one of Knoxville’s most breathtaking private estates. Tucked away on nearly five wooded acres in a prime location just minutes from downtown, this stunning Tudor-style home exudes timeless elegance, architectural distinction, and unmatched comfort.

From the moment you arrive, a winding driveway guides you to an architectural showpiece, framed by custom stone and brickwork that sets the tone for enduring beauty. This 4-bedroom, 5.5-bathroom estate, complete with a 4-car garage, masterfully blends traditional craftsmanship with luxurious modern amenities.

Refined Living Spaces

A grand wooden double-door entry welcomes you into an interior filled with natural light, anchored by a two-story atrium with floor-to-ceiling windows that create an unforgettable first impression. Inside, you’ll find two primary suites, each featuring its own fireplace for ultimate relaxation. One of these suites, currently used as a home office, also offers a private balcony with serene views of the estate.

The formal dining room, enclosed sun porch, and spacious living areas provide exceptional flow for both quiet moments and large-scale entertaining. A thoughtfully placed breakfast area off the kitchen is the perfect spot to enjoy your morning coffee, while a basement rec room with a gas fireplace adds an inviting retreat for casual gatherings. Dual staircases elevate the home’s sense of grandeur and functionality.

A Resort-Style Outdoor Escape

Designed for unforgettable outdoor entertaining, this estate’s exterior is nothing short of extraordinary. The saltwater pool, stone firepit, and pergola-covered patio create a picturesque setting for outdoor enjoyment. At the heart of it all is a fully equipped outdoor kitchen, complete with:

  • Built-in grill

  • Wood-burning fireplace

  • Pizza oven

  • Leathered granite countertops

  • Drink fridge and storage space

Adding to the resort-like feel, the pool house features a full bath and a unique rain shower enclosed in natural stone. Mature landscaping—including Japanese maples and manicured shrubs—surrounds the property, offering privacy and tranquility at every turn.

Unbeatable Location

Despite its private, wooded setting, the home is just 5 miles from the heart of downtown Knoxville, offering a vibrant mix of dining, shopping, and cultural attractions like Market Square, the Tennessee Theatre, and the Knoxville Museum of Art. It’s also close to the University of Tennessee Medical Center, Fort Sanders Regional Medical Center, and lies along the Dogwood Trail, part of the annual Dogwood Arts Festival.

A Rare Opportunity

With no city taxes and a location that balances serenity with convenience, this is more than a home—it’s a lifestyle. Whether you’re hosting a lavish event or enjoying a peaceful evening under the stars, this remarkable estate delivers sophistication, comfort, and a one-of-a-kind East Tennessee living experience.

More details to come—this is a truly unique opportunity you don’t want to miss. Schedule your private tour today.

Presented by Lisa Jones | Wallace Real Estate – Click here for more info.

Market StatsReal Estate News & Trends July 8, 2025

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

As we closed out the first half of the year, June brought some interesting insights into the East Tennessee real estate market. While activity didn’t hit record-breaking levels, there are strong indicators that the market remains healthy—just evolving toward a more balanced rhythm.

Here’s a quick look at how the market performed in June:

New Listings – In an interesting turn of events, the number of new listings that entered the market in June was down from May and down from April. Last year during June, the number of new listings took a similar slowdown.

However, you have to temper this information with the data that shows that the only other year where we had MORE listings in June was 2022. So, still a hearty number of sellers choosing to enter the real estate market.

Active Listings – There has been a steady climb of listings that were Active at some point this year, with June reaching a high mark. When compared to the overheated market of 2021, this means that buyers have nearly twice the number of choices available to them. This also means that sellers have twice the number of competitors.

Having more inventory causes a couple of negotiation reactions…buyers have more leverage in asking for reduced prices, concessions and repairs, and sellers have more reason to enter the market well-priced and well-prepared for sale.

Sales Pending – Not the highest number of homes going under contract, but also not the lowest. We did see more homes going under contract this June than in June of 2023 or 2024, which shows the market hasn’t necessarily lost its momentum, but it is perhaps moving at a more reasonable and normal pace.

Closed Units – Again, not the highest or lowest numbers in recent history, but better than we’ve seen in the past couple of years. We edged out 2023 by just a bit, but are comfortably ahead of last year.

