Located on a quiet cul-de-sac in the gated community of Rarity Bay, this home offers a unique opportunity to enjoy one of Tellico Lake's premier communities with annual HOA dues of only $1,212 per year. Country Club membership is OPTIONAL, giving owners the flexibility to enjoy the community without the added expense of mandatory club dues. Priced at approximately $188 PER SQUARE FOOT, this home is one of the best values currently available in Rarity Bay. For buyers willing to make a few cosmetic updates, there is significant potential to create equity while still remaining well below the cost of building a comparable home today. The property sits on a large, level corner lot with mature landscaping and excellent curb appeal. Located on desirable Sandpiper Drive, a private cul-de-sac street with minimal traffic, the home is surrounded by impressive properties, including multi-million-dollar lakefront homes just across the street. Inside, you'll find hardwood floors throughout the main living areas, a stacked stone fireplace in the living room, granite countertops, stainless steel appliances, and a spacious screened porch that extends the living space outdoors. The primary suite offers generous room sizes along with a large walk-in closet. Whether you're looking for a full-time residence or a second home, this property combines value, privacy, and flexibility in one of East Tennessee's most sought-after gated lake communities. With its low annual HOA fees, large usable lot, and opportunity for future updates, this is an outstanding opportunity to own in Rarity Bay at an attractive price point.