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Wallace Luxury Spotlight | 3712 Tilda Hilltop Way Sevierville, TN 37862
Experience the Ultimate Mountain Getaway at “Splashing Heavenly Retreat” in Wears Valley, Tennessee
Nestled in the heart of Wears Valley, Tennessee, “Splashing Heavenly Retreat” offers breathtaking views of the Great Smoky Mountains and an unparalleled luxury cabin experience. This stunning three-level cabin is more than just a vacation home; it’s a serene escape designed for relaxation, entertainment, and unforgettable memories.
As you enter the cabin on the top floor, you’re welcomed by an expansive open-concept floor plan with soaring high ceilings that perfectly complement the stunning mountain views. The great room, designed for both comfort and style, seamlessly flows into the gourmet kitchen, which is fully equipped with two refrigerators and two large dining tables—perfect for hosting large gatherings. Step out onto the massive covered deck and soak in the panoramic views of the Smoky Mountains, an ideal spot for morning coffee or evening relaxation.
“Splashing Heavenly Retreat” features six spacious bedroom suites, each designed with comfort and privacy in mind. The top floor features two king suites, while the second level offers three more king suites and a queen bunk bed suite. Each suite is thoughtfully appointed, ensuring that every guest enjoys a restful stay. The second level also includes another large covered deck, offering more opportunities to take in the breathtaking mountain scenery.
The third level of this magnificent cabin is where the fun begins. Whether you’re in the mood for a game of air hockey, pool, or a classic arcade game, the game room has something for everyone. The theater room is perfect for movie nights, providing a true cinematic experience in the comfort of your own home. The indoor inground swimming pool offers year-round enjoyment, and the large hot tub on the covered deck is the perfect place to unwind after a day of exploring the Smokies.
Conveniently located just 10 minutes from Pigeon Forge and 15 minutes from Gatlinburg, “Splashing Heavenly Retreat” offers easy access to all the best attractions the area has to offer, including Dollywood, The Island, and the Foothills Parkway. Whether you’re dining out at one of the nearby restaurants or exploring the natural beauty of the Smokies, this cabin provides the perfect home base for all your adventures.
“Splashing Heavenly Retreat” currently sleeps 30 guests, making it an ideal investment property or the ultimate family getaway. The cabin also features a 13D residential sprinkler system for added safety. Recent updates include a new TV in the living room, new bean bags, a new air hockey table, and new quilt sets on all beds, ensuring that this cabin is ready to welcome its new owners or guests.
As an added bonus, the seller is offering a $5,000 credit toward closing costs, concessions, repairs, or updates. Don’t miss the chance to own this spectacular cabin with breathtaking views and endless amenities.
Schedule your showing today and experience the luxury and tranquility of “Splashing Heavenly Retreat.”
Listed by Hali Combs Whaley, Wallace Real Estate, Bearden Office — Click here for more information!
Wallace Luxury Spotlight | 109 Red Grouse Drive Lenoir City, TN 37772
Live the Lake Life in Conkinnon Pointe: Executive Home with Lake Access
Welcome to your dream home in the prestigious lakefront community of Conkinnon Pointe, where luxury living meets the tranquility of nature. This executive residence offers unparalleled elegance, comfort, and the perfect setting for a serene lifestyle by the lake.
Enter a world of sophistication when you arrive in the two-story living room, featuring a stunning stacked stone fireplace that serves as the focal point of the space. The soaring ceilings and expansive windows fill the room with natural light, creating a warm and inviting atmosphere perfect for both relaxing and entertaining.
The pristine white kitchen is a chef’s delight, equipped with stainless steel appliances and designed with both style and functionality in mind. Whether you’re preparing a casual meal or hosting a dinner party, this kitchen is sure to impress. Just off the kitchen, the sunroom offers a peaceful retreat where you can enjoy your morning coffee while soaking in the beauty of your surroundings.
The owner’s suite, conveniently located on the main level, provides a private sanctuary with direct access to the exceptional deck. As you go outside, you’ll discover a true outdoor oasis, complete with a hot tub for relaxing evenings and a private flower garden that blooms with color and life. The backyard is a haven for wildlife, with turkeys and deer often making appearances as they escape to the adjoining woods.
Upstairs, you’ll find ample bedrooms, a recreation room, and two full baths, offering plenty of space for family and guests. Whether you need extra room for a home office, a playroom, or a guest suite, this home has the flexibility to meet your needs.
