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Wallace Luxury Spotlight | 173 Rafter Road Tellico Plains, TN 37385
Tellico River Retreat & Event Center at 173 Rafter Rd is a rare, turn-key opportunity for short-term rental investors and event hosts alike. Purpose-built for large groups, this impressive lodge-style property sleeps up to 30 guests with 16 bedrooms and 16.5 baths, and commands nightly rental rates ranging from approximately $1,999 to $2,399.
Each bedroom features its own private bathroom and individual climate control, creating a comfortable, hotel-like experience for every guest-ideal for multigenerational family gatherings, corporate groups, and retreats where privacy and personal comfort matter.
Set just across the street from the Tellico River, the home’s expansive decks and multiple outdoor seating areas offer sweeping river views, with riverfront parking directly along the water. Guests enjoy the soothing sounds and scenic beauty of the river from the large wraparound decks, private bedroom balconies, and covered verandas, making this property especially attractive for destination weddings, yoga and wellness retreats, business meetings, educational workshops, church groups, and family reunions. Ample paved parking, including room for motorcycles, easily accommodates larger groups and event traffic.
Inside, the property features an open floor plan with cathedral ceilings, leather furnishings, and a warm lodge ambiance. The spacious game room and entertainment areas are designed for gathering and fun, with a pool table, foosball, card table, flat-screen TVs, cable, and DVD player.
Multiple bars and generous common areas make it easy to host receptions, cocktail hours, or informal get-togethers. High-speed WiFi and USB plug-ins throughout support both leisure and business uses.
The modern, stainless-steel kitchen is fully equipped to serve large parties, featuring double ovens, two side-by-side refrigerators, granite countertops, microwave, coffee maker with complimentary coffee, and ample prep and storage space. The layout is ideal for caterers or for guests who enjoy cooking together.
A gas grill and barbecue utensils extend meal preparation to the outdoors, where guests can dine al fresco while enjoying the river setting. Sleeping arrangements are thoughtfully designed to accommodate a wide variety of group sizes and configurations.
The home offers 4 king beds, 10 queen beds, and 1 twin bed, along with a loft bedroom and mezzanine spaces that contribute to the lodge’s open, airy feel. Many bedrooms offer deck access and river views, enhancing the retreat-like atmosphere. A Jacuzzi tub, fireplaces, and multiple cozy seating areas add to the sense of relaxation and escape.
Additional conveniences include washer and dryer, alarm clocks, hair dryers, flat-screen TVs in key areas, USB outlets, and multiple gathering spaces both indoors and out. With its strong rental history, high nightly rates, generous capacity, and proven track record hosting weddings, corporate events, educational programs, yoga retreats, and reunions, Tellico River Retreat & Event Center stands out as a premier income-producing property in a sought-after natural setting.
Whether continued as a high-performing vacation rental and event venue or adapted for specialized retreats and group uses, this property offers exceptional versatility, comfort, and revenue potential just steps from the Tellico River.
Wallace Luxury Spotlight | 8950 Isherwood Lane Knoxville, TN 37922
Welcome to this beautifully maintained home located in the sought-after Whittington Creek community of Knoxville. Positioned on a quiet cul-de-sac and set on an oversized lot, this four-bedroom, three-bath residence offers a thoughtful blend of space, updates, and access to an amenity-rich neighborhood.
When you enter the home, the foyer creates an immediate sense of openness, flanked by an elegant dining room on one side and a versatile flex space on the other. This additional room can easily serve as a home office, sitting room, or creative space to fit a variety of needs. The main living areas are bright and open, providing a comfortable setting for everyday living as well as hosting guests.
The kitchen is well-equipped and opens directly to the living room, making it ideal for gatherings and shared meals. Whether hosting seasonal celebrations or enjoying a quiet evening at home, the layout supports both functionality and connection. Throughout much of the interior, recently updated flooring adds a fresh, cohesive feel, while updated bathrooms balance modern style with everyday practicality. Plantation shutters bring added character, and a central vacuum system offers added convenience.
Additional living spaces include a spacious bonus room over the garage and another flexible area that can be customized as a home gym, media room, or secondary office. These adaptable spaces allow the home to evolve with changing needs over time.
Beyond the home itself, Whittington Creek is known for its extensive community amenities. Residents enjoy access to a clubhouse and pool, multiple recreation courts, playground areas, a covered pavilion with a kitchen for gatherings, and a tree-lined boulevard with sidewalks throughout the neighborhood. Miles of designated paths and common areas provide opportunities to enjoy the outdoors within the community.
