Gray Real Estate

Gray Real Estate

Welcome to Gray, Kentucky – a hidden gem nestled in the heart of the Bluegrass State. With its charming small-town vibe, Gray offers an inviting atmosphere that captures the essence of Southern hospitality. This quaint community is part of Knox County and is conveniently located just off the bustling I-75 corridor, making it an ideal spot for those seeking a peaceful retreat while still enjoying easy access to urban amenities.

Gray is surrounded by picturesque landscapes, featuring rolling hills and lush greenery that create a serene backdrop for outdoor enthusiasts. The area boasts numerous parks and recreational areas, perfect for hiking, picnicking, and enjoying the natural beauty of Kentucky. The nearby Daniel Boone National Forest offers breathtaking views and endless opportunities for adventure, from hiking trails to camping spots.

In addition to its natural allure, Gray is home to a tight-knit community that prides itself on its rich history and vibrant local culture. Residents enjoy a variety of local businesses, charming shops, and dining options that reflect the unique character of the area. The annual community events and festivals foster a sense of belonging and provide a wonderful way to connect with neighbors.

Families will appreciate the quality education options available in Gray, with schools that prioritize student success and community involvement. With affordable housing options and a friendly atmosphere, Gray is an ideal place to call home for those looking to escape the hustle and bustle of city life while still enjoying the conveniences of modern living.

Discover the warmth and charm of Gray, Kentucky – where community spirit meets natural beauty, making it a perfect place to find your next home!

Newest Listings in Gray

11555 N Hwy 25 E, Gray
$850,000
26028487 MLS
COMMERCIAL PROPERTY WITH EXCELLENT HIGHWAY EXPOSURE !!!! Exceptional commercial opportunity featuring approximately 1.5 acres along Highway 25E, a four- lane highway in an extremely high-traffic area. This property offers a functional layout with office space, showroom, and warehouse space all conveniently located under one roof. the building features 11 bays, two walk-through doors and three loading bays, providing excellent functionality for a variety of commercial, industrial, distribution, automotive or service-related operations. Additional features include an upstairs apartment with a full bathroom, offering potential for on-site living quarters or additional business flexibility, subject to applicable zoning and use requirements. With is strategic highway location, generous acreage, and versatile layout, this property presents an excellent opportunity for business owners, investors, or entrepreneurs seeking a property with outstanding visibility and multiple potential uses. Bring your business vision and explore the possibilities.

11555 N Hwy 25 E, Gray
213 Ky-1232 Hwy, Gray
$1,300,000
26027741 MLS
SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,200 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1,200± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! ***Main Building is concrete with 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sq ft and a 7x14 wing space.

213 Ky-1232 Hwy, Gray
213 Ky-1232 Hwy, Gray
$1,300,000
26027649 MLS
SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,200 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1358 SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment!

213 Ky-1232 Hwy, Gray
213 Ky-1232 Hwy, Gray
$1,300,000
8 Beds ⋅ 6 Baths ⋅ 26027548 MLS
SLEEPING TURTLE PAY LAKE & AIR B&B -- A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence--all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,358 square-foot owner's home offering 3 bedrooms and 2 baths--ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1358± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often--a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! *****Main Building is 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sa ft and a 7x14 wing space.

213 Ky-1232 Hwy, Gray
213 Ky-1232 Hwy, Gray
$1,300,000
8 Beds ⋅ 6 Baths ⋅ 26027545 MLS
SLEEPING TURTLE PAY LAKE & AIR B&B — A TURNKEY BUSINESS WITH ROOM TO GROW! 213 KY 1232, Gray, KY 40734. Boasting 48 acres here is an extraordinary opportunity to Work from Home with Sleeping Turtle Air B&B with Pay Lake, an established recreational and hospitality destination situated on approximately 48 acres in the Gray, Kentucky area. This unique property combines income-producing lodging, recreational opportunities, a lake business, retail potential, and a comfortable owner's residence—all in one package! The property features One large pay lake and 2 additional private ponds, creating an incredible setting for fishing, relaxation, meditation garden, outdoor recreation, and future expansion. Five existing Air B&B units provide an immediate lodging component and the opportunity to generate income while continuing to develop the property into a premier destination getaway. Bait shop/store and eatery space, providing the foundation for a one-stop destination serving guests, fishermen, campers, hikers, and visitors from the surrounding area. With the right vision, there is tremendous potential to expand the lodging, recreational amenities, food service, events, camping opportunities, and other income-producing uses. The property also includes an approximately 1,200 square-foot owner's home offering 3 bedrooms and 2 baths—ideal for an owner/operator who wants to live on-site and be close to the business. Approximately 30 acres are wooded, providing a beautiful natural backdrop and excellent opportunities for hiking, hunting, wildlife watching, and outdoor recreation. The combination of ponds, woods, lodging, and commercial facilities creates a property with a rare mix of recreational appeal and business potential. Whether you're looking for an established recreational business, an investment property, a family-operated destination, or a property with significant room for expansion, Sleeping Turtle Pay Lake deserves a serious look. 48± ACRES | 3 PONDS | 5 AIR B&B UNITS | BAIT SHOP/STORE | EATERY |1,200± SQ. FT. OWNER'S HOME | 3 BR | 2 BA | 30± WOODED ACRES | HIKING | HUNTING | EXPANSION POTENTIAL Offered at $1,300,000. Opportunities like this don't come along often—a property where you can live, work, entertain, generate income, and continue building the vision. Bring your entrepreneurial spirit and make Sleeping Turtle Pay Lake your next great investment! ***Main Building is concrete with 4118 sq ft and holds 2 AirB&B apartments with space for more. Present outside rentals are Farm House 450 sq ft w 12x12 deck, Tiny home is 160 soft with 10x4 covered porch. Dry Camp is 120 sq ft plus 40 sq ft loft space and a 10x4 covered porch. The Owners residence is 1358 sq ft with a 2 car garage 581 sq ft and a 7x14 wing space.

