Luxury Spotlight April 29, 2024

Wallace Luxury Spotlight | 416 Sweetgum Drive Knoxville, TN 37934

Discover Luxury Living in Farragut: A Renovated Oasis Awaits

Prepare to be wowed by this sprawling Farragut home, recently renovated to perfection and offering an abundance of space and style. From the moment you enter, you’ll be greeted by a stunning open floor plan that sets the stage for the grandeur of this expansive residence.

The main level boasts an impressive open living room with convenient in-floor electrical outlets, making everyday living a breeze. Adding to the functionality of the space, you’ll find a laundry room with a sink and a half bath, ensuring both convenience and ease. A formal dining room and an eat-in kitchen with newly installed backsplash and brand-new stainless-steel oven provide the perfect backdrop for entertaining, complemented by genuine wood flooring that exudes warmth and luxury.

Natural light floods the space through a newly installed sliding glass door that leads out to a beautiful deck overlooking the backyard, creating an inviting atmosphere for outdoor relaxation and enjoyment.

Moving to the upper level, discover the oversized primary bedroom, a true retreat featuring a walk-in closet and a recently renovated ensuite bathroom. Pamper yourself in the spa-like oasis, complete with a soaking tub, brand new double vanity with granite, and a walk-in shower with soon-to-be-installed custom glass doors, offering the perfect escape after a long day.

The upper level also houses three additional bedrooms and a huge bonus room that can double as a fifth bedroom, providing ample space for family and guests.

Descending to the fully finished walk-out basement, you’ll find two large areas that can serve as additional bedrooms or versatile living spaces, ideal for a home gym, office, or entertainment lounge. Each room offers exterior doors for easy access to the beautifully landscaped and fully fenced backyard, creating an entertainer’s paradise with a level concrete pad ready to accommodate a hot tub and a small wood deck for hot tub stairs.

Parking is plentiful, with a driveway that accommodates not only vehicles but also has dedicated space for a boat or RV, perfect for adventure enthusiasts.

Residents of this community enjoy access to a tennis court, basketball court, clubhouse, pool, and trails, fostering a friendly and active neighborhood environment.

If you’re seeking a spacious home in Farragut that’s priced below comparable properties in the area, look no further. Book your viewing now before this incredible opportunity is gone!

Listed by Monica Stevens — Wallace West Office | More information can be found at this link. 

Buying a Home April 29, 2024

Tips for New Homeowners

<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(50).png” style=”margin: 10px; width: 751px; height: 417px;” class=”featured”></p> <p>May 1st is New Homeowners Day! At Wallace Real Estate, we understand the excitement and sense of accomplishment that comes with purchasing your first home. It&#39;s a milestone worth celebrating, and we&#39;re thrilled to be part of this journey with our homebuyer clients.</p> <p>If you&#39;ve recently become a homeowner, congratulations! As you embark on this exciting chapter of your life, there are a few essential steps to take to ensure a smooth transition. Whether it&#39;s your first venture into the real estate market or you&#39;re upgrading to a new space, we&#39;ve compiled a list of tips to help you settle in comfortably and make the most of your new home.</p> <p>So, if you&#39;ve just unpacked your boxes and are eager to make your house truly feel like home, read on for some practical advice and handy tips. Here are some key considerations to keep in mind as you begin this exciting journey.</p> <p>1) Change the Locks: As soon as you move into your new home, it&#39;s wise to change the locks or rekey them. You never know who might have a spare key from the previous owner, so this simple step helps ensure your home&#39;s security.&nbsp;</p> <p>Our partner, 2-10 Homebuyers Warranty even offers&nbsp;a special program to make changing the locks simple and affordable!&nbsp;</p> <p>2) Familiarize Yourself with Utilities and Maintenance:&nbsp;Take the time to locate the main water shut-off valve, circuit breaker box, and any other essential utilities in your home. Additionally, familiarize yourself with basic maintenance tasks like changing air filters, testing smoke detectors, and cleaning gutters.</p> <p>3) Start Building an Emergency Fund for Home Repairs: Owning a home can bring&nbsp;unexpected expenses. Start building an emergency fund specifically for home repairs and maintenance. Having this financial cushion can alleviate stress when unexpected issues arise.</p> <p>If you don&#39;t have a home warranty, it might be something to consider. <a href=”https://www.2-10.com/representatives/asheville-home-warranty/”>Connect with our 2-10 Home Buyers Warranty partner with any questions you might have.&nbsp;</a></p> <p>4) Document Important Information: It&#39;s important to keep track of all relevant documents related to your home purchase, including contracts, warranties, and manuals for appliances or systems. Organize them in a safe place for easy access when needed.</p> <p>5) Join a Community: Get involved in your new neighborhood by attending local events or joining community groups. Not only does this help you feel more connected, but it&#39;s also a great way to learn about your area and potentially find recommendations for service providers like plumbers or electricians.</p> <p>Again, congrats on your new home! We&#39;re so proud to be part of your journey!&nbsp;</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>

