Discover an exceptional investment opportunity at 5924 S Circle Dr in Tallassee, Tennessee, where two distinct living spaces combine to create endless possibilities for your lifestyle and financial goals. This unique property features both a renovated main house and a charming guest house w/proven income-generating potential. The main residence showcases thoughtful renovations throughout, beginning w a spacious kitchen that flows seamlessly into the eating area and family room, creating an ideal space for daily living and entertaining. 2 bedrooms provide restful retreats, while a dedicated office area offers the perfect workspace for remote professionals or entrepreneurs. A convenient half bathroom completes the main level functionality. Laundry is accessible to main and guest house residents. The guest house presents a distinctive vintage exterior that adds character and charm to the property. This income-producing unit has successfully operated as an Airbnb, demonstrating its market appeal and revenue potential. Guests and family members alike will appreciate the covered sitting area, complete w comfortable seating, television, and a relaxing hot tub for year-round enjoyment. Inside, the guest house features a cozy bedroom, efficient kitchenette, and full bathroom, providing all the essentials for comfortable independent living. Whether you envision using the guest house as a vacation rental, separate living quarters for extended family, or additional income through short-term rentals, this property delivers versatility that adapts to your changing needs. The proven rental success demonstrates the location's appeal to visitors seeking a peaceful retreat w easy access to regional attractions.
The property sits on a 0.31 acre lot surrounded by mature woods, offering privacy and a connection to nature that's increasingly rare in today's market. You'll enjoy watching the occasional bear meander through the area and wild turkey are abundant. A practical storage shed provides additional space for outdoor equipment, seasonal items, or hobby supplies. The natural setting creates a tranquil environment while maintaining convenient access to modern amenities. As a Top of the World Landowners Association member (voluntary), you'll gain exclusive access to exceptional recreational amenities that significantly enhance the property's value and appeal. The private lake provides opportunities for fishing, kayaking, and peaceful water activities, while the dedicated beach area offers sandy relaxation just minutes from your door. The boat ramp ensures easy water access for boating enthusiasts, and the community pavilion serves as an ideal gathering spot for special events or casual socializing. Clean bathroom facilities maintain comfort during extended outdoor activities.This location represents one of Tennessee's best-kept secrets, combining privacy w accessibility to create the perfect balance for permanent residents and vacation rental guests. Outdoor adventure opportunities abound in the surrounding area, from hiking and fishing to scenic drives through pristine landscapes. The proximity to the Great Smoky Mountains opens up world-class outdoor recreation, while the famous nearby Dragon provides thrilling motorcycle and sports car experiences for adventure seekers. Practical considerations make this property even more attractive, w approximately a 45-minute drive to the airport ensuring convenient travel connections. This accessibility factor enhances both personal convenience and rental property appeal, as guests appreciate easy arrival and departure options.The combination of a renovated main house, income-producing guest house, natural surroundings, and community amenities creates a rare opportunity in today's market. Whether you're seeking a primary East Tennessee residence w rental income potential, an investment property in a proven market, or a peaceful retreat w modern conveniences, this property delivers on multiple levels.
For sale
Price cut: $10K (8/29)
$299,000
5924 S Circle Dr, Tallassee, TN 37878
2beds
1,037sqft
Est.:
Single Family Residence
Built in 1998
0.31 Acres Lot
$-- Zestimate®
$288/sqft
$3/mo HOA
What's special
Convenient half bathroomMature woodsBoat rampPrivate lakeCommunity pavilionDedicated beach areaDedicated office area
- 20 days
- on Zillow |
- 541 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: August 29, 2025 at 12:16pm
Listed by:
Ann Drake 865-250-9472,
Realty Executives Associates 865-983-0011
Source: East Tennessee Realtors,MLS#: 1311593

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Central, Heat Pump, Propane, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Tankless Water Heater, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Walk-In Closet(s), Pantry, Eat-in Kitchen
- Flooring: Hardwood, Vinyl, Tile
- Windows: Windows - Vinyl, Insulated Windows
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,037
- Total interior livable area: 1,037 sqft
Property
Parking
- Parking features: Other
Features
- Has view: Yes
- View description: Seasonal Lake View, Trees/Woods
- Has water view: Yes
- Water view: Seasonal Lake View
Lot
- Size: 0.31 Acres
- Features: Wooded, Level, Rolling Slope
Details
- Additional structures: Storage, Guest House
- Parcel number: 104J M 003.00
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Campers Paradise
HOA
- Has HOA: Yes
- Amenities included: Playground
- HOA fee: $40 annually
Location
- Region: Tallassee
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $78,100
- Annual tax amount: $310
- Date on market: 8/10/2025
- Listing terms: New Loan,Cash,Conventional
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