230 Water Way Dr

Rutledge, TN 37861

$475,000
Last Sold Price
2
Beds
1,463 Sq. Ft.
$325 / Sq. Ft.
1,463
Sq. Ft.
$325
per Sq. Ft.
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Closed 12/1/25Virtual Tour
Closed 12/1/25Virtual Tour
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Description

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...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.
  1. Listed by Amy Shrader • REMAX Real Estate Ten of Morristown

Property Details for 230 Water Way Drive

Architectural Style
Raised Ranch
View
Water
Zoning
Residential
Subdivision
Not Listed
LISTING CLOSED: 12/01/2025 12:00 AM

Property Details for 230 Water Way Drive

StatusClosed
MLS #9986808
Days on Market54
Taxes$971 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2022
Lot Size0.85 AC / 37,026 SF
CountyGrainger County
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Location

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Building Information for 230 Water Way Drive

Stories1Year Built2022Building Size-Lot Size0.85 AC / 37,026 SF

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$2,448 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,367

Property Taxes

$81

HOA Dues

$0

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Property Information for 230 Water Way Drive

Summary
Location and General Information
  • City: Rutledge
  • County: Grainger
  • Directions: Lakeshore Dr to Water Way Dr. Home on right. No sign
  • Latitude: 36.25
  • Longitude: -83.43
  • Postal Code: 37861
  • State Or Province: TN
  • Topography: Sloped
  • MLS Area Major: 205 - Grainger County
  • MLS Area Minor: 205 - Grainger County
  • General Property Description : Zoning: Residential
Taxes and HOA Information
  • Tax Book Number: 409
  • Association: No
  • Parcel Number: 070 011.20
  • Association Fee: 0.0
  • General Property Description : Deed Book: 409
  • General Property Description : Deed Page: 1706
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $971.14
School Information
  • High School: Grainger Co.
  • Middle Or Junior School: Rutledge
  • Elementary School: Rutledge
Parking
  • Garage Spaces: 2.00
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 118 x 389
  • Lot Size Square Feet: 37,026.00
  • Lot Size Acres: 0.85
  • Lot Features: Irregular Lot, Rolling Slope
  • Lot Size Area: .85
  • Lot Size Units: Acres
  • Living Area: 1,463.00
  • Building Area Total: 1,903.00
  • General Property Description : Acres: .85
  • General Property Description : Above Grade SqFt: 1463.0
  • General Property Description : Total SqFt Unfinished: 440.0
  • SqFt Details : Finished SqFt Level: 1463
  • SqFt Details : Basement Total SqFt: 0
  • SqFt Details : Garage Detached SqFt: 440
  • SqFt Details : Garage Total SqFt: 440
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Residential,Single Family Residence
  • Year Built: 2022
  • Property Sub Type: Single Family Residence
  • Property Type Label: Residential
  • New Construction: No
Utilities
  • Utilities: Fiber Available, Electricity Connected, Water Connected, Cable Connected
  • Sewer: Septic Tank
  • Water Source: Public
  • Electric: True
Interior and Exterior Features
Interior Features
  • # Fireplaces: 1
  • Cooling: Central Air
  • Fireplace Features: Living Room
  • Foundation Details: Concrete Perimeter
  • Interior Features: Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Soaking Tub, Walk-In Closet(s), Wired for Data
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Other Structures: Garage(s)
  • Bathrooms Total Decimal: 2.00
  • Basement: Crawl Space
  • Flooring: Hardwood, Tile
  • Rooms Total: 6
  • Bathrooms Total Integer: 2
  • Bathrooms Total Notational: 2.00
  • Cooling: Yes
  • Heating: Yes
  • Levels: One
  • Stories: 1
  • General Property Description : Stories: 1
  • Fireplace: Yes
  • BedroomsTotal: 2
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Appliances: Built-In Electric Oven, Dishwasher, Electric Range, Refrigerator
  • Fireplace : Living Room: Yes
Exterior Features
  • Exterior Features: See Remarks
  • Construction Materials: HardiPlank Type
  • Parking Features: Detached, Garage Door Opener
  • Patio And Porch Features: Breezeway, Covered, Deck, Front Porch
  • Roof: Shingle
  • Heating : Heat Pump: Central, Electric
  • Senior Community: No
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 1.00

Property History for 230 Water Way Drive

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Closed (Public Record)

Public Record #1922303640

$475,000

+8.3% / yr

Dec 1, 2025

Closed

KAARMLS #1318072

$475,000—
Dec 1, 2025

Closed

Tennessee Virginia Regional MLS #9986808

$475,000—
DateEvent & SourcePrice
12/01/2025

Closed (Public Record)

Public Record #1922303640

$475,000

+8.3% / yr

12/01/2025

Closed

KAARMLS #1318072

$475,000
12/01/2025

Closed

Tennessee Virginia Regional MLS #9986808

$475,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 230 Water Way Drive

Taxable ValueLand$4,625Additions$36,700Total$41,325
Tax Record2025$971 ($81 / month)
Home Facts
Beds0Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories1Lot Size37,026 SqFtStyleSingle Family ResidenceYear Built2022CountyGRAINGERAPN070 01120

Schools near 230 Water Way Drive

This home is within Grainger County School District.
Rating
School
Type
Grades
Distance
Rutledge Primary School
Public - PK to 1
Rutledge Elementary School
Public - 2 to 6
Rutledge Middle School
Public - 7 to 8
Grainger High School
Public - 9 to 12
Rating
School
Distance
Rutledge Primary School
PublicPK to 1

Rutledge Elementary School
Public2 to 6

Rutledge Middle School
Public7 to 8

Grainger High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX Real Estate Ten of Morristown, Amy Shrader (423.748.8811)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 12/02/2025 09:50 AM