Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Lot with Dock Access Title is generated by Realmo AI

    Lot #23 Waterside Trail, Scottsville, KY 42164

    View on Map
    Claim this Listing
    For Sale
    $119,900

    Residential - Scottsville, KY

    Type:Single Family Residence
    Lot size:
    0.68 Acres
    Added:
    May 16, 2026
    Days on Market:
    11
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for Lot #23 Waterside Trail

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    72-18B-23
    Lot size
    0.68 Acres

    Utilities

    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Bess Pedigo-Scott

    Listing agent Mary Bess Pedigo-Scott License #211822

    Listing office Real Estate Solutions 1128 Spencer Road, Scottsville, KY

    Listing date May 16, 2026

    MLS# RA20262878 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lakefront property with year‑round lake view and dock access via easement.
    • Ready to build with acceptable perc test and mostly cleared lot.
    • 492' of road frontage.
    • Extensive community amenities: Enjoy the 8‑acre common area, gazebo, fishing pond, playground, hiking trails, soccer/softball fields, and pickleball & basketball courts.
    • Fiber optic internet available.
    • Low HOA dues of $500 per year include common area and gate maintenance.

    Overview

    This 0.68-acre residential lot in Scottsville, KY, offers lakefront access and year-round lake views. The property features 492 feet of road frontage and has passed a perc test, making it suitable for building. Approximately three-fourths of the lot is cleared, with wooded areas at the rear. A minimum building square footage of 1,500 is required. Lot 23 includes access to the dock via an easement between Lots 21 & 22 and 22 & 23. The annual HOA dues are $500, covering maintenance of an 8-acre common area, gate, gazebo, fishing pond, playground, hiking trails, soccer and softball fields, and pickle ball and basketball courts. Fiber optics are available. The property is located in a subdivision on Barren River Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Hotel & Motel Bar & Pub Tech Support Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.084122
    Latitude
    36.854582

    Nearby Similar for Sale

    • $199,900
      2,400 SF

      Scottsville Commercial Building For Sale

      Large insulated and heated building suitable for various business uses.
      4466 Walnut Creek Road, Scottsville, KY 42164
      View Details
    • $1,049,999
      3,000 SF

      Turnkey Lake Property on Barren River

      Waterfront home ideal for large families or short-term rental.
      2100 Baileys Point Road, Scottsville, KY 42164
      View Details
    • $889,000
      2,080 SF

      Scottsville Farm with Custom-Built Home

      49-acre farm featuring a custom home and multiple amenities.
      4900 Old Glasgow Road, Scottsville, KY 42164
      View Details
    • $340,000
      2,772 SF

      Remodeled Home on Spacious Lot

      Remodeled 3-bedroom home on 1.54 acres in Scottsville, KY.
      538 Dry Creek Road, Scottsville, KY 42164
      View Details
    • $889,900
      3,301 SF

      Renovated Scottsville Farm with Pool

      Spacious 5-bedroom home on 7.83 acres with premium outdoor features.
      1892 Hiley Spencer Road, Scottsville, KY 42164
      View Details
    • $249,900
      1,696 SF

      Scottsville Farm with Detached Structures

      3.96-acre farm with home, studio, and heated garage apartment.
      3164 Meador Port Oliver Road, Scottsville, KY 42164
      View Details
    • $514,900

      Commercial Land in High-Traffic Area

      6.4 acres in Scottsville, KY, suitable for commercial development.
      0 Holt Drive, Scottsville, KY 42164
      View Details
    • $189,900

      Commercial Lot in Scottsville, KY

      Commercial lot suitable for new business ventures.
      1732-2 Old Gallatin Road, Scottsville, KY 42164
      View Details
    • $296,000
      1,300 SF

      Residential Farm with Mountain Views

      Calming home with mountain views, modern kitchen, unfinished basement.
      198 Friendship Church Road, Scottsville, KY 42164
      View Details
    • $399,500

      3-Acre Corner Lot on Highway

      High-visibility 3-acre corner lot with utilities available.
      250 Spears Road, Scottsville, KY 42164
      View Details
    • $289,900

      Commercial Lot in High Traffic

      Commercial lot with easy access in a high traffic area.
      1732-3 Old Gallatin Road, Scottsville, KY 42164
      View Details
    • $204,900

      Well-Maintained Duplex in Scottsville, KY

      Fully rented duplex in desirable location, excellent investment opportunity.
      110 Allen Drive, Scottsville, KY 42164
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with lake views and community amenities.
    Where is this residential land & home lot located?
    The property is located at Lot #23 Waterside Trail Scottsville, KY.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Lakefront property with year‑round lake view and dock access via easement.; Ready to build with acceptable perc test and mostly cleared lot.; 492' of road frontage.
    (270) 784-2404
    We can help!
    Listing Contact
    Mary Bess Pedigo-Scott
    Real Estate License ID: 211822
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot #23 Waterside Trail, Scottsville, KY 42164
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!