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Wallace Luxury Spotlight | 1752 Hillendale Road Crossville, TN 38572
A Private Estate Like No Other: 45 Acres of Serenity and Craftsmanship
Experience the ultimate in privacy, luxury, and natural beauty with this custom-built estate, nestled on 45.69 acres of pristine land. Listed by Debbie Yankey of Wallace Real Estate’s Farragut Office, this extraordinary property offers unparalleled craftsmanship and a lifestyle defined by peace and serenity.
A Home Designed for Comfort and Elegance
From the moment you enter the gated property, you’ll be captivated by the meticulous attention to detail. The exterior of the home features stone and Hardie plank with freshly stained cedar accents, creating a timeless and inviting look. Inside, the living room boasts an open floor plan with a soaring reclaimed wood ceiling and a stunning stone gas fireplace, perfect for cozy evenings.
The custom kitchen is a chef’s dream, equipped with extensive cabinetry, a wine fridge, a walk-in pantry, and not one, but two full-size refrigerators. Whether hosting large gatherings or preparing intimate meals, this kitchen delivers both functionality and style.
Luxurious Main-Level Owner’s Suite
The main-level owner’s suite is a spa-like retreat. With a freestanding soaking tub, a tiled walk-in shower, and a barrel wood ceiling, the space exudes relaxation and luxury. It’s the perfect place to unwind after a day exploring your private estate.
A Versatile Second Floor
The second floor offers a private suite that is ideal for guests or multigenerational living. It includes a bedroom, bathroom, kitchenette with a third refrigerator, microwave, and sink, a dining area, and an enormous bonus room. The flexibility of this space makes it a standout feature of the home.
Outdoor Living at Its Finest
This property is a haven for outdoor enthusiasts. Three porches, including a screened dining area with a stone fireplace, provide the perfect spots to enjoy the stunning surroundings. The estate also features trails that wind through wooded acreage, a ~½ acre stocked pond, and a 40’x60′ barn complete with horse stables, a tack room, and a fenced livestock area. Additional outbuildings offer workshop space and versatility for a variety of needs.
Modern Amenities for Easy Living
Modern conveniences abound in this estate, including:
- Whole-house Generac generator
- Dual fuel heat pumps
- Fiber optic internet
- Monitored security system with exterior cameras
- Encapsulated crawl space and blown-in foam insulation
- 200-amp electrical service, natural gas, and water
With a 5-car garage, low-maintenance landscaping, and Greenbelt status, this property seamlessly blends luxury with practicality.
Conveniently Located
Despite its private and serene setting, the estate is just 12 minutes from schools, shopping, and healthcare, ensuring that all your needs are within easy reach.
A Rare Opportunity
This exceptional property is a unique blend of functionality, luxury, and natural beauty. Whether you’re seeking a private retreat, a working estate, or a multigenerational haven, this home has it all.
Property listed by Debbie Yankey – Wallace Real Estate Farragut Office – Click here for more info
Wallace Luxury Spotlight | 4245 Hiawatha Drive Knoxville, TN 37919
Discover Your Dream Home in Sequoyah Hills
Nestled in the heart of the highly sought-after Sequoyah Hills neighborhood, this freshly listed gem is a rare find! With 3 bedrooms and 3.5 baths, this inviting home offers a perfect blend of modern comfort and timeless elegance.
A Layout Designed for Living
Step into an open-concept floorplan that seamlessly combines style and functionality. The main level features a generous primary bedroom and bath, providing convenience and privacy. The airy great room offers a bright and welcoming space for relaxation, while the spacious kitchen and separate dining room are ideal for hosting gatherings or enjoying everyday meals.
Versatile and Spacious
The upper level boasts a versatile office space that can easily be converted into a 4th bedroom, along with two additional bedrooms and bathrooms. Whether you need a home office, guest room, or extra living space, this home adapts to your needs.
Outdoor Living at Its Best
The stunning patio is perfect for outdoor entertaining, while the fenced backyard offers a private sanctuary for relaxation or play. With ample storage throughout, this home provides the practicality you need alongside the beauty you desire.
