Waterfront Villa in Rarity Bay - Priced to Move. At $775,000, opportunities like this are hard to find--especially for a true lakefront property on Tellico Lake, where the majority of lakefront homes are well over $1 million. This 3,100+ sq ft villa offers the perfect blend of comfort and lake living, with a main-level primary suite, open living spaces, and a walk-out lower level featuring a second kitchen, living area, two bedrooms, and full bath--ideal for guests or entertaining. The lower level also features a screened-in patio that opens to a spacious backyard with a gentle slope down to the lake--plus another great spot to relax and take in the views. Enjoy year-round lake views from the tiled sunroom and the deck off the main-level living area, easy access to the water, and covered boat slips within walking distance--giving you the ability to keep your boat right in your backyard. Located in the gated community of Rarity Bay, you'll have access to golf, dining, fitness, pickleball, pool, social events, walking trails, and over 10 miles of shoreline. Includes a full golf membership valued at $30,000. An unbeatable lakefront opportunity at a price point that's hard to come by.
| Total Living Area: | 3168 sq. ft., |
| Garage/Parking: | 2 garage spaces, parking spaces |
| Approx. Acres: | 0.16 |
| Living Area - Main Level: | 1623 sq. ft. |
| Living Area - 2nd Floor: | 0 sq. ft. |
| Living Area - Lower: | 1545 sq. ft. |
| Sign in for details |
| Year Built: | 2000 |
| Taxes (Total): | $2,045 |
| City Taxes: | $0 |
| County Taxes: | $2,045 |
| Parcel #: | 078I A 03300 000 |
Listed by Sam Allen of Allen Realty
ETN # 1335736© Knoxville Area Association of Realtors® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the KAAR MLS.
East Tennessee Realtors® MLS data last updated on Friday, May 1, 2026 at 12:22 AM