PRICE IMPROVEMENT

Luxurious Estate Home on Tellico Lake. Just $5,579,040

Lake Home Sale Pending

PRICE IMPROVEMENT

Luxurious Estate Home on Tellico Lake. Just bring your suitcase. Step into unparalleled luxury with this highly sought-after estate home on Tellico Lake with miles of unobstructed views, nestled within the exclusive gated community of Rarity Bay and possibly one of the most luxurious lake homes on the Tennessee river. The owners are motivated and are willing to include all the custom furnishings and their brand new 25-foot Godfrey Pontoon boat with a 300hp Yamaha engine. This turnkey masterpiece is now on the market for less than its replication cost, offering an extraordinary opportunity to own a piece of East Tennessee's finest real estate. Built by one of East Tennessee's most prestigious custom home builders and completed just twelve months ago, this exquisite residence boasts a fully custom interior designed by the renowned Louise Dover Interiors of Knoxville, Tennessee. Spanning approximately 10,000 square feet, this fully furnished home features six bedrooms, nine bathrooms (including four ensuites), and showcases the best views in the entire community. Conveniently located just thirty minutes from Knoxville Airport. This home is situated in an area known for the lowest real estate taxes in the country, one of the lowest crime rates in the country, and boasts one of the highest affordability states in the 50 states. The community itself offers an array of amenities, including an equestrian center, an eighteen-hole golf course with a country club, tennis and pickleball courts, and multiple marinas. Set on a meticulously landscaped one-acre lot, this prestigious home includes a three-car garage and a personally deeded boathouse with two motorized lifts. The residence spans three luxurious levels, with the gently sloped walk-out ground floor featuring two primary suites, an oversized living area with a bar, a separate exercise room, a built-in sauna, a music room, and a billiards room. The expansive bar area, which seats eight, is equipped with a wine cooler, refrigerator, ice maker, microwave oven, and dishwasher. The main floor is adorned with hardwood floors, covered in elegant carpeting and furnished to the highest of standards. The gourmet kitchen boasts stainless steel appliances, including two dishwashers, double ovens, and a gas cooktop. The spacious owner's suite features his-and-her walk-in closets, a private relaxation area, and a luxurious ensuite bathroom. Also on the main level is an elegant, oversized laundry room complete with a crystal chandelier and an Electrolux free standing freezer with a double icemaker. The main living area impresses with twenty-foot vaulted ceilings and one of the three oversized gas fireplaces. Ascend the elegant staircase or take the elevator to the second floor, where you'll find three additional bedrooms, including another primary suite with an ensuite bathroom. Additional amenities include a Generac generator for uninterrupted power, two 125-gallon continuously flowing hot water heaters, a fully enclosed concrete safe room, four separate dual fueled HVAC units providing ten tons of air conditioning, a twenty-station sprinkler system that draws from the lake, two decks offering unparalleled panoramic views of the Tennessee River, a separate grilling porch with a gas-fed custom grill and hood vent, and two EV charging stations in the garage. From your private Tennessee River access, you can boat north to the University of Tennessee campus or south and east into the Smoky Mountains, reaching all the way to the Gulf of Mexico or Lake Michigan. A full Golf Membership is available to Rarity Bay's semi-private golf course, adding to the lifestyle of luxury and leisure that awaits you in this magnificent estate home. Seller to pay $25,000 in closing costs on behalf of the buyer.