Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Cumberland Land with Boat Ramp Title is generated by Realmo AI

    2.29 acres Alexandria Drive, Nancy, KY 42544

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Nancy, KY

    Lot size:
    2.29 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 2.29 acres Alexandria Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    049-00-00-007.17-88-89-90
    Lot size
    2.29 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Stephanie H Bastin
    Stephanie H Bastin

    Listing agent Stephanie H Bastin License #218197

    Listing office Weichert Realtors Ford Brothers, Inc. 1406 South Highway 27, Suite A Weichert Realtor Ford Brothers, Somerset, KY

    Listing date Mar 11, 2026

    MLS# 26004630 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

    • 2.29 acres with community boat ramp access on Lake Cumberland
    • Dual road frontage on Heritage Way and Alexandria Drive provides flexible building options
    • Short‑term rentals are allowed, making it ideal for vacation rentals or Airbnb
    • Conveniently located near Conley Bottom Marina, Wolf Creek Marina, and other Lake Cumberland attractions
    • Light restrictions protect property values (minimum 800 sq ft homes, garage required)
    • Water utility available

    Overview

    This property features 2.29 acres in the Cumberland Glen Subdivision on Lake Cumberland, including lots 88, 89, and 90. The land offers dual road frontage on both Heritage Way and Alexandria Drive, providing flexible building and access options. A community boat ramp at the end of Heritage Way Rd allows for a short boat ride to Conley Bottom Marina. Short-term rentals are permitted. Light restrictions are in place to protect property values, including a minimum home size of 800 sq ft (excluding the garage), a requirement for an attached or detached garage, a 10 ft setback from all lot boundaries, and prohibitions on mobile homes and farm animals. Campers are allowed for up to 14 consecutive days. The property is suitable for a full-time residence, vacation home, or Airbnb retreat, offering peace, privacy, and convenience. Additional adjoining lots are available for purchase. The location is just minutes from Wolf Creek Marina and other Lake Cumberland attractions.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nancy
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.881371
    Latitude
    36.930413

    Nearby Similar for Sale

    • $400,000
      1,100 SF

      Established Storage Units For Sale

      1.48 +/- acres with established storage units in Nancy, KY.
      1987 W Highway 80, Nancy, KY 42544
      View Details
    • $423,800

      Private Farm Near Lake Cumberland

      40-acre farm with privacy, near Lake Cumberland.
      40-AC Trenton Court, Nancy, KY 42544
      View Details
    • $299,900

      41 Acres in Nancy, Kentucky

      41 acres bordering US Army Corps land near Lake Cumberland.
      4570 Pointer Creek Road, Nancy, KY 42544
      View Details
    • $269,900

      Unrestricted Lake Cumberland Acreage

      Unrestricted farmland with city water, pond, and livestock setup, bordered by US Army Corps land near Lake Cumberland.
      3175 Ard Ridge Road, Nancy, KY 42544
      View Details
    • $1,450,000

      Large Farm Near Lake Cumberland

      384-acre farm suitable for farming, hunting, or timber management.
      1475 Wolf Creek Road, Nancy, KY 42544
      View Details
    • $559,000

      Kentucky Farmland with Hay Barn

      40.19 acres of usable pasture ground with hay barn.
      40.19 Acres Flatwoods Road, Nancy, KY 42544
      View Details
    • $150,000

      Lake-View RV Recreational Land

      Unrestricted lake-view tract with established RV sites and utility hookups for immediate weekend or seasonal use.
      Tract 2 Hwy 196, Nancy, KY 42544
      View Details
    • $125,000

      Lake Cumberland View Land

      Cleared 2.27-acre lot with lake views near marinas.
      Tract 3 Hwy 196, Nancy, KY 42544
      View Details
    • $100,000

      Lake Cumberland View Cleared Land

      Cleared 1.76-acre lot near Lake Cumberland with easy access.
      Tract 4 Hwy 196, Nancy, KY 42544
      View Details
    • $175,000

      Unrestricted Lakefront Land Tract

      Unrestricted Lake Cumberland parcel with a level cleared build area and wooded acreage with long lake views.
      Tract 1 Hwy 196, Nancy, KY 42544
      View Details
    • $24,900

      Land Near Lake Cumberland

      Recreational land near Lake Cumberland with utilities available.
      141 Pine Tree Circle, Nancy, KY 42544
      View Details
    • $125,000

      Land Near Lake Cumberland

      7 acres with utilities near Lee's Ford Marina.
      268 Willow Oak, Nancy, KY 42544
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.29 acres near Lake Cumberland with community boat ramp.
    Where is this residential land & home lot located?
    The property is located at 2.29 acres Alexandria Drive Nancy, KY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2.29 acres with community boat ramp access on Lake Cumberland; Dual road frontage on Heritage Way and Alexandria Drive provides flexible building options; Short‑term rentals are allowed, making it ideal for vacation rentals or Airbnb
    (606) 872-3839
    We can help!
    Listing Contact
    Stephanie H Bastin
    Stephanie H Bastin
    Real Estate License ID: 218197
    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
    2.29 acres Alexandria Drive, Nancy, KY 42544
    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!