Homes are going on the market, they are pending, and they are closing. As a seller, it’s important to work with an agent who understands the process and how to get your home market ready.

Months of Supply – We held steady in May and June in the Months of Supply category. Our timeline for running out of listings at the current pace of sales is still just over 5 months, which still puts our market in the category of being a “seller’s market.” It’s just not as obvious as it has been looking back a few years.

Median Sales Price – Our median sales price is almost identical this year to where we were last June. This means that prices haven’t fallen, but rather are steady.

So, rather than coming to the market expecting a large percentage increase in value over last year, sellers should temper their expectations. They haven’t necessarily lost value, but prices aren’t gaining as quickly as they once were. Again, a direct result of our supply and demand situation balancing out.

Average Days on Market – This number is also holding steady. Homes under our luxury price point are selling in about 60 days (on the market 15-30 days before connecting with a buyer), and luxury listings are taking about 73 days, or about 30-45 days before connecting with a buyer.

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.

Company NewsLifestyle July 6, 2025

Wallace Partners with Knoxville Habitat for Humanity for July ReStore Donation Events

 

At Wallace, we believe that home is more than just a place—it’s the foundation for stability, opportunity, and community. That’s why we’re proud to team up with Knoxville Habitat for Humanity this July to host a series of ReStore Pop-Up Donation Stations at several of our office locations.

These donation events make it easy for you to give back by donating gently used home items that can help local families achieve the dream of homeownership.

Where and When to Donate

ReStore Donation Stations will be set up at the following Wallace offices from 10:00 AM to 6:00 PM:

  • July 11–12 – Wallace Farragut (10815 Kingston Pike)
  • July 18–19 – Wallace West (106 N. Peters Road)
  • July 25–26 – Wallace North (3009 Tazewell Pike)

ReStore staff will be on-site to help unload items and provide donation receipts.

Why It Matters

When you donate to the ReStore, you’re helping Knoxville Habitat for Humanity build affordable homes for families in our community. Every donation supports their mission to create strength, stability, and self-reliance through shelter. You’re also helping reduce waste by keeping usable items out of landfills.

As Wallace COO Claudia Stallings shared, “Habitat’s mission aligns beautifully with who we are at Wallace. We believe that everyone deserves a place to call home, and this partnership gives our agents and clients a way to actively support that vision in a tangible, local way.”

What to Donate

ReStore accepts a wide variety of gently used items, including:

  • Furniture
  • Appliances
  • Lighting
  • Home décor
  • Tools
  • Cabinets
  • Building materials

Before you load up your car, be sure to check the full list of acceptable items on the Knoxville Habitat ReStore website or call (865) 690-4214 for more information.

Help Us Spread the Word

Whether you’re donating a single item or a full truckload, your contribution makes a difference. And if you can’t donate this time, help us by spreading the word to your friends and neighbors. Together, we can build something truly meaningful.

We hope to see you at one of our Wallace ReStore Pop-Up Donation Stations this July!

Luxury Spotlight July 6, 2025

Wallace Luxury Spotlight | 457 Smith Road Clinton, TN 37716

Your Private Tennessee Estate on 81 Acres of Possibility

Tucked away on eighty-one scenic acres in East Tennessee, this extraordinary property offers the perfect blend of refined comfort and wide-open potential. Whether you’re dreaming of a private retreat, a working farm, or simply space to breathe, this home is ready to meet the moment.

At the heart of the property is an expansive, upscale farmhouse with timeless style and a stunning hilltop backdrop. The covered front porch calls for a porch swing and long conversations, while the covered back porch offers peaceful views of the inviting in-ground pool—ideal for relaxing or entertaining.

Step inside and you’ll find generous living spaces, tall ceilings, and warm hardwood floors. Just off the entry is a dedicated home office, along with a music room or formal dining space, depending on your needs. The kitchen is a chef’s dream with a gas stove, wine storage area, walk-in pantry, and a substantial island offering both workspace and seating.

This thoughtfully designed home also includes:

  • Geo-thermal heating system for energy efficiency
  • Backup generator for added peace of mind
  • Walk-in closets and extra storage throughout
  • Mudroom and convenient laundry chute
  • Built-in shelving for both function and charm
  • A main-level 3-car garage, plus additional garage space in the basement
  • Xfinity TV and Wi-Fi access

The land itself is a rare find—81 acres of flat and rolling terrain, with a creek running through and a recorded Greenbelt application already in place. The property offers opportunities for hay production, crops, or livestock. An older outbuilding is currently being used for storage, adding even more utility.

