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Search Land - Lot 10 Sandstone Point

Lot 10 Sandstone Point

$18,900
Lot 10 Sandstone Point, Monticello, KY
Status: Active
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Property Type
Acreage
Acreage
1.16 acres
County
Wayne, KY
Format
Sale
Features
N/A
List Date
Feb 17, 2023
Documents
N/A
Description
Great 1.16 acre lake view lot in Sandstone Point. A gated community about 5 miles from Beaver Creek Marina. It would be a great spot for a cabin with a walkout lower level or crawlspace. Some basic restrictions in place to protect your investment. You don't want a junky neighborhood do you? Mostly being done in cottage/cabin styles. 1400 sq ft minimum. No mobile homes or doublewides. Barndominiums with approval. Unground utilities (electric & water), you'd install a septic when you build. Think Gatlinburg. Due to how the lots were initially sold (or oversold) in 'Grand Opening Day Sale' fashion, the true value of the lots on the open market is coming to light. Statisically the average loss in Sandstone Point is about 57%. This lot sold originally for about $75,000! So at $29,900 it's a pretty good buy. It's actually a great opportunity for builder to spec out some homes! So if you are ready to build give me a call.
Listing Agent
Bradley Bigelow
Advantage Realty
Somerset, Kentucky
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