USLakeFront Lake survey & intelligence

$530,000

7439 Harbor Way, Somerset, KY 14766

Sample listing
2
Bedrooms
1
Bathrooms
1,700
Square feet
60 ft
Shoreline
$8,833
Per shoreline ft

Low-maintenance condo with a deeded slip on Lake Cumberland. Roughly 60 feet of owned shoreline on 3.88 acres, with 2 bedrooms across 1,700 square feet. No dock. Water clarity on Lake Cumberland averages around 15 feet and the lake is classified volatile for water level. Dock and shoreline work fall under USACE Nashville District. This is a sample listing used to demonstrate the platform.

Features

New seawallSandy beachWood stoveIrrigation from lakeWhole-house generatorDetached garage

Property facts

Property typeHouse Year built1989 Lot size3.88 acres DockNo dock Water depth at dock12 ft ExposureWest-facing ViewSunrise Annual taxes$5,831 HOA$0/mo Short-term rentalPermitted Listed2026-08-05
$4,582
All-in monthly
$121,970
Cash to close
$13,420
Costs beyond the obvious

Up front

Down payment$106,000
Closing costs (est. 2.4%)$12,720
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$121,970

Every year

Principal & interest$33,510
Property taxes$5,831
Hazard insurance$2,226
Flood insurance$2,400
Utilities$2,400
Maintenance reserve (1.1%)$5,830
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$360
Total$54,987
Adjust these assumptions →
$8,833
This home / shoreline ft
$7,330
Lake average
$312
Per square foot
Above the lake average — this property prices at $8,833 per shoreline foot against a lake average near $7,330, a difference of 21%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year126 Gross revenue$43,748 Lodging tax−$4,812 Management−$7,787 Cleaning & supplies−$12,324 Net operating income$18,825 Against annual carry$-36,161
Model your own →
5.7
Lake score
C
Water grade
45 ft
Drawdown
Level stabilityVolatile Typical clarity15 ft Dock authorityUSACE Nashville District
Full Lake Cumberland report →
Comparable

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