327-331 Hideaway Hls, Owenton, KY, 40359
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Property condition: Existing Structure
- Year built: 1997
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MobileManufactured
- Architectural style: Ranch
- Property subType: Single Family Residence,Residential,Manufactured Home,Mobile Home
Interior
Appliances
- Appliances included: Electric Range,Dishwasher,Refrigerator
Bathroom2
- Features: See Remarks
- Level: First
- Area: 0
- Dimensions: 0 x 0
Bedroom2
- Features: See Remarks
- Level: First
- Area: 0
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Window features: Vinyl Frames
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 1,510
- Total interior livable area: 1,510 sqft
Kitchen
- Features: See Remarks
- Level: First
- Area: 0
- Dimensions: 0 x 0
Living Room
- Features: Fireplace(s)
- Level: First
- Area: 0
- Dimensions: 0 x 0
Primary Bath
- Features: See Remarks
- Level: First
- Area: 0
- Dimensions: 0 x 0
Primary Bedroom
- Features: Bath Adjoins
- Level: First
- Area: 0
- Dimensions: 0 x 0
Property
Details
- Parcel number: 0375000327.00
- Zoning description: Unzoned
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Lot size: 1.49 Acres
- Lot size dimensions: 5 Lots
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Inland Flooding
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,157 | $13,884 |
| Home Insurance * | $199 | $2,388 |
| Property Taxes | $122 | $1,464 |
| Electricity | $154 | $1,850 |
| Total | $1,632 | $19,584 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $229,000 |
| 2026-07-18 | Listing removed | $250,000 |
| 2026-04-10 | Listed for sale | $250,000 |
| 2026-03-12 | Pending sale | $250,000 |
| 2025-11-13 | Listed for sale | $250,000 |
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