Homes for sale in Farragut TN are hard to come by. Even more so in the sought-after Fox Run Subdivision. This beautiful home with a Stephen Fuller Southern Living floor plan is the one you’ve been waiting for. Gorgeous updated eat-in kitchen features vaulted ceilings, an abundance of granite counters for prep space and stainless steel appliances including a gas stove and farm sink. The main level also includes the owner’s suite with a wall of windows and access to the back deck. Owner’s bath has dual sinks, custom tub (easy replacement as it’s a standard-size opening) and walk-in shower. The main level also includes the formal dining room, office, and laundry room with utility sink. Upstairs you’ll find the 4 additional bedrooms and a bonus room. Outside you’ll love the privacy in the large backyard which includes a deck, patio, and gazebo with natural gas for a grill. During the warmer months you’ll enjoy Fox Run’s 2 pools, clubhouse, and play fields. For more information or to schedule a private showing contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today.
Knoxville Buyers Are Finding More Space in the Luxury Home Market
A year ago, additional space and extra amenities had a very different feel for Knoxville homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.
The Institute for Luxury Home Marketing (ILHM) explains:
“With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback.
For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.”
This was not the case at this time last year, as the most recent Luxury Market Report from ILHM emphasizes:
“Exactly one year ago, we reported that demand for large properties, mega mansions, private estates, and luxury ranches had reduced significantly over the previous few years; especially from the younger generation of luxury property buyers.”
For today’s buyers looking for larger homes in Knoxville, steady increases in equity might be what makes a move possible. Leveraging home equity makes it easier to afford the down payment on a luxury home, and current low interest rates are making mortgage payments more affordable than they have been in years. The report from ILHM also notes:
“Luxury real estate prices may continue to strengthen further into the third quarter, as the affluent continue to see large investment returns from the currently strong stock market.
Coupled with the low interest rates, the policies granting (and insisting) on working from home implemented by many employers, and the concerns of the pandemic, all translate to the affluent increasingly trading in their city lifestyle for a home that has it all.”
Clearly, today’s strong gains in home equity paired with record-low interest rates make fall a great time to move up into the Knoxville luxury market to meet those changing needs.
Bottom Line
If you’re ready to gain some breathing room in a larger home, let’s connect so you have the guidance you need to find more space in the Knoxville luxury home market.
VIDEO TOUR: Take a walk through 11468 Woodcliff Drive in Farragut!
UNDER CONTRACT!
Beautiful, updated, 3 story home in the heart of Farragut at 11468 Woodcliff Drive, Knoxville, TN 37934. The super convenient location is minutes from shopping, parks, schools, the lake, and more. The interior of the home has a spacious kitchen featuring freshly updated quartz counters. The welcoming family room has space for friends and family and allows easy access to the expansive deck which overlooks the park-like backyard that was brought to life by the owner who is a master gardener. The 2nd level features 4 bedrooms and 2 additional baths, then venture up to the 3rd level for a large bonus room/or 5th bedroom and additional bath. The Inverness Subdivision features a clubhouse and community pool. Offered at $450,000.
Contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 for more information or to schedule a private showing.
VIDEO TOUR: Take a walk through 616 East Fox Den Drive in Farragut!
SOLD!
616 E FOX DEN DRIVE, KNOXVILLE, TN 37934. Offered at $385,000. This recently remodeled home located in Farragut’s Woodchase Subdivision is conveniently located 5-10 minutes from everything you might want or need. Restaurants, grocery stores, department stores, private (Fox Den) and public golf courses, hospitals, public parks, the library, lakes, and the interstate for a quick 20 minute jaunt to downtown Knoxville or a bit further to the mountains. Refreshed kitchen with new counters, appliances, and painted cabinets. New bathrooms with double vanities. New flooring. 2 newer (one brand new) HVAC units. Enjoy the large family room with stone fireplace or walk out to the screened porch overlooking the flat backyard. Separate office on the main level if you are working from home. Huge owner’s suite and 3 more bedrooms upstairs. EXTRA LARGE 2 car garage! As crazy as this market is, the OPEN HOUSE may be your only opportunity to see this home and make an offer. We hope to see you there!
Amazingly cared for basement home in Farragut Crossing
SOLD! The Farragut home you’ve been searching for! Located toward the end of a cul-de-sac street in uber convenient Farragut Crossing, you have the benefit of privacy and to be within 5 minutes of amazing shopping, restaurants, healthcare, and schools. Best of both world’s collide here with an established subdivision with mature trees but a home that has had most of the major systems replaced. New master bath (2015), new carpet (2016), new appliances, granite counters and backsplash (2011), new roof, garage doors, gutters (2011), new hot water heater (2015), 2 new HVAC units (2017). Other notables include: 9′ smooth ceilings, all hardwood floors downstairs, dual staircases (both hardwood), loads of natural light. This is a one owner home that has been smoke and pet free. 4BR/3.5BA plus a bonus room and plenty of room for storage or expansion in the unfinished, walk-out, basement! Beautiful yard with approximately 14 Dogwood trees. All Farragut Schools. For more information or to schedule a showing, contact Troy Stavros with Gables & Gates, REALTORS at 865-999-0925.
Gorgeous Farragut Home located in Sweet Briar Subdivision
SOLD! The Farragut home you’ve been looking for. 11447 Bancroft Lane, Knoxville, TN 37934. Incredibly convenient location in the Sweet Briar Subdivision has you minutes from the library, all Farragut Schools, Turkey Creek shopping, movies, and the interstate. You will be surprised with the extremely generous room sizes (room for beds and toys!). Main level features an open concept eat-in kitchen with granite counters galore that overlooks the family room with fireplace, along with a large office and dining room flanking the sun filled foyer. A short trip up the centrally located wood staircase gives you access to the 4 large bedrooms, one being a massive owner’s suite with bay window perfect for reading a book. Were not done yet! Up one more set of stairs in the hall and surprise.. a 3rd level bonus room perfect for a playroom, teen hangout, or man cave. In the back there is a patio for grilling and enjoying that great weather that is just around the corner, backed by an oversized, flat yard that is fenced on 3 sides. Add the 3 car garage and that makes this home everything that you need! Contact Troy Stavros with Gables & Gates, REALTORS at 865-999-0925 for more information.