#1294911, Listing office: Single Tree Realty Co.
558 Peninsula Pt Rutledge, TN 37861
Property details
About 558 Peninsula Pt
Year-round lakefront living! And we do mean Lakefront Living! Year-round water. No worries about losing your home's lake frontage, when TVA lowers lake levels. If your land sits in a shallow area of Cherokee Lake, 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 nearby homes that recently sold for one million dollars 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. 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. You can walk out your back door and stroll down to the lake. No hills, bumps, dips as you find with many lakefront properties. Once you get in the water, this part of Cherokee Lake is in a No-Wake Zone. Safety. You can kayak, swim, float without worrying about turbulence from boats. Finally, the views. From the living area, from the bedrooms, from the basement, from the decks, you have unobstructed views of Cherokee Lake. Fourth of July fireworks can be enjoyed from the backyard with the lake as a background. 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. An 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. Need more room for a family get together? There are two separate areas which will provide more seating. Three bedrooms on the main level of the house. With the primary and second bedrooms having lake views. The primary 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 in the bathroom vanities. The walkout basement has a sizable entertainment room area. Anotherl lake view bedroom and bathroom. An office. Lots of additional storage with a mechanical room and a second lakefront garage large enough for vehicles. Two large heat pumps cool and heat the residence. With the skyrocketing costs of building materials, constructing a new home of this size and caliber would demand a significantly higher investment. This is a remarkable opportunity to own a home filled with exceptional features at an unbeatable value! There is no HOA in this community! High speed fiber internet is available. The property sits on a dead-end street, allowing privacy and ideal for walking, strolling, and bike riding. Located in Grainger County, with its scenic farmland but close to everything. Hospitals are within 13 miles. Walmart and Lowe's are 15 miles. Knoxville, Tennessee's third largest city, is close by. Within an 8-hour drive of 20 states, family and friends can visit as you relocate to East Tennessee. 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
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Tile, Other
- Interior: Eat-in Kitchen, Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, His and Hers Closets, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Soaking Tub, Storage, Vaulted/Cathedral Ceiling(s), Walk-in Closet(s)
- Fireplace: Gas Log, Living Room, Propane, Stone
- Total Bedroom Count: 3
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached
- Waterfront: Lake Front
- View: Lake
- Exterior: Lighting, Gutters, Other, Porch/Covered, Deck, Porch Front
- Architectural Style: Traditional
- Heating: Heat Pump, Fireplace(s), Propane
- Cooling: Ceiling Fan(s), Electric, Heat Pump
- List Price: $924,900
- Price/SqFt: $242
- Annual Tax Amount: $2,408
- Tax Year: 2023
- Lot: Back Yard, Cul-De-Sac, Level, Rectangular Lot, Waterfront
- Directions: Off Lakeshore Drive enter Peninsula Pointe Estates. Home will be on right, close to the cul-de-sac.
- Year Built: 2016
- Living Area: 3,817 SqFt
- Lot Size: 0.69 Acres
- MLS Number: 705451
- MLS Name: Lakeway
- Office Name: Cherokee Lake Realty
- Office Phone: (800) 508-6902
- Office Email: idx@homes.com
- 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: 6/13/2025, 3:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$924,900
558 Peninsula Pt
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Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 29, 2005 | Home Sold | $100,000 |
Jul 29, 1993 | Home Sold | $72,000 |
Jul 29, 1992 | Home Sold | $72,000 |
Tax history
Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $28,516. Most Rutledge, TN residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
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Frequently asked questions
About 558 Peninsula Pt
The listing price of 558 Peninsula Pt property is $924,900.
The property 558 Peninsula Pt is a house located in Rutledge, Tennessee, 37861.
Active Listing: 558 Peninsula Pt is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 558 Peninsula Pt are: Alpha Elementary School (GreatSchools Rating 6/10), Manley Elementary School (GreatSchools Rating 5/10), Rutledge Elementary School (GreatSchools Rating 5/10), Rutledge Middle School (GreatSchools Rating 4/10), West View Middle School (GreatSchools Rating 6/10), Lincoln Heights Middle School (GreatSchools Rating 5/10), Grainger High School (GreatSchools Rating 4/10), Grainger Academy (GreatSchools Rating 1/10), Morristown West High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $2,408 (source: MLS/based on county public records data).
The last sale was on August 29, 2005 for $100,000 (source: MLS/tax record).
The property at 558 Peninsula Pt has 3 bedrooms and 3 bathrooms.
The property 558 Peninsula Pt is 3,817 SqFt (source: MLS/tax record).
The year of construction for 558 Peninsula Pt is 2016.
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 $924,900.
Over 6 listings were sold over their listed price in May 2025 in Rutledge, TN. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price. Between April and May 2025, Rutledge, TN real estate market has seen increase in the number of listings by 2%. In May 2025, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $292,250.