Improved Mixed-Use Land for Sale in Murray, Kentucky

.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 Resort—a 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 acres

Approx. 500 feet of shoreline frontage

30-slip marina (26 covered / 4 uncovered)

Rare deeded permanent easement with beach & recreation area

Historic fountain within easement area once used as a minnow retainer

Two villas already underway and 60%+ complete

Multiple panoramic building sites with sweeping lake views

Potential for 12 additional villas (subject to approvals)

Even greater expansion possibilities with private sewer package plant

Existing Villas:

Smaller Villa

2 Bedrooms | 2 Baths

Kitchen + Living Area

Multiple decks with water views

Larger Villa

4 Bedrooms | 2 Baths

Upper & lower recreation areas

Multiple 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.