Property description


Wall Street Mansion at Main Street Prices!

Posh, private, serene, and spacious investment property is in an unzoned area, yet only minutes away from a major Interstate

This property has NO ZONING RESTRICTIONS. Therefore, it lends itself to many uses: as an income producing multi-family unit, a private upscale Rehab facility, a retreat of any kind, an upscale B & B or simply a family home. And there's plenty of acreage to build more if desired.

Bigger Spaces and Remote Working are here to stay but ultra-low mortgage rates are not! Now is the time to grab this treasure!

HOUSE DESCRIPTION:: 10160 square foot of upscale living on a 3.49 acre lakefront lot! Kayak, Canoe, Paddle, Fish or Float in your own backyard year round! Swim in the lake, the outdoor pool, or the indoor swim spa. Lounge in the wrap around deck! Or warm up in the indoor sauna! This 5 bedroom, 6.5 bath, house on a quiet cul-de-sac features double story floor to wall picture windows, marble fireplaces, wide open layout, cathedral ceiling, 4 master bedroom suites with jacuzzi tubs in each, Solarium, Au-pair suite, and lakeview from every room! The living room, family room, solarium and spa room double the space!! Enjoy wildlife from the comfort of your home! Geese, Heron, Crane, Duck, Deer, Turtle, Beavers, Birds and even Swan and Otters can be sighted from your own deck or room. Indoors, be entertained by a 110” drop down TV in front of a cozy marble fireplace. (Please scroll down for more listed features). If you are the outdoors type, there's plenty of hunting land as well as horse riding nearby! This property is just off of Interstate 69, the highway that connects U.S., Canada and Mexico. The property is minutes away from 24 hour shopping and gas stations and a 450 bed multi-specialty hospital! Low Property taxes are an additional benefit.

USE AS AN INCOME PRODUCING MULTI-FAMILY UNIT: The house is an ideal investment property as an income generating, multi-family lakeside units. The house is constructed in such a way that a simple drywall in the living room would make 2 fully functional houses with individual bedrooms and garages. The Au-pair suite with a bedroom, bath and kitchen in the extra large fully finished basement could be used as a third residence for a total of three independent houses. If desired, there's plenty of land to build more units for more income. No zoning restrictions mean no hassles or red tape to convert as you wish. Stay in one and rent out the other two or rent all of them out. Lakefront rentals are always in demand.

USE AS AN UPSCALE INPATIENT REHAB CENTER The location of this property is ideal for an Inpatient Addiction Treatment Center. Its' idyllic, serene, peaceful and private location itself is therapeutic and the premise lends itself for holistic healing activities such as swimming, fishing, canoeing, kayaking and nature walks. Many white collar workers affected by the opioid crisis demand privacy and do not wish to obtain treatment in the cities they live. This place is easily accessible and is within a couple of hours' drive from several major cities such as Nashville, TN, Louisville, KY, Evansville, IN, and Owensboro, KY. The property is ideal as a luxury In- patient center with small number of clients wanting individual attention, with private Master bedroom suites with jacuzzis, a great room for discussions and groups, a library for bibliotherapy, and a 110” TV for audio-video presentations. The basement could be used as staff quarters. For larger number of clients, the rooms can easily be subdivided and more beds added to make semi-private rooms. There's plenty of land to add more buildings or beds if needed. No zoning restrictions mean no hassles or red tape to expand as you please. The presence of a multi specialty hospital in town ensures medical emergencies and consultations can be handled quickly and efficiently. Additionally, the local community college produces allied healthcare graduates, guaranteeing affordable skilled and semi-skilled labor.

USE AS AN EXECUTIVE / SMALL BUSINESS / OR WEEKEND RETREAT: Ideal get away location for the busy executive to recharge and energize and start the week with renewed focus. Easy and quick commute from several near by cities. Or boost your employees' morale by making this your business retreat! Let them enjoy kayaking, canoeing, fishing, paddle boating, swimming and relaxing by the pool and lake for rejuvenating yourself! The serene location and the easy drive would make this an ideal, quick and effective get away!

USE AS A LUXURY BED & BREAKFAST: Ideal B& B location for guests wanting to escape mundane city life. With several cities and an army base near by, there's great potential for steady guest visits. Enthrall them with your hospitality, serene surroundings and water adventures.

USE AS A SINGLE FAMILY HOME: Simply make it a warm home for your family. Let the children and grand children gather in your home and have fun together as one big family!

View of Lake from every room
Wooded and Landscaped Lot
Two Story See Through Red Marble Fireplace
Second Marble Fireplace
Two Story Living Room with huge picture windows
Island Kitchen (Lakeview while doing dishes)
Upscale white laminated cabinets
Wet Bar Area in Kitchen
Countertop matching custom built dinette table
Huge kitchen picture windows in front and back
Extra large 110" retractable drop down TV screen
Open design in Kitchen/Family room area
Walk Out deck for every room
Walk-In Closet in every bedroom
Built-In shelves for book display in the Library
Full Bath in all bedrooms
Jacuzzi tubs in three bedrooms
His and Her closets in master bed room
Cathedral ceiling with solid wood beams in MB
Large MB bath with double sinks, shower stall and
Double wide jacuzzi with view of lake
Laundry room adjacent to M B
Upstairs Living room balcony with huge picture windows for front and lake views
Solarium with Wooden Spiral Staircase
Spa-room with Swim-spa, Sauna and bath with extra large windows and glass wall
Hobby/Crafts Room
Fully Finished Basement
Bedroom, Bath, Kitchen & Lounge in Basement
Outdoor Mountain Lake Pool with Wrap around deck
Large landscaped waterfront yard
High Ceilings
Small area under garage that could be converted as a tornado shelter
3 attics for all your storage needs
2 Central Vacs
Intercom System
Home Security System
House and yard atop a Hillock
Plenty of WIldlife
Very private, quiet & serene,yet easily accessible
Low property taxes
Commercial property within 3 miles also for sale
Newly designated I-69 will only increase prices
Truly a mansion for an unbelievable price
Reason for listing: Owners retiring and downsizing

Property Details

  • Beds: 5
  • Baths: 6.5
  • Sq Feet: 10160
  • Year Built: 1989
  • Lake: Otter Lake
  • Acres: 3.490
  • Lot Dimensions: Attached Garage
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 1000 (estimated)
  • ViewTypes:
  • Dock Type: wood
  • Dock Description:
  • Lake Community:
  • Heat/AC: Heat Pump, Geo-thermal
  • Garage: 5
  • Siding: Wood, Stone
  • Yard: Landscaped
  • Utilities: 600
  • Roof: Shingle
  • Stories: 2
  • Fireplaces: 2
  • Property Taxes: 5100
  • MLS #:


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Contact Information:

Sheila Terry, Homeowner
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This is Ad No: 1047264
It has been viewed: 357 times
Added on: Jul 30, 2020
Updated on: Jul 30, 2020
All information provided is deemed reliable but is not guaranteed and should be independently verified.