Practical updates add peace of mind, including two new HVAC systems and refreshed flooring, making this home truly move-in ready. Its convenient location places you approximately 15 minutes from downtown Knoxville and McGhee Tyson Airport, offering easy access to shopping, dining, and travel while still enjoying a well-established residential setting.
This home offers a balanced combination of comfort, flexibility, and community amenities, all in a prime Knoxville location.
Listed by Casey Krein – Wallace Real Estate Lakeside Office | Click here for more information.
November 2025 Real Estate Market Update: What You Need to Know
East Tennessee Real Estate Market Update: November Trends Point to a More Balanced Market
As we moved through November, the East Tennessee real estate market continued to show signs of normalization—something we haven’t been able to say for several years. While this time of year traditionally brings a seasonal slowdown, the data reveals a market that is increasingly balanced, increasingly confident, and increasingly favorable for both buyers and sellers who are prepared.
New Listings Continue to Climb
Historically, November tends to bring fewer new listings to the market. However, this year followed a different pattern. New listings have been climbing, and November continued that upward trend. More sellers are stepping forward, and in many cases, those sellers will also become buyers—either locally or in another market. For buyers entering the market strictly as purchasers, this increase in inventory means more choices and less urgency.
Active Listings Show Steady Inventory Growth
Inventory continues to expand across the region, easing some of the intense pressure buyers have experienced in past years. We may not be in buyer’s market territory yet, but gone are the days of panic buying. With more competition among listings, sellers must be intentional about pricing and presentation. A home that isn’t positioned well from the start risks lingering on the market.
At the same time, both sides of the transaction need guidance as the market shifts. Conversations about inspections, appraisals, and renegotiations should happen early—before emotions run high. Preparedness is essential for keeping buyers and sellers at the table all the way to closing.
Sales Pending Reflects Steady Momentum
Sales activity continues to strengthen. 2024 outpaced 2023, and 2025 is already shaping up to outpace 2024. Increasing consumer confidence and more available inventory are major contributors. Buyers who paused during the 8% interest rate environment are returning with renewed motivation.
Closed Sales Show a Predictable, Healthy Pattern
Closed units this November outperformed the past two years when comparing the pipeline of homes that went pending in early fall. This is another strong indicator that the market is stabilizing. Sellers who feel uneasy about days on market or slower showing activity may need reassurance: demand isn’t declining—it’s simply less frenzied. Today’s buyers browse more, compare more, and often wait to see if better-suited inventory becomes available. Patience is now part of the process.
Months of Supply Ticks Up Seasonally
Months of supply naturally rises this time of year, largely due to the seasonal slowdown—not because of waning demand. The increase isn’t enough to move East Tennessee into buyer’s market conditions. Instead, the market is functioning steadily, with properties coming online and going under contract in a relatively consistent rhythm. Sellers can no longer rely on scarcity to do the heavy lifting, and buyers now have the luxury of choice.
Median Sales Price Remains Strong
For more than a decade, home prices in our region have increased year over year, and 2025 is no exception. There is no indication of softening or reversal. Thanks to strong migration trends and steady demand, East Tennessee continues to experience moderate, sustainable price growth. We are on track to finish the year at or slightly above where we began.
Average Days on Market Hold Steady
With more inventory available, it’s natural for the average days on market to increase—but the upward shift we saw last year has since stabilized. This reflects healthier inventory levels rather than slowing buyer interest.
Still, the takeaway for sellers is clear: to outperform the averages, a property must be positioned well from day one. Homes that lack preparation, presentation, or proper pricing will simply be bypassed.
Whether you’re considering listing your home, making a move, or simply curious about your neighborhood’s trends, I can help you navigate the market with clarity and confidence.
*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.
Warmth, Wonder, and Winter Safety: What to Know About Your Fireplace This Season
As the holidays approach and Santa prepares his annual trip down the chimney, many East Tennessee homeowners are turning their attention to the glow of a cozy fire. Fireplaces remain one of the most beloved features in a home—adding charm, warmth, and that unmistakable sense of winter comfort. Whether you have a traditional wood-burning hearth or a modern gas fireplace, taking the right precautions helps ensure your home is safe all season long.
Here’s a helpful guide to understanding different types of fireplaces and the steps homeowners should take to keep everything running safely—especially if it’s been a while since you’ve used yours.
Wood-Burning Fireplaces
Wood-burning fireplaces offer timeless ambiance with the crackle, smell, and warmth only real firewood can provide. But because these rely on true flame and venting, regular maintenance is essential.
Tips for wood-burning fireplace safety:
- Schedule an annual chimney inspection by a certified professional to check for soot buildup, blockages, or creosote—one of the leading causes of chimney fires.
