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Recreational Land with Home for Sale in Gray, Kentucky

213 Ky-1232 Hwy, Gray, KY 40734

$1,300,000
48 acres
Active sale
ago
Est $7,913/mo

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!

1,200
Sq feet
8
Beds
6
Full baths
1994
Built

Location

Street address
213 Ky-1232 Hwy
Zip code
40734
School district
Knox County - 67
Elevation
996 feet
Coordinates
36.9337, -83.9413

Directions

Travel from I-75 to Cumberland Gap Highway between Corbin and Barbourville, turn onto 1232 and property is on left. Address will get you there.

Property details

Acreage
48 acres
MLS #
LBAR 26027545
Posted

Parcels

  • 055-00-00-007.00 055-00-00-007.01

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Lake, Water
Waterfront
Yes
Features
Secluded, Wooded

Exterior

Parking
Driveway, Garage, Garage-Attached, Open
Structures
Workshop
Features
Fire Pit, Outdoor Grill

Structure

Style
Ranch
Stories
2
Water
Public
Sewer
Septic Tank
Heating
Forced Air, Heat Pump, Natural Gas, Space Heater
Cooling
Multi Units
Materials
Vinyl Siding
Roof
Shingle
Windows
Insulated Windows

Interior

Room Count
7
Rooms
Bathroom x 6, Bedroom x 8, Laundry Room
Flooring
Carpet, Tile-Ceramic, Vinyl
Appliances
Dishwasher, Gas Range, Microwave, Refrigerator
Features
Eat-In Kitchen, Primary First Floor

Property utilities

CategoryTypeStatus
GasNatural GasConnected
WaterPublicAvailable

Nearby schools

NameTypeDistrict
Lynn CampElementaryKnox County - 67
KnoxMiddleKnox County - 67
Knox CentralHighKnox County - 67

Listing history

DateEventPriceChangeSource
Oct 5, 2026New listing$1,300,000—LBAR
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This 48-acre property is located at 213 Ky-1232 Hwy in Gray, KY 40734. The property is available for sale, priced at $1,300,000. It has a 1,200 square foot 8-bedroom, 6-bath house built in 1994.

Listed by Sallie Davidson, Realtors, (606) 877-3000

Checked 2 hours agoUpdated Source

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