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    Lighthouse Cay Grand Rivers, KY 42045

    For Sale
    $425,000

    Kentucky acreage, prime location, $425,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4.17-acre parcel presents a rare development opportunity in Grand Rivers, Kentucky. Situated between Green Turtle Bay and the vibrant downtown area, this property boasts frontage on both Larson Avenue and Lighthouse Cay Drive, offering excellent accessibility and visibility. The land's ideal location makes it perfectly suited for a variety of residential projects, including condominiums, a bed and breakfast, apartments, or Airbnb units. Imagine the potential for creating a thriving community within easy walking distance of the marina and the diverse shopping and dining options of downtown Grand Rivers. The property's adjacency to the Rose of the Lake Bed and Breakfast further enhances its appeal and potential for synergy. This is a unique chance to acquire a substantial piece of land in a desirable Kentucky location, poised for significant development and return on investment. The asking price is $425,000. The property is owned by Lighthouse Cay LLC and is zoned for residential use. The legal description and survey are available upon request. This is a truly exceptional opportunity for discerning investors and developers.

    Property Features for 0 Lighthouse Cay

    General Information

    Property type
    Land
    Lot Size
    181,645 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Rivers
    County
    Livingston
    State
    Kentucky
    Longitude
    -88.2315328
    Latitude
    37.0080135

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    FAQs

    What type of property is this?
    Land - Kentucky acreage, prime location, $425,000
    Where is this land located?
    The property is located at Lighthouse Cay Grand Rivers, KY.
    What is the asking price?
    The asking price for this property is $425,000.
    (270) 836-1119
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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
    Lighthouse Cay Grand Rivers, KY 42045
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