Luxury Spotlight April 27, 2026

Wallace Luxury Spotlight | 7813 Sheffield Drive Knoxville, TN 37909

A Cottage-Inspired Classic in West Hills

Beautifully renovated and full of character, this brick basement ranch on Sheffield Drive offers a rare blend of classic charm, thoughtful updates, and exceptional functionality in one of Knoxville’s established residential areas.

Listed by Joyce Tapscott with Wallace Real Estate Bearden Office, this Wallace Luxury property features 4,637 square feet of living space and a cottage-inspired design that feels both timeless and distinctive. Set on a prominent corner lot, the home makes an immediate impression with attractive cedar shake accents, crisp white trim, and professionally landscaped grounds that have been recognized five times with Yard of the Month honors by the West Hills Beautification Council.

Inside, the home continues to shine with rich architectural details, hardwood flooring, and inviting gathering spaces designed for both everyday living and entertaining. Three woodburning fireplaces add warmth and character throughout the home, creating memorable focal points in the living areas.

The basement ranch layout provides excellent flexibility, offering room for a variety of living, working, hosting, or recreational needs. Whether enjoying the home’s polished interior spaces or the beauty of the landscaped exterior, this property offers a wonderful balance of style, comfort, and practical design.

Located in West Hills, this home offers convenient access to shopping, dining, parks, major roads, and many of Knoxville’s everyday amenities while maintaining the charm and presence of an established neighborhood setting.

With its cottage-inspired details, generous square footage, award-winning landscaping, and beautifully renovated interior, this Sheffield Drive home is another jewel in the Wallace Luxury collection.

Listed by Joyce Tapscott – Wallace Real Estate Bearden Office | Click here for more information.

Luxury Spotlight April 27, 2026

Wallace Luxury Spotlight | 7141 Wellington Drive Knoxville, TN 37919

Exceptional All-Brick Home in Deane Hill with Rare 5-Car Garage

Located in Knoxville’s sought-after Deane Hill area, this exceptional all-brick home offers a rare combination of classic construction, thoughtful updates, flexible living space, and remarkable garage capacity. Listed by Threlkeld Homes with Wallace Real Estate’s Bearden Office, this property is designed for those who appreciate comfort, convenience, and room to live, entertain, store, and create.

One of the standout features of the home is its 5-car garage configuration, including a 2-car attached garage and a 3-car detached garage. Whether used for vehicles, storage, hobbies, equipment, or workshop space, this setup offers flexibility that is not often found in this area.

Upon entering the main level, the home feels warm and inviting with hardwood floors, a bright living room, and a fireplace that creates a comfortable gathering space. The spacious kitchen features stainless steel appliances, a pantry, and plenty of room for everyday cooking and entertaining.

The main level also includes the primary suite, complete with a beautifully renovated bath updated in 2025. A second bedroom and full bath on the main level provide additional convenience and versatility, while the renovated laundry room, completed in 2024, adds fresh functionality to daily routines.

The finished lower level expands the home’s living space with two large recreation areas, two oversized bedrooms, and a full bath. With LVP flooring and recessed lighting added during the 2024 renovation, this level offers a polished and flexible setting for entertaining, media space, work-from-home needs, fitness, hobbies, or additional overnight accommodations.

Outside, the large patio overlooks beautifully landscaped, fully fenced grounds, creating an inviting space for outdoor dining, relaxing, or gathering. The level driveway adds ease and practicality, while the ample storage throughout the property enhances its overall livability.

Recent updates include:

  • New roof in 2024
  • Renovated laundry room in 2024
  • Renovated lower level with LVP flooring and recessed lighting in 2024
  • Renovated primary bath in 2025

With its all-brick exterior, generous garage space, finished lower level, refreshed interiors, and convenient central location with easy interstate access, this Deane Hill property offers a compelling opportunity in the Knoxville market.

Listed by Threlkeld Homes – Wallace Real Estate Bearden Office | Click here for more information.