Unbeatable Location
Conveniently located near Sequoyah Elementary, Cherokee Boulevard, shopping, dining, and more, this home places you at the center of everything that makes Sequoyah Hills such a coveted community.
Your Next Chapter Starts Here
This home truly has it all—from its thoughtful design to its unbeatable location. Don’t miss the opportunity to make this exceptional property your own. Schedule your private showing today and experience the charm of Sequoyah Hills living!
Listed by Lorraine Burns – Wallace Real Estate West Office – Click here for more info!
Wallace Luxury Spotlight | 1122 Greenbriar Village Lane Gatlinburg, TN 37738
Discover the Perfect Blend of Location and Luxury in Gatlinburg
Imagine owning a mountain retreat that combines luxurious comfort with unparalleled convenience. Just two minutes from downtown Gatlinburg and moments away from the iconic Great Smoky Mountains National Park, this stunning cabin offers the ultimate Smokies lifestyle—all with no HOA fees and access to public utilities.
Spacious and Luxurious Accommodations
Built in 2020, this turnkey property was designed with no expense spared. Boasting four king primary suites and accommodations for up to 16 guests, it’s perfect for family getaways or rental opportunities. Each suite offers privacy and comfort, making this home ideal for hosting groups.
The cabin’s interior is a showcase of modern mountain elegance, featuring:
- Gleaming hardwood floors
- Granite countertops
- Top-of-the-line finishes throughout
Entertainment for All
Entertainment options abound in this property. Guests can enjoy a private theater room, challenge each other to a game of pool, or relive classic arcade moments on the multicade system. Outdoors, two expansive decks provide a perfect space to relax and take in the distant mountain views. Frequent bear sightings add a touch of Smoky Mountain magic, delighting visitors of all ages.
Unmatched Location and Convenience
The location of this property truly sets it apart. Walk to the historic Greenbrier Restaurant or hop on the free trolley just one minute away at the nearby park-and-ride station—no need to worry about parking in busy Gatlinburg! City-maintained paved roads ensure year-round accessibility, making this cabin a practical choice for all seasons.
Investment-Ready and Turnkey
Fully furnished and rental-ready, this cabin is a proven income-generating asset. With its prime location, luxurious amenities, and turnkey setup, it’s perfectly positioned to deliver immediate returns as a short-term rental property. Whether you’re looking for your dream mountain getaway or a revenue-generating investment, this property checks every box.
Don’t Miss This Smoky Mountain Gem
Schedule your private showing today and experience the perfect blend of location and luxury for yourself. This is more than a home; it’s your opportunity to own a piece of the Smokies lifestyle.
Property listed by Lisa Hoyt – Wallace Real Estate Farragut Office. Click here for more details.
Wallace Real Estate Opens New Office in Downtown Knoxville
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Screenshot%202025-01-22%20090145.png” style=”margin: 10px; width: 650px; height: 422px;” class=”featured”></p> <p>Wallace Real Estate, East Tennessee’s leading independent real estate brokerage, has opened its newest office in downtown Knoxville. The expansion marks a significant step forward as Wallace continues to grow and evolve to meet the needs of clients throughout the region.</p> <p>The <a href=”https://jhmontgomery.com/downtown-office”>Wallace Real Estate Downtown office</a>, located in the heart of the city at 625 S. Gay Street #205, is more than just a new space – it represents a homecoming. Wallace Real Estate began with just one office, first in the Journal Arcade Building before moving to the Valley Fidelity Bank Building on Gay Street. This move symbolizes a return to the company’s roots while celebrating the vibrant growth and progress of the region.</p> <p>“Downtown Knoxville is a thriving hub for business, tourism and community life,” said George Wallace, CEO and partner of Wallace Real Estate. “It’s exciting to return to the area that was our original home while also looking ahead to the future of real estate in East Tennessee. This new office is a reflection of our commitment to serving clients wherever they are and being part of the incredible momentum in downtown Knoxville.”</p> <p>The new office will serve clients not only in the downtown area, but also across the region, providing the same exceptional service Wallace has been known for since 1936. The office will be led by Principal Broker Jennifer Montgomery, a deeply rooted community leader known for her Local Lore series, which celebrates the untold stories and history of Knoxville’s neighborhoods and landmarks.