The Coal Reserve

64317_517 E  RACETRACK RD,_SOMERSET KY 42503-Leny DRONE 3789779 Hamm pic vid 3d drone_15-09-2017.002464317_517 E  RACETRACK RD,_SOMERSET KY 42503-Leny DRONE 3789779 Hamm pic vid 3d drone_15-09-2017.000964317_517 E  RACETRACK RD,_SOMERSET KY 42503-Leny DRONE 3789779 Hamm pic vid 3d drone_15-09-2017.0007AJB_0039hdrAJB_0019hdrAJB_0003AJB_9952hdrAJB_9862hdrAJB_9915hdrAJB_9939hdrAJB_9981AJB_9948
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    Coal Reserve_Long from Hilco Real Estate Auctions on Vimeo.

    Bid Deadline

    10/25/2017
    Auction

    Other / Hotel/Hospitality / Land / Residential
    Somerset, KY

    32.45 Acres

    Highlights

    For a 3D walk through of the property, follow this link: COAL RESERVE - 3D WALK THROUGH

    For further images, videos and information on the property, follow this link to gain access to our data room: HILCO REAL ESTATE VIRTUAL DEAL ROOM

    OPEN HOUSE DATES:

    Tuesday, October 10th at 12:30pm - 2:30pm (EST)

    Saturday, October 14th at 1:00pm - 3:00pm (EST)

    Thursday, October 19th at 12:30pm - 2:30pm (EST)

    Description

    Privately owned, this unique estate sits on approximately 32.45 acres of rolling Kentucky hills. The property has three main structures consisting of an elegant 7,700+/- square foot main home, a 6,700+/- square foot event center, and a carriage house with an upstairs apartment. The whole property is undoubtedly one of the most luxurious in the area and has a picturesque view overlooking the estate’s pond and the countryside.

    The estate is nestled between beautiful Lake Cumberland and Daniel Boone National Forest in Somerset, Kentucky. Uniquely positioned in south central Kentucky, the historic Keeneland Racecourse and Churchill Downs racetrack (home to the Kentucky Derby) are each a drivable distance or a short helicopter ride away from the property’s designated landing pad. Each year more than 1.5 million tourists make their way to Pulaski County as they seek out the pastoral scenery ideal for boating, fishing, skiing or simply relaxing on one of the largest man-made lakes in the nation with over 1,200 miles of shoreline.

    The property is centered around an expansive three-story home, including a full basement, offering five bedrooms each with their own en suite bathroom. Surrounded by lush greenery, the house can be accessed via two electrically operated gates along Highway 1247 North. The main home has a three-car garage with an additional three-car garage in the carriage house as well. The lavish entryway is brightly lit by a stunning chandelier highlighting the winding staircase with custom crown molding. Three fireplaces located throughout the home perfectly accentuate the coziness of the property’s country setting. The luxurious office doubles as a library complete with intricate custom woodwork.

    Over the years, the exquisite estate has been used to host a multitude of festivities such as celebrations, weddings, receptions, social events, fundraisers, networking meetings, training sessions, dinners, reunions, and banquets. The venue can be used as either a turnkey business capable of catering to any event or as a private luxury getaway for family and friends. The banquet building is equipped with an industrial kitchen located in the second level including a high-end range, flat top and prep station. The main level’s current layout can accommodate 168 seated guests while the second level can comfortably seat an additional 116. There are designated bar areas on both levels as well as multiple restrooms and three outdoor decks overlooking a quaint pond located on the property.

    Recently appraised at $2,000,000, this is an amazing opportunity to own a revered estate ideal as a family retreat or luxury venue capable of doubling as a business adored by the local community.

     

    10% Buyers Premium
    In cooperation with Mike Skees, KY Broker, & James Keith, KY Auctioneer

    Note: The above information is subject to inspection and verification by all parties who are relying on it to formulate a bid. No liability for its inaccuracy, errors, omissions, is assumed by the Seller or its agents.

     

     

     

    Contact Broker

    Ed Beck
    (P) - (847) 313-4753
    (E) - ebeck@hilcoglobal.com

    Steve Madura
    (P) - (847) 504-2478
    (E) - smadura@hilcoglobal.com