Luxury Spotlight April 23, 2026

Wallace Luxury Spotlight | 2048 Cherokee Boulevard Knoxville, TN 37919

Along one of Knoxville’s most iconic boulevards, 2048 Cherokee Boulevard presents a remarkable opportunity to own a home that pairs historic character with exceptional updates, energy efficiency, and a setting that is truly difficult to replicate. Positioned beside the beauty of Sequoyah Hills Park and the Tennessee River, this stately Tudor-style residence offers an extraordinary blend of architectural distinction and everyday comfort.

Set among the limited number of homes that back directly to the park’s expansive green space, the property enjoys sweeping views and a sense of openness that makes the natural surroundings feel like an extension of the home itself. Cherokee Boulevard is beloved for its grand presence, tree-lined median, and scenic backdrop, and this address captures all of that beauty in a way that feels both refined and serene.

Inside, the home has been thoughtfully transformed to honor its timeless design while embracing the conveniences of modern living. Era-appropriate finishes and carefully selected updates enhance the home’s original charm, creating interiors that feel sophisticated, warm, and beautifully cohesive. The kitchen is a standout, featuring custom white cabinetry, marble countertops, stainless steel appliances, and designer lighting that bring both style and function to the heart of the home.

With six bedrooms and four fully renovated bathrooms, the layout offers exceptional flexibility for a variety of living arrangements. The upstairs primary suite is especially inviting, offering a private balcony and stunning views of the park that create a peaceful retreat within the home. Additional bedrooms on both the main and upper levels provide versatility for guests, work-from-home needs, or additional living space.

The finished basement adds even more functionality with a fully equipped guest or extended-stay suite complete with its own kitchen, living area, bedroom, and bath. Whether used for visitors or as a private secondary living space, it adds another layer of comfort and convenience to this already impressive property.

Outdoor living is just as memorable. A large rooftop balcony provides the perfect vantage point for enjoying morning coffee, evening sunsets, and the ever-changing scenery of the park and river beyond. The professionally designed landscaping further enhances the setting, showcasing native perennials and thoughtfully planned garden beds filled with seasonal color, including hydrangeas, coneflowers, and black-eyed Susans. A side garden offers room to cultivate fresh fruits and vegetables, blending beauty and purpose in a way that complements the home’s overall sense of livability.

Beyond its beauty, this property also stands out for its forward-thinking design. Known as the first home in Tennessee to feature grid-tied solar panels, it reflects a rare commitment to innovation and efficiency. With a 9+ TVA EnergyRight rating, smart-home functionality, and a long list of meaningful updates, the home offers both enduring character and modern performance.

Notable features and updates include a complete patio renovation in 2026, new hardwood flooring in the sunroom in 2026, wrought iron backyard fencing and an electric driveway gate added in 2024, HVAC replacements between 2021 and 2023, a wine cellar with a dedicated cooling unit, a whole-home and patio surround sound system, and an energy-efficient solar panel system.

2048 Cherokee Boulevard is more than a beautiful home. It is a rare offering where classic Tudor architecture, carefully curated renovations, and one of Knoxville’s most admired locations come together to create something truly special.

Listed by Threlkeld Homes – Wallace Real Estate Bearden Office | Click here for more information.

Luxury Spotlight April 17, 2026

Wallace Luxury Spotlight | 1448 Hirst Circle Lenoir City, TN 37772

Perched at the highest point in Mahlon Place, 1448 Hirst Circle offers a truly distinctive lifestyle opportunity in Lenoir City, just beyond Farragut. Backing to a private 70-acre horse farm and surrounded by sweeping views of green pastures and distant mountains, this exceptional executive residence combines refined updates, remarkable privacy, and the kind of indoor-outdoor living that makes everyday life feel elevated.

Set on approximately .78 acres, the property enjoys a peaceful setting with a sense of seclusion that is increasingly hard to find. Even with its quiet surroundings, the location remains incredibly convenient, with easy access to Farragut, Turkey Creek, and area marinas for those who enjoy time on the water. Added to that is the benefit of lower Loudon County taxes, making this home as practical as it is impressive.

Inside, the home spans approximately 4,672 square feet and immediately makes an impact with soaring 10- and 12-foot ceilings on the main level. The layout is thoughtfully designed, with three bedrooms on the main level and 4.5 beautifully updated bathrooms throughout the home. The main living spaces feel open, welcoming, and well suited for both everyday comfort and entertaining on a larger scale.

