About This Home

This 0-bedroom, 0-bathroom commercial at 1024 Paradise Drive in Murray, KY is listed for $1,700,000 ($1,889 per sqft). Built in 1954, the home offers 900 sqft of living space on a 7.33 acres lot.

Key Features

  • Built in 1954
  • 7.33 acre lot

Property Details

1954
Listing 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.

Monthly Cost Estimate

$9,092/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,367
Insurance$496

Estimates only. Actual payments may vary.

Location

1024 Paradise Drive

Murray, KY 42071

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1024 Paradise Drive is listed at $1,700,000 ($1,889/sqft). The estimated monthly payment is $9,092 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 7.33 acre lot.

This property is listed by Wendy Bass.

WB

Wendy Bass

Agent at The Stables Realty Group

Listed by The Stables Realty Group · Broker phone: (615) 419-7399 · Broker website

MLS# 26030241· Source: ImagineMLS· 16 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1024 Paradise Drive, Murray, KY 42071

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