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Christina Lanning

tnky@sellhomeswithchristina.com +1(910) 545-1442

$ 1,300,000

8 Beds

6 Baths

1,200 SqFt

Save

$ 1,300,000

Save

8 Beds

6 Baths

1,200 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $1,083

Subdivision Rural

MLS Listing ID 26027545

Style Ranch

Bedrooms 8

Full Baths 6

Year Built 1994

Lot Size 48.000 Acres

Acres 48.0

Property Sub-Type Single Family Residence

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!

Location

State KY

County Knox

Interior

Interior Features Eat-in Kitchen, Primary Downstairs

Heating Forced Air, Heat Pump, Natural Gas, Space Heater

Cooling Heat Pump, Multi Units

Flooring Carpet, Ceramic Tile, Vinyl

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Fire Pit, Outdoor Grill

Parking Features Attached Garage, Driveway, Garage Door Opener, Garage Faces Side

Garage Spaces 2.0

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available

View Y/N Y

View Lake, Trees/Woods

Roof Type Shingle

Handicap Access No

Private Pool No

Building

Lot Description Wooded

Story One, Two

Foundation Block

Sewer Septic Tank

Architectural Style true

Level or Stories One, Two

Schools

Elementary Schools Lynn Camp

Middle Schools Knox

High Schools Knox Central

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Sallie Davidson, Realtors

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(910) 545-1442

tnky@sellhomeswithchristina.com

9041 Executive Park Dr. Ste 250 Knoxville, TN 37923, USA

Learn More About LPT Realty

213 KY-1232 Highway Gray, KY 40734