One of the standout features of the home is the fully renovated kitchen, where style and function come together beautifully. Outfitted with all-new GE Monogram appliances, including a six-burner gas cooktop and double ovens, the kitchen also features new countertops and freshly painted cabinetry. It is a space designed for serious cooking, casual gatherings, and memorable occasions alike.

The home’s connection to outdoor living is especially impressive. The screened porch, with more than 300 square feet of living space, feels like a destination of its own. Complete with a wood-burning fireplace and mounted flat-screen TV, it creates a comfortable retreat for enjoying the view in every season. Just beyond, the outdoor entertaining area expands the experience even further with a built-in Memphis smoker and grill, a large built-in burner, and bar seating for four. Overlooking beautifully landscaped grounds with mature plantings and extensive hardscape, this space is ready for everything from relaxed evenings to larger gatherings.

The main-level primary suite offers a retreat-like setting with its own fireplace and a newly remodeled bath designed with a spa-inspired feel. Separate vanities, a freestanding soaking tub, and a spacious walk-in shower create a luxurious everyday experience, while two generous walk-in closets add both convenience and exceptional storage.

Downstairs, the walk-out basement opens up even more possibilities. With over 2,000 square feet of living space, a private driveway entrance, and its own garage, this level offers tremendous flexibility. A large recreation room with wet bar, an additional living area, and multiple flex rooms make it well suited for extended guest space, multigenerational living, or customized uses based on lifestyle needs. With a few minor adjustments, the space could even accommodate a full kitchen for a more complete secondary living arrangement.

Car enthusiasts, hobbyists, and those who simply value additional storage will also appreciate the rare four-car garage capacity. In addition to the two-car main-level garage, the basement level includes a separate 600-square-foot garage with workshop space. Both feature sleek epoxy floors, reinforcing the home’s polished, well-considered design.

With more than 6,000 square feet of under-roof usable space, including the home, garages, and screened porch, 1448 Hirst Circle stands apart for its finish level, flexible layout, premier lot, and unforgettable setting. It is a home that offers privacy without isolation, luxury without compromise, and a lifestyle that is just as appealing indoors as it is outside.

Listed by Kristy Rucker – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight April 17, 2026

Wallace Luxury Spotlight | 130 Timber Circle Lenoir City, TN 37772

In today’s market, many buyers are searching for a home that offers both comfort for everyday living and flexibility for what comes next. This beautifully designed basement ranch in Avalon delivers exactly that, pairing the convenience of main-level living with generous additional space below, all in one of Lenoir City’s most sought-after lifestyle communities.

The main level is thoughtfully arranged for ease and efficiency, creating a layout that feels both practical and inviting. The primary suite, an additional bedroom and full bath, laundry area, and the home’s central living spaces are all conveniently positioned on the main floor, making daily life feel seamless and manageable. Whether you are simplifying from a larger property or simply looking for a layout that supports long-term livability, this home offers a smart and comfortable design.

At the heart of the home, the kitchen is complemented by a dedicated breakfast room for casual meals, while the formal dining room connects easily to the kitchen for effortless entertaining. The family room brings warmth and character with built-in bookshelves and a fireplace, creating a welcoming atmosphere for both quiet evenings and lively gatherings. Just beyond, the sun room is filled with natural light and offers a peaceful place to relax while enjoying beautiful evening sunset views.

The lower level expands the home’s versatility in all the right ways. With two additional bedrooms, a full bath, a spacious family room, and extra space ideal for a pool table or game area, there is plenty of room to host guests or create distinct zones for recreation and relaxation. A kitchenette enhances the lower level’s functionality, making it even more convenient for entertaining. This level also includes a dedicated workshop, a flexible bonus room suitable for hobbies, exercise equipment, or storage, and abundant storage throughout to help keep everything organized.

Outdoor living is equally appealing. A covered patio creates a natural extension of the home, offering the perfect setting for gathering with friends or enjoying a quiet evening outdoors. The open yard is easily accessible from both levels and is framed by fantastic views that enhance the property’s sense of openness and privacy.

Part of what makes Avalon so distinctive is its carefully maintained, open landscape. The community is known for its shared green space and uncluttered appearance, creating a beautiful, cohesive setting throughout the neighborhood. Lawn care is maintained by the HOA, including mowing, trimming, and blowing, adding to the ease of low-maintenance living.

