Listings Search

Pin It

Property Search Compliments of
Broker One Realty, Inc

$1,300,000.00
est: $5,456.52 prin & int/month
Assuming 20% down and 30 year mortgage at 4.800% interest rate (APR: %)
< Find More Homes in this Area >

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 1,200 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 |1,200?± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30?± 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 concrete with 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 sq ft and a 7x14 wing space.

Information

Address:
<map>

please call.
Gray, KY 40734

Bedrooms: 8

Bathrooms: 6 full

Square Feet: 3398

Type: Ranch

Subdivision: Rural

Area/School Dist: 067 - Knox County

MLS ID: 26027545

Status: Active

194 total images
click here to view

Features

Garage: 2
Wooded: Yes
Roof Type: Shingle
Exterior: Vinyl Siding
Lot Size: 48 Acres
Lot Dimensions: 48 acre(s)
Heating: Forced Air,Heat Pump,Natural Gas,Space Heater
Fuel Type: Gas
Cooling: Heat Pump,Multi Units
Year Built: 1994
Body of Water: Other
Parcel #: 055-00-00-007.00 055-00-00-007.01
Appliance Features: Dishwasher,Gas Range,Microwave,Refrigerator
Attic: Access Only
Flooring: Carpet,Ceramic Tile,Vinyl,Luxury Vinyl
Exterior Features: Fire Pit,Outdoor Grill
Interior Features: Eat-in Kitchen,Primary First Floor
Lot Features: Secluded,Wooded
Structures: Workshop,Other
Rooms Total: 7
Parking Notes: Attached Garage,Driveway,Garage Door Opener,Garage Faces Side
Laundry Features: Electric Dryer Hookup,Washer Hookup
Structure Type: House
Utilities: Electricity Available,Natural Gas Available,Phone Available,Sewer Not Available,Water Available
Window Features: Insulated Windows
Laundry: Electric Dryer Hookup, Washer Hookup

School Information

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

Mortgage Information

Agency/Agent Information

Shown By:
  Agency Name: Broker One Realty, Inc
  Agency Phone: (614) 246-7153

Listed By
   Sallie Davidson, Realtors

Real estate agents ready to serve you | Browse homes and real estate for sale

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 12:00:21 AM EST) or CBRMLS (last updated Mon 11/02/2026 11:59:39 PM EST). Real estate listings held by brokerage firms other than Broker One Realty, Inc 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.
Privacy Policy / DMCA Notice / ADA Accessibility