Living in Conkinnon Pointe means enjoying the best of lakefront living. The community offers a communal boat ramp and dock, providing easy access to the water for boating, kayaking, and paddleboarding. Additionally, there is gated boat storage available on a first-come, first-served basis, ensuring that your watercraft is always ready for your next adventure.
This exceptional home exceeds all expectations, offering a perfect blend of luxury, comfort, and natural beauty. Come live the lake life in Conkinnon Pointe and experience the lifestyle you’ve always dreamed of. Schedule your showing today and make this stunning executive home your own!
Listed by Summer Munyon, Wallace Real Estate, Farragut Office. Click here for more information!
Wallace Luxury Spotlight | 1720 Cades Cove Road Knoxville, TN 37922
Experience Modern Luxury and Rustic Charm in This Stunning Loft at Beau Monde Community
Welcome to a truly exceptional loft in the sought-after Beau Monde Community at Northshore Town Center. This 3-year-old gem combines modern luxury with rustic charm, offering a thoughtfully upgraded living space that exudes style and comfort. Whether you’re a first-time buyer, looking to downsize, or seeking a unique property with character, this loft has everything you need and more.
From the moment you enter, you’ll be captivated by the open floor plan that seamlessly connects the gathering room and gourmet kitchen. Wide plank flooring runs throughout the space, adding warmth and continuity, while custom wood beam ceilings create a cozy, inviting atmosphere. The gourmet kitchen is a chef’s dream, boasting top-of-the-line appliances, elegant finishes, and ample space for culinary creations.
This loft has been meticulously upgraded with high-quality fixtures and finishes. The downstairs half bath showcases a stylish vanity, mirror, and light fixture, all sourced from Restoration Hardware. The upgraded light fixtures throughout the loft not only illuminate the space beautifully but also add a touch of elegance to every room.
The primary suite is a retreat in every sense, offering a spacious walk-in closet with custom shelving designed for optimal organization. Every window in the loft is adorned with custom treatments from Pottery Barn, adding a layer of sophistication and privacy to each room. Even the laundry area has been given special attention, hidden behind a custom barn door that blends practicality with rustic charm.
For those who love to entertain, the loft is equipped with a state-of-the-art Sonos sound system, ensuring high-quality audio throughout the home. The rooftop is an entertainer’s paradise, featuring an oversized patio with a covered area, perfect for year-round enjoyment. Whether you’re hosting a gathering or simply relaxing under the stars, this outdoor space offers endless possibilities.
The carport area includes an additional custom closet, providing ample storage space for all your needs. Every detail in this stunning unit has been carefully considered to enhance your living experience.
This beautiful loft in the Beau Monde Community offers a unique blend of modern luxury and rustic charm. Don’t miss the chance to make it your own. Schedule a showing today and experience all that this incredible property has to offer!
Listed by Margot Dunn, Wallace Real Estate, Wallace West Office. Click here for more information!
Wallace Luxury Spotlight | 5419 Cove Island Road Knoxville, TN 37919
Fall in Love with this Exquisite Home by Jones Bros.
Prepare to be captivated by this stunning property, masterfully crafted by the renowned Jones Bros. Nestled on a large corner lot with mature trees and ample space for outdoor activities, this home offers a perfect blend of elegance, comfort, and functionality. Whether you’re an avid entertainer or someone who appreciates fine craftsmanship, this home is sure to exceed your expectations.
The heart of this home is the updated kitchen, a true masterpiece with white quartz countertops that exude modern sophistication. Equipped with new, top-of-the-line appliances and a spacious walk-in pantry, this kitchen is designed for both cooking and entertaining. The adjoining breakfast area is bathed in natural light, providing a cheerful space to start your day.
The main floor is an entertainer’s dream, offering a variety of spaces to suit any occasion. Enjoy formal gatherings in the elegant dining room, or transform the formal living room into a stylish office. The spacious den features a cozy wood-burning fireplace with a gas starter, perfect for relaxing evenings at home. Just in time for fall, step out onto the massive screened-in porch off the kitchen—a perfect spot for enjoying crisp autumn air or hosting a gathering with friends and family.
Upstairs, you’ll find four generously sized bedrooms, each designed with comfort in mind. The primary suite offers a serene retreat with ample space and an ensuite bathroom. Two additional full baths and a large bonus/flex room provide plenty of room for everyone to enjoy their own space.
But the possibilities don’t end there! The unfinished third floor, currently used for storage, offers incredible potential to create your dream space. Whether you envision a media room, home gym, playroom, or craft room, this area is a blank canvas waiting for your personal touch.
