Luxury Spotlight May 25, 2023

Wallace Luxury Spotlight | 4438 Forrest Ridge Drive Louisville, TN 37777

This Wallace Luxury property is nestled on a .96 acre lot with stunning views of Fort Loudon Lake. A spectacular craftsman style home, it offers luxurious features, refinement, comfort and style. The home’s current owners have invested approx. $400k in upgrades with premier builder FE Trainer. This spacious and meticulously-maintained basement ranch is the perfect home for entertaining or simply enjoying everyday life.

The inviting open floor plan features 12ft ceilings in the spacious family room with stone fireplace and built-ins. You’ll love preparing meals in the stunning gourmet kitchen, with marble countertops, custom hood, built-in wine cooler, Thermador gas range, and nugget ”Sonic” ice maker right at your fingertips. Plus, there’s an additional prep sink, commercial-sized refrigerator, refrigerated drawers and a large walk in pantry.

Enjoy each day’s first cup of coffee or tea in the gorgeous breakfast area with fabulous lake views. Also on the main level are a lovely dining area, primary suite, home office, and 2 bedrooms with adjoining double-sink bath.

Feel your stress melt away with a glass of wine at the end of the day on the multi-level deck. The light and airy serene primary suite, with its custom oversized closet, provides easy access to a lovely sitting area with a tree house feel on a private upper deck. Relax in the spa-like primary bathroom, with granite countertops, soaking tub and steam shower.

On the lower level, you’ll find two large rooms with closets that are currently being used as a fourth bedroom and a bunkroom along with a full bath. A large den makes a great space for football watching parties, with its shiplapped bar area, dishwasher, refrigerator, ice maker and sink. Game nights will be memorable in the fabulous rec room and there’s even a huge storage area.

From the walkout basement, enter the massive bottom level deck area equipped with a large hot tub or make your way down the concrete pathway to the newly built firepit and covered boat dock, which features a lift with storage area and double wave runner lift. This home is sure to be a serene, peaceful oasis to create the ultimate luxury living experience. **Option to purchase home fully furnished***

Listed by Margot Dunn – Wallace West Office | Click here for more information.

Luxury Spotlight May 17, 2023

Wallace Luxury Spotlight | 12016 Poplar Meadow Lane Knoxville, TN 37932

Luxury home at 12016 Poplar Meadow Lane Knoxville TN 37932

Enjoy life in the Massey Creek community in this lovely luxury home. Image living in this custom home with Majestic ridge top views from the deck.

The home has Hardie board, brick & stone accents with a beautiful manicured lawn with mature landscape beds. The home features 2656 square feet with a spacious Primary bedroom/bath suite on the main level with a walk in shower glass enclosure, porcelain double sinks and large closets.

The crown jewel is the stunning great room with a stone fireplace & adjoining kitchen/breakfast area inviting you to the lovely deck partially covered & open with seasonal mountain views.

Expanded driveway accommodates six cars. Smart home features. Enjoy living in the heart of Hardin Valley in Massey Creek!

Listed by Joyce Z. Tapscott - Wallace Bearden Office | Click here for more information.
Luxury Spotlight May 15, 2023

Wallace Luxury Spotlight | 286 Serenity Drive Harriman, TN 37748

Welcome to luxurious living, in a stunning lakefront home on Watts Bar Lake designed by Don Gardener and custom constructed by Ray Keeney.

This incredible Wallace Luxury property is perfectly positioned to take advantage of breathtaking views and easy living. With 42 windows throughout the home, natural light floods in, and almost every room boasts a view of the lake. The main level features mahogany floors, soaring ceilings, and the primary bedroom with trey ceilings.

There are three decks, including one off the primary bedroom, and a spacious screened-in porch. The kitchen is open to the dining and breakfast rooms and features quartz counters, a tile backsplash, high-end appliances, and a gas range.

The home boasts three full bathrooms featuring high-end tile and quartz finishes. The basement has 10-foot ceilings and solid concrete construction. There are two additional bedrooms and a large rec room, plus a heated and cooled workout room and additional storage.

This home is situated on a half-acre, dockable waterfront lot with privacy, walking trails, a neighborhood clubhouse and pool, tennis, marina, and gated entrance.

Don’t miss your opportunity to tour this home and start enjoying your summer on the lake!

