Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Lot on Wood Creek Title is generated by Realmo AI

    Sleepy Hollow Road lot 5, East Bernstadt, KY 40729

    View on Map
    Claim this Listing
    For Sale
    $50,000

    LAND - East Bernstadt, KY

    Lot size:
    0.60 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    61
    Last Refresh:
    May 20 at 10:06 am

    Property Features for Sleepy Hollow Road lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    025-00-00-057.00.05
    Lot size
    0.60 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Donna S Cheek
    Donna S Cheek

    Listing agent Donna S Cheek

    Listing office CENTURY 21 Advantage Realty 911 N Main St, London, KY

    Listing date Mar 21, 2026

    MLS# 26005658 Listing URL

    Copyright © 2026 ImagineMLS. 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 lot (.60 acre) with 90 ft of water frontage on Wood Creek Lake.
    • Opportunity to build a private dock.
    • Wooded development with serene lake views and abundant wildlife (turkey, deer).
    • Ideal for building a dream home, getaway, or Airbnb.
    • Underground utilities and sewer available.
    • Minimum home size of 1500 sq ft ensures quality construction and property values.

    Overview

    This 0.60-acre lot is located in Sleepy Hollow Phase II, situated on Wood Creek Lake in East Bernstadt, KY. The property offers 90 feet of water frontage and 97 feet of road frontage, providing views of the lake. The natural wooded development is home to wildlife such as wild turkey and deer. Underground utilities and sewer are available. The property is suitable for building homes of 1500 square feet or larger. This lot is ideal for building a dream home, get-a-way, or Airbnb. Wood Creek Lake is known for fishing, residential living, and boating. The lake is a quiet residential area and is not for jet skiing, water skiing, or tubing.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    East Bernstadt
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.1595
    Latitude
    37.2328

    Nearby Similar for Sale

    • $250,000
      3,120 SF

      Income-Producing Property on 2.6 Acres

      Established short-term rental property with expansion potential on 2.6 acres.
      660 Watt Nantz Road, East Bernstadt, KY 40729
      View Details
    • $250,000
      3,120 SF

      Income-Producing Property on 2.6 Acres

      Established short-term rental property with expansion potential on 2.6 acres.
      660 Watt Nantz Road, East Bernstadt, KY 40729
      View Details
    • $75,000

      9.75 Acres in East Bernstadt

      9.75 acres of land with multiple building sites.
      361 J B Lewis Road, East Bernstadt, KY 40729
      View Details
    • $65,000

      Versatile Land Near I-75

      8.58 acres near I-75, ideal for residence or recreation.
      362 J B Lewis Road, East Bernstadt, KY 40729
      View Details
    • $39,000

      Unrestricted Land with Flowing Creek

      3.16 acres of unrestricted land with creek in Kentucky.
      Mount Zion Church Road, East Bernstadt, KY 40729
      View Details
    • $39,000

      Acre Land Ready to Build

      One acre site-ready land for tiny house or dream home.
      385 lots 6/7 Freeman Branch Road, East Bernstadt, KY 40729
      View Details
    • $70,000

      9.81 Acres in East Bernstadt

      Versatile land tract near I-75, ideal for recreation.
      3689 Hazel Patch Road, East Bernstadt, KY 40729
      View Details
    • $58,000

      Unrestricted Land with Tiny Home

      5 acres with driveway, power, and tiny home structure.
      4416 Hazel Patch Road, East Bernstadt, KY 40729
      View Details
    • $29,000

      Land Overlooking Wood Creek Lake

      Residential land with utilities and lake views in East Bernstadt.
      974 Cliffs Edge Road, East Bernstadt, KY 40729
      View Details
    • $20,000

      East Bernstadt Land For Sale

      Land for single or double wides, 0.65 acres.
      Hensley Road lot: 8, East Bernstadt, KY 40729
      View Details
    • $45,000

      Versatile Land Near I-75

      4.62 acres of partially cleared and wooded land.
      3972 Hazel Patch Road, East Bernstadt, KY 40729
      View Details
    • $45,000

      East Bernstadt Land For Sale

      4.62 acres of versatile land near I-75.
      3977 Hazel Patch Road, East Bernstadt, KY 40729
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with lake frontage for building a dream home.
    Where is this residential land & home lot located?
    The property is located at Sleepy Hollow Road lot 5 East Bernstadt, KY.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Lakefront lot (.60 acre) with **90 ft of water frontage on Wood Creek Lake**.; Opportunity to build a **private dock**.; Wooded development with serene lake views and abundant wildlife (turkey, deer).
    (606) 312-2480
    We can help!
    Listing Contact
    Donna S Cheek
    Donna S Cheek
    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
    Sleepy Hollow Road lot: 5, East Bernstadt, KY 40729
    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!