This home is not just about beauty and comfort—it also offers practical features that enhance everyday living. The 3-car garage comes equipped with an EV charger, making it easy to power your electric vehicle. An irrigation system keeps the lawn lush and green, while the tall crawl space provides additional storage options.
Don’t miss the opportunity to make this extraordinary property your own. With its perfect blend of luxury, functionality, and charm, this home is ready to welcome you. Schedule your showing today and fall in love with all that this Jones Bros. masterpiece has to offer!
Listed by Jennine Smith – Wallace Real Estate West Office – Click here for more info!
Navigating the July 2024 Real Estate Market: A Snapshot
July 2024 East Tennessee Real Estate Market Update: A Steady, Resilient Market
As we reach the height of summer, the East Tennessee real estate market continues to demonstrate its resilience and adaptability. With the July statistics now in, we can see how the market is evolving in response to current conditions.
Here’s a closer look at the key trends and what they mean for both buyers and sellers in our region.
New Listings: Seller Confidence Returns
July saw a notable increase in new listings compared to the same time last year, bringing us back in line with 2022’s activity levels. This uptick suggests that sellers are gaining confidence despite higher interest rates. The “lock-in” effect, where homeowners were reluctant to sell due to previously secured low-interest rates, seems to be loosening. As sellers acclimate to the new normal, they are taking action and listing their homes, contributing to a more balanced market.
Active Listings: A Welcome Boost for Buyers
The number of active listings continues to rise, offering more choices for buyers. While we haven’t yet reached the inventory levels of 2019, which many consider the last “normal” year, the increase in available homes is a positive sign. For buyers, this means more options and potentially less competition than in recent years, creating a more favorable environment for making purchasing decisions.
Sales Pending: Steady Momentum
In July, we saw a slight increase in homes going under contract compared to the same period last year. This is reminiscent of the bustling market of 2022, even if the pace feels slower compared to the Covid years, when the market was extraordinarily active. The steady momentum in pending sales indicates that buyer demand remains strong, even as the market normalizes.
Closed Units: Transactions Continue Despite Rate Challenges
The number of closed transactions also exceeded last July’s figures, showing that despite the challenges posed by higher interest rates, the need for real estate transactions persists. Last year, there was hope that rates might drop, causing some buyers to hesitate. However, with no significant rate relief in sight, life moves forward, and buyers are proceeding with their plans.
Months of Supply: Demand Remains Strong
The months of supply in July reached a peak for the year, yet we remain below the six-month mark that indicates a balanced market. With less than five months of supply, it’s clear that demand for homes is both organic and steady. Homes continue to sell quickly, underscoring the ongoing vitality of the East Tennessee market.
Median Sales Price: Record-Breaking Year
As demand holds strong, median sales prices continue to set new records month over month. So far, 2024 is on track to be the year with the highest median sales price in MLS history. This trend highlights the sustained value of real estate in East Tennessee, making it a robust investment for both current and prospective homeowners.
Average Days on Market: A Return to Normalcy
The average days on market (DOM) sits comfortably in the middle of the spectrum. While homes aren’t selling within hours as they did during the peak years of 2021 and 2022, the pace is only slightly slower than last year. With a bit more inventory available, buyers have more time to make informed decisions, contributing to a healthier market dynamic.
Conclusion: A Market to Watch
Overall, the July 2024 market statistics reflect a resilient East Tennessee real estate market that is adjusting to current conditions with poise. For agents, these trends offer a wealth of opportunities to guide clients through the buying and selling process with confidence. Whether you’re working with first-time buyers, seasoned investors, or homeowners looking to make a move, this market continues to present valuable opportunities for all.
As always, staying informed about these trends allows us to provide the best possible service to our clients. Let’s keep the momentum going as we move through the second half of the year!
Benefits of Working with a Buyer’s Agent
Purchasing a home is one of the most significant investments you’ll ever make, and having the right support can make all the difference. At Wallace Real Estate, we believe that working with a buyer’s agent is crucial to ensuring a smooth and successful home-buying experience.
Here are the top 10 benefits of having a buyer’s agent by your side.
1. Professional Guidance: A buyer’s agent provides expert guidance throughout the buying process. They help you understand each step, from viewing properties to closing the deal, ensuring you make informed decisions.
2. Access to Qualified Listings: Buyer’s agents have access to a wider range of property listings, including those that may not be publicly advertised. This gives you a better chance of finding the perfect home that meets your criteria.
3. Expert Negotiation Skills: Negotiating a home purchase can be challenging, especially in a competitive market. Buyer’s agents are skilled negotiators who work to get you the best possible deal, handling all communication with the seller’s agent and ensuring your interests are protected.
