Discover the perfect lakefront retreat in the desirable community of Friendsville! Nestled in a peaceful private cove, this spacious home offers the ultimate in lakefront living while providing a unique opportunity to offset your mortgage. This ranch-style home features 4 bedrooms and 3 bathrooms on the main level, along with a finished basement that adds a versatile bonus living area and another full bathroom. The standout feature is the newly constructed attached 2-bedroom, 1-bathroom apartment with its own private entrance, making it ideal for generating rental income, hosting guests, or accommodating extended family. With this apartment, you have the potential to significantly offset your mortgage payments. The home has been beautifully updated with a remodeled kitchen equipped with modern appliances, refreshed bathrooms, new ceiling fans, and fresh paint throughout. The primary suite is enhanced by a convenient all-in-one washer and dryer, with an additional unit included in the apartment for added functionality. Situated in a tranquil cove, this property offers direct access to Ish Creek boat launch and includes a private boat dock, perfect for boating, fishing, or simply enjoying the serene lake views. Located in the unrestricted area of Blount County, this home offers flexibility for buyers. Don't miss out on this incredible lakefront home with income potential and a peaceful private setting—your dream property awaits!