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Wallace Luxury Spotlight | 1706 W Ski View Drive Sevierville, TN 37876
Luxurious 2023-Built Mountain Retreat: A Smoky Mountain Escape
Nestled in the heart of the Smoky Mountains, this newly built architectural gem offers a harmonious blend of luxury and functionality. Completed in 2023, this remarkable property is designed to embrace its serene mountain surroundings while providing all the modern comforts for relaxation and entertainment. Located just 20 minutes from Gatlinburg, Pigeon Forge, and Dollywood, it’s the perfect retreat for full-time living, vacationing, or investment.
This stunning retreat boasts wraparound decking on two levels, complete with covered porches that invite year-round enjoyment of the breathtaking mountain views. Floor-to-ceiling windows flood the interior with natural light, creating a warm and inviting atmosphere. The home’s architectural details and open-concept layout are thoughtfully designed for seamless indoor-outdoor living.
Every aspect of this property has been curated with luxury and comfort in mind. Outside, enjoy a cozy fire pit, a dedicated entertainment area, and a relaxing Jacuzzi tub—all ideal for entertaining or unwinding after a day of exploring the Smokies. Inside, soaring cathedral ceilings and custom walk-in showers elevate the home’s appeal. Fully furnished and turnkey, the property is ready for immediate enjoyment or as a high-performing short-term rental.
The main level of the home is an entertainer’s dream. It features a game room with a pool table, a bunkhouse, and a theater room, ensuring there’s something for everyone. These thoughtfully designed spaces can accommodate up to 16 guests comfortably, making the property perfect for large families or group getaways.
Situated on an oversized lot, this retreat offers privacy and tranquility while remaining conveniently close to popular destinations. With its proximity to Gatlinburg, Pigeon Forge, and Dollywood, the property is ideally located for both personal use and rental potential. Expected revenue ranges between $90,000 and $120,000 annually, making it a rare opportunity for investors.
This mountain retreat represents the ultimate Smoky Mountain lifestyle. Whether you’re looking for a luxurious getaway, a permanent residence, or an investment property, this home is ready to meet your needs. Explore the possibilities and see why this exceptional property stands out in the Smoky Mountain region.
Co-Listed by Brian Shaffer & Dustin Brackins – Wallace Real Estate | Click here to learn more about this property.
Wallace Luxury Spotlight | 624 Elk Falls Lane Knoxville, TN 37922
Wallace Luxury Spotlight | Lot 1 Sawmill Cove Drive Sevierville, TN 37862
Your Dream Mountain Retreat Awaits in the Sevierville/Pigeon Forge Area – New Luxury Construction Finishing Soon!
Imagine coming home to a modern mountain retreat with stunning amenities and space for all. This soon-to-be-completed luxury home, finishing on November 15, 2024, offers the perfect blend of comfort and sophistication. Located just moments from the parkway, you’ll enjoy convenient access to Sevierville, Pigeon Forge, Gatlinburg, and Dollywood, making this property ideal for year-round living, family vacations, or an impressive rental opportunity.
With 4,350 square feet of thoughtfully designed living area, this two-story home features 4 well-appointed bedrooms and 4 full bathrooms, designed to accommodate 16-18 guests comfortably. Perfect for large families or as a vacation rental, this home offers room for everyone to relax and enjoy.
Create unforgettable memories with your private theater room, ideal for movie nights and gatherings. An indoor pool provides the ultimate year-round luxury, allowing you to enjoy a swim in any season.
The oversized kitchen is a chef’s dream, with modern appliances, abundant counter space, and a spacious layout perfect for cooking and entertaining. Every detail is designed to make mealtime a joy, whether you’re cooking for family or hosting guests.
The main living area centers around a cozy fireplace, creating an inviting ambiance that encourages relaxation. With open-concept design and stylish finishes, this space is perfect for gathering together after a day of mountain adventures.
Bordered by a serene creek, the subdivision offers peaceful outdoor experiences with beautiful views and walking trails, allowing you to embrace the tranquility of nature from your own backyard.
Constructed with durable hand-hewn concrete siding, this home combines rustic mountain aesthetics with low-maintenance durability, ensuring it will look beautiful for years to come.
This exceptional property combines luxury and convenience with the charm of the Smoky Mountains. Don’t miss your chance to make this dream home your own and experience all that this incredible area has to offer!
Listed by The Shaffer Team (Brian & April Shaffer) – Click here for more information!
