558 Peninsula Point
Rutledge, TN 37861
3 Beds
3 Baths
3,817 sqft (on 0.69 acres)
3 Beds
3 Baths
3,817 sqft
(on 0.69 acres)
Local Information
- Map ViewExplore the area around 558 Peninsula Point.
- Schools1 Preschool School2 Elementary Schools1 Middle School3 High Schools
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2016
Lot Size
0.69 acres
Living Area
3,817 sqft
Price/Sqft
$225
Parking
3 Car Garage
About this House
This lakefront home is an incredible opportunity, coming in at a total sales price of just $235 a square foot. Imagine the challenge of constructing a high-quality, 3,816 square foot, all-brick home, on a beautiful, level lakefront lot, at this price today. Impossible! But don't just take our word for it - talk to a builder and ask them to replicate this floor plan, along with the cost of lakefront land, and see this value for yourself.
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 are currently listed or 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 other lakes. 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 sq ft 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. Another 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. As previously mentioned, this is a remarkable opportunity to own a home filled with exceptional features at an unbeatable value! There is no HOA! High speed fiber internet is available. The property sits on a dead-end street, allowing privacy and ideal for walking 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 and within an 8-hour drive of 20 states, so family can visit. Own your own lake playground! Live the dream! Live the Cherokee Lake Life!
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 are currently listed or 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 other lakes. 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 sq ft 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. Another 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. As previously mentioned, this is a remarkable opportunity to own a home filled with exceptional features at an unbeatable value! There is no HOA! High speed fiber internet is available. The property sits on a dead-end street, allowing privacy and ideal for walking 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 and within an 8-hour drive of 20 states, so family can visit. Own your own lake playground! Live the dream! Live the Cherokee Lake Life!
558 Peninsula Point, Rutledge, TN 37861 is a 3 bedroom, 3 bathroom, 3,817 sqft single-family home built in 2016. It last sold for $850,000 on Aug 4, 2025 (5% below the $899,000 asking price). It is currently off market. The Trulia Estimate is $858,400, with a rent estimate of $3,329/month.
Home Details for 558 Peninsula Point
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Interior Details Basement: Bath/Stubbed,Concrete,Daylight,Exterior Entry,Finished,Interior Entry,Storage Space,Walk-Out Access,Walk-Up AccessNumber of Rooms: 15Types of Rooms: Master Bedroom, Master Bathroom, Basement, Dining Room, Kitchen, Laundry, Living Room |
Beds & Baths Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 2 |
Dimensions and Layout Living Area: 3817 Square Feet |
Appliances & Utilities Utilities: Cable Available, Electricity Connected, Propane, Water Connected, Cable Internet, Fiber InternetAppliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, WasherDishwasherDryerLaundry: Laundry Room,Main LevelMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Fireplace(s),Heat Pump,PropaneHas CoolingAir Conditioning: Ceiling Fan(s),Electric,Heat PumpHas HeatingHeating Fuel: Fireplace S |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Gas Log, Living Room, Propane, StoneHas a Fireplace |
Gas & Electric Electric: 220 Volts in Laundry, Circuit BreakersHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Tile, Other |
Levels, Entrance, & Accessibility Floors: Tile, Other |
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Exterior Home Features Roof: ShinglePatio / Porch: Covered, Deck, Front Porch, OtherExterior: Lighting, Rain Gutters, Other |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Has a GarageHas an Attached GarageParking Spaces: 3Parking: Garage Attached |
Frontage WaterfrontWaterfront: Lake Front, WaterfrontRoad Frontage: County RoadRoad Surface Type: PavedOn Waterfront |
Water & Sewer Sewer: Septic TankWater Body: Cherokee Lake |
Finished Area Finished Area (above surface): 2277 Square FeetFinished Area (below surface): 1540 Square Feet |
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Year Built Year Built: 2016Year Renovated: 2017 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialStructure Type: HouseArchitecture: Traditional |
Building Construction Materials: Brick, Concrete, Stone, Vinyl SidingNot a New Construction |
