8668 Lakeshore Drive Rutledge, TN $ 699,000
8668 Lakeshore Drive
$ 699,000
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8668 Lakeshore Drive

Rutledge, TN, 37861
$ 699,000
Baths0.0 Sq 1,248

Monthly Estimate*

$ 4,414

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Studio

Multi-Family Home for sale in Rutledge, TN

for $699,000. This 1,248 square foot home was built in 2025.

Three streams of income today... room for so much more tomorrow. Discover the perfect blend of immediate cash flow and unlimited future potential with this one-of-a-kind commercial investment opportunity in Rutledge, Tennessee. Situated on 33.04 gated acres, this unique property includes three income-producing tiny homes, each currently occupied by long-term tenants, providing instant rental revenue from day one. Beyond the existing income, the possibilities are nearly endless. A logging road winds throughout the mostly wooded property, making it easy to explore the land and envision its future. Whether you're looking to expand the current rental portfolio, create a tiny home community, develop additional homesites, establish a private retreat, or simply invest in East Tennessee land, this property offers the space and flexibility to bring your vision to life. Dreaming of a homestead? This property offers the privacy, acreage, water features, and infrastructure to create your own self-sufficient lifestyle. Looking for a multigenerational family compound? With three existing residences and ample room for additional homes, it's an ideal setting for keeping loved ones close while still allowing everyone their own space. A carport/workshop with electricity and water is already in place and is positioned near a generous area of level ground, creating an ideal location for another home, guest house, workshop, or future expansion. Enjoy the peaceful setting complete with a private pond, mature timber, established logging roads, and the security of a gated entrance. Income-producing properties with this much acreage and development potential are increasingly rare. Whether you're an investor seeking immediate returns, a family searching for room to grow together, or someone ready to embrace the homesteading lifestyle, this exceptional property offers an opportunity that's difficult to duplicate.

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Multi-Family Active

Price

$ 699,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 122

Style

Year Built

2025

Town/City

Rutledge

County/Region

Grainger

MLS | Web ID

3499724

Features
General
Living Area 1248
Heating Electric Heat Pump
Cooling Central Air
Utilities Electricity Available
Possession Close Of Escrow
Roof Metal
Construction Materials Frame Other
Year Built 2025
County Grainger County TN
New Construction N
Property Type Residential Income
Attached Garage N
Status Active
Buyer Financing Other
Directions From US-11E N Turn left onto Churchview St. Turn left onto TN-92 N Turn right onto TN-375 N. Destination will be on the left. No sign on property. Latitude: 36.259541 Longitude: -83.421294
City Rutledge
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Year Built Details Existing
Tax Annual Amount 122
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Exterior
Total Parking 0
Building Area Total 1248
Lot Dimensions 1181x1571x46x707x83x102x340x805
Waterfront Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Internal Only
Street Number 1 8668
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* Excluded Features
List By
Wallace

Broker

randy.hobbs03@gmail.com

Email

Affordability Calculator

$4,424
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,414
Monthly Property Taxes
$10
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$699,000 Listed Price

Map


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8668 Lakeshore Drive, Rutledge, TN, 37861 is a Multi-Family Home for sale at $699,000 with 1,248 sqft. 8668 Lakeshore Drive is a studio with 0.0 baths and was built in 2025. The property's zip code is 37861 which is in Rutledge, TN