</p> <p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Wallace%20FB%20Ad%20and%20Open%20House%20Graphic%20(20).png” style=”margin: 10px; width: 650px; height: 340px;”></p> <p>“Downtown Knoxville has seen tremendous change over the years, transforming into a bustling and vibrant community,” Montgomery said. “I’m honored to lead this new office and to bring Wallace’s unique combination of local expertise and regional coverage to this area. Our roots here run deep, and we’re excited to be part of downtown’s continuing story.”</p> <p>Montgomery is recruiting agents for the new office, which offers a unique opportunity for qualified agents to capitalize on the prime location downtown and join a winning team at Wallace.</p> <p>As the leading independent brokerage in East Tennessee, Wallace Real Estate is uniquely positioned to adopt a nimble approach and implement creative growth strategies. The new office reflects the company’s mission to innovate and evolve while staying true to its legacy of trust, excellence and community connection.</p> <p>The downtown Knoxville office was open for business in January 2025, with a ribbon cutting on Jan. 22nd to mark the occasion.</p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
George Wallace: Building Bridges, Business, and a Better Knoxville
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”><p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Screenshot%202025-01-20%20150014.png” style=”margin: 10px; width: 650px; height: 308px;” class=”featured”></p> <p>Wallace Real Estate's CEO George Wallace recently sat down with Hallerin Hilton Hill on his show <em><strong>Anything is Possible</strong></em>. In a candid and heartfelt conversation, George reflected on his upbringing, career, and dedication to making a difference in Knoxville.</p> <h2><em><a href=”https://youtu.be/AZNOyjya3HE?si=K8NYeO8laWhuEhEM”>Click here to watch George's full interview</a></em></h2> <p><img alt=”” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/Screenshot%202025-01-21%20075513.png” style=”margin: 10px; width: 250px; height: 189px; float: right;”>In reference to George's service as a member of Knoxville’s City Council: “I wanted to use my platform to make meaningful change,” George said, recalling how his time on the council opened his eyes to the city’s diversity and challenges.</p> <p>“Unless we’re intentional about building relationships, they won’t happen,” George explained, emphasizing the importance of connecting with people who have different experiences and perspectives.</p> <p>Though George considered running for mayor, he chose instead to focus on fostering meaningful relationships and small but impactful actions. “It’s the small things that make a difference,” he said, underscoring his belief in the power of personal connections to create lasting change.</p> <p>Through his leadership, George Wallace continues to honor his family’s legacy while shaping a brighter, more inclusive future for Knoxville.</p> <p>We're proud to have his leadership and perspective at Wallace Real Estate! </p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
Wallace Luxury Spotlight | 12240 Mossy Point Way Knoxville, TN 37922
Discover Elegance and Ease at Bayou Bend in West Knoxville
Welcome to the sought-after, lakefront community of Bayou Bend — a hidden gem offering low-maintenance living with stunning amenities. Nestled along the shores of Lake Loudoun, this all-brick, ranch-style home is the epitome of comfort and luxury.
A Grand Welcome
Arrive in style via the charming brick paver driveway, leading to a spacious two-car garage and a welcoming covered front porch. The home’s elegant design invites you into an open floor plan that is both functional and beautiful.
Main Level Living at Its Best
The main level of this stunning property features 3 generously sized, split bedrooms and a versatile 4th bedroom or bonus room upstairs. Engineered hardwood flooring flows throughout, complemented by vaulted ceilings and plantation shutters adorning every window.
The large dining area is perfect for hosting gatherings, while the light-filled living room offers built-ins and large windows that create an inviting space to relax or entertain.
A Chef’s Delight
The kitchen is a dream for any home chef, boasting granite countertops, a built-in oven, a generous island with a breakfast bar, and ample cabinet space with a pantry. Adjacent to the kitchen, the cozy keeping room can be utilized as a den, home office, or additional breakfast area — a versatile space to suit your needs.
Serene Outdoor Spaces
One of the highlights of this home is the serene screened-in porch, overlooking a peaceful backyard. It’s the perfect retreat for unwinding after a long day or enjoying your morning coffee while taking in the tranquil surroundings.