Property Information Parcel Number: 015.00 |
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Price List Price: $899,000 |
Status Change & Dates Off Market Date: Fri Jul 04 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: RutledgeCommunity: Peninsula Point Estates |
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No HOA |
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Lot Area: 0.69 acres |
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BasementMls Number: 705451Above Grade Unfinished Area: 2277 |
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HOA Amenities: Laundry |
Last check for updates: about 9 hours ago
Listed by Felix Valdes, (865) 471-8222
Cherokee Lake Realty
Bought with: Felix Valdes, (865) 471-8222, Cherokee Lake Realty
Source: Lakeway Area AOR, MLS#705451
Price History for 558 Peninsula Point
| Date | Price | Event | Source |
|---|---|---|---|
| 08/04/2025 | $850,000 | Sold | Lakeway Area AOR #705451 |
| 07/07/2025 | $899,000 | Pending | Lakeway Area AOR #705451 |
| 06/22/2025 | $899,000 | PriceChange | Lakeway Area AOR #705451 |
| 05/07/2025 | $924,900 | PriceChange | Lakeway Area AOR #705451 |
| 03/19/2025 | $965,000 | PriceChange | Lakeway Area AOR #705451 |
| 12/14/2024 | $969,000 | PriceChange | Lakeway Area AOR #705451 |
| 10/05/2024 | $989,000 | Listed For Sale | Lakeway Area AOR #705451 |
Market trends in Rutledge
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
40
1MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,408 |
| Assessment | $409,900 |
Home facts updated by county records
Comparable Sales for 558 Peninsula Point
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.42 | Single-Family Home | $850,000 | 06/09/26 | 3 | 3.5 | 2,900 | |
0.38 | Single-Family Home | $820,000 | 05/27/26 | 4 | 3.5 | 3,480 | |
0.11 | Single-Family Home | $710,000 | 08/15/25 | 3 | 1.5 | 1,684 | |
0.79 | Single-Family Home | $975,000 | 09/25/25 | 3 | 4 | 4,400 | |
0.99 | Single-Family Home | $550,000 | 05/08/26 | 3 | 2.5 | 3,178 | |
0.80 | Single-Family Home | $445,000 | 05/13/26 | 3 | 2 | 2,400 | |
0.92 | Single-Family Home | $575,000 | 03/26/26 | 3 | 2 | 2,341 | |
0.83 | Single-Family Home | $324,900 | 09/05/25 | 3 | 2.5 | 1,771 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALE0.91 ACRESBilly Houston Group, Realty Executives
OFF MARKETRealty Executives Associates
FOR SALE3.26 ACRESCastle & Associates Real Estate
SOLDMAY 5, 2026
FOR SALE
3D VIEW0.74 ACRESRealty Executives Associates
Assigned Schools
These are the assigned schools for 558 Peninsula Point.
- Rutledge Elementary School
- 2-6
- Public
- 323 Students
6/10GreatSchools RatingParent Rating AverageN/AParent Review19y ago - Grainger High School
- 9-12
- Public
- 756 Students
3/10GreatSchools RatingParent Rating AverageI used to go that school HEICOther Review11mo ago - Grainger County Adult High School
- 9-12
- Public
- 10 Students
NAGreatSchools RatingParent Rating Average
No reviews available for this school. - Rutledge Middle School
- 7-8
- Public
- 363 Students
5/10GreatSchools RatingParent Rating AverageIts cool like theres school and luch and pe its like coolParent Review3y ago - Rutledge Primary School
- PK-1
- Public
- 199 Students
NAGreatSchools RatingParent Rating AverageNo reviews available for this school. - Grainger Academy
- 9-12
- Public
- 6 Students
NAGreatSchools RatingParent Rating AverageNo reviews available for this school. 
Check out schools near 558 Peninsula Point.
What Locals Say about Rutledge
At least 8 Trulia users voted on each feature.
90 % Say parking is easy
90 % Say yards are well-kept
89 % Say car is needed
82 % Say there's holiday spirit
67 % Say there's wildlife
56 % Say it's walkable to grocery stores
50 % Say it's dog friendly
50 % Say people would walk alone at night
46 % Say it's quiet
39 % Say neighbors are friendly
38 % Say there are sidewalks
25 % Say kids play outside
22 % Say it's walkable to restaurants
13 % Say there are community events
11 % Say they plan to stay for at least 5 years
11 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
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Homes for sale near 558 Peninsula Point
- 0.91 ACRESBilly Houston Group, Realty Executives
NEW CONSTRUCTION0.51 ACRESRE/MAX Real Estate Ten Midtown
0.84 ACRESHome & Garden Real Estate
0.95 ACRESRE/MAX Real Estate Ten Midtown
See more homes for sale inRutledge
Off Market Homes Near 558 Peninsula Point
SOLDJUL 27, 2026RE/MAX Real Estate Ten Midtown
SOLDJUL 17, 2026
SOLDJUL 16, 2026RE/MAX Real Estate Ten Midtown
SOLDJUN 24, 2026Elite Realty Group- SOLDJUN 18, 2026RE/MAX Real Estate Ten Midtown
SOLDJUN 17, 2026Crye-Leike Premier Real Estate LLC
SOLDJUN 16, 2026
SOLDJUN 15, 2026RE/MAX Real Estate Ten Midtown- SOLDJUN 1, 2026
- See more homes for sale inRutledge
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