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    2 Highway 1383 Russell Springs, KY 42642

    For Sale
    $49,900

    LAND - Russell Springs, KY

    Lot size:
    0.48 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 9 at 3:06 am

    Property Features for 2 Highway 1383

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    surveyed tract off of 071-50-01-033.00
    Lot size
    0.48 Acres

    Utilities

    Utilities
    Water Available

    Weichert Realtors Ford Brothers (606) 679-2656 [email protected]

    Listing agent Stephanie H Bastin (606) 679-2656

    Listing date Sep 27, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Lake Cumberland Marina

    This 0.478-acre lot is located on Highway 1383 in Russell Springs, KY, and includes city sewer access. Situated approximately 1.5 miles, or a 5-minute drive, from Lake Cumberland Marina, this vacant lot is suitable for a lake getaway or investment property. Barndominiums and cabins are ideal for this area, with restrictions in place. The lot has potential for a commercial venture, featuring road frontage on both Hwy 1383 and Peach Tree Ln. It is located approximately 2.5 miles from the former Alligator 1 boat ramp and near the KOA Campground. This location is suited for a private retreat, short-term rental income, or a business catering to lake traffic.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Department Store Storage Facility Pet Store Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Russell Springs
    County
    Russell
    State
    Kentucky
    Longitude
    -84.937661
    Latitude
    37.001724

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    FAQs

    What type of property is this?
    Land - 0.478 acre lot near Lake Cumberland, ideal for investment.
    Where is this land located?
    The property is located at 2 Highway 1383 Russell Springs, KY.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - Located just 1.5 miles from Lake Cumberland Marina.; - 0.478 acre lot with city sewer.; - Potential for barndominiums and cabins.
    (606) 679-2656
    Request Owner's contact information
    2 Highway 1383 Russell Springs, KY 42642
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    Russell Springs, KY 42642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Highway 1383 Russell Springs, KY 42642
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