4. Efficient Process Management: A buyer’s agent coordinates the various aspects of the transaction, such as scheduling inspections, appraisals, and handling paperwork. Their experience ensures that these tasks are managed efficiently, reducing delays and complications.
5. In-Depth Market Knowledge: Buyer’s agents provide valuable insights into market conditions and property values, helping you make competitive and informed offers. They ensure you understand the true worth of a property and avoid overpaying.
6. Stress Reduction: The home-buying process can be stressful. A buyer’s agent takes on many of the responsibilities and challenges, allowing you to focus on finding your dream home without being overwhelmed by the details.
7. Legal and Contractual Expertise: Buyer’s agents ensure that all legal and contractual obligations are met. They help you navigate complex paperwork and compliance issues, minimizing the risk of legal problems down the line.
8. Network of Professionals: Agents have established relationships with a network of professionals, including inspectors, appraisers, and contractors. This network can be invaluable in addressing any issues that arise during the home-buying process quickly and efficiently.
9. Objective Evaluation: A buyer’s agent provides an objective perspective when evaluating properties. They help you see the potential and pitfalls of each property, ensuring you make a well-informed decision based on facts rather than emotions.
10. Personalized Service: Buyer’s agents are dedicated to understanding your unique needs and preferences. They work exclusively for you, tailoring their services to help you find a home that perfectly matches your requirements and lifestyle.
In conclusion, working with a buyer’s agent offers numerous advantages that can greatly enhance your home-buying experience. At Wallace Real Estate, we are committed to providing you with the expert support and guidance you need to find and purchase your dream home. If you’re ready to start your home search, let’s connect!
Wallace Luxury Spotlight | 505 Wilder Avenue Monterey, TN 38574
Welcome to your dream property, featuring a spacious 3-bedroom, 2.5-bathroom home nestled on 8+ picturesque acres. This unique property offers a blend of comfortable living and exceptional amenities, including a newly built 30×60 shop that’s perfect for any hobbyist.
The main house exudes charm and comfort with hardwood and tile flooring throughout, a beautifully renovated kitchen with refinished cabinets, a modern faucet, and above-cabinet lighting. The living areas and bedrooms have been freshly painted, creating a bright and inviting atmosphere.
The poly-sealed garage and hot tub room floors add to the home’s functionality, while the recently resealed deck provides a fresh and inviting outdoor space, perfect for gatherings around the cozy fire pit. For added convenience, there is a hidden ironing station, ensuring that household chores are easily managed.
Recent updates to the home include new plumbing valves and access panels in both bathrooms & new fans, new plastic and insulation installed under the primary bedroom, closet, and bath, and interior outlets equipped with insulators for added efficiency.
The newly built 30×60 shop is a standout feature, equipped with two street-side roll-up doors and an additional roll-up door near the guest house. The shop’s interior is designed for versatility, with spray foam insulation in the walls, blow-in insulation in the ceiling, five opening windows, and in the floor power outlets approximately every six feet. The shop has two locations to provide industrial air supply with the source of the air being located in a separate attached lockable room to reduce nuisance noise within the shop. Metal-finished walls minimize damage, and a roll-up door separates the finished side from the open-framed side. The shop is also equipped with 240-volt power to accommodate a welder, gutters with underground piping to direct water away from the building, and two 50-amp RV plug-ins. There is ample RV parking along the north side and in front of the shop.
The guest house features a half bath and additional sink in the main area, a recently resealed deck, freshly repainted interior, and lower siding that matches the shop, providing a cohesive look. The property’s exterior features include fruit trees (apple, pear, peach) and a dedicated garden area, blending nature with functionality.
Behind the house, the pond, complete with a dam at the far end for easy maintenance, is stocked with bass and sunfish, making it an ideal spot for leisurely fishing or enjoying the serene surroundings. For added security, the property is equipped with cameras around the exterior of the house, ready to be utilized.
Conveniently located, this property is perfectly situated near many larger cities, with Cookeville just 20 minutes away and Crossville 24 minutes away. Additionally, it is only 1 hour and 15 minutes from the Nashville International Airport, making travel easy and accessible. This property offers an exceptional blend of comfort, convenience, and functionality.
Whether you’re looking for a serene country retreat or a versatile space to pursue your passions, this home has it all. Schedule a showing today and experience the endless possibilities this unique property has to offer!