Though it feels like a world of your own, the location is just a short drive to Oak Ridge and Clinton, combining the best of rural tranquility with convenient access to town.

Listed by Sally Sparks – Wallace Real Estate Lakeside Office | Click here for more information.

Luxury Spotlight July 6, 2025

Wallace Luxury Spotlight | 132 David Road Clinton, TN 37716

Classic Charm Meets Modern Comfort on Nearly 4 Acres

Welcome to a property that truly has it all—beauty, space, and flexibility. Set on 3.94 level, meticulously manicured acres, this timeless farmhouse-style home blends classic Victorian architecture with the modern features today’s homeowners crave.

From the moment you arrive, the wide wraparound porch invites you to slow down and savor the setting. Mornings feel sweeter here, with coffee in hand and views of your private grounds. Afternoons are made for relaxing by the pool and hot tub, while evenings are best spent in the cozy sunroom, where a fireplace casts a warm glow as the sun sets across the landscape.

Inside, the home is filled with thoughtful touches—from soaring ceilings to rich wood finishes that add warmth and character. The chef’s kitchen is fully equipped with high-end appliances, including a Wolf range and Sub-Zero refrigerator, along with ample counter space for meal prep or entertaining.

The main-level primary suite offers a quiet retreat with ultimate convenience, while two additional bedrooms and a full bath are tucked upstairs.

Need room for guests, teens, or multigenerational living? You’ll find nearly 1,000 square feet of additional living space in the apartment above the detached three-car garage. Complete with its own kitchen and dining area, living room, bedroom, and bath, it’s ideal for extended stays or long-term use.

This property also includes:

  • A dedicated home office with built-in shelving
  • A secure safe room
  • A separate pool storage room
  • An outdoor kitchen and bath, perfect for entertaining
  • A brand-new pool liner
  • A $35,000 roof replacement, just completed

Every inch of this home has been designed for comfort, flexibility, and enjoyment—indoors and out.

Listed by Debbie Yankey – Wallace Real Estate Farragut Office | Click here for more information

Lifestyle July 5, 2025

Explore the Great Outdoors in East Tennessee

 

Whether you’re new to the area or a lifelong local, East Tennessee is filled with outdoor gems waiting to be discovered. From scenic nature trails to family-friendly splash pads, there’s something for everyone—right here in our own backyard. Here are a few of our favorite spots to explore this season:

🌿 Ijams Nature Center – A Knoxville favorite, Ijams offers over 300 acres of natural beauty, with hiking and biking trails, climbing areas, paddleboarding, and wildlife viewing. It’s a perfect place to reconnect with nature—just minutes from downtown.

💧 Augusta Quarry at Fort Dickerson Park – Recently reopened, this hidden treasure is nestled inside one of Knoxville’s Civil War-era forts. The turquoise waters of Augusta Quarry are a stunning backdrop for a hike, paddle, or peaceful picnic.

🌅 Aspire Park – Clinton, TN – This brand-new addition to the region features scenic overlooks, walking paths, and a unique terraced design built into a former mining site. Aspire Park is a great destination for a weekend adventure just a short drive from Knoxville.

🌺 UT Gardens – Located on the University of Tennessee’s agricultural campus, this free and ever-changing botanical garden is open daily. It’s a beautiful spot for a leisurely stroll, photo ops, or simply soaking in the season’s colors.

🐦 Seven Islands State Birding Park – A haven for bird watchers and nature lovers, this 400-acre park along the French Broad River is home to more than 200 species of birds. Wide trails make it easy to explore on foot or bike.

💦 McFee Park – Farragut – A must-visit for anyone who needs to cool off, McFee Park features one of the area’s best splash pads, along with playgrounds, trails, and plenty of open space to run and play.

No matter your pace or interest, there’s an outdoor escape nearby to match. As your local real estate expert, I understand the market as well as the lifestyle. Living in East Tennessee means having natural beauty and outdoor adventure around every corner.

Thinking about planting roots in a place that offers more fresh air, more fun, and more community? Let us help you find the perfect home base for your next adventure.