If you're going to HAVE a lake house, you're going to HAVE guests! So where are you going to put them? Are you going to kick your kids out of their rooms or have your guests sleep on your couch?? You could... or you could buy the only home for sale in this price bracket by Lake Cherokee that comes with a stylish, all furnished guest suite with its own entrance and storeroom! This versatile addition to the home could also be rented out by the weekend, all summer long providing extra income. If you're not quite ready to retire and you're dreaming of a second home by the lake, but you're hesitant because you don't want the hassle of furnishing it. This updated 5-bedroom, 3-bath home comes FULLY FURNISHED, including a BIG SCREEN T.V. and an AIR HOCKEY table making it instantly ready for your family reunion or turn it into an Air BNB, (both the home and the guest suite can be rented separately). This home offers sweeping lake views, total freedom (no HOA, no restrictions), - all just 40 minutes from Knoxville. Step inside to a bright, open-concept living area with windows on three sides. The brand- new kitchen boasts granite countertops, beautiful tile backsplash, brand-new stainless-steel appliances, and an expansive kitchen island with lake views. The new wrought iron staircase and landing also bring luxury to lake living. You can kick back and relax with new waterproof luxury vinyl plank flooring throughout the main living area for durability and elegance. Need flexible living arrangements? The private-entry apartment includes its own kitchenette, living/dining room, and full bath, making it perfect for multigenerational living or your own master suite. Open the entry to the main living quarters for easy access or keep it closed for privacy. Downstairs is a versatile walkout basement with a game room and storage room. Outside, the magic continues -- relax on the expansive wraparound deck with lake views on two sides. In the evening, you can gather around the fire pit under string lights to make memories with friends and loved ones. Bring your boat, an easy boat ramp is conveniently located on Gilmore Rd. There is also a carport for boat parking at the mouth of the circular driveway. With new updates, scenic beauty, and entertainment-ready spaces both inside and out, this home is your chance to live the LAKE LIFE you've been dreaming of.