1024 Paradise Drive Murray, KY $ 1,700,000
1024 Paradise Drive
$ 1,700,000
Recently Listed
Share Save

1024 Paradise Drive

Murray, KY, 42071
$ 1,700,000
Bedrooms-- Baths-- Sq 900

Monthly Estimate*

$ 11,741

1024 Paradise Drive, Murray, KY 42071 - Image 1
1024 Paradise Drive, Murray, KY 42071 - Image 2
1024 Paradise Drive, Murray, KY 42071 - Image 3
1024 Paradise Drive, Murray, KY 42071 - Image 4
1024 Paradise Drive, Murray, KY 42071 - Image 5
1024 Paradise Drive, Murray, KY 42071 - Image 6
1024 Paradise Drive, Murray, KY 42071 - Image 7
1024 Paradise Drive, Murray, KY 42071 - Image 8
1024 Paradise Drive, Murray, KY 42071 - Image 9

Commercial Property for sale in Murray, KY

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.

See more

Commercial Active

Price

$ 1,700,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

7.33

Year Built

1954

Town/City

Murray

County/Region

Calloway

MLS | Web ID

26030241

Features
General
Sewer 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
See more
Exterior
Parking 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
See more
Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
See more
Internal Only
Street Number 1 1024
See more
* Excluded Features
List By
The Stables Realty Group

Broker

wendybass@bassrealty.com

Email

Affordability Calculator

$11,741
Per Month
100%
0%
0%
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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
11/2/2026$1,700,000 Listed Price

Map


See all

1024 Paradise Drive, Murray, KY, 42071 is a Commercial Property for sale at $1,700,000 with 900 sqft and a lot size of 7.33. 1024 Paradise Drive was built in 1954. The property's zip code is 42071 which is in Murray, KY