Wallace Luxury Spotlight | 2704 Tallgrass Lane Knoxville, TN 37923
Discover Modern Comfort in Hardin Valley: Your Ideal Basement Ranch Home
Welcome to a beautiful blend of style, comfort, and convenience in the heart of Hardin Valley! Built in 2018, this meticulously maintained basement ranch home offers approximately 4,000 square feet of thoughtfully designed living space. With four bedrooms and three bathrooms, it’s the ideal setup for entertaining guests, gathering with family, or simply enjoying a quiet retreat.
The main floor features an open-concept kitchen that flows into a cozy living room, creating a central gathering space where everyone can feel at home. The layout is perfect for hosting, with the kitchen’s functional design making it easy to entertain, while the living room offers a comfortable space for relaxation. From meal prep to movie nights, this home is designed to bring people together.
Downstairs, the walk-out basement offers even more room to enjoy. It’s ideal for hosting guests, game nights, or creating a recreational space for the family—complete with a pool table to keep the fun going. The additional living space also opens up opportunities for a home office, gym, or even a private guest suite.
Take advantage of Tennessee’s beautiful weather with both a deck and a patio, perfect for outdoor dining, morning coffee, or relaxing evenings. Surrounded by scenic views, these outdoor areas make it easy to unwind and enjoy the best of outdoor living.
Situated in the highly desirable Hardin Valley area, this home is close to excellent schools, Pellissippi Community College, and provides convenient access to Pellissippi Parkway for quick commuting. It’s the perfect balance of a peaceful neighborhood setting and easy access to city amenities.
Every corner of this home exudes modern charm, from the stylish bathrooms to the thoughtful details that make it a truly special find. Designed to be both beautiful and functional, this property is move-in ready and prepared to welcome its new owners.
With its spacious layout, stylish finishes, and unbeatable location, this Hardin Valley gem is the perfect place to call home. Don’t miss out on making this exceptional property yours—schedule a tour and experience all that this stunning modern ranch has to offer!
This property is listed by Beech Signature Homes | Click here for more detailed information.
Wallace Luxury Spotlight | 214 Cheeyo Trace Loudon, TN 37774
Design Your Dream Home with Eminent Construction: A Customizable Luxury Living Experience
Imagine the joy of personalizing a brand-new home to your taste and style. There’s still time to make this dream a reality with Eminent Construction’s latest offering. Nestled in a serene community and thoughtfully designed, this beautiful property combines functionality, luxury, and high-quality craftsmanship for the ultimate in comfortable living.
Main Level: A Blend of Elegance and Functionality
The main level of this open-concept home is designed for both convenience and elegance. With three spacious bedrooms, a dining room, and a welcoming great room, this level offers plenty of space for family and friends. The well-equipped kitchen shines with quartz countertops, painted shaker cabinets, stainless steel appliances, and a 36-inch gas range. A tiled backsplash and tile floors add a touch of sophistication, while a screened porch and open deck—both constructed with durable composite decking—create inviting outdoor spaces to enjoy.
Lower Level: Additional Living Space and Storage
For those looking for extra room to relax, the lower level offers a second living or recreational area, along with a fourth bedroom and full bathroom. This level also includes a generous 700+ square feet of unfinished storage, perfect for those with an eye for organization or future expansion.
Luxurious Details and High-Quality Finishes
Every corner of this home reflects thoughtful, high-quality design choices. Tiled showers, custom shelving, a cozy gas fireplace, and luxury vinyl plank flooring lend a warm yet refined touch. Other custom features include a tray ceiling in the primary suite, front eave lighting, and wiring for both an EV charger and a generator transfer switch, ensuring your home is as functional as it is beautiful.
A Private, Spacious Backyard
The backyard is a true retreat, with a level, private space that borders a common area, offering both privacy and room for outdoor fun. Whether you envision a garden, a play area, or simply a peaceful spot to unwind, this backyard has the versatility to meet your needs.
Why Choose Eminent Construction?
As a preferred builder in Tellico Village, Eminent Construction is known for their attention to detail, quality materials, and commitment to creating beautiful, enduring homes. This home is no exception, designed to be both stylish and practical, with each detail carefully chosen to enhance your living experience.
This property offers a unique opportunity to make your mark on a luxurious home and enjoy a community designed for relaxation and outdoor enjoyment. Don’t miss your chance to be a part of this exclusive neighborhood—contact us today to explore customization options and discover all this stunning home has to offer! *Please note: buyers are responsible for verifying all information, and property taxes will be updated upon completion.*
Listed by Dawn Walsh – The Agents Who Care – Wallace Farragut Office | Click here for more detailed information.
