Land for Sale in Monticello, Kentucky

Welcome to Fox Chase Estate, a premier Lake Cumberland area development offering an exceptional turnkey residential investment with immediate revenue potential and substantial long-term upside. This property includes 70+/- fully developed, shovel-ready lots averaging approximately one acre in size, complete with road infrastructure and utilities already in place.

Land

70+/- acres

Multiple homesites are available within Fox Chase, presenting a unique opportunity for builders, investors, or buyers seeking flexibility in design and placement. The community’s upscale standards and cohesive architectural style create long-term value and strong curb appeal throughout the development.

70+/- build-ready lots with infrastructure including paved roads, utilities and clubhouse in place.

Please note that the contiguous 272+/- acres are also available for sale. This area is ideally positioned with an abundance of paved county road frontage and access to utilities, for future development if desired.

Improvements

The existing lots are fully improved with city water, electric, and established road infrastructure already in place, allowing a new owner to focus on marketing, lot absorption, and future development phases rather than significant upfront infrastructure costs. The remaining acreage presents outstanding flexibility for continued residential development, a mixed-use concept, or a thoughtfully designed master-planned community.

Fox Chase offers substantial existing infrastructure and community improvements already in place, including:

70+/- build-ready residential lots with utilities installed

City water and electric service throughout the developed phase

Established road systems and access infrastructure

Approximately 2,500 feet of Highway 90 frontage for potential commercial development consideration

Recreation

Conveniently located between Somerset and Monticello, this property places you in the heart of Kentucky’s premier outdoor recreation destination. Lake Cumberland is renowned for its deep, clear water, world-class striped bass fishing, and more than 1,200 miles of shoreline, offering endless opportunities for boating, fishing, water sports, kayaking, and waterfront dining.

Several public boat launches are conveniently located nearby, including General Burnside Island State Park, which features a multi-lane public launch providing easy access to the lake, as well as Lake Cumberland State Park Boat Ramp and U.S. Army Corps of Engineers Halcombs Landing Boat Ramp.

Outdoor enthusiasts will appreciate nearby Lake Cumberland State Resort Park and General Burnside Island State Park, offering hiking trails, camping, golf, wildlife viewing, and scenic overlooks. General Burnside is Kentucky’s only island state park and is known for its award-winning golf course, campground, marina access, and excellent fishing opportunities.

Popular local destinations include Wolf Creek Marina, Safe Harbor Burnside, and Conley Bottom Campground, which provide marina services, boat rentals, waterfront dining, and access to some of the lake’s most scenic coves.

Additional attractions include Pulaski County Park with beaches, trails, mountain biking, and lake access, the historic Old Lake Cumberland Railroad Tunnel, and the famous Cumberland Falls, often called the “Niagara of the South,” located within an easy drive of the property.

Whether your interests include boating, fishing, hiking, golf, hunting, or simply enjoying the beauty of the outdoors, this exceptional location offers year-round recreation and access to some of Kentucky’s most treasured natural attractions.

General Operations

This is a rare opportunity to acquire an established lake-area community in a single transaction with both immediate cash flow potential and significant future appreciation. By strategically selling the existing developed lots individually, a new owner has the opportunity to recover a substantial portion of the acquisition basis early while retaining control of the remaining large-scale development acreage for future phases and long-term value creation.

Recent lot sales within the development have averaged approximately $50,000 per lot, creating an attractive near-term revenue opportunity for the next owner.

Existing Lot Sales Potential

Based on a wholesale acquisition basis of approximately $30,000 per lot and recent retail lot sales averaging approximately $50,000 per lot:

Average Retail Lot Sale Price: $50,000

Estimated Lot Acquisition Basis: $30,000

Estimated Gross Profit Per Lot: $20,000

With 70+/- developed lots in place, the projected gross profit potential from lot sales alone is approximately $1,400,000 before associated expenses and carrying costs.

This structure provides a compelling opportunity for an investor or developer to reduce basis quickly while preserving long-term ownership and development control of the remaining acreage.

Region & Climate

The Lake Cumberland region offers a well-balanced, four-season climate that supports year-round recreation, residential appeal, and long-term livability.

Summer (June–September): Summers are warm to hot, with July as the peak month, featuring average high temperatures of approximately 85–86°F. While humidity levels rise during July and August, the proximity to Lake Cumberland provides a natural cooling effect and enhances the area’s strong seasonal tourism appeal.

Winter (December–February): Winters are relatively short, with cool to cold conditions. January typically sees average lows ranging from 27–30°F. Snowfall is moderate and seasonal, contributing to the region’s scenic winter landscape without severely impacting accessibility.

Spring & Fall: These transitional seasons are particularly attractive, offering mild temperatures and vibrant natural beauty. Spring brings rapid warming and lush greenery, while autumn delivers crisp air and striking foliage—both highly desirable for residential living and tourism activity.

Precipitation: Rainfall is evenly distributed throughout the year, with slightly wetter conditions in late winter and spring. This consistent precipitation supports healthy vegetation, agricultural productivity, and the region’s rolling, picturesque terrain.

History

This era of growth ultimately gave way to a pivotal moment in regional development—the construction of Wolf Creek Dam. Designed to generate hydroelectric power and create a major recreational resource, the dam project led to the formation of Lake Cumberland.

In the years following the lake’s creation, modern bridges were constructed to reconnect the region and significantly improve accessibility. Today, Lake Cumberland stands as both a historical landmark and a cornerstone of the region’s identity—supporting recreation, tourism, and economic growth.

Location

Conveniently located in south-central Kentucky, the property sits along and borders Highway 90, providing excellent regional connectivity.

Approximately 8 miles southwest of Somerset, Kentucky

Approximately 15 miles east of Monticello, Kentucky

This location places the property within close proximity to key commercial hubs, while maintaining immediate access to Lake Cumberland and its surrounding recreational amenities—making it ideal for residential, commercial, or mixed-use development.