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I just heard that the bank auction for Cedar Hill Resort (at lower end of Dale Hollow) was cancelled. It was scheduled for a few days after Christmas. Just wanting to know if anyone on the KY discussion board has info about this?
Was it purchased from the bank before the auction?
I wonder what the cost of that land is?
That would be interesting to know!
I believe the bank would take 40 cents on the dollar of the appraisal, but that's a guess based on my neck of the woods.
The big question: Was the auction cancelled for lack of interest, or did the bank make a deal before the auction ?
[QUOTE=DHart;572399]That would be interesting to know!
I believe the bank would take 40 cents on the dollar of the appraisal, but that's a guess based on my neck of the woods.
The big question: Was the auction cancelled for lack of interest, or did the bank make a deal before the auction ?[/QUOTE]
That is PRIME LAND........It would not surprise me if it gets purchased for pennies on the dollar, and then carved up and sold for private home lots......There is NOT much around that would have that view, and area.
Interesting.
Agreed, Geo.
In fact, a relative of mine was interested in this property a few years ago. She develops assisted living environments, and she thought this would be a very attractive location. She was also interested in the private lot aspect in conjunction.
She owns a cabin around Wolfe Creek, but I don't know if she was dialed into this recent activity.
Wow, I've been visiting DH a couple times/yr and always have stayed at Cedar Hill in one of the cabins. This is the first I've seen heard that it is or was being auctioned. Are there any details, or any links to information that anyone knows that might shed some more light?
What is status of the business now? Is it operating? I phoned and got an answering machine....
Thanks friends.
Slimy
The only thing I know is that it is "somewhat" open... if you leave a number, you will get a call back...but no cabin rentals 'till Spring. It is bank-owned, and being managed by 2 care-takers right now. I do not know who they are, other than a first name.
I was not aware of a scheduled auction (and its cancellation) until a few days ago...got the info from the Dale Hollow Marina Assoc. Facebook page.
I’d like some more info on this as well. Very interesting indeed.
Just wanted to give this a bump. Has anyone heard anything about the current ownership of Cedar Hill Resort/Marina?
Everything stayed in tack. HB’s cabins matina
There were several bidders, but the bank that held the note
bought it
This was done a couple weeks ago.
Supposedly the marina will be brought back to
a working up graded condition.
To be put back on the market
Thank you, Rick.
I also just heard that a company from Florida is managing it...I find that interesting.
[QUOTE=DHart;572762]Thank you, Rick.
I also just heard that a company from Florida is managing it...I find that interesting.[/QUOTE]
That’s typical when banks/investment companys are owners.
At the state dock we are owned by an by an investment company.