Description
Superb lake view lot ready for your cabin plans so you can nestle in the trees. Stillwater is a gater community about 10 mills from Russell Springs and 30 minutes to Somerset just off the Cumberland Parkway. Lake Cumberland Marina is about 15 minuts away. This half acre lot is on a very quiet loop in a cul-de-sac. The lots were initially sold (or oversold) in 'Grand Opening Day Sale' fashion, the true open market value of t is coming to light. Statisically the average loss in Stillwater is about 39%. This lot sold originally for $91,900! So at $49,900 it's a very good buy. There is a community path to the lake and a 2-hole practice course. It is very peacefull there. If you are a builder, there are great opportunities to spec out some lake homes. In that loss, equity is still there. If you build, the home should absorb that loss difference. Call me and we can talk more about all this, Some restrictions as there is no local zoning. Minimum square footage is 1800 sq ft. No livestock. No mobile homes. Campers on a limited basis. Barndominiums acceptable with approval if they meet the design and material requirements. Could be combined with lot 87 MLS 23021860 for a stellar lot.
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0.49ACRES
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01/2 BATHS
School Information
Description
Superb lake view lot ready for your cabin plans so you can nestle in the trees. Stillwater is a gater community about 10 mills from Russell Springs and 30 minutes to Somerset just off the Cumberland Parkway. Lake Cumberland Marina is about 15 minuts away. This half acre lot is on a very quiet loop in a cul-de-sac. The lots were initially sold (or oversold) in 'Grand Opening Day Sale' fashion, the true open market value of t is coming to light. Statisically the average loss in Stillwater is about 39%. This lot sold originally for $91,900! So at $49,900 it's a very good buy. There is a community path to the lake and a 2-hole practice course. It is very peacefull there. If you are a builder, there are great opportunities to spec out some lake homes. In that loss, equity is still there. If you build, the home should absorb that loss difference. Call me and we can talk more about all this, Some restrictions as there is no local zoning. Minimum square footage is 1800 sq ft. No livestock. No mobile homes. Campers on a limited basis. Barndominiums acceptable with approval if they meet the design and material requirements. Could be combined with lot 87 MLS 23021860 for a stellar lot.
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Listing provided courtesy of Bradley Bigelow of Century 21 Advantage Realty: (606) 451-1021 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.