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For sale
  • Price cut: $4K (3/19)
    $965,000

    558 Peninsula Point, Rutledge, TN 37861

    3beds
    3,817sqft
    : 
    Single Family Residence, Residential
    Built in 2016
    0.69 Acres Lot
    $936,500 Zestimate®
    $253/sqft
    $-- HOA

    What's special

    Mechanical roomSizable entertainment room areaCherokee lake viewsCustom stone fireplaceOpen floor planLots of additional storageWalkout basement
    Sellers are motivated to sell their custom-built home due to an upcoming relocation. They are eager to consider all reasonable offers! 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! 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. 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!
    203 days
    on Zillow
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    599
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    38
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    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 02:54am

    Listed by:

    Felix Valdes 865-471-8222,

    Cherokee Lake Realty 865-471-8222

    Source: Lakeway Area AOR,MLS#: 705451MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 558 Peninsula Point.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    Primary bathroom
    • Level: Main
    Basement
    • Level: Basement
    Dining room
    • Level: Main
    Kitchen
    • Level: Main
    Laundry
    • Level: Main
    Living room
    • Level: Main
    Heating
    • Fireplace(s), Heat Pump, Propane
    Cooling
    • Ceiling Fan(s), Electric, Heat Pump
    Appliances
    • Included: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
    • Laundry: Laundry Room, Main Level
    Features
    • Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, 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 Ceiling(s), Walk-In Closet(s)
    • Flooring: Tile, Other
    • Basement: Bath/Stubbed,Concrete,Daylight,Exterior Entry,Finished,Interior Entry,Storage Space,Walk-Out Access,Walk-Up Access
    • Number of fireplaces: 1
    • Fireplace features: Gas Log, Living Room, Propane, Stone
    Interior area
    • Total interior livable area: 3,817 sqft
    • Finished area above ground: 2,277
    • Finished area below ground: 1,540

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Patio & porch: Covered, Deck, Front Porch, Other
    • Exterior features: Lighting, Rain Gutters, Other
    • Waterfront features: Lake Front, Waterfront
    • Body of water: Cherokee Lake
    Lot
    • Size: 0.69 Acres
    • Dimensions: 140/218/112/255
    • Features: Back Yard, Cul-De-Sac, Level, Rectangular Lot, Waterfront
    Details
    • Parcel number: 015.00

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick, Concrete, Stone, Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2016
    • Major remodel year: 2017

    Utilities & green energy

    • Electric: 220 Volts in Laundry, Circuit Breakers
    • Sewer: Septic Tank
    • Water: Shared Well
    • Utilities for property: Cable Available, Electricity Connected, Propane, Water Connected, Cable Internet, Fiber Internet

    Community & HOA

    Community
    • Subdivision: Peninsula Point Estates
    HOA
    • Has HOA: No
    • Amenities included: Laundry
    Location
    • Region: Rutledge

    Financial & listing details

    • Price per square foot: $253/sqft
    • Tax assessed value: $409,900
    • Annual tax amount: $2,408
    • Date on market: 10/5/2024
    • Electric utility on property: Yes
    • Road surface type: Paved
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