Beyond the home itself, Avalon offers access to the amenities of Avalon Country Club, including an 18-hole, par 72 golf course with rolling terrain and scenic elevation changes. Residents also enjoy dining options, pools, tennis, basketball, pickleball, and an active social calendar that adds to the appeal of the community’s lifestyle.

With convenient access to Knoxville, everyday essentials, and major travel routes, this property offers a compelling combination of comfort, flexibility, and lifestyle. It is a home designed not only for where life is now, but for where it is headed next.

Listed by Barbara Stevens – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight April 17, 2026

Wallace Luxury Spotlight | 361 Highway 307 Athens, TN 37303

Some properties offer square footage. Others offer features. This exceptional custom-built home offers something even more rare: the feeling that every detail was thoughtfully considered, every upgrade was chosen with purpose, and every view was meant to be enjoyed for years to come.

Listed by Crystal Freeman of Wallace West Office, this remarkable luxury property is tucked away in a setting defined by privacy and long-term peace of mind. With approximately 2/10 mile of road frontage, a white vinyl fence framing the property, and no visible power poles to interrupt the scenery, the surroundings create a sense of quiet beauty that is increasingly hard to find. Behind the home, 78 acres of actively farmed land lead into more than 1,100 acres of permanently conserved land, helping preserve both the views and the privacy that make this property so special.

Inside the 4,422-square-foot residence, quality craftsmanship is evident throughout. Built with 2×6 exterior walls, 2×12 floor joists, Advantech floor decking, and upgraded insulation, the home was designed for durability, efficiency, and comfort. Ten-foot ceilings add to the home’s spacious feel, while hardwood floors throughout and hand-laid tile in the kitchen, foyer, and bathrooms bring warmth and timeless character.

The living spaces reflect a careful balance of luxury and livability. Wildwood all-wood cabinetry adds richness and custom appeal in the kitchen, living room, office, den, and primary suite. The kitchen is both beautiful and functional, complete with a refrigerator/freezer combination and ice maker for added convenience. Three gas log fireplaces bring warmth and atmosphere to the home, while thoughtful additions like central vacuum help support ease in daily living.

The home includes three bedrooms, two full baths, and two half baths, with a layout designed to support both comfort and flexibility. Whether used for quiet evenings at home, hosting guests, or enjoying the surrounding landscape, the residence offers spaces that feel both refined and inviting.

One of the most distinctive features of this property is the incredible 3,240-square-foot Morton metal building. Designed with serious functionality in mind, it offers 14×12 garage doors on two sides, a half bath, electric air conditioning, gas heat, a car lift, and a sound-buffering ceiling. For collectors, hobbyists, or those in need of versatile storage for equipment, recreational vehicles, or specialty vehicles, this space is a standout feature that sets the property apart.

Additional features throughout the property continue to reinforce the level of care and investment that has gone into this home, including CraneBoard insulated vinyl siding engineered to resist warping and waviness, three HVAC units, a vapor barrier in the crawlspace, a patio plumbed for a gas grill, and security systems for both the residence and the metal building.

This is more than a beautifully built home. It is a rare opportunity to own a property where privacy, protection of surrounding views, quality construction, and flexibility all come together in one remarkable offering.

Listed by Crystal Freeman – Wallace Real Estate West Office | Click here for more information.

Luxury Spotlight April 13, 2026

Wallace Luxury Spotlight | 178 Marble Bluff Drive Kingston, TN 37763

There is something truly special about a home that feels both timeless and inviting, and this custom-built lakefront retreat captures that balance beautifully. Showcasing Colonial Revival architecture with unmistakable Southern charm, this exceptional property offers refined design, thoughtful craftsmanship, and a setting that makes the most of its remarkable waterfront location.

Positioned on a gently sloping lakefront lot, the home is designed to celebrate the view. Nearly every room takes advantage of the water, creating a strong connection to the landscape and bringing a sense of calm throughout the home. A covered boat dock with lift adds another layer of appeal for those who appreciate life on the lake, making it easy to enjoy mornings on the water, afternoon cruises, or peaceful evenings taking in the scenery.