Listed by Andrew McGranaghan – Wallace Bearden Office | Click here for more information.

Luxury Spotlight May 7, 2023

Wallace Luxury Spotlight | 5029 Shoshone Loop, Crossville, TN, 38572

Welcome to 5029 Shoshone Loop, an exquisite lakefront property located in the desirable Lake Tansi Village in Crossville. This magnificent estate spans over 3,500 square feet, with a 450 sq. ft. detached boathouse that is heated and cooled, all situated on a 0.65-acre lot with 275 feet of awe-inspiring and breathtaking lake frontage.

As you enter the grand foyer, prepare to be swept away by the magnificent view of the lake. The opulent ambiance of the entrance is further enhanced by the striking combination of New York state cherry hardwood floors and a marble entryway, which sets the tone for the luxurious experience that awaits you.

The living area features a double-sided see-thru fireplace and boasts a breathtaking view of the lake. The gourmet kitchen and dining area are designed to impress with Wood Hollow cabinets, quartz countertops, and top-of-the-line stainless steel KitchenAid appliances, including an Manitowoc ice maker, wine fridge, and oven warmer.

The main level primary bedroom is an oasis of luxury, featuring a gas fireplace, New York cherry hardwood floors, and bay doors leading to an outside seating area overlooking the lake. The spa-like ensuite primary bath features all heated tile flooring, a clawfoot tub, walk-in tile shower, and two custom walk-in closets.

The residence boasts a versatile layout, comprising a main level office area furnished with a media closet, a main floor powder room, a fully-equipped guest bedroom with a full bathroom, and a second guest bedroom on the upper level. The upper-level guest bedroom features an outdoor seating area, an ensuite bathroom, and a sizable walk-in closet.

This extraordinary home is equipped with the latest technology and comfort features, including two separate heating and cooling units, Anderson 400 series windows and backdoor, a double-sided stone fireplace designed by Eden Stone out of Wisconsin, and a partial panel Generac generator that powers both the boathouse and main home area.

In addition to these impressive features, this exceptional property presents a well-appointed back patio area with top-of-the-line epoxy flooring, along with a capacious two-car garage that also boasts epoxy flooring. Moreover, the meticulously maintained yard is equipped with an irrigation system that ensures its impeccable appearance year-round. It is noteworthy that this residence is one of only six within the community that has a sewer connection, elevating its status as a singular and luxurious offering.

Golf enthusiasts will appreciate the convenience of having a top-rated golf course just a short golf cart ride away. The Lake Tansi Village Golf Course is a challenging 18-hole course that has been recognized as one of the best courses in the area. Lake Tansi Village boasts the Cumberland Plateau’s largest lake of 550 acres, offering endless opportunities for water activities, fishing, and recreation. This luxurious lakefront estate offers unparalleled living and entertaining spaces, where every detail has been carefully selected and crafted to meet the highest standards of luxury living.

Do not miss the opportunity to experience the epitome of lakeside living, schedule your private showing today!

Listed by Victoria Eberhart – Wallace West Office | Click here for more information.
Luxury Spotlight May 7, 2023

Wallace Luxury Spotlight | 918 Paint Rock Ferry Road Kingston, TN 37763

This Wallace Luxury home for sale is a luxurious custom-built contemporary masterpiece, that affords lakefront living in style! With four bedrooms and five baths, plus a three-car garage, it is situated on three level acres right on the Tennessee River / Watts Bar Lake.

The home has been immaculately kept, and is only ten years old. It features high end custom choices throughout, including Imported Brazilian walnut and quartzite stone accents around the home and a over-sized custom-built 4×8′ imported mahogany front door entry.

The paver driveway offers a massive 4000sq ft of parking and beautiful exterior accent lighting that showcases this custom home. The spacious living room features maple hardwood floors, designer light fixtures, and soaring 16′ western-facing glass sliding doors to maximize your direct view of the lake.

