1. Tennessee
2. Rutledge
3. 558 Peninsula Point

558 Peninsula Point, Rutledge, TN 37861

• 3 beds |
• 3 baths |
• 3,817 sqft

Property Description

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!

Listing Status:

Pending

Date Added:

December 27, 2024 at 06:00AM

Listing Office:

Cherokee Lake Realty : 865-471-8222

MLS ID:

1285562

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This listing courtesy of Cherokee Lake Realty