Luxury living with breathtaking views of Tellico Lake and the Smoky Mountains! This spacious 5-bedroom, 4.5-bath home is a true East Tennessee retreat, offering a beautifully designed floor plan, an oversized 3-car garage, and an additional basement golf cart/workshop garage. Enjoy spectacular Smoky Mountain and Tellico Lake views from the composite deck, enclosed sunroom, primary suite, and nearly every main living area. A grand foyer welcomes you into the living room featuring hardwood floors, custom built-ins surrounding the fireplace, a wet bar with beverage center and sink, and expansive windows that perfectly frame the incredible views. The gourmet kitchen offers warm wood cabinetry, granite countertops, dual sinks, a gas cooktop, built-in Whirlpool oven and microwave, two walk-in pantries, and a spacious dining area to take full advantage of the scenery. The large composite deck is a highlight of the home, facing East and perfect for shaded evenings to enjoy your beverage or morning coffee. Both the living room and the primary suite open directly into the enclosed sunroom, which was recently renovated with LVP flooring. The primary suite is a private retreat filled with natural light, featuring new carpet, a spa-like ensuite with a jetted tub, walk-in tile shower, dual walk-in closets, an attached laundry room, and 2 dedicated office/sitting areas with built-in desks--perfect for working from home or relaxing with a view. A second main-level bedroom with a private ensuite provides comfortable accommodations for guests. The walk-out lower level features 10 foot ceilings, hardwood flooring, a kitchenette, an expansive family/recreation room, two additional bedrooms, two full bathrooms, and a versatile 5th bedroom or flex space--ideal for a home gym, studio, media room, or hobby space. Additional highlights include a second laundry room with newer washer and dryer, a workshop with a garage door and built-in cabinetry, extensive unfinished storage, and a covered patio with under-decking. Recent improvements include a new roof, 2 new HVAC systems, 2 tankless water heaters, a new front door, updated composite decking, epoxy-coated garage floors, a radon mitigation system, and a beautifully paved driveway. Enjoy Rarity Bay's fabulous amenities, including championship golf, clubhouse dining, fitness center, outdoor pool, tennis and pickleball courts, walking trails, marina access, and more--all within one of East Tennessee's premier gated lake communities. Rarity Bay residents enjoy social gatherings, outings, clubs, activities, and more. If you've been searching for exceptional views, spacious living, and a thoughtfully updated home designed for everyday comfort and entertaining, this is a property you won't want to miss!