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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

1024 Paradise Drive, Murray, KY 42071

$1,700,000
  • 1024 Paradise Drive, Murray, KY 42071 Main Photo

9 Photos

New to the Market Active
SQUARE FEET1,000 MLS#26030241
STATUS PROPERTY TYPECommercial - 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.

1024 Paradise Drive | MLS# 26030241

This commercial property located at 1024 Paradise Drive, Murray, KY 42071 is currently listed for sale with an asking price of $1,700,000. Search Murray real estate on www.salliedavidson.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 7.33 Acres
Year Built: 1954

Feature Descriptions

Business Type: Commercial, Hotel/Motel, Recreation
Days on Site: 1
Lot Dimensions: 7.330 acre(s)
Parcel #: 100-0-0018
Parking Notes: Gravel
Utilities: Electricity Connected, Sewer Available, Water Connected, Propane

Listed By / Shown By

Listed By

Agency Name: The Stables Realty Group

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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