7514 Rivertrace Blvd, Knoxville, TN 37920

You asked for it--here it is! Spectacular Fort Loudon Lakefront Estate - Luxury Living with Instant Equity in Knoxville, TN. Welcome to this breathtaking 5,112 sq ft lakefront masterpiece perfectly situated along 173 feet of prime shoreline on Fort Loudon Lake with a 600 sq ft covered dock with boat lift and electrical service and an additional 10' x 45' lakeside deck for entertaining. All this and offering multigenerational living options with a second living space in the finished walk out basement and an additional living quarters in the guest house/apartment. Septic rated for 3 bedrooms but you'll find 3 additional 'flex' rooms AND if you prefer you may connect to city sewer system. With over $480,000 in renovations in the past 18 months and a recent appraised value of $1.974M, this exceptional home is being offered well below appraisal, providing instant equity to the discerning buyer. If location is important, this one can't be beat. Downtown Knoxville is a quick commute and the airport is easily accessible or take the boat on the water to cruise and enjoy all this gorgeous area has to offer! MAIN LEVEL - LUXURY & LIGHT - Floor-to-ceiling stone fireplace anchors a grand living room with gorgeous hardwood flooring and oversized windows showcasing year-round panoramic lake views. - New kitchen features soft-close cabinetry, tile flooring, a massive quartz island, and brand-new appliances. - Primary main level suite includes a private office, spa-quality curbless tile shower with 8 body jets + foot wash, and a large walk-in closet. - A second bedroom on the main offers its own full en-suite bath ensuring comfort and privacy - Finishing out the main level is a convenient half bath and a very impressive full laundry room. LOWER LEVEL - PRIVATE SUITE & SECOND LIVING QUARTERS - Fully finished walk-out basement includes: - A second master suite with a private bath, walk-in closet, and French doors opening directly to the lake. - An additional bedroom and full bath, creating a fully self-contained living space. - Expansive open-concept living area with stone fireplace and two large glass doors facing the water. - A sleek new kitchen with granite island, new appliances, walk-in pantry, and a second laundry room. And if that's not enough space this gorgeous home offers a GUEST HOUSE - PRIVATE & SELF-SUFFICIENT - Above the garage sits a private guest suite/in-law suite or the perfect college apartment featuring: - Two bedrooms, a full bathroom, a new kitchen with pantry and appliances, and a cozy commons area. - A screened breezeway connects the guest house to the main home, offering covered outdoor entertainment space with stunning lake views. OUTDOOR PARADISE & FUNCTIONAL FEATURES - 600 sq ft covered dock with boat lift, electrical service, water spigot and an additional 10' x 45' lakeside deck for entertaining. You'll enjoy time on the covered decks all while taking in gorgeous water views! Parking for up to 10 vehicles, a 2-car garage, and a detached shed with skylight. - RECENT MAJOR UPGRADES - New roof, siding, gutters, HVAC units, and keyless entry on all exterior doors. - All bathrooms feature brand new vanities, showers, toilets, and modern fixtures. - Septic recently inspected, pumped and risers installed. NOTE: While most of the home has been extensively renovated, a few minor finishing touches remain, offering a unique chance for the next owner to personalize the final details of this remarkable property. This is more than a home - it's a lakefront lifestyle with room for multigenerational living and equity from day one. A property with this much to offer, located on the water, and at this price point is truly a rare find. If you're seeking quality, space, and serenity with immediate value, schedule your private showing today.