Luxurious Primary Suite
The primary suite offers a spacious layout designed for relaxation and convenience. Dual vanities, a walk-in tiled shower, a jetted tub, and a large walk-in closet make this suite a true oasis within the home.
Convenient Features
The functional laundry room is connected to an additional walk-in storage closet, making everyday living more convenient. Thoughtful details throughout the home enhance both comfort and practicality.
Bayou Bend Community Amenities
Living in Bayou Bend means enjoying premium community amenities, including a saltwater pool overlooking the serene waters of Lake Loudoun and a private boat ramp for residents. The HOA provides exceptional value, covering lawn care, trash service, a Rural Metro subscription, and more — giving you more time to enjoy your beautiful surroundings.
A Perfect Blend of Comfort and Luxury
This home seamlessly combines elegance with ease, offering everything you need for comfortable, upscale living in a premier lakefront community. Plus, the washer, dryer, and both kitchen and garage refrigerators will be conveyed to the new owner.
Don’t miss this opportunity to make Bayou Bend your new home!
Property is listed by Sahel Naimy – Wallace Real Estate Farragut Office – Click here for more info
Wallace Luxury Spotlight | 2959 Mockingbird Way Sevierville, TN 37862
Discover Luxury Living in the Heart of the Smokies: New Cabin with Stunning Views
Welcome to your dream mountain retreat! This newly constructed cabin offers breathtaking, panoramic views of Wears Valley, delivering one of the most spectacular vistas in the Smoky Mountains. With nearly 4,000 square feet of thoughtfully designed space, this luxurious 3-bedroom masterpiece combines rustic charm with modern elegance to create the ultimate mountain escape.
A Grand Entrance with Unmatched Views
The moment you arrive, the beauty of this cabin is evident. Enter through elegant double glass doors and immediately take in the stunning mountain views framed by 16-foot sliding glass doors. These doors open to an expansive deck, providing a seamless connection to the outdoors. Whether you’re sipping your morning coffee or hosting an evening gathering, the views will leave you in awe.
Indoor Pool and Entertainment Haven
One of the standout features of this home is the indoor pool, designed to bring the outdoors in. A unique glass garage door allows you to fully enjoy the surrounding natural beauty while relaxing by the pool. The pool area flows directly onto the lower deck and gently sloped outdoor space, creating an entertainer’s paradise or a serene spot for personal reflection.
Adjacent to the pool, the lower level boasts a theater room, perfect for movie nights or watching the big game. This entertainment hub is ideal for creating lasting memories with family and friends.
Luxury Finishes Throughout
Every detail in this cabin has been carefully chosen to combine luxury and practicality. Key features include:
- Paved Driveway for easy access
- Granite Countertops for a sleek and modern kitchen
- Stainless-Steel Appliances to elevate your culinary experience
- LVP Flooring for durability and style
- Walk-In Tiled Showers for a spa-like feel
- Tongue-and-Groove Ceilings for rustic charm
- Soaring Ceilings that create an open and inviting atmosphere
Unbeatable Location in a Gated Community
Nestled in a gated community, this property offers additional amenities such as a picnic area and a private dumpster for residents’ convenience. The cabin’s prime location puts you within minutes of some of the area’s best attractions:
- 15 Minutes to Pigeon Forge for shopping, dining, and entertainment
- 7 Minutes to the Great Smoky Mountains National Park Entrance for endless outdoor adventures
- 5 Minutes to the Scenic Foothills Parkway for breathtaking drives
A Slice of Smoky Mountain Paradise
This cabin is more than just a home or an investment — it’s a true mountain escape that offers peace, beauty, and endless opportunities for adventure. With luxury finishes, incredible amenities, and unparalleled views, it’s the perfect place to create lasting memories.
Don’t miss your chance to own a piece of paradise in the Smoky Mountains. Floor plans are subject to change during the construction process. Contact us today to learn more and schedule your visit!
Listed by Lisa Hoyt – Wallace Real Estate Farragut Office – Click here for more info!
