327-331 Hideaway 327-331 Owenton, KY 40359

Waterfront Home on Elmer Davis Lake, Priced Below Appraised Value Some lake homes just feel right the moment you arrive, and this is one of them. This 2-bedroom, 2-bath waterfront home sits on five wooded lots along the quiet shores of Elmer Davis Lake, in a private, gated lake community in Owen County, Kentucky. Inside, rustic charm meets modern comfort, with open living spaces and unobstructed lake views from the main living area. Outside, mature trees and a gentle slope to the water give you both privacy and easy shoreline access, plus a private dock for kayaking, fishing, and slow mornings by the water. Here's what makes this a rare find. The home recently passed full FHA underwriting, including foundation engineer certification, and it's being offered below its most recent appraised value of at least $250,000. Adjacent lots and a second dwelling are also available to the buyer, giving you room to grow, host, or simply protect your privacy for years to come. Weekend retreat or full-time residence, this is a rare chance to own a true Kentucky lakefront home, private, peaceful, and still just an hour from Lexington, Louisville, and Cincinnati.