Wallace Luxury Spotlight | 6901 Alden Glen Way Knoxville, TN 37919
Wallace Luxury Spotlight | 8422 S Northshore Drive Knoxville, TN 37919
Welcome to a world of unparalleled luxury and sophistication in this stunning 2023 Craftsman-style home, located in the highly desirable Rocky Hill area. This exquisite residence, situated on a spacious 1+ acre lot along Northshore, offers an impressive 4,387 sq ft of living space, with 2,899 sq ft on the main level. Designed with meticulous attention to detail, this home perfectly blends modern comfort with timeless elegance.
Elegant and Spacious Living
When you first enter the grand living space, you’ll definitely want to take note of the elegant hardwood floors and spacious, open floor plan that exudes sophistication. The main floor is thoughtfully designed for convenience and comfort, housing the primary suite, two additional bedrooms, an office, a laundry room, and a garage. Each room is designed to provide a seamless living experience, ensuring every aspect of your lifestyle is catered to.
Gourmet Kitchen and Entertaining Spaces
The gourmet kitchen is a chef’s dream, equipped with high-end appliances and ample space for both cooking and entertaining. Whether you’re preparing a family meal or hosting a dinner party, this kitchen offers everything you need. The large covered back porch provides a perfect setting for relaxation or entertaining, allowing you to enjoy the beautiful outdoors in comfort and style.
Superior Quality and Comfort
This home is enhanced with spray foam insulation for exceptional quietness and energy efficiency. The tankless water heater ensures instant hot water, adding to the home’s convenience and luxury. Every detail, from the elegant hardwood floors to the high-quality fixtures, has been carefully selected to provide the utmost in comfort and style.
Additional Features and Amenities
- Circular Driveway: Easy access and additional parking
- Large Fenced Yard: Perfect for outdoor activities and pets
- Professional Landscaping: Adds to the home’s curb appeal and beauty
- Prime Location: Close to shopping, the airport, the University of Tennessee, and numerous dining options, all within 10 miles
- No HOA and County Taxes Only: Offers financial benefits and flexibility
A Personal Touch
The sellers, who are sadly relocating out of state, have truly loved this home and the area. Their unfortunate need to move is your gain, offering you the chance to own a nearly new, meticulously maintained home in a fantastic location.
Your Dream Home Awaits
Don’t miss the opportunity to experience luxury, convenience, and tranquility in Rocky Hill. Schedule your tour today and discover all that this stunning Craftsman-style home has to offer.
Listed by Caroline Badgett – The Agents Who Care – Wallace Real Estate Farragut Office – Click here for more info!
Wallace Luxury Spotlight | 139 Ccc Camp Road NORRIS, TN 37828
Discover the perfect blend of luxury and serenity in this stunning custom-built home nestled on 2.34 acres in Norris. Tucked away on a peaceful lane, this exquisite property offers a harmonious balance of elegant design and tranquil country living.
A Grand Entrance and Living Space
Step into a world of sophistication as you enter this beautifully crafted home. The main level features a spacious living area with cathedral ceilings, elegant shelving, and a cozy gas fireplace, all bathed in natural light. The open-concept kitchen, dining, and living areas flow seamlessly, creating an inviting space ideal for entertaining guests or enjoying family time.
Luxurious Bedrooms and Private Retreats
This home boasts three bedrooms on the main level, each with its own ensuite bathroom, ensuring comfort and privacy for all family members and guests. The primary suite is a true retreat, featuring cathedral ceilings, a private balcony, a luxurious soaking tub, and a large walk-in shower, providing the ultimate sanctuary.
Outdoor Oasis
The charm of this property extends beyond its interior. A wrap-around front porch and large covered back patio offer serene spots to relax and take in the peaceful surroundings. The backyard is a true oasis, complete with an inground pool, perfect for summer gatherings and leisurely afternoons.
Additional Features and Amenities
A large bonus room upstairs provides endless possibilities and would make a fantastic home theatre. The yard is completely fenced, and there is even a tiled bath in the garage for your furry friends. Extra storage is plentiful, including an additional garage that could serve as a workshop.
Prime Location
Located just 8 minutes from Norris Dam Marina, this home offers easy access to boating and water activities, making it ideal for those who love outdoor adventures. This property is perfect for those who appreciate fine craftsmanship, attention to detail, and the best of country living with luxury and convenience.
Your Dream Home Awaits
Don’t miss the opportunity to own this extraordinary custom-built home in Norris. Experience the perfect blend of luxury, tranquility, and convenience. Schedule your tour today and discover the unparalleled beauty and elegance this home has to offer.
Listed by Leslie Kennedy – Wallace Real Estate Lakeside Office – Click here for more info!
