RE/MAX Real Estate Associates services all of Benton, Calvert City, Gilbertsville, Hardin, and Murray. They are located in Benton, Kentucky at 803 Main Street. 270-527-8035, Jeff Smith: principle broker/owner.
Kentucky Lake Real Estate
Blue skies and bluegrass are attracting more and more residents to the Kentucky Lake and Barkley Lake areas of Western Kentucky.
Quality of life and lower housing costs are so attractive that from 2000 to 2007 the population of Western Kentucky has risen over 4 percent, with 82% of residents owning their own homes. The median home price in Western Kentucky has risen from just over $78,000 in 2000 to $103,000 in 2006. The highly affordable housing in the Lakes area also has attractive real estate tax rates for residents. Real estate property taxes average $800 per year.
Kentucky Lake and Barkley Lake offers more then attractive housing costs. The selection and sites of property and homes appeal to those who want to make Kentucky/Barkley Lake their permanent home and those who are looking for vacation property. Kentucky/Barkley Lake offers waterfront homes from the low $100’s to over $3.5 million. With gentle slopes to your own private dock to community slips, there is a wide range of choices for waterfront property. The Sleddcreek Estates area in Marshall County offers spectacular waterfront homes with a gentle slope to the water. Subdivisions such as Sassy Land and Cambridge Shores offer waterfront and water view homes and lots, some with private docks and others with community docks, parks and other amenities.
If golf is your pleasure Kentucky and Barkley Lake offer a number of golfing communities. Marvel Golf Community, designed by Palmer Course Design offers 18 holes of championship golf along with a clubhouse and other amenities. Homes and lots either lakefront or golf course are available, when complete the community will have 500 homes. Mineral Mound Golf Course on Lake Barkley is one of Kentucky State Park “Signature Series”courses. Offering lakefront homes and golf cottages, golf lots start in the mid $30’s on one of Lake Barkley’s premier courses.
The beauty of Kentucky/Barkley Lake real estate is also the affordability and the investment values. A piece of property consisting of 2.5 acres was purchased in 1989 for $35,000. Last year one acre just down the road from that 1989 purchase sold for $150,000.
The steady growth of the Kentucky and Barkley Lake areas also leads to greater tourism. Quaint shops and small villages such as Grand Rivers, Kentucky are high tourist areas. Storefront rental space can be found in many areas for as little as $400. per month. Business and commercial real estate prices are one of the reasons that Kentucky has the 13th lowest overall business cost in the nation. The convenience of major highways, airports, and rivers leads to many advantages for commercial development on Kentucky and Barkley Lakes. Calvert City, Kentucky has 16 industrial plants and potential for even more growth.
On Kentucky Lake and Lake Barkley you can work and play, for as little as $35,000 to millions, there is a place waiting, calling you home.