NOT LISTED FOR SALE

Estimated Value: $4,081,000 - $4,378,000

6 Beds
7 Baths
8,570 Sq Ft
$495/Sq Ft Est. Value

Sale Details

Date Sold: March 14, 2025

Last sale price $4,000,000 $467 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $24,529 / mo

120 Days on Market

Highlights

  • Lake Front
  • Docks
  • Fitness Center
  • Boat Ramp
  • Golf Course Community
  • In Ground Pool

About This Home

As of March 2025

This majestic 8,000+ sq foot custom designed estate was built in 2022 and strategically positioned on two of the finest homesites on Tellico Lake, boasting of lake views in both directions while preserving your privacy. Enjoy your own private sandy beach and dual slip private boat dock with year round water. Lake-irrigated landscaping with impressive hardscape, including stone pavered driveway and patios. Exceptional entertaining area with large gunite salt water pool surrounded by Tellico Lake. This custom built home offers 6 bedroom, 5 full bathrooms and 2 half baths. The main level of the home is tailored for daily living and taking in the unprecedented lake views throughout the home. Upon entry you will find a magnificent 2-story entrance with coffered ceiling in the great room and dining area, a butlers pantry and a generous kitchen accommodating 2 islands, with Miele dishwasher, subzero refrigerator, Wolfe microwave, 5 burner Wolfe gas cooktop accompanied by a pre-sink, double Wolfe ovens, and an oversized pantry. The breakfast room is surrounded by lake views with access to a screened in porch. The large primary suite with a gas fireplace, double trey ceilings, double crown moldings with a bay room sitting area with access to the deck. The primary bath even has lake views! Enter the upper level via 2 different staircases. It consists of 2 en suite bedrooms, sitting area, office (possible bedroom), unfinished bonus room, plumbed in for a kitchen/bathroom addition. The lower level is specifically designed for an additional living quarters or entertainers dream! The additional primary suite is surrounded by lake views and access to patio and pool. The recreational room boasts of a large area for movie watching, pool, shuffle board, and a gas fireplace with custom built-ins. The kitchen consists of a cherry/mahogany pre-civil war bar from a hotel in St. Louis with built in taps, dishwasher, sink, area for a fridge with an area designed for a wine cellar/pantry. Continued in the lower level is a en suite bedroom/exercise room, pool room with epoxy flooring, sink + washer/dryer hookups, powder room, cedar lined closest, work shop with peg boarding, 2 covered pool terraces, large utility room or possible additional workshop. Further amenities include: Additional TVA land for an approximate total of 4 aces of total land, 3 stop elevator, HVAC zones, electric static filters, Low-E Pella architectural casement windows, natural gas tankless hot water heater with circulatory pump. This masterpiece is matched by the admirable topography and location as being the best lakefront land on Tellico Lake. Rarity Bay offers an active adult living lifestyle with a 24/7 manned gated community, fully staffed clubhouse, pro shop, golf course, workout center, pool, pickle-ball, tennis, sidewalks, dog park, community garden, boat launch and over 50 community organized activities. Buyer to verify sqft. Total finished sqft includes main level sun room, lower level workshop, lower level storage off cedar lined closet & pool storage.

Last Agent to Sell the Property

Tammy Garber

Keller Williams Signature License #289850 Listed on: 01/16/2025

Keller Williams Signature

Co-Listed By

Luke Noe

Rarity Bay Properties, LLC License #304073

Last Buyer's Agent

Tracy Payne

Engel & Volkers Knoxville License #361991

Engel & Volkers Knoxville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,620

Year Built

  • Built in 2022

Lot Details

  • 2.36 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped Professionally
  • Private Lot
  • Level Lot
  • Rain Sensor Irrigation System

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Parking Available
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Property Views

  • Lake
  • Mountain

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 8,570 Sq Ft Home
  • Elevator
  • Wet Bar
  • Living Quarters
  • Central Vacuum
  • Tray Ceiling
  • Cathedral Ceiling
  • 4 Fireplaces
  • Gas Log Fireplace
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Sun or Florida Room
  • Screened Porch
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Recreation or Family Area in Basement

Outdoor Features

  • In Ground Pool
  • Access To Lake
  • Docks
  • Dock Permitted
  • Balcony
  • Deck
  • Patio
  • Storm Cellar or Shelter

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 078B A 020.00

Community Details

Overview

  • Association fees include some amenities
  • Rarity Bay Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Community Boat Dock
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Putting Green