- Burn only dry, seasoned hardwoods. Wet or soft wood creates more smoke and buildup.
- Always use a screen or glass door to prevent sparks from escaping into the room.
- Keep flammable items—including stockings hung for Santa—a safe distance from the hearth.
- Make sure your damper is fully open before lighting a fire, and allow the fire to burn out completely before closing it.
Gas Fireplaces
Gas fireplaces offer convenience, energy efficiency, and instant warmth. They’re especially popular for homeowners who want the ambiance of a fire without hauling wood or cleaning ash. But even though they burn cleaner than wood, they still require routine care.
Tips for gas fireplace safety:
- If you haven’t used your gas fireplace in several years, schedule a professional inspection before turning it on. A technician can check gas lines, ventilation, the ignition system, and ensure there are no leaks.
- Make sure carbon monoxide detectors in your home are functioning and placed near bedrooms.
- Clean the glass, logs, and surrounding components gently each season to remove dust and debris.
- Never try to repair ignition issues or gas odors yourself. If you notice a smell or suspect a leak, shut off the gas supply, leave the home, and contact the gas company immediately.
- Keep pets and small children at a safe distance—gas units can become hot to the touch.
If You Haven’t Used Your Fireplace in Years
This scenario is more common than you might think. One Wallace agent recently had a client with a gas fireplace they hadn’t turned on in six years. In cases like this—whether wood-burning or gas—the rule of thumb is simple: do not attempt to use it until it has been professionally inspected.
A certified technician or chimney sweep can:
- Test functionality
- Check for obstructions, nests, or buildup
- Inspect ventilation
- Confirm proper gas flow and safety features
- Clean interior components
- Ensure everything meets current safety standards
A quick check now can prevent costly repairs or dangerous situations later.
A Season Made for Cozy Moments
From holiday gatherings to quiet nights by the fire, winter has a way of drawing us closer to home. And while Santa may be the most famous chimney visitor of all, he would surely agree that a well-maintained fireplace makes for a safe and magical holiday season.
If a fireplace is on your wish list—or you’re looking to upgrade your home—I’m here to help. Many East Tennessee properties feature beautiful wood-burning or gas fireplaces, and our experienced team can guide you through what to look for, what to ask, and how to keep your home warm and comfortable for years to come.
Wallace Luxury Spotlight | 6809 Beaver Brook Drive Knoxville, TN 37918
Prepare to be captivated by this extraordinary custom-built residence overlooking Beaver Brook Country Club, where nearly an acre of beautifully positioned land offers panoramic views of the golf course and surrounding mountains. From the moment you arrive, the craftsmanship and architectural intention behind this home are evident—every detail has been designed to elevate daily living while creating unforgettable spaces for gathering, relaxing, and celebrating life’s moments.
Upon entering the home, soaring ceilings, rich wood beams, and walls of windows immediately frame sweeping vistas that feel like living artwork. Natural light fills the open-concept layout, highlighting warm textures and thoughtfully curated finishes throughout. The main level flows effortlessly, offering inviting spaces for hosting, quiet moments, or simply taking in the beauty that surrounds the property.
The outdoor living area is nothing short of exceptional. An expansive deck and patio extend the home’s entertaining potential, anchored by a beautiful fire pit and a sparkling saltwater gunite pool—a true oasis designed for sunny afternoons, peaceful mornings, and breathtaking sunset views over the mountains.
The luxurious primary suite provides a private retreat on the main level, complete with dramatic ceilings, three generous walk-in closets, and its own balcony overlooking the picturesque landscape. The newly remodeled bathroom feels spa-inspired, featuring a soaking tub, a beautifully tiled walk-in shower, and elegant finishes that make this space a sanctuary.
Upstairs, a custom-designed family and game room adds an impressive dimension to the home. With tongue-and-groove ceilings, exposed beams, a wet bar, and a dedicated game area, it’s ideal for entertaining on a grand scale. A wall of windows captures panoramic views of the golf course and mountains, creating an unforgettable backdrop. (The pool table remains with the home.)
The home’s architectural pedigree adds to its distinction—designed by the same architect who created Beaver Brook Country Club, it carries a cohesive style and unique character rarely available on the market. Modern updates ensure ease and comfort, including new lighting throughout, newer appliances, updated bathrooms, refreshed paint and flooring, a brand-new aluminum fence, newer HVAC, two tankless water heaters, and a roof installed in 2022. Additional features include a convenient upstairs kitchenette, two fireplaces, abundant storage, and custom built-ins.
Located just across from Beaver Brook Country Club, the home offers easy access to golf and community amenities while maintaining the privacy and peaceful setting that make it such a standout. Whether gathering with loved ones or hosting memorable celebrations, this residence delivers a true “wow” factor at every turn.
