Looking for a home that is lakefront? Check! Dockable? Check! With a swimming pool? Check! All-Brick with low maintenance needs? Check! All this for close to $200 per square foot? Check!
The home sits on a Cherokee Lake cove with more than100 feet of seasonal lakefront access. Since it is at the mouth of a lake cove you will typically have water lapping your backyard from spring to fall. You can also have a boat dock on this property. What does that mean? On several TVA controlled lakefronts, Cherokee Lake included, TVA will not grant you a permit to have a dock. Here you can. Photos displayed showing the lake were taken August 21st of this year.
The interior of the home has 4 bedrooms and three full bathrooms with a finished basement. The living area includes 3 bedrooms and two full bathrooms. The primary bedroom/bathroom is quite large. Homes being built today do not have bedrooms this size. ''Real'' hardwood floors are throughout, with ceramic tiles in the kitchen and bathrooms. The open floor plan segues nicely into the kitchen/dining area. The granite countertops are gorgeous. As the owner of Cherokee Lake Realty, I have sold many a home with granite counter tops, but the coloring on these is unique and really makes the kitchen ''pop.'' A top-of-the-line Viking gas range should be adequate for those gourmet cooks that prefer gas over electricity. The basement features a family/game room, a bedroom, and a full bathroom. Plus, there is an additional sitting area and a craft room. Add all this square footage up and you're looking at over 3,700 square feet of living space. A two-car garage on the main level is complemented by a lower garage which will fit a car, a boat or jet skis, or the space can simply be used as a workshop.
The home is impressive throughout, but the true entertainment focal point is the backyard. Set on more than one acre of land, the property offers exceptional privacy as it gently leads to the aforementioned lake cove where one can relax and enjoy nature. The heated saltwater inground pool features a cascading waterfall and provides a healthier, more comfortable, and cost-efficient swimming experience than a traditional chlorine pool. Swimmers often describe the water as softer and gentler on the skin and hair, with less chemical odor--an added benefit for children, older adults, and those with allergies. And, with the added benefits of preventing bleaching and green hair effects common in traditional chlorine pools. When the temperatures cool in East Tennessee, the pool will still provide a pleasant, soothing experience as it is heated, with its own designated heat pump. This outdoor space has also been meticulously and professionally landscaped by a local nursery.
Unlike most homes in the Mallard Baye subdivision which have private wells as a water source, this home has access to public water. High-speed fiber internet is also available, allowing you to work seamlessly at home if the need arises. The property is located in historic Grainger County, with its scenic farmland, but close to all necessary amenities. Jefferson Memorial Hospital and Walmart are within 15 miles. Knoxville, Tennessee's third largest city, is 37 miles.
Tennessee with four full mild seasons, within an 8-hour drive of 20 neighboring states, and NO state income tax & LOW property taxes! At over 3,700 square feet of living space this home comes in at approximately $226 per square foot. This cost does not factor in the additional expense that would be involved in adding a $100,000+ saltwater, heated pool, or the cost of the one plus acre of lakefront land. This home could not be built today at this price. The Homes & Land magazine videographer that took the photos indicated that this would be a $2 million home in Knoxville. In fact, in December of 2024 a home two doors down sold for $925,000. With no swimming pool. The home and site do check all the boxes. Simply move in and enjoy this slice of paradise.on Cherokee Lake!
For sale
$849,000
131 Mallard Baye, Rutledge, TN 37861
4beds
3,754sqft
Single Family Residence, Residential
Built in 2006
1.06 Acres Lot
$812,000 Zestimate®
$226/sqft
$-- HOA
What's special
Finished basementTop-of-the-line viking gas range
- 7 days
- 944
- 91
Zillow last checked:
Listing updated:
Listed by:
Felix Valdes 865-471-8222,
Cherokee Lake Realty 865-471-8222
Source: Lakeway Area AOR,MLS#: 712795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Primary bathroom
- Level: Main
Basement
- Level: Basement
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Fireplace(s), Heat Pump
Cooling
- Ceiling Fan(s), Heat Pump
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
- Laundry: Laundry Room, Main Level
Features
- Eat-in Kitchen, Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Smart Thermostat, Soaking Tub, Walk-In Closet(s)
- Flooring: Carpet, Hardwood, Tile
- Basement: Bath/Stubbed,Exterior Entry,Finished,Full,Interior Entry,Walk-Out Access,Walk-Up Access
- Number of fireplaces: 1
- Fireplace features: Living Room, Propane
Interior area
- Total structure area: 5,371
- Total interior livable area: 3,754 sqft
- Finished area above ground: 2,186
- Finished area below ground: 1,568
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached
- Attached garage spaces: 3
Features
- Patio & porch: Covered, Deck, Front Porch, Rear Porch
- Exterior features: Dock, Rain Gutters
- Has private pool: Yes
- Pool features: Electric Heat, Fenced, Fiberglass, Heated, In Ground, Private, Salt Water, Waterfall
- Fencing: Other
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Lake Front, Waterfront
- Body of water: Cherokee Lake
Lot
- Size: 1.06 Acres
- Dimensions: 407 x 181 x 903
- Features: Back Yard, Front Yard, Landscaped, Views, Waterfront
Details
- Parcel number: 076D A 00100 000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Brick
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Mallard Bay
HOA
- Has HOA: No
Location
- Region: Rutledge
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $315,800
- Annual tax amount: $1,855
- Date on market: 8/30/2026
Estimated market value
$812,000
$771,000 - $853,000
$4,456/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Listed for sale | $849,000+1351.3%$226/sqft |
Source: | ||
| 8/16/2016 | Listing removed | $58,500$16/sqft |
Source: Exit Tennessee Realty Pros, LLC #201812 Report a problem | ||
| 3/9/2016 | Listed for sale | $58,500-82.5%$16/sqft |
Source: Exit Tennessee Realty Pros, LLC #201812 Report a problem | ||
| 7/24/2009 | Sold | $335,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,855 | $78,950 |
| 2024 | $1,855 | $78,950 |
| 2023 | $1,855 +2.3% | $78,950 |
| 2022 | $1,813 | $78,950 |
| 2021 | -- | $78,950 +14% |
| 2020 | $1,938 | $69,225 |
| 2019 | $1,938 +15.7% | $69,225 |
| 2018 | $1,675 +0% | $69,225 |
| 2017 | $1,675 | $69,225 |
| 2016 | $1,675 -6.1% | $69,225 |
| 2015 | $1,784 | $69,225 -3% |
| 2014 | $1,784 | $71,376 |
| 2013 | $1,784 | $71,376 |
| 2012 | $1,784 | $71,376 |
| 2011 | -- | $71,376 |
| 2010 | -- | $71,376 +14.9% |
| 2009 | $1,578 -12.7% | $62,142 |
| 2008 | $1,808 +28.4% | $62,142 +28.4% |
| 2007 | $1,409 +1051.8% | $48,410 +806.4% |
| 2006 | $122 | $5,341 |
| 2005 | $122 -20.8% | $5,341 |
| 2004 | $154 +15.6% | $5,341 -8% |
| 2002 | $134 | $5,807 |
| 2001 | -- | $5,807 -75% |
| 2000 | -- | $23,226 |
Find assessor info on the county website
Monthly payment
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