**Waterfront Dream on Lake Barkley – 537 Algonquin, Eddyville, KY 42038**
Welcome to your ultimate lakefront escape! This charming 4-bedroom,2-bath is perfectly nestled on the scenic shores of Lake Barkley. Whether you’re searching for a relaxing lakehome or a lucrative investment property, this waterfront cottage checks every box.
Enjoy breathtaking lake views from your private covered dock, complete with a boat lift—ideal for launching your lake adventures. The spacious lakeside patio and screen porch on the main level offer endless opportunities for outdoor relaxation and entertaining. Step inside to discover beautiful hardwood floors and an open floor plan that seamlessly connects the living, dining, and kitchen areas, creating a welcoming space for friends and family.
The main level features two comfortable bedrooms, while the lower level includes a bedroom and a bunk room—perfect for accommodating guests or maximizing rental income. Downstairs, a large family/game room opens to a covered deck overlooking the water, making it the ideal spot for movie nights or rainy-day fun. The lower level also houses the laundry for added convenience.
Bring all your lake toys—the detached 2-car garage offers ample storage space! Located minutes from I-24 and close to Eddy Creek, this property is not only a peaceful retreat but also an excellent vacation rental opportunity.
Vacation rentals are allowed, making this a true must-see for lake home for buyers and investors alike. Discover the perfect blend of comfort, fun, and investment potential at 537 Algonquin—your Lake Barkley adventure awaits!
Active
Price cut: $18K (7/22)
$549,537
537 Algonquin Rd, Eddyville, KY 42038
4beds
2,666sqft
Single Family Residence, Residential
Built in 1984
0.39 Acres Lot
$-- Zestimate®
$206/sqft
$-- HOA
What's special
Waterfront cottageBoat liftSpacious lakeside patioBreathtaking lake viewsPrivate covered dockOpen floor planBeautiful hardwood floors
- 150 days
- 1,184
- 100
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#: 3185987
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom 1
- Features: Full Bath
- Level: Full Bath
Dining room
- Features: Combination
- Level: Combination
Kitchen
- Features: Eat-in Kitchen
- Level: Eat-in Kitchen
Living room
- Features: Great Room
- Level: Great Room
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Electric Range, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Extra Closets, Open Floorplan, High Speed Internet
- Flooring: Wood, Luxury Vinyl
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Great Room, Wood Burning
Interior area
- Total structure area: 2,666
- Total interior livable area: 2,666 sqft
- Finished area above ground: 1,333
- Finished area below ground: 1,333
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 1
- Patio & porch: Deck, Covered, Screened
- Exterior features: Dock
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Lake Front, Year Round Access
Lot
- Size: 0.39 Acres
- Features: Views
- Topography: Views
Details
- Parcel number: 43A6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Indian Hills
HOA
- Has HOA: No
Location
- Region: Eddyville
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $349,000
- Annual tax amount: $2,795
- Date on market: 5/1/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $549,537$206/sqft |
Source: | ||
| 8/10/2026 | Contingent | $549,537$206/sqft |
Source: | ||
| 7/22/2026 | Price change | $549,537-3.2%$206/sqft |
Source: | ||
| 5/1/2026 | Listed for sale | $567,537+110.3%$213/sqft |
Source: | ||
| 5/30/2006 | Sold | $269,900$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,795 -1.1% | $349,000 |
| 2024 | $2,827 -2.5% | $349,000 |
| 2023 | $2,900 +24.2% | $349,000 +26.9% |
| 2022 | $2,335 -3.1% | $275,000 |
| 2021 | $2,409 +0.4% | $275,000 |
| 2020 | $2,399 | $275,000 |
| 2019 | $2,399 +2.2% | $275,000 +1.9% |
| 2018 | $2,348 +0.7% | $269,900 |
| 2017 | $2,332 -0.2% | $269,900 |
| 2016 | $2,337 | $269,900 |
| 2015 | -- | $269,900 |
| 2013 | -- | $269,900 |
| 2012 | -- | $269,900 |
| 2011 | -- | $269,900 |
| 2010 | -- | $269,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 42038
Nearby schools
Schools provided by the listing agent
- Elementary: Lyon County Elementary School
- Middle: Lyon County Middle School
- High: Lyon 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.