Listed by Vickie Bailey Team – Wallace Bearden Office | Click here for more information.
Wallace Luxury Spotlight | 7320 Wheatfield Place Knoxville, TN 37919
A Classic Westmoreland Hills Brick Traditional With Timeless Character
Listed by Joyce Z. Tapscott – Wallace Real Estate Bearden Office | Click here for more information.
Nestled on Wheatfield Place, a quiet cul-de-sac known for its mature, seasonal landscaping and natural privacy, this stately two-story brick home offers a beautiful blend of architectural detail, comfort, and enduring style. With classic brick construction, stucco trim, and elegant Southern columns, the home makes an impressive first impression that carries through every room.
When you enter the wide foyer, you’re welcomed by rich walnut railing accents and a sightline into the formal living room—a refined space featuring a wet bar, a fireplace with a brick hearth and surround, and a decorative mantel set against an accent wall. French doors extend the room into a two-level deck, perfectly positioned for outdoor gatherings or relaxing in the treetops.
At the heart of the home, the kitchen and breakfast room create a warm, central hub. Walnut cabinetry, a tile backsplash, and granite-look countertops offer a classic aesthetic, while the layout provides easy access to both the family room and the outdoor grilling area. A beautifully framed archway connects the kitchen to the expanded sunroom/family room, where abundant natural light and a comfortable atmosphere set the tone for daily living. Just off this space, a private staircase leads to a dedicated office/library—an ideal setting for work, study, or quiet reflection.
Designed for memorable occasions, the large dining room showcases custom trim and painted wainscoting. Nearby, the powder room features a white tile floor, vanity, antique mirror, and timeless finishes. Additional conveniences on the main level include a pantry and secondary staircase that leads to the upper-level bonus room and bedroom areas.
Upstairs, the layout is thoughtfully arranged with two private guest bedrooms and a full bath featuring neutral tile and a tub/shower combination. The second-level Primary Bedroom offers a serene retreat with an adjoining bathroom that includes a whirlpool tub, double vanities, a separate walk-in glass shower, and a water closet. A spacious, tucked-away dressing area and closet complete this peaceful haven.
The wide concrete driveway offers generous parking, including a walkway to a side parking area. The two-car garage provides additional room for storage.
With its architectural elegance and desirable Westmoreland Hills location, this home offers beauty, comfort, and convenience in one of Knoxville’s most established areas, with nearby access to the Rocky Hill community, UT campus, healthcare, and airport routes.
Listed by Joyce Z. Tapscott – Wallace Real Estate Bearden Office | Click here for more information.
Why Knowledgeable Brokers Make All the Difference
<section itemprop=”articleBody” class=”e-content”><div class=”blogContentWrapper”> <p paraeid=”{4e3758f5-a649-4897-a491-e4d2d0ac0f87}{198}” paraid=”500329236″><img alt=”” class=”featured featured” src=”https://d15zjc2r4e8kr7.cloudfront.net/9302/blog/WRE%20Recruiting%20-%20Horizontal%20(4).png” style=”width: 650px; height: 366px; margin: 10px;”></p> <p paraeid=”{4e3758f5-a649-4897-a491-e4d2d0ac0f87}{198}” paraid=”500329236″>When an agent is working to bring a deal to the closing table, knowledge is essential. </p> <p>At Wallace, brokers bring deep experience, calm professionalism, and practical insight to every situation. This is more than just a safety net for agents, it’s a competitive edge. </p> <p>Whether it’s reworking timelines, navigating contract changes, or helping agents respond to complex client needs, Wallace brokers aren’t guessing. They’ve seen it, studied it, or handled it before. And when they haven’t, they know how to find the answer fast. </p> <p>With several hundred closings under their guidance each year, Wallace brokers give agents confidence in navigating even the most complex transactions.</p> <p>That kind of support has a measurable impact. Wallace agents have an 82% success rate from contract to close — compared to 75% across the broader East Tennessee market. It’s not just because they work harder. It’s because they’re better prepared. </p> <p>Behind that success is a team of non-competing brokers who stay sharp through advanced training, industry designations, and leadership experience. From the first-time agent learning to structure their workflow, to the top producer navigating high-volume negotiations, Wallace brokers offer personalized guidance that empowers agents to succeed on their terms. </p> <p>Because when your broker is confident, calm, and capable — you can be, too. </p> <p><a href=”https://wallacetn.com/company/recruitment/”>Click here to learn more about how your success starts with smarter support.</a></p> </div><div class=”clearfix”></div><div class=”clearfix”></div></section>
