Searching for a newer home near Cherokee Lake with no HOA and room to breathe? This 2022-built 2-bedroom, 2-bath home in Rutledge, TN sits on 0.85 acre and offers everything buyers love — lake views, open space, and modern finishes.
Step inside to an open-concept design with a split-bedroom layout for privacy. The kitchen features white shaker cabinets, a large island, stainless steel appliances, a walk-in pantry, and a cozy breakfast nook. The living area is lined with a wall of windows, letting in tons of natural light and showcasing those beautiful Cherokee Lake and mountain views.
The primary suite includes a spacious walk-in closet and an oversized bathroom with double sinks, a soaking tub, and a separate walk-in shower. There's also a dedicated home office — ideal for remote work or a quiet reading space.
A detached 2-car garage provides extra storage and includes 440 sq ft of unfinished space above, perfect for a future guest suite, workshop, or hobby room. Outdoor living is easy with both covered and open deck areas where you can relax and take in the views.
Located just 3.5 miles from public Cherokee Lake access and 9 miles from Cherokee Dam, this home gives you all the benefits of lake living without the HOA restrictions. You're about 30 minutes to Morristown and 35 miles to Knoxville — close enough for work, shopping, and dining, yet far enough to enjoy peace and quiet.
If you've been searching for a lake-view home for sale in Rutledge TN with acreage, a garage, and easy lake access, this one deserves a closer look. Schedule your private showing today.
Sold for $475,000
$475,000
230 Waterway Dr, Rutledge, TN 37861
2beds
1,463sqft
Single Family Residence, Residential
Built in 2022
0.85 Acres Lot
$478,300 Zestimate®
$325/sqft
$2,555 Estimated rent
Home value
$478,300
Estimated sales range
Not available
$2,555/mo
Zestimate® history
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List your homeWhat's special
Dedicated home officeLarge islandLake viewsWalk-in pantrySpacious walk-in closetOpen-concept designExtra storage
Zillow last checked:
Listing updated:
Listed by:
Amy Shrader 423-748-8811,
RE/MAX Real Estate Ten Midtown,
Michelle Hodges 423-307-3980
Bought with:
Debbie Robbins, 312070
Weichert, REALTORS - Tiger Real Estate
Source: Lakeway Area AOR,MLS#: 709283
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Entrance Foyer, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Soaking Tub, Walk-In Closet(s), Wired for Data
- Flooring: Hardwood, Tile
- Windows: Tilt Windows, Vinyl Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Electric, Living Room
Interior area
- Total interior livable area: 1,463 sqft
- Finished area above ground: 1,463
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch
- Exterior features: Rain Gutters
- Has view: Yes
- View description: Lake, Mountain(s), Water
- Has water view: Yes
- Water view: Lake,Water
Lot
- Size: 0.85 Acres
- Dimensions: 118 x 289 IRR
- Features: Back Yard, Front Yard, Gentle Sloping, Irregular Lot, Open Lot, Views
Details
- Additional structures: Garage(s)
- Parcel number: 070 01120 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- HardiPlank Type
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: 220 Volts in Laundry, Circuit Breakers
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Water Connected, Fiber Internet
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Rutledge
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $165,300
- Annual tax amount: $971
- Date on market: 10/9/2025
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Sold | $475,000$325/sqft |
Source:  Lakeway Area AOR #709283 Report a problem | ||
| 10/17/2025 | Pending sale | $475,000$325/sqft |
Source: Lakeway Area AOR #709283 Report a problem | ||
| 10/9/2025 | Listed for sale | $475,000+28.7%$325/sqft |
Source: Lakeway Area AOR #709283 Report a problem | ||
| 10/20/2022 | Sold | $369,000+2206.3%$252/sqft |
Source: Public Record Report a problem | ||
| 9/10/2020 | Sold | $16,000-17.9%$11/sqft |
Source: Public Record Report a problem | ||
| 12/12/2018 | Listing removed | $19,500$13/sqft |
Source: Crye-Leike #927405 Report a problem | ||
| 5/30/2018 | Price change | $19,500-2.5%$13/sqft |
Source: Crye-Leike #927405 Report a problem | ||
| 5/31/2017 | Price change | $20,000-9.1%$14/sqft |
Source: Crye-Leike #927405 Report a problem | ||
| 4/10/2017 | Listed for sale | $22,000$15/sqft |
Source: Crye-Leike #927405 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $971 | $41,325 |
| 2024 | $971 | $41,325 |
| 2023 | $971 +814.3% | $41,325 +793.5% |
| 2022 | $106 | $4,625 |
| 2021 | -- | $4,625 -19.6% |
| 2020 | $161 | $5,750 |
| 2019 | $161 +15.7% | $5,750 |
| 2018 | $139 +0.1% | $5,750 |
| 2017 | $139 | $5,750 |
| 2016 | $139 -22.5% | $5,750 |
| 2015 | $179 | $5,750 -19.8% |
| 2014 | $179 | $7,172 |
| 2013 | $179 | $7,172 |
| 2012 | $179 | $7,172 |
| 2011 | -- | $7,172 |
| 2010 | -- | $7,172 -3.8% |
| 2009 | $189 -12.7% | $7,459 |
| 2008 | $217 +18.2% | $7,459 +18.2% |
| 2007 | $184 +27.1% | $6,311 |
| 2006 | $145 | $6,311 |
Find assessor info on the county website
Neighborhood: 37861
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Nearby schools
GreatSchools rating
- NARutledge Primary SchoolGrades: PK-1Distance: 4.8 mi
- 5/10Rutledge Middle SchoolGrades: 7-8Distance: 6 mi
- 3/10Grainger High SchoolGrades: 9-12Distance: 4 mi
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- Tennessee
- Grainger County
- Rutledge
- 37861
- 230 Waterway Dr
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