Beautiful black quartzite stone and Brazilian walnut-wrapped see-thru natural gas fireplace can be enjoyed in both the spacious kitchen area or the living room space. The open-concept kitchen has numerous upgrades, including tile flooring, a second set of 16′ sliding doors to enjoy the lake views, Carrera marble tile backsplash, range top pot filler, wine/beverage cooler, coffee & tea bar, large built-in upright Freezer & Refrigerator. A generous 4’x8′ island with power lends an ample number of pot drawers & also offers plenty of room for additional seating space if needed. Spacious walk-in pantry coupled with the laundry/utility area can be conveniently accessed from the privacy of the primary suite as well as both the kitchen and triple car attached garage.

Separate open dining area with enough room for your family and friends. Entertaining is made easy with the large partially covered paver patio, complete with natural gas lines for your BBQ and a fire pit. A custom plant trellis spans the 40′ width of the patio and is intended to provide a natural source of shade for those warm sunny days.

Thoughtfully created was outdoor access to an air-conditioned outdoor bathroom space to provide your guests with easy access to facilities without having to enter the main house while you are entertaining outdoors. The main-floor primary suite sits on maple hardwood floors and tile, a huge custom walk-in closet, with a spacious walk-in shower, a freestanding tub, and a floor-mounted tub filler. Two additional large bedrooms on the main floor feature European-style wardrobe systems and share a Jack and Jill bathroom.

Three of the four bedrooms enjoy the daily benefits of the beautiful lake views and the sunsets. The second floor features a large spacious open bonus room with custom sliding doors to access the sprawling 12×38 Brazilian walnut deck enclosed with a custom-built steel cable railing, perfect for upscale outdoor entertaining. The fourth bedroom which is accented by wall-to-wall built-in cabinets, acacia desks & countertops that are great for an office and features a full bath for added convenience for any potential overnight house guests.

The oversized garage has been tastefully accented with custom glass garage doors and offers an abundance of space for three vehicles, recreational toys or lawn/garden equipment plus extra storage Private boat dock PLUS your own private boat ramp for easy boat launch. Dock permit in hand for maximum sized dock allowed. No detail has been overlooked in the design & creation of this home. Quality craftsmanship and pride of ownership are evident inside and out.

You simply must explore the extensive list of features and amenities this home offers to fully understand the quality and value of this one-of-a-kind property. Schedule a preview for this stunning property!

Listed by Rob Johnson – Wallace Farragut Office | Click here for more information.
Luxury Spotlight May 6, 2023

Wallace Luxury Spotlight | 1122 Greenbriar Village Lane Gatlinburg, TN 37738

Welcome home to this luxurious cabin nestled in the heart of the Smoky Mountains. This private retreat is approximately two miles from downtown Gatlinburg. Plus, it’s just minutes to Great Smoky Mountains National Park!
With no HOA, as well as public utilities (no well or septic to maintain) & high-speed internet, this property will surely be desirable for investors. New in 2020, this turnkey cabin sleeps 16 & has guaranteed income of $140K the first year with a local management company. No expense was spared with top-of-the-line log furniture, hardwood and tile floors, granite countertops, stainless appliances, media room with theatre seating, pool table, multi-cade and hot tub.
The main floor features an open concept, with a large kitchen island, plenty of room for cooking and seating for all. Step out onto the deck for morning coffee and views of the mountains in the distance. With four of the five bedrooms being primary suites featuring king-sized beds, you can bring all your loved ones to sleep in comfort!
The kids will love the queen-size bunk beds in the ”kid central” zone downstairs close to the games and media room. Close proximity to the iconic Greenbrier Restaurant allows for convenient dinners, or have the option to be downtown in a matter of minutes. This cabin offers easy access with paved roads, and fantastic earning potential for years to come. Schedule your showing today!
Listed by Lisa Hoyt – Wallace Farragut Office | Click here for more information.
Buying a HomeReal Estate News & Trends May 1, 2023

Tips for First-Time Home Buyers in 2023

Tips for First Time Homebuyers

May 1st is National New Homeowners Day, and since the spring selling season is ramping up, it’s a great time to talk about things would-be homeowners need to know. 

Our own Andrew McGranaghan gives some great information in this segment from Living East Tennessee on WATE 6 On Your Side.

Learn more by watching the video below!

Finances First - 

One important first step is to talk with a local lender who knows the market, has a good reputation, and can educate you on the various first-time home buyer financing options. 

One misconception buyers often have is thinking they need a significant amount of money for a down payment, but this isn’t necessarily the case. 

