520 N 708 Highway, Beattyville, KY 41311

Description

520 State Highway 708, Beattyville, Kentucky, USA The road into the mountains of Lee County has a way of slowing you down, and 520 Highway 708 North is worth slowing down for. Pasture opens around a four-bedroom home, a stocked lake sits ringed in cattails, Bear Creek winds through the bottomland, and behind it all a mountainside of conifer and hardwood climbs toward the ridge. This is a private getaway, an income-producing property, and an investment opportunity in one of the fastest-growing tourism corridors in eastern Kentucky. The one-acre lake once operated as a pay lake and remains stocked with catfish, bass, and crappie. Cattails line the entire shoreline, while benches and mowed strips open the water from every angle, so you can fish wherever the evening light falls best. A new owner could reopen it to the public as a pay lake once again or keep it as a private fishing retreat. Six hundred fifty yards of Bear Creek run east to west through the bottomland, shaded by groves of walnut, sycamore, and tulip poplar. Across the water, cliffs of 10 to 20 feet rise from the creek's edge and draw the eye up the mountain. When the hardwoods turn in the fall, this is as striking a setting as you will find in this part of the state. Most of the acreage climbs the mountain through extensive conifer stands, mature groves, and oaks, with deer trails worn throughout. Overgrown wildlife pastures give a hunter natural openings and access points to build around, and the timber holds future investment value. The property also earns while you own it. A natural gas lease was established within the last five years as gas development continues in the area, and the next owner will share that lease income on a one-half split with the current seller. The home offers approximately 2,352 square feet with four bedrooms and three bathrooms. Two entrances off the driveway make it easy to host family, guests, or renters. A front porch faces the road, and a side porch with a grill is set up for evenings outdoors. Beside the house, a concrete parking pad sits just above a 45'x30' detached garage and barn. The home is in livable condition but certainly needs work. With most short-term rentals near the Gorge limited to one- and two-bedroom cabins, a home with room for a full family also offers a rental option worth considering. The location keeps it all within easy reach. The Red River Gorge, one of the most visited outdoor destinations in the eastern United States, is 27 minutes away, and Beattyville is just 13 minutes down the road. Irvine is 45 minutes away, Winchester one hour, Richmond one hour and ten minutes, and Lexington an hour and a half. Fishing water, live creek, mountain timber, a home with room for everyone, and income from the ground. This mountain estate in central eastern Kentucky is waiting on its next rightful owner. Call today and come walk it. 1 hour 10 minutes (45 miles) to Richmond 1 hour 30 minutes (80 miles) to Lexington 13 minutes (8 miles) to Beattyville 27 minutes (20 miles) to the Red River Gorge 45 minutes (30 miles) to Irvine Mountainside getaway in the Red River Gorge region Natural gas lease income, one-half split with seller Stocked one-acre historic pay lake Catfish, bass, and crappie Cattail shoreline with benches and mowed access 650 yards of Bear Creek through the bottomland Walnut, sycamore, and tulip poplar groves along the creek 10- to 20-foot cliffs rising from the creek Diverse hardwood mountainside Deer trails and overgrown wildlife pastures throughout Approximately 2,352 sq ft home, four bedrooms, three baths Two entrances for family, guests, or renters Front porch and side porch with grill 45'x30' detached garage/barn Short-term rental potential near the Red River Gorge Deeded at 50 acres, (+/- 33 acres)