Inside, the home reveals a warm and welcoming interior filled with character. Soaring cathedral ceilings, rich wood trim, and quality windows and doors speak to the care and craftsmanship found throughout. The open floor plan creates an easy flow between the main living spaces, making the home equally suited for quiet everyday living and larger gatherings. Three fireplaces add warmth and architectural interest, giving different areas of the home their own inviting personality.

At the center of it all is an expansive kitchen designed to serve as both a functional workspace and a natural gathering place. Custom cabinetry, granite countertops, a large island, double ovens, built-in pantry storage, and stainless appliances provide the features today’s home chef will appreciate, while the generous layout allows the kitchen to remain connected to the surrounding living and dining spaces.

The home also offers a wonderful variety of spaces that bring flexibility and charm to daily life. A cozy breakfast room provides a comfortable place to start the day, while the formal dining room creates an elegant backdrop for special meals and celebrations. A charming sitting room or study offers a quieter retreat, and the light-filled sunroom with solar shades invites the outdoors in while offering year-round comfort.

The main-level primary suite is a standout feature, offering privacy, comfort, and beautiful lake views. It serves as a peaceful retreat within the home, while additional rooms throughout the property provide exceptional versatility. Though the home is officially configured with three bedrooms per the septic approval, multiple flex spaces are currently used for additional sleeping quarters, an office, and hobby space. This thoughtful layout allows the home to adapt to a variety of needs and lifestyles.

Practical features have not been overlooked. Generous storage, a two-car garage, and a workshop add everyday convenience and functionality, supporting both leisure and organization. Outdoors, covered front and side porches offer inviting places to relax, unwind, and take in the beauty of the lakefront setting.

This property is more than a beautiful home. It is a lakeside retreat defined by elegance, comfort, and enduring design. With its timeless architectural style, quality craftsmanship, and exceptional waterfront setting, it offers a rare opportunity to enjoy lakefront living in a truly memorable way.

Listed by Melissa Smith – Wallace Real Estate Farragut Office | Click here for more information.

Buying a Home April 9, 2026

Wallace Open House Weekend 2026

Explore Open Houses This Weekend!

WRE Event Headers – 2026 04 08T080755.205

Spring has arrived—and with it, one of the hottest times of year for real estate. As the days get longer and the weather warms up, more homes are hitting the market and more buyers are jumping in.

If you’ve been thinking about making a move, now’s your chance to get ahead of the curve. The Wallace Open House Weekend is happening Saturday, April 11th and Sunday, April 12th, with 50+ homes across East Tennessee open to the public.

Whether you’re just starting your home search or have already been looking, this is the perfect opportunity to explore a variety of neighborhoods, see what’s on the market, and maybe even find the one.

Can’t make it to an Open House? No problem—reach out and I’ll be happy to schedule a private tour of any homes you’d like to see.

Explore all properties by clicking the arrow (< >) icons on either side of the list. 

Market StatsReal Estate News & Trends April 9, 2026

March 2026 Real Estate Market Update: What You Need to Know

As spring begins to unfold across East Tennessee, the housing market is showing some familiar seasonal momentum, along with a few important shifts that buyers and sellers should be paying attention to.

One of the clearest takeaways from March 2026 is that inventory is continuing to grow. New listings increased compared with this time last year, which is typical for spring, but it also suggests that more homeowners are feeling confident about putting their homes on the market. For buyers, that means more options to consider. For sellers, it means the market is becoming more competitive, and making a strong first impression matters more than ever.

That trend becomes even more apparent when looking at active listings. There are noticeably more homes on the market than there were a year ago, giving buyers more room to compare properties, take their time, and weigh their choices. While this does not mean the market has turned upside down, it does mean we are continuing to move away from the ultra-tight inventory conditions of the past few years. Sellers can still be successful, but pricing, presentation, and condition are playing a bigger role in how quickly a home stands out.

At the same time, buyer demand has not disappeared. Pending sales remained strong in March, which is an encouraging sign for the overall health of the market. Even with more inventory and a bit more caution among buyers, homes are still going under contract. That tells us serious buyers are still out there. They are simply being more selective and more intentional in their decisions. Well-priced homes that are properly prepared for the market are still attracting attention.