Luxury Spotlight April 25, 2024

Wallace Luxury Spotlight | 1225 Brighton Drive Alcoa, TN 37701

Discover Tranquility: A Custom Sanctuary in Alcoa’s Andover Subdivision

Escape to your own personal sanctuary in the serene suburbs of Alcoa, where luxury meets tranquility in the charming Andover Subdivision. Crafted with meticulous care by renowned builder Chester Richardson in 2013, this custom-built home boasts unparalleled craftsmanship and distinctive details that set it apart from the rest.

Upon entering through the artisanal front door, you’ll be captivated by the grandeur of the magnificent staircase and the floor-to-ceiling stone fireplace with its split-log mantle, each bearing the unique mark of the builder’s and homeowners’ personal touches. The main level welcomes you with open arms, featuring soaring 19-foot vaulted ceilings and a breakfast bar that gracefully divides the modern kitchen from the inviting living and dining areas.

The kitchen, a chef’s dream, is equipped with top-of-the-line appliances including a gas stove and a brand new dishwasher, complemented by granite countertops and a charming stone backsplash. A convenient office space adds functionality to this culinary haven. Retreat to the expansive primary bedroom, where French doors lead to a shared screened porch, offering serene views of the totally private, fenced-in backyard that extends to the county line, ensuring future tranquility with a family farm beyond.

Upstairs, you’ll discover two generously sized bedrooms, a full bathroom, and a versatile bonus space, all overlooking the main level from an open shared loft. With details too numerous to capture, this home invites you to explore its unique charm and exquisite craftsmanship firsthand.

Meticulously planned and lovingly crafted, this home awaits its new owners to appreciate and revel in its beauty. Don’t miss the chance to make this extraordinary property your own slice of paradise. Schedule your showing today for what could be the home of your dreams.

Listed by Ben Barredo — Wallace Bearden Office | Click here for more information!

Luxury Spotlight April 22, 2024

Wallace Luxury Spotlight | 4248 Sw Valencia Road Knoxville, TN 37919

Discover Tranquility: A Luxurious Retreat in the Heart of Sequoyah Hills

Nestled in the heart of the picturesque Sequoyah Hills, this stunning “tree top” retreat offers the perfect blend of elegance and relaxation. From the moment you enter this beautiful home, you’ll be greeted by a sense of serenity and warmth that envelops every corner.

Updates abound throughout, ensuring modern comfort and style at every turn. The open kitchen seamlessly connects to the living room and a cozy family room, creating inviting spaces for both entertaining and everyday living. Whether you’re hosting a gathering with friends or simply unwinding after a long day, this home offers the perfect backdrop for creating cherished memories.

But the allure of this home extends beyond its interior, with three patios providing ample outdoor space to enjoy the natural beauty that surrounds you. Whether you’re savoring your morning coffee on the front patio or dining al fresco on the back, you’ll feel a sense of tranquility and peace that is truly unparalleled.

The primary suite is a luxurious retreat in itself, boasting a large updated bathroom that opens to the front patio. With extensive landscaping requiring minimal maintenance, you’ll have more time to relax and enjoy the beauty of your surroundings without the stress of constant upkeep.

From the moment you arrive, you’ll feel like you’re inside a secluded oasis, where the cares of the world simply melt away. Don’t miss your chance to experience the ultimate in luxury living in the heart of Sequoyah Hills. Leave your stresses at the door and embrace the serenity that awaits you in this beautiful home. Schedule your showing today and start living the life you’ve always dreamed of!

Listed by Lorraine Burns — Wallace West Office | Click here for more information!