213 Ky-1232 Hwy, Gray
9999 Us 25-E, Gray
$236,750
23018401 MLS
Commercial Land on US 25E in Gray!! This 9.47 surveyed tract is wooded and could easily be cleared for a great business location. This property does connect to the listing at 349 Persimmon Ford Lane. Call for details!!

9999 Us 25-E, Gray
3649 State Hwy 233, Gray
$575,000
2 Beds ⋅ 2 Baths ⋅ 26025513 MLS
SOUTH EASTERN KENTUCKY RETREAT WITH 43.86 ACRES & ENDLESS POSSIBILITIES! Discover the perfect blend of privacy, recreation, and opportunity on this beautiful 43.86-acre property in southeastern Kentucky. The main residence offers 2 bedrooms and 1 and 1/2 bathrooms, providing a comfortable home base surrounded by the peace and beauty of the countryside. The property features multiple additional buildings, offering incredible flexibility for a variety of uses. With the right vision, these spaces could provide potential for guest accommodations, hobby areas, workshops, entertainment, or future Airbnb possibilities. One standout building includes a bar area and theater, creating an exceptional space for entertaining family and friends. Outdoor enthusiasts will appreciate the pond and extensive trails, perfect for horseback riding, ATVs, hiking, or simply exploring your own private acreage. Whether you're looking for a private homestead, recreational retreat, family compound, or a property with potential income opportunities with an occupied rental trailer on the property, this one offers plenty of room to make your vision a reality. Despite the peaceful rural setting, convenience is close at hand. The property is located just a few miles from stores and restaurants and is conveniently situated near local churches and schools. With nearly 44 acres, multiple structures, a pond, recreational trails, and a versatile main home, this is a rare opportunity to own a property with space, privacy, recreation, and tremendous potential in southeastern Kentucky. Come explore everything this unique property has to offer! This property has income producing qualities all around 2 active gas wells! With the trailer already rented!

3649 State Hwy 233, Gray
Arkle Rd, Gray
$109,000
26025078 MLS
Call or Text (859) 492-9038

Arkle Rd, Gray
6410 Ky 1232 Gray Ky, Gray
$125,000
2 Beds ⋅ 1 Baths ⋅ 26023811 MLS

6410 Ky 1232 Gray Ky, Gray
3998 Ky 830, Gray
$229,900
4 Beds ⋅ 2 Baths ⋅ 26023700 MLS
Freedom Home has a special offer for you! This lovely 4 bedroom, 2 bathrooms offers 2014 square feet of living space, an open concept between the living room and kitchen, large primary bedroom and bath on a beautiful .62 acre lot. This lot offers a large front and backyard both with excellent views. Built in 2026, it has been designed and carefully crafted to offer you, the buyer a home of quality and craftsmanship with lots of extras to help you make a solid decision on your purchase. To enhance your decision Freedom Home is offering a $10,000.00 furniture allowance with the purchase! This home is also eligible for the $12,500.00 down payment assistance program to qualified buyers. Freedom Home offers extended warranties and the usual appliance warranties that come with new appliances.

3998 Ky 830, Gray
171 Higgins Rd, Gray
$40,000
26023688 MLS
Discover the opportunity to build your new home on this level, cleared, .88 acre lot located in Bentley Estates Subdivision, conveniently situated just off 25E between Corbin and Barbourville. A culvert is already in place, and utilities are available at the road. According to the sellers, a previous percolation (perk) test has been completed as well as a survey. Restrictions apply. Buyer to verify all information, including utilities, building requirements, restrictions, availability of a septic system, and suitability for the buyer's intended use.

171 Higgins Rd, Gray
332 Autumn Woods Loop, Gray
$375,000
4 Beds ⋅ 3 Baths ⋅ 26022936 MLS
This beautiful brick home offers approximately 2,800 sq. ft. of total living space, with 4 bedrooms and 3 full baths. Features include hardwood floors, quartz countertops, walk-in closets, a versatile bonus room, attached garage, and a new shingle roof installed May 2026. Situated on approximately 0.62 acres with a wooded backdrop, enjoy a covered front porch, private back patio, and occasional visits from local wildlife, including deer. Conveniently located along the US-25E corridor between Corbin and Barbourville with access to shopping, dining, and southeastern Kentucky attractions. A beautiful combination of space, comfort, and Kentucky scenery! Seller offering buy down incentives and buyer agent fees.

332 Autumn Woods Loop, Gray
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