Description
.Kentucky Lake Legacy Opportunity | Where Memories Were Made and Fortunes Can Be Built Tucked into the rolling hillsides overlooking the main channel of Kentucky Lake, just off Snipe Creek at mile marker 46.5, lies one of the most rare waterfront opportunities to hit the market in years. For generations, this property was known as Paradise Resorta place where summer love stories began, children learned to swim, families returned year after year, and sunsets became traditions. Since 1951, this shoreline has held laughter, boat wakes, bonfires, and memories that lasted lifetimes. Now it waits for its next chapter. Today, reimagined as The Villas at Marker 66, this 7.33-acre waterfront estate offers the chance for a visionary investor, developer, or family legacy buyer to create something extraordinary once again. What Awaits: 7.33 waterfront acresApprox. 500 feet of shoreline frontage30-slip marina (26 covered / 4 uncovered)Rare deeded permanent easement with beach & recreation areaHistoric fountain within easement area once used as a minnow retainerTwo villas already underway and 60%+ completeMultiple panoramic building sites with sweeping lake viewsPotential for 12 additional villas (subject to approvals)Even greater expansion possibilities with private sewer package plant Existing Villas: Smaller Villa 2 Bedrooms | 2 BathsKitchen + Living AreaMultiple decks with water views Larger Villa 4 Bedrooms | 2 BathsUpper & lower recreation areasMultiple decks overlooking the lake The Vision: Create a boutique waterfront resort. Build a family compound. Develop luxury rentals. Craft a destination where the next generation gathers, celebrates, and returns year after year. This was once a resort lover’s dream.Now it’s an investor’s dream.
Details
| MLS # | 3179323 |
|---|---|
| Listing Type | For Sale |
| Style | Unimproved Land |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 170 |
| Listing Provided By | 1st Realty Group | Glenda Ritchie |
Features
| SQ Feet | 2,232 |
|---|---|
| Zoning | Commercial |
| Acreage | 7.33 |
Area Information
| State | KY |
|---|---|
| County | Calloway County |
| City | Murray |
| Zip Code | 42071 |
| Area | Calloway County | KY |
| Listing VS Median (in 42071) | |
Price: $1,700,000 low | high Med: $445,000 sqft: 2,232 low | high Med: 3,237 $ / sqft: $762 low | high Med: $137 On site: 170 low | high Med: 166 | |
Market Activity 42071
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Listings courtesy of RealTracs MLS as distributed by MLS GRID.
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Learn More About This Property
| State | KY |
|---|---|
| County | Calloway County |
| City | Murray |
| Zip Code | 42071 |
| Area | Calloway County | KY |
| Listing VS Median (in 42071) | |
Price: $1,700,000 low | high Med: $445,000 sqft: 2,232 low | high Med: 3,237 $ / sqft: $762 low | high Med: $137 On site: 170 low | high Med: 166 | |