New Listing
1024 Paradise Drive,Murray, KY 42071
Murray, KY 42071
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.
Details
| MLS # | 26030241 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 5 |
| Listing Provided By | The Stables Realty Group | Wendy Bass |
Features
| SQ Feet | 900 |
|---|---|
| Zoning | None |
| Acreage | 7.33 |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Gravel |
Utilities
| Utilities | Electricity Connected, Propane Connected, Sewer Available, Water Connected |
|---|---|
| Sewer | Private Sewer |
| Electric | 200+ Amp Service |
Area Information
| State | KY |
|---|---|
| County | Calloway |
| City | Murray |
| Zip Code | 42071 |
| Area | 114 Calloway County |
| Subarea | Calloway County |
| Listing VS Median (in 42071) | |
Price: $1,700,000 low | high Med: $289,500 sqft: 900 low | high Med: 2,280 $ / sqft: $1,889 low | high Med: $132 On site: 5 low | high Med: 63.5 | |
Market Activity 42071
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Learn More About This Property
| State | KY |
|---|---|
| County | Calloway |
| City | Murray |
| Zip Code | 42071 |
| Area | 114 Calloway County |
| Subarea | Calloway County |
| Listing VS Median (in 42071) | |
Price: $1,700,000 low | high Med: $289,500 sqft: 900 low | high Med: 2,280 $ / sqft: $1,889 low | high Med: $132 On site: 5 low | high Med: 63.5 | |
 | $1,700,0001024 Paradise DrMurray, KY 42071 |