1024 Paradise Dr Murray, KY $ 1,700,000
1024 Paradise Dr
$ 1,700,000
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1024 Paradise Dr

Murray, KY, 42071
$ 1,700,000
Bedrooms-- Baths-- Sq 1,000

Monthly Estimate*

$ 11,741

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Commercial Property for sale in Murray, KY

for $1,700,000. This 1,000 square foot building was built in 1954 on a lot size of 7.33.

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.

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Commercial Active

Price

$ 1,700,000

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

7.33

Year Built

1954

Town/City

Murray

County/Region

Calloway

MLS | Web ID

3631551

Features
General
Possession Close Of Escrow
Zoning Commercial
Year Built 1954
Property Subtype Mixed Use
County Calloway County KY
Property Type Commercial Sale
Status Active
Directions From Murray take Hwy 94 East continue for 6.1 miles then turn right on to Hwy 732 for 7.6 miles take a left onto Hwy 972 for 0.6 miles and turn onto Paradise Drive. Property will be on the right in 1
City Murray
Lot Size Units Acres
Property Attached Y/N N
Building Area Units Square Feet
Standard Status Active
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Exterior
Total Parking 0
Lot Size Area 7.33
Building Area Total 1000
Lot Size Acres 7.33
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 1024
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* Excluded Features
List By
The Stables Realty Group

Broker

wendybass@bassrealty.com

Email

Affordability Calculator

$11,741
Per Month
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Monthly Principal & Interest
$11,741
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
11/3/2026$1,700,000 Listed Price

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1024 Paradise Dr, Murray, KY, 42071 is a Commercial Property for sale at $1,700,000 with 1,000 sqft and a lot size of 7.33. 1024 Paradise Dr was built in 1954. The property's zip code is 42071 which is in Murray, KY