1737A High Rock Rd - Red River Gorge Kentucky Subdivision

We are offering for sale our beautiful and exclusive Red River Gorge residential and short-term rental subdivision development. This property is a rare opportunity in the region. Our development is comprised of 40.374 acres of premium rolling terrain with 2,200 feet of paved state road frontage on the popular High Rock Road scenic byway. This road is one of the most popular scenic byways in the Red River Gorge region and hosts critically acclaimed short-term rental locations such as The Cabins at Birch Hollow, the High Rock Hideaway, and the Hive at High Rock....the latter two across the street from our Red River Gorge Subdivision. The property is comprised of mature hardwoods forest. The primary soil base is highly fertile loam soil. There are no unusable steep elevations in the property. The property is free from any flooding issues and is not subject to severe weather threats such as hurricanes, tornadoes, flooding or earthquakes......Just a peaceful scenic hideaway that is in extreme demand for short-term rental development. Our HalleluYah Haven Kentucky II development subdivision is comprised of (21) currently available lots ranging in size from 1.471 to 3.079 acres, with 1/3 of the lot acreage (6) lots directly fronting the High Rock Road paved road frontage. The remaining (15) interior lots are accessed by the dvelopment improved roads with 10” of #2 rock base, and 4” of #4 rock surface. All roads have graded and culvert drainage. All lots are surveyed, platted, staked, and registered with the government property registry. There is current new cabin construction being completed within the development. Additionally, we have recently added community electrical and community water access to all the lots, as well as built site pads for various future residential development. Previous, pre-construction and utility development lots were sold in the mid $50,000 per acre range in the interior rear of the development. The comparable lot and land sales in the immediate vicinity of our development are in the $100,000+ per acre range, with prices regularly increasing due to limited availability of buildable lots in the Red River Gorge region. At the current pricing of the lots, which is 25%+ below market comps, the gross revenue of the development is in excess of $3 mil. That number will sharply increase now that the infrastructure of the development is nearing completion. In the fall HalleluYah Haven Kentuky II lights up in a panorama of autumn colors as the foliage of the maple and oak trees provides for a canvass of yellow, orange, red and purple hues. The reason for the sale of the development is due to international relocation of the current ownership. Up to 75% Owner financing is available, as well as payment by Bitcoin.