Rutledge, TN 37861,558 Peninsula Point
Rutledge, TN 37861,558 Peninsula Point
Rutledge, TN 37861,558 Peninsula Point
Rutledge, TN 37861,558 Peninsula Point
Rutledge, TN 37861,558 Peninsula Point
Rutledge, TN 37861,558 Peninsula Point
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Listed by Felix Valdes • Cherokee Lake Realty
$ 924,900
Est. payment | /mo

3 Beds

3 Baths

3,817 SqFt


Save
$ 924,900
Est. payment | /mo
Save

3 Beds

3 Baths

3,817 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,817 sqft

Price per Sqft $242

Subdivision Peninsula Point Estates

MLS Listing ID 705451

Style Traditional

Bedrooms 3

Full Baths 3

Year Built 2016

Annual Tax Amount $2,408

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 0.69

Property Sub-Type Single Family Residence

Source Lakeway Area Association of REALTORS®

Property Description

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!

Location

State TN

County Grainger

Community Peninsula Point Estates

Direction Off Lakeshore Drive enter Peninsula Pointe Estates. Home will be on right, close to the cul-de-sac.

Rooms

Basement Bath/Stubbed, Concrete, Daylight, Exterior Entry, Finished, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access

Interior

Interior Features Eat-in Kitchen, 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)

Heating Fireplace(s), Heat Pump, Propane

Cooling Ceiling Fan(s), Electric, Heat Pump

Fireplaces Type Gas Log, Living Room, Propane, Stone

Fireplace Yes

Exterior

Exterior Feature Lighting, Rain Gutters, Other

Garage Spaces 3.0

Utilities Available Cable Available, Electricity Connected, Propane, Water Connected, Cable Internet, Fiber Internet

Amenities Available Laundry

Waterfront Description Lake Front

Roof Type Shingle

Porch Covered, Deck, Front Porch, Other

Total Parking Spaces 3

Garage Yes

Building

Lot Description Back Yard, Cul-De-Sac, Level, Rectangular Lot, Waterfront

Water Shared Well

Architectural Style Traditional

Structure Type Brick,Concrete,Stone,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 015.00

GET MORE INFORMATION

agent
Shawn Wilmoth, CCIM

Agent | License ID: 354366

+1(865) 205-9353

308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States

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558 Peninsula Point