Closed sales in March were slightly lower than they were a year ago, but that does not necessarily reflect weaker current demand. Closed transactions often lag behind real-time activity because they represent homes that went under contract in previous weeks. With pending sales remaining healthy, the current pipeline may be stronger than the closings number alone would suggest.

Another important measure is months of supply, which moved higher again in March. This is one of the best indicators of how the market feels overall. In simple terms, it means the market has more breathing room than it did during the peak of the inventory shortage. Buyers may have more negotiating power than they did before, and sellers should be prepared for a process that may involve more comparison shopping and more thoughtful decision-making.

The good news is that home values have remained relatively stable. The median sales price showed only a modest change from last year, which reinforces an important point: while conditions have become more balanced, prices are not falling apart. This is not the frenzy of the last cycle, but it is also not a collapsing market. Instead, it is a market where realistic expectations and neighborhood-specific pricing matter more.

Average days on market also increased from last year, which aligns with what many people are seeing on the ground. Homes are generally taking longer to sell, and buyers are being more careful before making an offer. That makes preparation especially important. Sellers benefit from thoughtful pricing, strong marketing, and taking the time to present their home well from the start.

Overall, March 2026 points to a market that is becoming more balanced and more strategic. Inventory is up, buyer activity is still healthy, prices are relatively steady, and the pace has become a little more measured. For buyers, that can mean more choices and a little more room to negotiate. For sellers, it means success is still very possible, but the right strategy matters.

In a market like this, expert guidance can make all the difference. Whether you are thinking about buying, selling, or simply trying to understand what these changes mean for your goals, having a trusted local real estate professional by your side is more important than ever.

*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.

Lifestyle April 9, 2026

Making the Most of Spring at Home in East Tennessee

After winter finally comes to an end, there’s something about spring in East Tennessee that makes home feel new again. The days are a little longer, the trees are beginning to bloom, and suddenly porches, patios, and backyards start calling our names.

It’s also the time of year when many people begin looking at their homes with fresh eyes. Maybe you’re opening the windows more often, spending extra time outside, or simply noticing little ways your space could feel lighter, brighter, and more enjoyable for the season ahead.

The good news is that making the most of spring at home does not have to involve a major renovation or a long to-do list. Sometimes, a few thoughtful changes can help your home feel refreshed and ready for the months ahead.

Start with the spaces you use the most. That might be your front porch, kitchen, living room, or backyard patio. Spring is a great time to clear away the heaviness of winter and bring in simple updates that make everyday life feel a little easier and more inviting. Lightweight throws, fresh flowers, a new doormat, or even just a de-cluttering and deep clean can go a long way.

Outdoor living also takes center stage this time of year. In East Tennessee, spring often gives us some of the best weather of the year, making it the perfect time to enjoy a morning coffee on the porch, host a casual cookout, or simply unwind outside in the evening. You do not need a large yard or elaborate setup to create a welcoming outdoor space. A few comfortable chairs, some potted plants, and a little attention to cleanup can transform a porch, deck, or patio into one of your favorite places to be.

Spring is also the perfect season to give curb appeal a little attention. As everything around us starts turning green again, small touches can make a big difference. Fresh mulch, trimmed shrubs, colorful planters, and a tidy entryway all help your home feel more polished and inviting. Whether you are thinking about selling this year or simply want to enjoy where you live a little more, these updates can help your home make a strong impression.

Inside, spring can be a good time to simplify. Putting away heavier seasonal items, clearing off surfaces, and letting in more natural light can make your home feel more open and energized. It is less about perfection and more about creating a space that feels good to live in.

One of the best things about spring is that it reminds us home is not just about square footage or features. It is about how a space supports your life. It is where you gather, rest, recharge, and make memories. This season offers a great opportunity to reconnect with your home and enjoy it in a new way.

And for those who are starting to think about a move, spring is also a natural time to explore what comes next. Whether you are dreaming about more outdoor space, a different layout, or a home that better fits your current lifestyle, this season tends to inspire fresh possibilities.

In the meantime, there is a lot to enjoy right where you are. Open the windows, freshen up a favorite space, and take advantage of everything spring in East Tennessee has to offer.