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For sale
  • $849,000

    131 Mallard Baye, Rutledge, TN 37861

    4beds
    3,754sqft
    : 
    $5,050/mo
    Get pre-qualified
    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
    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!
    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#: 712795MLS Logo

      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

        DateEventPrice
        8/30/2026Listed for sale$849,000+1351.3%$226/sqft
        Source: Lakeway Area AOR #712795 Report a problem
        8/16/2016Listing removed$58,500$16/sqft
        Source: Exit Tennessee Realty Pros, LLC #201812 Report a problem
        3/9/2016Listed for sale$58,500-82.5%$16/sqft
        Source: Exit Tennessee Realty Pros, LLC #201812 Report a problem
        7/24/2009Sold$335,000$89/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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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        Climate risks

        Neighborhood: 37861

        Getting around

        0 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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