October 2024 Real Estate Market Update: What You Need to Know
October brought a balanced and active market across East Tennessee, with steady trends in both the general residential and luxury home sectors. Wallace Real Estate COO Claudia Stallings’ monthly market review offers a detailed look at how the real estate market performed, shedding light on the region’s continued appeal for both everyday homeowners and luxury buyers alike.
Steady Sales and Growth in Residential Real Estate – The October numbers show that East Tennessee’s residential real estate market held steady, with *1,529 homes sold* across the region—almost exactly in line with sales from last October. This consistency points to a stable demand, which has been a theme throughout the year.
Prices in the area continued a gradual upward trend, with the median sales price reaching $374,400. This slow but steady increase highlights East Tennessee’s value as a market where homebuyers can experience long-term appreciation while enjoying an affordable cost of living.
New listings came in at 2,301, showing a stable supply month over month. Buyers and sellers alike have benefitted from this balance, with homes spending an average of 41 days on the market. This indicates a reasonable pace that allows buyers to explore their options without causing prolonged inventory buildup—a win-win situation for everyone involved.
Spotlight on the Luxury Market
The luxury home sector, defined as properties priced at $650,000 or higher, saw strong performance as well. *259 high-end properties* found new owners in October, and a closer look reveals healthy activity across various price ranges:
– $650,000 to $799,999: 109 homes sold
– $800,000 to $999,999: 66 homes sold
– $1,000,000+: 73 homes sold
For luxury listings, the average days on the market varied slightly across price points. Homes in the $650,000 to $799,999 range averaged 48 days, while properties priced between $800,000 and $999,999 took a bit longer at 58 days. Homes priced at $1,000,000 and above settled in the middle, with an average of 51 days on the market. This range reflects a slight increase in market time for higher-end properties, but still within a reasonable timeframe.
List Price to Sales Price Ratios and Luxury Hotspots
A strong indicator of demand and value retention, the list price-to-sales price ratio remained robust across luxury tiers. Homes in the $650,000 to $799,999 range sold for 98% of their list price, while those in the $800,000 to $999,999 range came in at 97%. Properties over $1,000,000 saw a slight dip but still held at 96% of their list price, showcasing the sustained desirability of these high-end offerings.
In terms of luxury activity, these zip codes rank at the top:
– 37922 (Knoxville): 25 sales
– 37934 (Farragut): 22 sales
– 37774 (Loudon): 21 sales
These neighborhoods continue to attract interest from buyers seeking upscale living options with the charm and natural beauty of East Tennessee.
Wallace Real Estate’s Luxury Listings
With 70 luxury listings currently available, Wallace Real Estate is proud to offer a range of properties for those seeking the best East Tennessee has to offer. From serene mountain retreats to vibrant family neighborhoods, the region has something for everyone looking to invest in a home that truly matches their lifestyle.
Whether you’re interested in exploring East Tennessee’s unique residential or luxury market, our team at Wallace Real Estate is here to help. Stay tuned each month as we track these trends, providing insight and guidance to buyers and sellers navigating today’s dynamic real estate landscape.
*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.
Why the Holiday Season Could Be the Perfect Time to Buy or Sell Your Home
As the holidays approach, many people considering a real estate move find themselves wondering: “Should I wait until after the new year?” While it might seem logical to delay, there are actually several compelling reasons why now could be the ideal time to buy or sell your home. Here’s why embracing the season could benefit you:
1. Less Competition May Mean More Opportunities
-For Buyers: The holiday season tends to have fewer active buyers, which means less competition and less pressure to make a rushed decision. If you’ve been hesitant about bidding wars or missing out on your dream home, now could be the time to find that ideal property without the added stress.
-For Sellers: With fewer homes on the market, your property will stand out more to motivated buyers. The reduced inventory means that serious buyers are likely to give your home the attention it deserves, potentially leading to a faster sale.
2. Motivated Buyers and Sellers
– Buyers and sellers during the holiday season are often highly motivated. Buyers may want to settle in before the new year or even before their children’s next semester of school starts. Similarly, sellers listing their homes at this time of year are usually serious about making a move, which can lead to smoother negotiations and faster closings.
3. Seasonal Appeal and Cozy Atmosphere
– Homes tend to look especially inviting during the holidays. Whether it’s the warm glow of festive lights, a crackling fireplace, or the scent of seasonal decorations, many buyers can picture themselves celebrating the holidays in a new space. This cozy ambiance can help your home feel welcoming and give potential buyers that “right-at-home” feeling.