December 2024 Real Estate Market Update: What You Need to Know
Before we get too far into 2025, lets take a moment to look at the East Tennessee real estate market trends for December. The numbers tell an interesting story: while the market is no longer as frenzied as we saw during the pandemic years, it’s finding a rhythm that feels steady—and, in many ways, familiar. Here’s a breakdown of what we’re seeing and what it means for buyers and sellers as we head into 2025.
📋 New Listings: A Seasonal Slowdown (and That’s Normal!)
December saw fewer new listings hitting the market compared to last year, but don’t be alarmed—this is a completely normal seasonal trend. The holidays tend to bring a slowdown in listings, and this year’s numbers are nearly identical to what we saw in December 2019. As we move past the holiday season, we expect to see more properties hitting the market in the coming months.
What it means for you:
- Sellers: If you’ve been waiting for less competition, now’s the time to get ready to list.
- Buyers: Fewer new listings might mean you need to act quickly when you find the right home, but more inventory is likely on the way.
🏡 Active Listings: Buyers Are Getting More Choices
The number of active listings on the market was down from November, but it’s still the highest December inventory we’ve seen in six years. After years of record-low inventory, buyers are finally seeing more options. However, this doesn’t mean we’re in a buyer’s market just yet—it’s more of a balanced market, where buyers have a bit more breathing room to make decisions.
What it means for you:
- Buyers: You now have more time to consider your options and even ask for concessions or repairs, which wasn’t the case during the peak of the market frenzy.
- Sellers: While homes are still selling, it’s important to price your property competitively and be prepared for a bit more negotiation.
🔑 Sales Pending: Returning to Pre-Pandemic Normalcy
The number of homes under contract in December mirrored the levels we saw in 2019, the last “normal” year before the pandemic-driven real estate boom. It’s a sign that buyers and sellers are gradually adjusting to higher interest rates, recognizing that life changes—like job relocations or growing families—continue to drive the need to buy or sell homes.
What it means for you:
The market is steady, and despite higher interest rates, buyers are still making moves. If you’re waiting for rates to drop dramatically, you may be waiting longer than expected. It’s better to focus on finding the right home or buyer rather than waiting for the perfect rate.
📈 Closed Units: Steady Sales, Reflecting Typical Year-End Trends
December saw more closed sales than last year, with activity remaining steady from November to December. Historically, this trend is common, with similar sales activity between these two months. It’s a reassuring sign that the market is maintaining momentum even as we head into the slower winter months.
What it means for you:
The market isn’t slowing down dramatically, which is good news for both buyers and sellers. Whether you’re thinking of listing your home or making a purchase, the demand is still there.
⏳ Months of Supply: Nearing a Balanced Market
The months of supply—the measure of how long it would take to sell all the current inventory—dropped slightly in December, largely due to fewer listings during the holiday season. However, we’re slowly inching closer to a balanced market. While it still slightly favors sellers, the shift toward balance is welcome news for buyers.
What it means for you:
- Buyers: You’ll have more negotiating power than you’ve had in recent years.
- Sellers: Homes are still moving, but pricing matters more than ever in this evolving market.
💰 Median Sales Price: Holding Steady at $370,000
Throughout 2024, the median sales price has remained in the range of $350,000 to $375,000, ending the year at $370,000. This stability shows that while buyers have more negotiating power, prices haven’t dropped drastically—another sign that we’re not in a true buyer’s market just yet.
What it means for you:
If you’re buying, don’t expect massive discounts, but you do have more room for negotiations. If you’re selling, focus on presenting your home well and pricing it appropriately to attract buyers.
🕒 Average Days on Market: A Seasonal Spike
The average days on market saw a noticeable jump from November to December, but this isn’t a cause for concern. With Thanksgiving and Christmas packed into a short timeframe, many closings were delayed by holiday schedules and vacations.
What it means for you:
Sellers should keep in mind that homes may take a bit longer to sell during the holidays, but this is temporary. As we move into the new year, expect the timeline to shorten again.
What to Expect in 2025
Looking ahead, the market is showing signs of stability. We’re no longer in the frenzy of the pandemic years, and both buyers and sellers are adjusting to the new normal. With more inventory, steady prices, and balanced conditions, East Tennessee is shaping up to be a solid real estate market as we head into 2025.