Luxury Spotlight April 19, 2024

Luxury Spotlight | 2157 Council Fire Drive Knoxville, TN 37918

Luxury Living Awaits: Your Dream Home in Halls/Powell Area

Welcome to the epitome of luxury living in the highly sought-after Halls/Powell area! This stunning two-story residence offers a perfect blend of spaciousness, functionality, and elegance, ensuring a lifestyle of comfort and convenience.

With four bedrooms and five bathrooms, including an ensuite main bedroom on the main level, every inch of this home is designed with your comfort in mind.

Enter the heart of the home, where a large kitchen awaits with a breakfast nook, granite countertops, and ample cabinet space, making it a chef’s dream. Adjacent to the kitchen is a grand great room with a vaulted ceiling, creating an inviting atmosphere for relaxation or entertainment. The adjoining office/den features a cozy gas fireplace, perfect for unwinding after a long day.

Once outside on the deck, you can take in the expansive backyard, offering plenty of space for outdoor activities and enjoyment. Hosting guests will be a breeze with the formal dining room providing ample space for gatherings.

The main level 2-car garage ensures easy access to your vehicles, while upstairs, three additional bedrooms each with their own private bathrooms offer comfort and privacy for all.

The partially finished basement adds even more living space, with a rec room ideal for hosting game nights or movie marathons. For outdoor enthusiasts, the basement features a one-car garage large enough to accommodate a boat, along with a workshop for all your DIY projects.

With ample storage throughout the home and included appliances, including the washer and dryer, this property offers convenience and peace of mind. Don’t miss out on the opportunity to make this exceptional property your own and experience the ultimate in luxurious living in the heart of Halls/Powell. Schedule your tour today and make your dream home a reality!

Listed by Bobby Sanford Group – Wallace Farragut Office | Click here for more information.

Lifestyle April 18, 2024

Celebrate Earth Day with Wallace Real Estate

Earth Day is a reminder of the importance of preserving and protecting our planet for future generations. It’s a time to reflect on our environmental impact and take action to make positive changes. This Earth Day, let’s celebrate in simple and fun ways that not only benefit the planet but also bring joy and fulfillment to our lives.

1. Create a DIY Upcycling Project: Upcycling is a creative way to repurpose items that might otherwise end up in landfills, giving them new life and reducing waste. Gather materials like old jars, bottles, or clothing items that you no longer use, and let your imagination run wild! Turn those jars into stylish planters or containers for small household items, transform old t-shirts into reusable tote bags, or repurpose glass bottles into decorative vases. Get the whole family involved in brainstorming and crafting these upcycled creations, and enjoy the satisfaction of giving new purpose to old items while reducing your environmental footprint.

2. Make a Delicious and Nutritious Trail Mix: Connecting with nature can be as simple as taking a hike or spending time outdoors. Prepare a healthy and energizing trail mix to enjoy on your next outdoor adventure. Mix together a variety of nuts, seeds, dried fruits, and whole-grain cereals to create a tasty and nutritious snack that provides sustained energy for your outdoor activities.

Get creative with your mix-ins, incorporating ingredients like almonds, cashews, pumpkin seeds, dried cranberries, and dark chocolate chips. Pack your trail mix in reusable containers and take it along on a hike, bike ride, or picnic to fuel your body while enjoying the beauty of the outdoors.

3. Plant Trees for a Neighbor or Friend: Trees play a vital role in improving air quality, and providing habitat for wildlife. This Earth Day, spread joy and greenery by planting trees for a neighbor or friend. Reach out to someone in your community who would appreciate a little extra greenery in their yard or neighborhood, whether it’s a new homeowner, an elderly neighbor, or a friend who loves gardening.

Choose native tree species that are well-suited to your local climate and soil conditions, and offer to help with planting and care. Not only will you enhance the beauty of your community, but you’ll also foster a sense of camaraderie and environmental stewardship among neighbors.

This Earth Day, let’s celebrate by taking action to protect and preserve our planet in simple and enjoyable ways. Whether it’s creating DIY upcycling projects, making delicious trail mix for outdoor adventures, or planting trees for neighbors and friends, every small effort makes a difference. Let’s come together to honor the beauty of our planet and commit to making sustainable choices that benefit both the environment and our communities. And remember, no matter where in the world you might be moving, as a member of Leading Real Estate Companies of the World, Wallace Real Estate can help you get there!