4. Tax Advantages for Buyers
– Buyers who close before the end of the year may be eligible for certain tax benefits, such as mortgage interest deductions or property tax deductions. This potential tax break can add to the financial appeal of purchasing a home now, helping you save money in the long run.
5. A Strategic Move for the New Year
– Starting the new year in a new home can bring a sense of renewal and excitement. For buyers, it means getting a fresh start in a place that suits your needs. For sellers, it can mean financial flexibility and fewer lingering to-dos, setting the stage for a great start to the new year.
Considering a Holiday Move? Let’s Chat!
If you’re on the fence about buying or selling a home during the holidays, know that the season brings unique advantages that could work in your favor. Whether you’re ready to start your search or simply want to discuss options, We’re here to help guide you every step of the way.
Wallace Luxury Spotlight | 346 Sexton Loop Road Oakdale, TN 37829
Move-In Ready Equestrian Farm with Stunning Views and Exceptional Amenities
Dreaming of a beautiful, turn-key equestrian property? Look no further. This remarkable 35+ acre farm in the historic town of Oakdale, west of Knoxville, has everything needed for comfortable country living and an ideal setup for animal care. The charming Cape Cod home, complete with a wrap-around porch, offers breathtaking views of green pastures, colorful sunrises, and majestic mountains, making every day feel like a retreat.
This well-maintained home is filled with elegant touches, including granite countertops, hickory cabinets, and birch hardwood floors. The spacious master suite provides a relaxing escape, while the attached two-car garage, complete with an in-ground oil/grease pit for vehicle maintenance, adds convenience and functionality. A fully concreted crawlspace provides additional storage and easy access for home maintenance.
For those who appreciate a well-equipped workspace, the property includes a separate 36′ x 48′ garage/workshop, with electricity, two car bays, and a wrap-around porch that mirrors the beauty of the main home. It’s a dream space for projects, hobbies, or additional storage.
Equestrians will appreciate the custom-built 4-stall horse barn, featuring large sliding doors, a wash rack with hot and cold water, LED lighting, and a dedicated feed/tack room. The property also includes a 3-sided horse shelter, chicken coop with a fenced run, and approximately 14 acres of fenced pasture with access to a pond and natural spring, providing plenty of space and resources for animals.
The remaining acreage is wooded, offering a private setting perfect for hunting, with deer and wild turkey sightings being common. Whether you’re looking to enjoy farm life, explore wooded trails, or simply relax in nature’s embrace, this property is ready for you and your animals to enjoy.
This move-in-ready equestrian farm offers the perfect blend of functionality, comfort, and rural charm. With its prime location, scenic views, and ready-to-use amenities, it’s the ideal setup for those looking to dive into country living or expand their equestrian lifestyle. Don’t miss your chance to make this extraordinary property yours!
Listed by Kathi Browne – Wallace Lakeside Office | Click here for more information.
Wallace Luxury Spotlight | 146 County Road 1120 Athens, TN 37303
Wallace Luxury Spotlight | 3207 Louisville Road Louisville, TN 37777
Lakefront Living at Its Finest: A Move-In Ready Gem!
Here’s your chance to own an exceptional lakefront property with unbeatable views and every feature you could want! Just steps away from the lake, this stunning, move-in-ready home offers both comfort and style, plus thoughtful updates and plenty of space for relaxation and entertaining. Here’s what makes this property a dream come true:
From the moment you enter the expansive decks—both front and back—you’ll feel right at home. Recent upgrades include a new roof, new flooring, updated HVAC and ductwork, and a sleek concrete driveway. The kitchen is a chef’s delight, featuring large cabinets that provide ample storage and a perfect setup for hosting. The master bedroom offers a breathtaking lake view to wake up to each day, and an oversized bonus room, accessible via pull-down stairs, provides extra flexibility for your needs.
Adding to the home’s versatility is a newly added apartment over the detached garage, complete with its own elevator! This space is ideal for guests, extended family, or even as a rental opportunity. It’s the perfect balance of privacy and convenience.
For those who love to entertain by the water, the screened-in porch offers the perfect space to enjoy lakefront views while staying protected from the elements. The newly updated two-story dock is perfect for enjoying the lake, whether you’re boating, fishing, or just soaking up the sun. Directly across from Louisville Marina and only five minutes from Pellissippi Parkway, this property combines scenic beauty with convenient access to nearby amenities.
This incredible lakefront home won’t last long—experience the best of lake life with every modern amenity at your fingertips. Don’t miss out on making this piece of paradise your own!
Listed by Bayli Hayes – Wallace West Office | Click here for more information.