If you’ve been waiting for the right time to make your move, this year could be it!
If you have questions about how these trends might affect your personal real estate goals, our team at Wallace Real Estate is here to help. We’re always monitoring the latest market data, ensuring that when you’re ready to move, you have the insights and guidance you need.
*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.
Winter Woes? Here’s How to Keep Your Home Safe from Cold-Weather Damage
Winter weather can be tough on homes, and frozen pipes are one of the most common (and costly!) issues homeowners face this time of year. But with a little preparation, you can avoid the headaches that come with extreme cold. Here are a few simple steps to protect your home and keep things running smoothly all season long:
1. Protect Your Pipes
Frozen pipes can burst and cause serious damage. Here’s how to prevent it:
- Insulate pipes in unheated areas like basements, attics, and garages.
- Let faucets drip during freezing temperatures to keep water flowing.
- Open cabinets under sinks to let warm air circulate around pipes.
2. Know How to Shut Off Your Water
In case of a pipe burst, knowing where your main water shut-off valve is located can save you from a flood of trouble. Make sure it’s easily accessible and that everyone in your household knows how to use it.
3. Clear Ice and Snow from Your Roof and Gutters
Ice dams can form on your roof, causing leaks and water damage. Keep gutters clear and consider a roof rake to safely remove snow buildup.
4. Seal Drafts to Keep the Cold Out
Cold air can sneak in through cracks and gaps around doors and windows. Use weatherstripping, caulk, and door sweeps to keep your home warm and energy-efficient.
5. Check Your Heating System
Don’t wait until temperatures dip to find out your heating system isn’t working. Schedule an annual check-up to make sure your furnace or heat pump is in top shape.
Stay Cozy and Safe This Winter
Taking these simple precautions can help you avoid costly repairs and keep your home warm and cozy all winter long. And if a new home is part of your 2025 plans, we’re here to help guide you through every step of the process!
Wallace Luxury Spotlight | 3540 Mountain Tyme Way Sevierville, TN 37862
New Luxury Cabin in Wears Valley – Estimated Completion January 2025
Imagine owning a nearly 4,000 square foot luxury cabin with breathtaking views of Wears Valley and the Great Smoky Mountains National Park. This newly-constructed cabin, priced at just over $400 per square foot, is located in a gated community only 15 minutes from the Parkway and major attractions, with no steep roads to navigate.
Designed to Impress
From the moment you arrive at the impressive 8-foot glass front doors, you’ll be welcomed by stunning pass-through views of the mountains, framed by 16-foot slider doors that lead to an expansive deck. This cabin offers ample space for entertaining and relaxation, with three thoughtfully designed levels to capture the panoramic views from nearly every room.
Flexible Living Spaces
The cabin’s layout includes customizable flex space on the lower level, allowing you to create a media room, game room, or additional living quarters to suit your needs. Two sets of French doors open to another expansive deck on the lower level, providing even more opportunities to enjoy the outdoor scenery.
Outdoor Living Made Easy
The property’s outdoor living spaces are designed to maximize comfort and accessibility. With no steep slopes, you can easily add outdoor amenities such as a fire pit or hot tub to enhance your experience. The concrete driveway and low-maintenance landscaping make this property both practical and beautiful.
Premium Interior Features
Inside the cabin, luxury touches abound. The kitchen features granite countertops, stainless steel appliances, and plenty of space for preparing meals. The primary bedroom suite offers privacy and convenience, while tiled walk-in showers and a separate laundry room add to the home’s modern appeal. Throughout the home, high-quality finishes create a sense of refined comfort.
Low HOA Fees and Easy Access
This property offers the best of both worlds: the tranquility of mountain living with the convenience of being close to attractions. With low HOA fees and well-maintained, easy-access roads, it’s the perfect investment cabin, second home, or permanent residence.
Schedule Your Showing Today
Don’t miss this opportunity to own a slice of paradise in Wears Valley. With its unbeatable location, luxurious features, and stunning views, this cabin is sure to impress. Contact us to learn more and schedule your showing today.
Presented by Lisa Hoyt | Wallace Farragut Office – Click here for more information about this property!
