luxury houses with reception room for sale Sweetwater, United States

Welcome to Fox Chase, a premier Lake Cumberland area development offering an exceptional turnkey residential investment with immediate revenue potential and substantial long-term upside. Encompassing approximately 342± acres, the property includes 70 fully developed, shovel-ready lots averaging approximately one acre in size, together with 272± contiguous acres positioned for future expansion and development.Multiple homesites are available within Fox Chase, presenting a unique opportunity for builders, investors, or buyers seeking flexibility in design and placement. The community's upscale standards and cohesive architectural style create long-term value and strong curb appeal throughout the development. 342+/- Acres 70 build-ready lots averaging approximately one acre in size Infrastructure including roads, utilities and clubhouse already in place 272+/- acres are available for future development The existing lots are fully improved with city water, electric, and established road infrastructure already in place, allowing a new owner to focus on marketing, lot absorption, and future development phases rather than significant upfront infrastructure costs. The remaining acreage presents outstanding flexibility for continued residential development, a mixed-use concept, or a thoughtfully designed master-planned community. Fox Chase offers substantial existing infrastructure and community improvements already in place, including: 70 build-ready residential lots with infrastructure and utilities, including city water Established road systems and stately entrance Approximately 2,500 feet of Highway 90 frontage for potential commercial development consideration Approximately 10,500 feet of Green Hills Estate Road frontage Completed survey work, including future development phase planning Utilities available for the future expansion of the 272+/- undeveloped land A fully functional clubhouse serves as a centerpiece to the community and includes: Tennis court Basketball court Exercise area Dining hall Ballroom Commercial-style kitchen facilities These amenities provide immediate value for community engagement, private events, recreational use, or potential event-driven income opportunities. Conveniently located between Somerset and Monticello, this property places you in the heart of Kentucky's premier outdoor recreation destination. Lake Cumberland is renowned for its deep, clear water, world-class striped bass fishing, and more than 1,200 miles of shoreline, offering endless opportunities for boating, fishing, water sports, kayaking, and waterfront dining. Several public boat launches are conveniently located nearby, including General Burnside Island State Park, which features a multi-lane public launch providing easy access to the lake, as well as Lake Cumberland State Park Boat Ramp and U.S. Army Corps of Engineers Halcombs Landing Boat Ramp. Outdoor enthusiasts will appreciate nearby Lake Cumberland State Resort Park and General Burnside Island State Park, offering hiking trails, camping, golf, wildlife viewing, and scenic overlooks. General Burnside is Kentucky's only island state park and is known for its award-winning golf course, campground, marina access, and excellent fishing opportunities. Popular local destinations include Wolf Creek Marina, Safe Harbor Burnside, and Conley Bottom Campground, which provide marina services, boat rentals, waterfront dining, and access to some of the lake's most scenic coves. Additional attractions include Pulaski County Park with beaches, trails, mountain biking, and lake access, the historic Old Lake Cumberland Railroad Tunnel, and the famous Cumberland Falls, often called the Niagara of the South, located within an easy drive of the property. Whether your interests include boating, fishing, hiking, golf, hunting, or simply enjoying the beauty of the outdoors, this exceptional location offers year-round recreation and access to some of Kentucky's most treasured natural attractions. The remaining 272± acres are currently utilized for hay production, generating approximately 500 round bales annually. This existing agricultural use provides supplemental income while future development phases are implemented and may help offset holding costs during lot sellout and expansion. Additionally, all owned water and mineral rights associated with the property will convey with the sale, further enhancing the property's long-term investment profile. All owned water and mineral rights associated with the property will convey. This is a rare opportunity to acquire an established lake-area community in a single transaction with both immediate cash flow potential and significant future appreciation. By strategically selling the existing developed lots individually, a new owner has the opportunity to recover a substantial portion of the acquisition basis early while retaining control of the remaining large-scale development acreage for future phases and long-term value creation. Recent lot sales within the development have averaged approximately $50,000 per lot, creating an attractive near-term revenue opportunity for the next owner. Existing Lot Sales Potential Based on a wholesale acquisition basis of approximately $30,000 per lot and recent retail lot sales averaging approximately $50,000 per lot: Average Retail Lot Sale Price: $50,000 Estimated Lot Acquisition Basis: $30,000 Estimated Gross Profit Per Lot: $20,000 With 70 developed lots in place, the projected gross profit potential from lot sales alone is approximately $1,400,000 before associated expenses and carrying costs. This structure provides a compelling opportunity for an investor or developer to reduce basis quickly while preserving long-term ownership and development control of the remaining 272+/- acreage. Please note that the development phase that includes the 70 build-ready lots and clubhouse is available for purchase separately and without the undeveloped 272+/- acres. Contact Pat Doyle to discuss. The Lake Cumberland region offers a well-balanced, four-season climate that supports year-round recreation, residential appeal, and long-term livability. Summer (June-September): Summers are warm, with July as the peak month, featuring average high temperatures in the upper 80's. The proximity to Lake Cumberland provides a natural cooling effect and enhances the area's strong seasonal tourism appeal. Winter (December-February): Winters are relatively short, with cool to cold conditions. January typically sees average lows in the 30's. Snowfall is moderate and seasonal, contributing to the region's scenic winter landscape without severely impacting accessibility. Spring & Fall: These transitional seasons are particularly attractive, offering mild temperatures and vibrant natural beauty. Spring brings rapid warming and lush greenery, while autumn delivers crisp air and striking foliage-both highly desirable for residential living and tourism activity. Precipitation: Rainfall is evenly distributed throughout the year, with slightly wetter conditions in late winter and spring. This consistent precipitation supports healthy vegetation, agricultural productivity, and the region's rolling, picturesque terrain. The Lake Cumberland region between Somerset and Monticello is rich in history and deeply connected to Kentucky's cultural heritage. Originally settled in the late 1700s and early 1800s, the area developed around farming, timber, and commerce along the Cumberland River. The region's modern identity was shaped in the 1950s with the construction of Wolf Creek Dam, which created Lake Cumberland-one of the largest man-made lakes east of the Mississippi River. Today, Lake Cumberland is recognized as one of the nation's premier recreational lakes, attracting visitors from across the country for boating, fishing, and outdoor recreation. Despite its popularity as a tourism destination, the surrounding countryside retains much of its historic rural character, with rolling farmland, hardwood forests, small communities, and a strong tradition of outdoor living. The combination of natural beauty, rich history, and easy access to one of Kentucky's most celebrated lakes makes this area a unique and highly desirable place to own property. Ideally situated in the heart of South Central Kentucky along Highway 90, this property enjoys a highly desirable location between Somerset and Monticello, along the renowned Lake Cumberland. This prime setting offers the perfect balance of privacy, natural beauty, and convenient access to modern amenities. Residents enjoy easy access to marinas, public boat launches, waterfront dining, shopping, healthcare, and everyday services while remaining surrounded by the scenic rolling hills, hardwood forests, and pastoral landscapes that define South Central Kentucky. Known for its mild four-season climate and exceptional outdoor recreation, the area is a destination for boating, fishing, hiking, hunting, horseback riding, and exploring the region's abundant natural resources. The property's central location provides convenient access to both Somerset's regional shopping, dining, and medical facilities and Monticello's charming small-town atmosphere and gateway to the southern reaches of Lake Cumberland. This location offers the best of Kentucky living-peaceful countryside, outstanding recreational opportunities, and close proximity to one of the nation's premier freshwater destinations. The combination of accessibility, natural beauty, and year-round outdoor enjoyment makes the Lake Cumberland corridor between Somerset and Monticello one of the most sought-after regions in Kentucky.