$2,300,000
↓ $50K (2.1%)
●
House -
Active
5228 Lance Drive
Knoxville, TN 37909
6 Beds
6 Baths
7,989 Ft²
$11,487
Est. Monthly
About This Property
Your Personal Sanctuary awaits: a newly built, beautifully designed
estate with flexible living spaces, income potential, and a
one-of-a-kind indoor pickleball amenity!
This stunning home is nestled on a secluded 3 acre parcel in West Knoxville. Located in the peaceful Timbercrest neighborhood, this property offers....
2 homes connected by a covered breezeway!
Home 1 (3,189 Sq Ft)...
4 Bedrooms
3 Full Baths
2 Car Garage equipped with EV Charger
2 Bonus Rooms (unfinished)
Beautiful Open Concept Kitchen
Spacious Living & Dining Room
Electric Fireplace
Covered Patio with fans
Generac
Vivint Home Security Systems
Home 2 (4,800 Sq Ft)...
Two One Bedroom Apartment Style Units
Each with a Full Kitchen, Living Room, Laundry machines, Full Bathroom, and a 1-Car Garage...
Both units are currently rented by Owner via AirBNB and Furnished Finder.
Indoor Pickleball court showcases a full kitchen, full bathroom, and storage space for every family event entertainer's wish list!
All appliances are only 1 year old!
There's No HOA and No Restrictions.
These luxurious modern homes with high end touches overlook rolling fields leading to the woods that hug the property line, providing a retreat-like seclusion in an area close to all that Knoxville has to offer.
It's just minutes from the University of Tennessee, UT Medical, great schools, and local stores.
Book a tour today!
*Buyer is encouraged to verify all information and carry out their due diligence.
This stunning home is nestled on a secluded 3 acre parcel in West Knoxville. Located in the peaceful Timbercrest neighborhood, this property offers....
2 homes connected by a covered breezeway!
Home 1 (3,189 Sq Ft)...
4 Bedrooms
3 Full Baths
2 Car Garage equipped with EV Charger
2 Bonus Rooms (unfinished)
Beautiful Open Concept Kitchen
Spacious Living & Dining Room
Electric Fireplace
Covered Patio with fans
Generac
Vivint Home Security Systems
Home 2 (4,800 Sq Ft)...
Two One Bedroom Apartment Style Units
Each with a Full Kitchen, Living Room, Laundry machines, Full Bathroom, and a 1-Car Garage...
Both units are currently rented by Owner via AirBNB and Furnished Finder.
Indoor Pickleball court showcases a full kitchen, full bathroom, and storage space for every family event entertainer's wish list!
All appliances are only 1 year old!
There's No HOA and No Restrictions.
These luxurious modern homes with high end touches overlook rolling fields leading to the woods that hug the property line, providing a retreat-like seclusion in an area close to all that Knoxville has to offer.
It's just minutes from the University of Tennessee, UT Medical, great schools, and local stores.
Book a tour today!
*Buyer is encouraged to verify all information and carry out their due diligence.
Unit Size
7,989 Ft²
Days on Market
148 days
Land Size
3.00 acres
Price per sqft
$288
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 hours ago (East Tennessee Realtors #1343516)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2026 | Price Decreased |
$2,300,000
↓ $50K
(2.1%) | |
| Price Decreased | |||
| Oct 4, 2026 | Price Decreased |
$2,350,000
↓ $50K
(2.1%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by eXp Realty, LLC | $2,400,000 | |
| Listed by eXp Realty, LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Door Opener, Attached, RV Access/Parking, Main Level
Garage Spaces: 4
Interior Details
Full Bathrooms: 6
Interior Features: Walk-In Closet(s), Kitchen Island, Pantry, Eat-in Kitchen
Appliances: Tankless Water Heater, Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Rooms: 15
Has Fireplace
Fireplace Features: Electric, Insert
Fireplaces: 1
Basement: Slab
Exterior Details
Square Footage: 7989
Security Features: Smoke Detector(s), Security Alarm
Architectural Style: Contemporary
Year Built: 2025
Building Area Total: 7989
Construction Materials: Vinyl Siding, Wood Siding, Brick
Patio and Porch Features: Covered, Patio
Lot Features: Private, Wooded, Level, Rolling Slope
Lot Size Area: 3
Lot Size Units: Acres
Lot Size Acres: 3
Lot Size Square Feet: 130680
Water Source: Public
Financial Details
Tax Annual Amount: $2,312
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central, Heat Pump, Natural Gas, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Swimming Pool
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Knoxville
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Listed by: Nilsa Alvarez
Listed Office: eXp Realty, LLC - Listing courtesy of East Tennessee Realtors
Phone: 888-519-5113
Last Updated: 2026-11-01 15:03:32
Last Checked: 6 hours
Data Source: East Tennessee Realtors, MLS# 1343516
Firm Name: Lee Chuan Lin, Phone number: 425-283-2930, Firm address: 335 Madison Avenue, New York, NY 10017
Listed Office: eXp Realty, LLC - Listing courtesy of East Tennessee Realtors
Phone: 888-519-5113
Last Updated: 2026-11-01 15:03:32
Last Checked: 6 hours
Data Source: East Tennessee Realtors, MLS# 1343516
Firm Name: Lee Chuan Lin, Phone number: 425-283-2930, Firm address: 335 Madison Avenue, New York, NY 10017
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017