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,620

Year Built

Built in 2022

Lot Details

2.36 Acres

HOA Fees

$262 per month

Parking

4

Listing Details

  • Directions: 75S, exit 72, Left onto TN-72, Turn left onto Rarity Bay Pkwy, Turn right onto Amblecrest Dr, Turn left onto Bay Point Rd, Home is in at the end of the cul-de-sac
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 2022
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 2.36
  • Co List Office Phone: 888-727-4892
  • Subdivision Name: Rarity Bay
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Appraiser
  • View:Mountain View: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Lot Description:Lakefront: Yes
  • Lot Description:Waterfront Access: Yes
  • View:Lakefront2: Yes
  • Contract Info:List PriceSqFt2: 536.75
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 3459.0
  • General Property Description:SqFt - Down Lvl: 1652.0
  • General Property Description:SqFt - 2nd Flr Lvl: 3459.0
  • General Property Description:_pound_ Fireplace: 4.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Lot Description:Private: Yes
  • Percent Basement Finished: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • Basement Walkout: Yes
  • Dining Area:Formal Dining Area: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Lot Description:Golf Community: Yes
  • Dining Area:Breakfast Bar: Yes
  • Dining Area:Breakfast Room2: Yes
  • Misc Features:Trey Ceiling: Yes
  • Misc Features:Wet Bar: Yes
  • Misc Features:Elevator2: Yes
  • Misc Features:Storm Shelter: Yes
  • Floors:Marble: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: Tankless Wtr Htr, Dishwasher, Disposal, Microwave, Self Cleaning Oven
  • Basement YN: Yes
  • Has Basement: Walkout, Finished, Partially Finished
  • Fireplace: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Gas Log
  • Fireplaces: 4
  • Flooring: Marble, Carpet, Hardwood, Tile
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Addl Living Quarter: Yes
  • Basement:Partially Finished: Yes
  • Other Rooms:Basement Rec Room: Yes
  • Other Rooms:DenStudy: Yes
  • Other Rooms:Sunroom: Yes
  • Appliances:Tankless Wtr Htr: Yes
  • Other Rooms:Great Room: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Breakfast Room: Yes
  • Appliances:Central Vacuum: Yes

Exterior Features

  • Exterior Features: Irrigation System, Prof Landscaped, Balcony, Dock
  • View: Mountain View
  • Lot Features: Lake/Water Access, Cul-De-Sac, Private, Lakefront, Current Dock Permit on File, Golf Community, Level
  • Construction Type: Brick
  • Exterior Features:Deck: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Exterior Features:Porch - Screened: Yes
  • Exterior Features:Porch - Covered: Yes
  • Construction:Frame - Brick: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Prof Landscaped: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Pool - Swim (Ingrnd): Yes
  • Exterior Features:Dock: Yes
  • Exterior Features:Irrigation System: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Garage Door Opener, Attached, Main Level
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:SideRear Entry: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling
  • Sewer: Public Sewer, Septic Tank
  • Security: Gated Community, Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Clubhouse, Golf Course, Security, Pool, Tennis Court(s)
  • Association Fee: 3140.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Sidewalks: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Security2: Yes
  • Community Amenities:Tennis Courts: Yes
  • Association Fee Incl:Some Amenities: Yes

Fee Information

  • Association Fee Includes: Some Amenities

Lot Info

  • Lot Size Sq Ft: 102801.6
  • Parcel #: 078B A 020.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13620.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Mar 14, 2025
Sold by
Closky David and Forman Elizabeth
Bought by
Harvey C Gannon Jr Revocable Trust and Gannon
Seller's Agent
Tammy Garber
Keller Williams Signature
Buyer's Agent
Tracy Payne
Engel & Volkers Knoxville
List Price
$4,600,000
Sold Price
$4,000,000
Premium/Discount to List
-$600,000
-13.04%
Views
10
Current Estimated Value
$4,239,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,850
Avg. Annual Appreciation
5.15%

Purchase Details

Listed on
Mar 17, 2022
Closed on
May 17, 2022
Sold by
Gibson and Nancy
Bought by
Closky David and Forman Elizabeth
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Wil Glafenhein
Honors Real Estate Services LLC
List Price
$3,999,000
Sold Price
$3,999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.01%

Purchase Details

Listed on
Nov 15, 2018
Closed on
Feb 15, 2019
Sold by
Sloan Jeffy E
Bought by
Gibson Paul and Gibson Nancy
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Jeff Farruggia
Re/Max At The Lakes
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.12%

Purchase Details

Closed on
Nov 16, 2015
Sold by
Held Janke Lisa
Bought by
Sloan Charles

Purchase Details

Closed on
Jul 13, 2012
Sold by
Sloan Charles
Bought by
Janke Lisa Held
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Harvey C Gannon Jr Revocable Trust $4,000,000 Foothills Title Services Inc
Closky David $3,999,000 Forderhase Greg
Closky David $3,999,000 Forderhase Greg
Gibson Paul $300,000 Skyway Title Services
Sloan Charles -- --
Janke Lisa Held $275,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2025 03/14/25 Sold $4,000,000 -13.0% $467 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
09/19/2024 09/19/24 For Sale $4,600,000 +15.0% $537 / Sq Ft
05/17/2022 05/17/22 Sold $3,999,000 0.0% $488 / Sq Ft View Prior Sale
04/28/2022 04/28/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $3,999,000 +627.1% $488 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
02/15/2019 02/15/19 Sold $550,000 -- -- View Prior Sale
Source: East Tennessee REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,863 $897,050 $250,000 $647,050
2024 $13,620 $897,050 $250,000 $647,050
2023 $13,620 $897,050 $0 $0
2022 $9,936 $654,425 $250,000 $404,425
2021 $3,796 $250,000 $250,000 $0
2020 $2,254 $250,000 $250,000 $0
2019 $2,254 $125,000 $125,000 $0
2018 $2,254 $125,000 $125,000 $0
2017 $2,254 $125,000 $125,000 $0
2016 $2,323 $125,000 $125,000 $0
2015 $2,323 $125,000 $125,000 $0
2014 $2,323 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1276905

East Tennessee REALTORS® MLS

APN: 078B-A-020.00

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