Kentucky Lake Legacy Opportunity | Where Memories Were Made… and Fortunes Can Be Built
Tucked into the rolling hillsides overlooking the main channel of Kentucky Lake, just off Snipe Creek at mile marker 46.5, lies one of the most rare waterfront opportunities to hit the market in years.
For generations, this property was known as Paradise Resort—a place where summer love stories began, children learned to swim, families returned year after year, and sunsets became traditions. Since 1951, this shoreline has held laughter, boat wakes, bonfires, and memories that lasted lifetimes.
Now… it waits for its next chapter.
Today, reimagined as The Villas at Marker 66, this 7.33-acre waterfront estate offers the chance for a visionary investor, developer, or family legacy buyer to create something extraordinary once again.
What Awaits:
7.33 waterfront acres
Approx. 500 feet of shoreline frontage
30-slip marina (26 covered / 4 uncovered)
Rare deeded permanent easement with beach & recreation area
Historic fountain within easement area once used as a minnow retainer
Two villas already underway and 60%+ complete
Multiple panoramic building sites with sweeping lake views
Potential for 12 additional villas (subject to approvals)
Even greater expansion possibilities with private sewer package plant
Existing Villas:
Smaller Villa
2 Bedrooms | 2 Baths
Kitchen + Living Area
Multiple decks with water views
Larger Villa
4 Bedrooms | 2 Baths
Upper & lower recreation areas
Multiple decks overlooking the lake
The Vision:
Create a boutique waterfront resort. Build a family compound. Develop luxury rentals. Craft a destination where the next generation gathers, celebrates, and returns year after year.
This was once a resort lover’s dream.
Now it’s an investor’s dream.
Come discover what paradise could look like again on Kentucky Lake.
Active
$1,700,000
1024 Paradise Dr, Murray, KY 42071
--beds
--baths
7.33Acres
Unimproved Land
Built in ----
7.33 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 127 days
- 246
- 5
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Glenda Ritchie 270-562-1201,
1st Realty Group,
Traci Markum,
1st Realty Group
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3181164
Facts & features
Interior
Interior area
- Total structure area: 0
Video & virtual tour
Property
Features
- Pool features: Association
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Pond, Year Round Access
Lot
- Size: 7.33 Acres
- Dimensions: 7.33 Acres
- Features: Private, Views
- Topography: Private,Views
Details
- Parcel number: 10000018
- Zoning: tva,
- Special conditions: Standard
Utilities & green energy
- Water: Well
Community & HOA
Community
- Subdivision: Paradise
HOA
- Has HOA: No
- Amenities included: Boat Dock, Park, Pool
Location
- Region: Murray
Financial & listing details
- Tax assessed value: $1,000,000
- Annual tax amount: $9,300
- Date on market: 4/23/2026
- Inclusions: Land And Buildings
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Listed for sale | $1,700,000+47.2% |
Source: | ||
| 5/30/2006 | Sold | $1,155,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,300 +1.2% | $1,000,000 |
| 2024 | $9,190 -2.8% | $1,000,000 |
| 2023 | $9,450 -17.5% | $1,000,000 -16.7% |
| 2022 | $11,460 -1.8% | $1,200,000 |
| 2021 | $11,676 +6.1% | $1,200,000 |
| 2020 | $11,003 | $1,200,000 |
| 2019 | $11,003 +3.2% | $1,200,000 |
| 2018 | $10,658 +8.1% | $1,200,000 +3.9% |
| 2017 | $9,864 | $1,155,000 |
| 2016 | $9,864 +1.1% | $1,155,000 |
| 2015 | $9,760 +7.5% | $1,155,000 |
| 2011 | $9,078 | $1,155,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 42071
Nearby schools
Schools provided by the listing agent
- Elementary: East Elementary School
- Middle: Calloway County Middle School
- High: Calloway County High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






