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3 Beds
2 Baths
1,400 sqft

$975,000

5646 New Drive, Melbourne KY, 41059

Price per sqft$696.43
Built in1995
Property size1,400 sqft
Property typeResidential

Overview

Active

Listed Sep 4, 2026

Updated 3 weeks ago

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

$6,487/mo

Est. mortgage payment based on a $975,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
646338

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
23.3 Acres

Other Property Details

Garage
Yes
View
Yes

Courtesy of Sibcy Cline, REALTORS-CC, Rebecca Orth,
Listing Contact: 859-743-0582 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Dwell Well Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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