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213 Ky-1232 Hwy, Gray, KY 40734

$1,300,000
: 8
BD
: 6
BA
: 3,398
SqFt

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List Price: $1,300,000
MLS#: 26027545
Status: ACTIVE
Type: Single Family Residential
City: Gray
Area: 067 - Knox County
County: Knox
Bedrooms: 8
Bathrooms: 6
Living Area: 3,398
Lot Size: 2,090,880
Year Built: 1994

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Property Description

SLEEPING TURTLE PAY LAKE & AIR B&B — A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence—all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,200 square-foot owner's home offering 3 bedrooms and 2 baths—ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1,200± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often—a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! ***Main Building is concrete with 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sq ft and a 7x14 wing space.

502-839-7409

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Additional Information

Acres: 48
Foundation: Block
Living Area: 3,398
Region: 067 - Knox County
Style: Ranch
Subdivision: Rural
Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available