$969,000

558 Peninsula Pt Rutledge, TN 37861

$10,000
Closing credit¹
3 beds
3 full
3,817 sqft
0.7 acres
$254 / sqft
House

Property details

About 558 Peninsula Pt

Year-round lakefront living and lake views! And we do mean Lakefront Living! Year-round water. No worries about losing your home's lake frontage, when TVA lowers lake levels every single year. If your land sits in a shallow area of Cherokee Lake, or in one of the many lake coves found in Tennessee, you will lose ALL of your lake frontage. Imagine purchasing a beach front home in Florida, South Carolina, wherever, and finding that later in the year the beach is gone? Nothing but sand. Well, that can happen with any TVA lake if you purchase a home in one of the shallow banks of any of these lakes. There are several nearby homes that recently sold for just under one million dollars this year that are now dealing with this issue. As we know, a lot of folks from other states are relocating to Tennessee, with some of them not being aware how lake levels fluctuate yearly. Until it's too late. This home will not have this problem. Cherokee Lake frontage in January. Cherokee Lake frontage in December. Cherokee Lake frontage year-round! A few additional features add to the uniqueness of this property. The house sits in a No-Flood Zone. Have Cherokee Lake in your backyard without the fear of water encroaching into your house as we have recently seen with the disasters that Hurricane Helene brought into neighboring areas. Yet the land is very level and flat. You can walk out your back door and stroll down to the lake. No hills, bumps, dips as you find with many lakefront properties which can create hazards. This part of Cherokee Lake is in a No-Wake Zone. Safety. You can kayak, swim, float without worrying about turbulence from boats/jet skis powering by. Finally, the views. From the living area, from the bedrooms, from the basement, from the decks, you have unobstructed views of Cherokee Lake. Annual Fourth of July fireworks celebrations can be enjoyed from the backyard with the lake as a background. Live the Cherokee Lake Life year-round! This brick and stone low exterior maintenance home was custom built by the owners in 2017. Just under 4,000 square feet of finished living area. A large two-car garage with oversized doors for parking SUVs and trucks. All the main living space is on one level. A generously designed open floor plan taking advantage of Cherokee Lake views. High vaulted ceilings with a custom stone fireplace fed by a 500-gallon underground propane tank. Rich alder wood cabinets frame the large granite kitchen island which can sit five family members and friends. Need more room for a family get together? There are two separate areas which will provide more dining options. Three bedrooms on the main level of the house. With the main and second bedrooms having excellent lake views. The main bedroom suite is huge, with his and hers walk-in-closets. The bathroom features a garden tub and a deep custom tile shower. Matching granite counter tops are also abundant in the bathroom vanities. The walkout basement has a sizable entertainment/game room area. An additional lake view bedroom. Another full bathroom. An office. Lots of additional storage with a mechanical room and a second lakefront garage large enough for vehicles and water toys. Two large heat pumps cool and heat the residence. There is no HOA in this community! Short term vacation rentals are allowed. High speed fiber internet for streaming, and for those of us that work from home, is available. The property sits on a dead-end street, allowing privacy and ideal for walking, strolling, bike riding, with very little drive by traffic. Located in Grainger County, with its scenic farmland but close to everything. Hospitals, Walmart, and Lowe's are all within 15 miles. Knoxville, Tennessee's is close by. Within an 8-hour drive of 20 states, family and friends can visit as you relocate to TN. Own your own lake playground with a ''No Flood Zone'', ''No Wake Zone'', ''Year-round water'' property. Live the Dream. Live the Cherokee Lake Life!

Highlights

Home typeSingle Family Residence
HeatingHeat Pump, Fireplace(s), Propane
StatusActive
CoolingCeiling Fan(s), Electric, Heat Pump
Size3,817 sqft
BasementYes
Lot size0.69 Acres
Year built2016
ParkingAttached
MLS #705451
Attached garage3 spaces
WaterfrontLake Front
FireplaceGas Log, Living Room, Propane, Stone
ViewLake

Summary

  • MLS Number: 705451
  • MLS Name: Lakeway
  • Office Name: Cherokee Lake Realty
  • Listing Agent: Felix Valdes

Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.

Copyright © Lakeway Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 8:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

bird's eye view featuring a water and mountain view

$969,000

558 Peninsula Pt

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 29, 2005
Home Sold
$100,000
Jul 29, 1993
Home Sold
$72,000
Jul 29, 1992
Home Sold
$72,000

Tax history

YearAssessmentProperty Tax
2023$102,475$2,408
2022$102,475$2,353
2021$102,475$2,353
2020$102,475$2,353
2019$68,300$1,653
2018$68,300$1,653
2017$68,300$397

History based on county public records data.

Nearby schools

6

Alpha Elementary School

Public District KG-5

4.9 mi

5620 Old US 11E Hwy

5

Manley Elementary School

Public District PK-5

5.7 mi

551 W Economy Rd

5

Rutledge Elementary School

Public District 2-6

6.2 mi

7480 Rutledge Pike

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $28,516. Most Rutledge, TN residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

58%
<35k
32%
35k-100k
10%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

34%
Single, No Kids
9%
Single, with Kids
33%
Married, No Kids
24%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
8%
12-17 yrs old
16%
18-34 yrs old
44%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Monster TrucksMonster Trucks

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Bass Pro ShopsBass Pro Shops

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • GMCGMC
  • RamRam
  • ChevroletChevrolet

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 558 Peninsula Pt

This home is located at 558 Peninsula Pt in Rutledge, TN and zip code 37861. This 3,817 square foot home, which was built in 2016, sits on a 0.69 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $969,000.

In February 2025, from all listings sold in Rutledge, TN there were more than 0 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price. The number of homes for sale in Rutledge, TN decreased by 2.2% between January and February 2025. Listings spent 57 days on the market in February 2025, and had a median list price of $269,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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