Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Marina Point Title is generated by Realmo AI

    8 Marina Point Ln, Falls of Rough, KY 40119

    View on Map
    Claim this Listing
    For Sale
    $49,900

    Waterfront lot ready for your dream lake home.

    Type:Lots/Land
    Property size:
    23,522 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $2/SF
    Added:
    Mar 24, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 2:44 am

    Property Features for 8 Marina Point Ln

    General Information

    Standard status
    Active
    Size
    23,522 SF
    Lot size
    0.54 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Riley Whitfill

    Listing agent Riley Whitfill License #278152

    Listing office Greater Rough River Realty Group

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Greater Rough River Realty Group

    HighLights

    • Waterfront lot on Rough River Lake
    • Located in the peaceful Marina Point Subdivision
    • Lot has been cleared
    • Soil evaluation completed in August 2021
    • New soil fill completed with inspection in September 2022
    • Minutes away from the State Park

    Overview

    This waterfront lot is located in the Marina Point Subdivision. The property has been cleared and a soil evaluation was completed in August 2021. New soil fill was completed with a one year fill and wait inspection in September 2022. The lot is ready for construction. The property is near Rough River Lake and minutes away from the State Park. The lot size is 23522 square feet.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls of Rough
    County
    Grayson
    State
    Kentucky
    Longitude
    -86.5365
    Latitude
    37.6217

    Nearby Similar for Sale

    • $475,000
      2,590 SF

      Lakefront Home with Two Docks

      3.43 acre lakefront property with two docks and home.
      1060 Concord Point Road, Falls Of Rough, KY 40119
      View Details
    • $129,900

      Waterfront Homesite in Rough River

      Cleared waterfront lot with dock, ready to build.
      Stargazer Lane lot: 23, Falls of Rough, KY 40119
      View Details
    • $125,000

      Wooded Homesite Land Parcel

      Wooded half-acre homesite in Green Farms with electric and county water available for custom building.
      Willis Green Drive lot: 130, Falls Of Rough, KY 40119
      View Details
    • $975,000

      160 Acres Hunter's Paradise

      Sprawling land with building, income potential, perfect for hunting.
      Morris Ln, Falls of Rough, KY 40119
      View Details
    • $3,179,330

      Kentucky Land with Waterfalls

      454 acres in Kentucky with waterfalls and diverse terrain.
      2679 Carl Newby Rd, Falls of Rough, KY 40119
      View Details
    • $129,900

      Waterfront Homesite in Rough River

      Cleared waterfront homesite with utilities, dock, and lake views.
      Stargazer Lane lot: 23, Falls of Rough, KY 40119
      View Details
    • $170,000

      Rough River Lake Building Lots

      Two desirable lots with year-round water views on Rough River.
      609 Paulette Way, Falls Of Rough, KY 40119
      View Details
    • $119,000

      Rough River Lakefront Land Opportunity

      Rare lakefront property on Rough River, ideal for new construction.
      1350 Thomason Cemetery Rd, Falls Of Rough, KY 40119
      View Details
    • $119,000

      Lakefront Land in Falls Of Rough

      Rare lakefront property with building site and convenient shoreline access.
      1300 Thomason Cemetery Rd, Falls Of Rough, KY 40119
      View Details
    • $29,900

      Wooded Land Near Rough River

      2.94-acre wooded tract near Rough River Lake.
      Shores Rd lot: 3, Falls Of Rough, KY 40119
      View Details
    • $39,000

      Wooded Land Near Rough River

      3.57-acre wooded tract near Rough River Lake.
      Shores Rd lot: 2, Falls Of Rough, KY 40119
      View Details
    • $114,153

      Rough River Lake Access Land

      Land near Panther Creek boat ramp with lake access.
      L18 1292 Panther Creek Rd, Falls Of Rough, KY 40119
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot ready for your dream lake home.
    Where is this waterfront land located?
    The property is located at 8 Marina Point Ln Falls of Rough, 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: Waterfront lot on Rough River Lake; Located in the peaceful Marina Point Subdivision; Lot has been cleared
    (270) 257-0602
    We can help!
    Listing Contact
    Riley Whitfill
    Real Estate License ID: 278152
    Learn More
    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
    8 Marina Point Ln, Falls Of Rough, KY 40119
    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!