A mortgage professional can also help you establish a realistic budget. Wallace Real Estate has had a trusted mortgage partner in CMG Financial for the past eight years, and David O’Block’s team does a tremendous job for our buyers. 

Work with a Realtor - 

Next, it’s crucial to find a local real estate professional who can guide you through the process. A quality Realtor is worth his/her weight in gold when navigating this process of becoming a new homeowner. He or she will act as an advocate for you, which is especially helpful during the negotiation process. 

Make sure you choose an agent whose company is focused on training to ensure they have the knowledge and expertise to be a trusted source of information. 

At Wallace Real Estate, our agents are trained and committed to helping buyers. Each of our nearly 500 agents has a passion and a heart for first-time buyers. Being a guide on this journey is probably the part of our job that gives us the most joy and satisfaction. 

A local real estate expert with extensive knowledge of the area will prove to be very helpful during the home search process. They can help buyers determine the areas you’d like to live in based on lifestyle, needs and budget. 

Be Realistic About Wants & Needs - 

While it’s important to identify your “must-haves,” as a first-time buyer, you will also need to be realistic about wants and needs, to balance that with the current market. 

If you’re in a couple, talk with your partner before your first showing about expectations on price, size, and location. Drive around neighborhoods or areas of town to explore and help you get a rough idea of where to start. 

One example of this was a homebuyer couple who were set on living in a historical neighborhood in close proximity to downtown Knoxville. Properties were available in the area they wanted, but may have required more work than they wanted to tackle. 

As a first-time home buyer in a seller’s market, most buyers will have to make concessions. You may have to sacrifice certain wants to get into the area you want to be in, or perhaps sacrifice on the area to get the home you want. 

Waiting for the perfect home may leave you feeling disappointed and burned out. Your first home doesn’t have to work for every stage of life, but consider it as the immediate next step in your journey. 

A trusted local Realtor can help you find the balance you need, with options that satisfy your wants and needs. 

Look for Major Issues with No Fix - 

This issue came up with a homebuyer who was interested in buying a mountain property. 

One of the homes we toured was in a beautiful setting, with many desirable features, but because of the location, it was challenging to access the property via the driveway. We chose to walk up to access the home, and ended up slipping all the way back down. 

While a property may have some things you’d like to change, make sure it doesn’t have any major issues or deal-breakers that can’t be fixed. 

Ask Questions - 

You’ll want to work with a Realtor who is willing to help guide you through the process, and one way they can do this is by providing answers to your questions. 

The better you understand the process, the more informed you will be to make the best decisions. 

Wallace Real Estate offers a one-stop shop for our clients, from mortgage and closing services, to home warranty and insurance. We also have our Property Management division should you end up deciding to rent the home later down the road. 

Be Ready to Act Quickly, If Necessary - 

A final tip that is relevant to the fast-paced market we’re currently in, is be ready to act quickly. With fewer homes on the market in certain price ranges, there are more buyers competing for these properties. 

If the right home comes along, it’s important to decide quickly to get the opportunity to go under contract. Your Realtor will help analyze the situation to make sure it’s a good investment for you, and ensure you have peace of mind by allowing for home and termite inspections, as well as other safeguards in the contract. This will help you make the right financial decisions that best meet your needs.

Luxury Spotlight May 1, 2023

Wallace Luxury Spotlight | 260 Cormorant Drive Vonore, TN 37885

This stunning custom-built lakefront estate in Rarity Bay boasts breathtaking views and every attention to detail. The open floor plan features soaring ceilings, custom stonework, and a large composite deck perfect for entertaining on summer nights.
Relax on the spacious covered patio and enjoy the manicured yard leading to your private dock, nestled in a cove off the main channel with 113′ of shoreline. The main level features coffered and vaulted ceilings with crown moldings, leathered granite tops, 7” wide plank hickory hardwood flooring, Pella doors and windows throughout, and Viking appliances in the chef-inspired kitchen.
The main level primary suite includes a copper soaking tub. The recently enhanced basement includes 9′ ceilings, a full bar, gym, wine room, covered and secluded hot tub area, and covered patio under the deck for relaxing in the shade. The second level features a spacious bonus room with a private bath and a second bedroom with a private bath.
This home boasts 5 oversized bedrooms, each with a custom private bath. Additional features include a new tankless water heater and 2 new HVAC units installed in 2020 and 2021 respectively.
Take a short walk to your private dock with a sunning deck and 10,000 lb boat lift. Rarity Bay offers full golf and clubhouse amenities, security, sidewalks, pool, workout facilities, and horse stables. The full golf membership will transfer to new buyers.
Don’t miss out on the opportunity to own this perfect lake home retreat in beautiful East Tennessee.
Wallace Bearden Office | Click here for more information.
Luxury Spotlight May 1, 2023

