Located on Rough River Lake in the highly desirable Indian Valley subdivision, this spacious home sits on an exceptional 1.09-acre waterfront lot offering approximately 240 feet of water frontage along Walters Creek. Positioned off the main channel in a no-ski area, the setting provides calm waters and easy access to your personal boat dock (dock transfers with COE approval) (Lake is currently at Winter Pool elevation). One of the many perks of Indian Valley is the neighborhood boat ramp and courtesy dock, making lake access quick and convenient. Indian Valley is a fun, family-friendly community known for its active social calendar, including weekend golf cart poker runs, Derby festivities, and a July 4th fireworks show. There is always something going on to enjoy the lake lifestyle. The property also features a detached 30' x 40' 4 car garage with two 16' x 13' doors, along with an additional carport ideal for boat or extra vehicle storage. Inside, this quality, custom built home offers a generous floor plan with 4 bedrooms and 3 full baths, highlighted by a two-story foyer and hardwood floors. The cozy living room includes a fireplace, creating a warm and inviting atmosphere. Two primary bedroom options are available, with one conveniently located on the main level. Outdoor living is enhanced by two expansive decks overlooking the water, with stairs leading down to the lower level to fully enjoy the serene waterfront setting. This property offers a rare combination of space, waterfront living, and desirable location. Conveniently located just minutes from Leitchfield for shopping, dining, and healthcare, with easy access to the Western Kentucky Parkway.
For sale
$495,000
601 Indian Ridge Rd, Falls Of Rough, KY 40119
4beds
2,784sqft
Est.:
Single Family Residence, Residential
Built in 2001
-- sqft lot
$477,200 Zestimate®
$178/sqft
$3/mo HOA
What's special
Calm watersQuality custom built homeTwo-story foyerSpacious homeHardwood floors
- 21 days |
- 373 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: January 18, 2026 at 09:59am
Listed by:
Randy S Hayden 270-316-8831,
CHANGE OF PLACE REAL ESTATE, LLC
Source: Greater Owensboro Realtor Association,MLS#: 93965
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
Dining room
- Features: Dining Area
Heating
- Forced Air, Heat Pump, Electric, Propane
Cooling
- Electric, Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator, Electric Water Heater
- Laundry: W/D Hookup
Features
- Ceiling Fan(s), Granite, Master Downstairs, Vaulted Ceiling(s), Walk-In Closet(s), Walk-in Shower
- Flooring: Hardwood, Tile
- Windows: Window Treatments
- Basement: Block,Unfinished,Utility
- Attic: Access Only
- Has fireplace: Yes
- Fireplace features: Gas Log, Family Room
Interior area
- Total structure area: 3,104
- Total interior livable area: 2,784 sqft
- Finished area above ground: 2,784
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Carport, Detached, Parking Pad, Gravel
- Garage spaces: 3
- Carport spaces: 1
- Covered spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch
- Exterior features: Scenic
- Has spa: Yes
- Spa features: Bath
Lot
- Dimensions: 1.09 per PVA
- Features: 150+ Front, Landscaped, Wooded
- Residential vegetation: Partially Wooded
Details
- Parcel number: INDIANV231
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Vinyl Siding
- Foundation: Basement, Block, Crawl Space
- Roof: Dimensional
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Security: Security System
- Subdivision: Rough River
HOA
- Has HOA: Yes
- HOA fee: $40 annually
Location
- Region: Falls Of Rough
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $230,000
- Date on market: 1/17/2026
Estimated market value
$477,200
$453,000 - $501,000
$2,175/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2026 | Listed for sale | $495,000-11.4%$178/sqft |
Source: | ||
| 10/2/2025 | Listing removed | $559,000$201/sqft |
Source: | ||
| 7/31/2025 | Price change | $559,000-1.8%$201/sqft |
Source: | ||
| 6/6/2025 | Price change | $569,000-1.7%$204/sqft |
Source: | ||
| 5/7/2025 | Price change | $579,000-1.7%$208/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | -- | $230,000 |
| 2022 | -- | $230,000 |
| 2021 | -- | $230,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,781/mo
Principal & interest
$2374
Property taxes
$231
Other costs
$176
Climate risks
Neighborhood: 40119
Nearby schools
GreatSchools rating
- 5/10Caneyville Elementary SchoolGrades: PK-5Distance: 10.8 mi
- 8/10Grayson County Middle SchoolGrades: 6-8Distance: 10.2 mi
- 5/10Grayson County High SchoolGrades: 9-12Distance: 9.2 mi
Schools provided by the listing agent
- Elementary: Caneyville Elementary School
- Middle: Grayson County Middle School
- High: GRAYSON COUNTY HIGH SCHOOL
Source: Greater Owensboro Realtor Association. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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