Luxury Spotlight April 18, 2024

Wallace Luxury Spotlight | 6606 Sw & 0 Holt Lane Knoxville, TN 37919

Discover Gracious Living: Your Dream Estate Awaits in Westmoreland

Escape to the serene beauty of Westmoreland, a prestigious neighborhood in Knoxville that epitomizes gracious living. Situated just minutes from shopping, fine dining, and downtown Knoxville, this 1 1/2-acre estate offers the perfect blend of convenience and tranquility.

As you arrive, you’ll be greeted by professional landscaping and the lovely ambiance of a vast front yard adorned with a serene fishpond. Upon entry, you’ll immediately feel at home in the spacious front hall and glowing hardwood floors.

The great room beckons with a cozy wood-burning fireplace and French doors that lead to a secluded, fenced backyard oasis. Here, you’ll find not one, but two decks perfect for outdoor entertaining, as well as an enchanting potting shed for those with a green thumb.

Entertaining is a delight in the large dining room, which flows seamlessly into a private screened-in porch, offering an intimate space for gatherings. The heart of the home, the kitchen with a bar, is designed for culinary exploration and social interaction, with ample room for a large table and bar seating.

Retreat to the main bedroom, a sanctuary spacious enough to incorporate a home office, complete with a walk-in closet and luxurious bath featuring a walk-in glass shower, spa tub, and double vanity. Upstairs, two additional oversized bedrooms offer dual closets for ample storage space.

Versatility abounds with a bonus room boasting three closets and generous attic storage. This residence is a rare find, tailored for those who appreciate the blend of luxury and comfort. Welcome to your new haven of sophistication and tranquility in Westmoreland. Schedule your tour today and discover the lifestyle you’ve always dreamed of!

Listed by Cissy Mayo – Wallace West Office | Click here for more information! 

Buying a Home April 18, 2024

Things to Consider When Purchasing Commercial Property

<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” class=”featured featured” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Moxi%20Blog%20Images%20(900%20x%20500%20px)%20(49).png” style=”margin: 10px; width: 750px; height: 389px;”>Interested in investing in commercial property? Whether you&#39;re a seasoned investor or a first-time buyer, navigating the complexities of the commercial real estate market requires careful consideration and strategic planning. In this blog, we&#39;ll explore the important things to keep in mind when purchasing commercial property.</p> <p><b>1. Define Your Investment Objectives:</b> Before diving into the market, it&#39;s crucial to clarify your investment objectives. What is your end goal? Are you seeking steady rental income, capital appreciation, or a combination of both? Understanding your goals will help guide your property search and investment strategy.</p> <p><b>2. Financial Analysis:</b> It&#39;s important to conduct a thorough financial analysis to assess the viability of the investment. This includes considering factors such as purchase price, financing options, operating expenses, potential rental income, and projected cash flow. Calculating key metrics like cap rate, cash-on-cash return, and internal rate of return (IRR) can help evaluate the investment&#39;s profitability. When you work with a Wallace Commercial advisor, you&#39;ll have access to data to help determine each of these things.</p> <p><b>3. Location, Location, Location:</b> The location of the commercial property plays a significant role in its success. It&#39;s important to evaluate factors such as demographics, economic trends, accessibility, proximity to amenities, and visibility. A prime location can attract tenants, drive foot traffic, and enhance the property&#39;s value over time.</p> <p><b>4. Property Type and Use:</b> Commercial real estate encompasses various property types, including office buildings, retail centers, industrial warehouses, multifamily complexes, and hospitality establishments. Determine the type of property that aligns with your investment goals and risk tolerance. Each property type has its unique characteristics, market dynamics, and investment considerations.</p> <p><b>5. Physical Condition and Maintenance:</b> Assess the physical condition of the property, including structural integrity, building systems, and maintenance requirements. A thorough inspection can uncover potential issues that may impact the property&#39;s value or require costly repairs in the future. Factor in ongoing maintenance and renovation costs when evaluating the property&#39;s financial feasibility.</p> <p><b>6. Regulatory and Zoning Considerations:</b> Understand the regulatory and zoning requirements governing the property. Ensure compliance with local zoning ordinances, building codes, environmental regulations, and permitting processes. Non-compliance can lead to legal liabilities, delays, or restrictions on property use.</p> <p><b>7. Market Dynamics and Trends:</b> Stay informed about market trends, supply-demand dynamics, and economic indicators affecting the commercial real estate sector. Monitor rental rates, vacancy rates, absorption rates, and development activity in your target market. A deep understanding of market conditions will inform your investment decisions and risk management strategies.</p> <p><b>8. Due Diligence:</b> Perform thorough due diligence before finalizing the purchase. Review financial records, lease agreements, property documents, and title reports. Engage qualified professionals, such as attorneys, appraisers, and inspectors, to assess legal, financial, and physical aspects of the property.</p> <p><b>9. Exit Strategy:</b> Develop a clear exit strategy to guide your investment journey. Whether you plan to hold the property long-term, renovate and flip it, or sell it for profit, having a well-defined exit strategy will help you make informed decisions and maximize returns.</p> <p><b>10. Seek Professional Guidance:</b> Consider seeking guidance from experienced real estate professionals, including brokers, attorneys, accountants, and property managers. Their expertise and insights can provide valuable guidance throughout the purchasing process, from property selection to closing.</p> <p>In conclusion, purchasing commercial property requires careful consideration, due diligence, and strategic planning. By understanding your investment objectives, conducting thorough analysis, and staying informed about market trends, you can make informed decisions and navigate the commercial real estate market with confidence.</p> <p>Remember, each property is unique, and success often hinges on diligent research, prudent decision-making, and a long-term perspective. With the right approach and professional support from a trusted local brokerage, commercial real estate can be a rewarding asset class that generates wealth and creates value for years to come.</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>