Wallace Luxury Spotlight | 415 Alpine Drive Clinton, TN 37716

This stunning Wallace Luxury property is a new construction basement ranch home with charming farmhouse interior touches complete with all the modern amenities and conveniences you could ever need. The living room features high ceilings, gas fireplace with wood mantle and shiplap wall, light engineered hardwood floors, and plenty of natural light. Other lovely accents include warm wood and a kitchen that is equipped with Frigidaire convection and air fryer oven, custom hood, farmhouse sink, soft-close drawers, a large center island with quartz countertops, and a custom pantry with storage cabinets on the bottom and floating shelves on top.
Two of the home’s four bedrooms are located on the main level. The owner’s suite features a luxurious en-suite bathroom double vanity, spacious walk-in shower, walk-in closet, trey ceiling, and hardwood floors. There is a second bedroom and full bath also on the main.
Downstairs are two additional bedrooms, two full baths, plus an office, workstation, great room, and walk-in storage. This home has tons and tons of extra storage.
Other notable features include a mudroom/laundry room with ample storage including a drop-zone, cabinet with a sink, a large backyard with plenty of space for outdoor entertaining, oversized two-car garage, tankless hot water heater, and much more.
Located in a desirable neighborhood, this home is close to shopping, dining, and entertainment options, and offers easy access to major highways for convenient commuting. Overall, this new construction home is the perfect place to call home. Don’t miss your opportunity to own this one-of-a-kind property! Schedule a viewing today!
Listed by Debbie Yankey – Wallace Farragut Office | Click here for more information.
Luxury Spotlight May 1, 2023

Wallace Luxury Spotlight | 1760 Inverness Drive Maryville, TN 37801

Looking for a luxury home, with space for all your toys? This beautiful all brick two-story basement home in Maryville is ready for a new owner. This home features five/six bedrooms and five bathrooms perfect for a large or growing family. The Main level is all hardwood except tile in the wet areas.
There’s a large eat-in Kitchen with an island and a pantry, plus lots of cabinet space, granite tops, all stainless-steel appliances including a double oven and gas cooktop. The living room has two-story ceiling with a gas fireplace. The dining room with coffered ceilings and wainscoting is plenty big enough for all the special holiday gatherings.
At the end of the day, wind down with the glow of a fire while lying in bed reading a book, watching your favorite show, or snuggling with the special someone in your primary bedroom. The primary bedroom’s Ensuite has dual vanities with granite tops, dual walk-in closets, walk-in glass shower, and a soaker tub.
You’ll love enjoying your morning cup of coffee while watching the sunrise over the mountains from the comfort of your heated and cooled sunroom. The Laundry room offers plenty of cabinet space and a second bedroom/office finishes off the main level.
Upstairs you will find three additional bedrooms, two full bathrooms, a bonus room, and walk-in attic storage. One of the upstairs bedrooms could be a second primary bedroom suite with a separate office/sitting area, full bath, and walk-in closet. Bonus room has knee wall storage and a walk-in closet. This property could make a great multi-generational home.
The home’s Downstairs has LVP flooring throughout except tile in the bathroom. There’s also a HUGE rec room with gas fireplace and a wet bar that has plenty of room for all your entertainment or pool table. Bedroom six and a full bathroom, game room, storm shelter and a large garage are perfect for keeping all your toys safe complete the downstairs.
Exit the rec room or bedroom onto your covered patio that is perfect for extending the entertainment to the outside. Just add TV and it is perfect for fall football parties. Loads of storage in this home. Convenient to downtown Maryville and just a short drive to Pellissippi Parkway (I-140) to get to Turkey Creek and the West Knoxville area or drive down Alcoa Highway to downtown and the UT area.
Listed by Bobby Sanford – Wallace Farragut Office | Click here for more information.