1024 Paradise Drive
Murray, KY, 42071 $ 1,700,000
Bedrooms-- Baths-- Sq 900 Monthly Estimate*
$ 11,741
for $1,700,000. This 900 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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FeaturesGeneralSewer Private Sewer
Utilities Electricity Connected Propane Connected Sewer Available Water Connected
Possession Close Of Escrow
Zoning None
Year Built 1954
Electric 200+ Amp Service
Property Subtype Business
Parcel Number 100-0-0018
Business Type Recreation Hotel/Motel Commercial
County Calloway
New Construction N
Property Type Commercial Sale
Attached Garage false
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
City Murray
MLS Area 114 - Calloway County
Lot Size Units Acres
Lot Size Square Feet 319295
Land Lease Y/N N
MLS Area Minor 114 - Calloway County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features Gravel
Lot Size Area 7.33
Building Area Total 1000
Lot Size Acres 7.33
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded FeaturesList ByThe Stables Realty GroupBroker
wendybass@bassrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,741
- Monthly Property Taxes
- --
- 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.
Learn more about how to save NearbyCommerical listings in Murray, KY
Average List Price $927,444
Percent of Sale Price 45%
About Murray, KY 18,286 Population
16% Since 2002
$ 30,284 Median Income
27.86 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/2/2026 | $1,700,000 | | Listed Price |