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Marcus Kuhl
REALTOR®
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213 Ky-1232 Highway, Gray, KY 40734

$1,300,000
  • 213 Ky-1232 Highway, Gray, KY 40734 Main Photo

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Featured Listing Active
BEDS8 BATHS6 full SQUARE FEET3,398 MLS#26027548
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONRural SCHOOLKnox County - 67

Property Description

SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,358 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48?± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1358?± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30à??± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! *****Main Building is 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sa ft and a 7x14 wing space.

213 Ky-1232 Highway | MLS# 26027548

This multi-family property located at 213 Ky-1232 Highway, Gray, KY 40734 is currently listed for sale by Sallie Davidson, Realtors, with an asking price of $1,300,000. Ky-1232 Highway is located within the Knox County - 67 school district. Search Gray real estate on marcus.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump, Multi Units
Fuel Type: Gas
Heating: Forced Air, Heat Pump, Natural Gas, Space Heater
Lot Size: 48.00 Acres
Roof Type: Shingle
Year Built: 1994

Feature Descriptions

Days on Site: 28
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup, Common Area
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup, Common Area
Lot Dimensions: 48 acre(s)
Parcel #: 055-00-00-007.00 055-00-00-007.01
Parking Notes: Gravel, On Site
Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Not Available, Water Available

Local Schools

High School: Knox Central
Middle School: Knox
Elementary School: Lynn Camp
School District: Knox County - 67

Listed By / Shown By

Listed By

Agency Name: Sallie Davidson, Realtors

agent picture

Shown By

Agent Name: Marcus Kuhl
Agent Phone: (606) 344-4580

Estimate Your Payment

Estimated Payment

$ 5,049.23 per month $4,670.06 Principal & Interest $0.00 Property Tax (data not provided by mls) $379.17 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/03/2026. The listing information on this page last changed on 11/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 11/03/2026 1:53:14 PM EST) or Imagine MLS (last updated Tue 11/03/2026 1:47:22 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: SALLIE DAVIDSON REALTORS, KENTUCKY


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