New Listing
$975,000
 $6,487 est/mo Sourced by Back At You

5646 New Drive,Melbourne, KY 41059

Melbourne, KY 41059

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Description

MARTZ COTTAGES ON THE RIVER.... located just past Pendery Park in Melbourne Ky...sitting on 23.3 acres of prime investment- Has been family managed for over 60+years with some tenants residing over 30 years. This is a Diamond in the Rough. Well managed and shows a great investment but could be Much- Much-Much More...with some expanding of facilities; there is room to add more cottages & RV Lots- 10acres of River front could be utilized as well. All cottages and RV/Mobile Home lots. are rented at this time & require notice to view- All sites are tied to Public Water & have septic. Please contact listing agent to set appts. This Mobile Home is in excellent Condition and sits on an amazing site within '' Martz Cottages '' Great way to add income, this home has not been part of rental but lived in by Seller's parent. Now being offered as part of Cottage Investment. The front porch offers a view of the entire community with great yard space, a large two car detached garage and storage shed. The home offers Cathedral ceilings, large rooms and move in ready decor. Laundry offers a walkout to rear yard. Electric HVAC. This unique opportunity could be used as your investment expands. You can live in and use as your Office/ Home or add to your Rental Income. The Mobile home has a separate Title and is being transferred as part of the 23 acre Cottage Investment - Is NOT being sold separately. See Commercial listing for Martz Cottages MLS#646339 at 4068 Fry Street, Melbourne, KY

Details

MLS #646338
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1995
Days On Site2
Listing Provided BySibcy Cline, REALTORS-CC | Rebecca Orth

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,400
Garage2
Story(s)1
ZoningSee Remarks, Residential, Agricu
Acreage23.30
Property ViewNeighborhood

Area Information

StateKY
CountyCampbell
CityMelbourne
Zip Code41059
AreaK19 Calif | Melb | Silv Grov
SubareaCalif | Melb | Silv Grov
School DistrictCampbell Co Public
Elementary SchoolCrossroads Elementary
High SchoolCampbell Co Public
Listing VS Median (in 41059)
Price:
$975,000
low | high
Med:
$360,000
100% of Average
sqft:
1,400
low | high
Med:
3,240
81.428571428571% of Average
$ / sqft:
$696
low | high
Med:
$111
100% of Average
On site:
2
low | high
Med:
17
11.764705882353% of Average
Sourced by Back At You

Market Activity 41059

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Contact

Learn More About This Property

Jordan McBride

Jordan McBride

e-Merge Real Estate

2015001616 (937) 441-0721jordan.mcbride@e-merge.com
StateKY
CountyCampbell
CityMelbourne
Zip Code41059
AreaK19 Calif | Melb | Silv Grov
SubareaCalif | Melb | Silv Grov
School DistrictCampbell Co Public
Elementary SchoolCrossroads Elementary
High SchoolCampbell Co Public
Listing VS Median (in 41059)
Price:
$975,000
low | high
Med:
$360,000
100% of Average
sqft:
1,400
low | high
Med:
3,240
81.428571428571% of Average
$ / sqft:
$696
low | high
Med:
$111
100% of Average
On site:
2
low | high
Med:
17
11.764705882353% of Average
Sourced by Back At You
Listing Updated: September 4, 2026 at 3:40:54 PM PDT