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$ 1,700,000
New
1024 Paradise Drive Murray, KY 42071
1,000 SqFt
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,700
MLS Listing ID 26030241
Year Built 1954
Lot Size 7.330 Acres
Acres 7.33
Property Sub-Type Business
Property Description
Formerly known as The Villas at Marker 48, this premier waterfront resort property is nestled within 100 feet of beautiful Kentucky Lake, ideally situated between Snipe Creek and Blood River. This property offers the chance to open and expand a waterfront resort with many possibilities. Situated on 7.33 acres with approximately 500 feet of shoreline, the property provides direct access to some of the area's finest boating, fishing and recreational waters. Guests and owners can enjoy a variety of on-site amenities, including a sandy beach area, volleyball court, kayaking opportunities, and a swimming pool, creating the perfect environment for relaxation and outdoor adventure. A major asset of the property is its 30-slip marina, featuring 26 covered slips and 4 uncovered slips along with a fish cleaning station. The marina offers an established, income producing component from day one, allowing a new owner to generate revenue while completing and expanding the remainder of the development. Adding to the property's potential, two villas have already been started and are under roof, providing a head start for future development. With ample room for additional villas, amenities, or other resort enhancements, the property is well-positioned for significant growth and increased revenue opportunities. Whether envisioned as a vacation rental destination, waterfront resort, or expanded mixed use development, The Villas at Marker 48 offers waterfront beauty, existing infrastructure, income potential and development opportunity on one of Kentucky Lake's most desirable locations.
Location
State KY
County Calloway
Zoning None
Exterior
Parking Features Gravel
Utilities Available Electricity Connected, Propane Connected, Sewer Available, Water Connected
View Y/N N
Handicap Access No
Private Pool No
Building
Sewer Private Sewer
Others
Special Listing Condition Standard
Listed by The Stables Realty Group
Nearby Locations
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