Luxury Spotlight April 17, 2024

Wallace Luxury Spotlight | 2088 Ivy Way Newport, TN 37821

This Wallace Luxury property is a spectacular home that exudes practical luxury. Designed for every stage of life, it features three stories of magnificent panoramic views, each offering bedrooms with en-suite baths accessible by elevator or stairs.

Covered balconies grace each level of the residence, serving as private retreats to enjoy sunsets over the Smoky Mountains and the shimmering lights of Douglas Lake.

The home was built by the builder FOR the builder, so you know it’s a quality home.

Beyond its aesthetic allure, this home stands as a testament to unwavering quality and resilience. Engineered to withstand formidable forces of nature, it is built to endure winds of up to 110 miles per hour, ensuring your safety and granting peace of mind even in the face of the fiercest storms.

Whether you make this your primary residence or a vacation home, every day will feel like a vacation for you and guests. There are over 1500 sqft of covered outdoor spaces to enjoy!

A walking trail is accessible directly across from the home for a safe and enjoyable walk through the neighborhood. Across the street is the association’s boat ramp. There is also a public boat ramp, as well as deeded boat slips when available.

Nearby, you’ll enjoy hiking trails, Gatlinburg, Pigeon Forge, Ashville, and more! Want more land? Adjoining lot #35 is also for sale. HOA fee includes road maintenance and access to the subdivision’s boat ramp located across the street from the entrance. There is an HOA transfer fee is $250. (Short term rentals are not permitted.)

Listed by Kathi Browne – Wallace West Office | Click here for more information.

Luxury Spotlight April 15, 2024

Wallace Luxury Spotlight | 1119 Cobble Way Maryville, TN 37803

Experience Luxury Living: A Tour of Your Dream Mountain Home

Welcome to your dream home nestled amidst breathtaking mountain views and stunning custom upgrades. This beautiful all-brick 3-bedroom, 2 1/2-bath residence boasts a split design and additional bonus room, offering both spaciousness and charm at every turn.

Upon entry, you’ll be greeted by the warmth of hardwood floors and the elegance of custom lighting and crown molding. The attention to detail is evident throughout, from the wood-burning fireplace to the plantation shutters and oversize pantry with a custom door.

The covered back porch and breakfast nook area invite you to unwind and take in the panoramic views of the beautifully landscaped private backyard. Whether you’re savoring your morning coffee or hosting a gathering with friends and family, this home offers the perfect setting for every occasion.

With a detached bonus area that holds endless potential as a workshop, hang-out spot, or additional suite, the possibilities are truly endless. Plus, with features like custom built-ins and a bonus room with great views and tons of storage, there’s no shortage of space or convenience in this exquisite home.

Featured in the Parade of Homes in 2004, this home is a testament to quality craftsmanship and timeless design. Don’t miss your chance to experience luxury living at its finest. Schedule your tour today and discover the home you’ve always dreamed of.

Listed by Brian Shaffer – Wallace Lakeside Office | Click here to learn more about this exceptional property.