Residential Development Land with
For Sale
$1,100,000
35 Stonecrest Street, Morehead, KY 40351
COMMERCIAL - Morehead, KY
Property Size1,900 SF
Lot Size14.90 Acres
Price / SF$578.95
Days on Market138
Property Features for 35 Stonecrest Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Rural
Directions
From Lexington- take I-64 east to Exit 133 and turn left onto Highway 801 north; drive 2 miles and turn left onto Bluebank Rd.;. drive .2 mile and turn right onto Stonecrest St.
Standard status
Active
APN
011-00 00 013.03
Size
1,900 SF
Lot size
14.90 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Building Details
Year built
2022
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Paragon Realty Partners
(513) 515-2116
Listed By:
Jill C Ratliff · License #278965
(606) 356-1393
Added: Apr 15
Changed: Aug 14
Last Checked: Aug 30 at 7:06AM
MLS# 26008030
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Investment Insights
Based on property information with market context.
This sale includes 14.9 acres of residential development land with substantial groundwork already completed. The original plan contemplates 37 residential lots, with one home already built and sold. A second spec home is nearly complete and is included with the property, and the footer has been completed for a third home. Utility infrastructure is reported to be complete for 22 of the 37 lots, including sewer, water, electric, data, and cable, and the site is described as ready for base blacktop. Manhole covers have been purchased and some gravel is in place to help reduce early build-out costs and keep momentum moving forward.
The property is located in Morehead, Kentucky at 35 Stonecrest Street. The seller notes the site is approximately 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake, providing convenience to nearby recreation and regional access.
For builders, developers, and investors, this configuration can support continued buildout of the remaining planned lots with utilities already advanced on a significant portion of the project. The listing also indicates the option to purchase the property without the included spec home (see MLS #26013104), which may appeal to buyers who want flexibility around construction scope and timing.
The property is located in Morehead, Kentucky at 35 Stonecrest Street. The seller notes the site is approximately 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake, providing convenience to nearby recreation and regional access.
For builders, developers, and investors, this configuration can support continued buildout of the remaining planned lots with utilities already advanced on a significant portion of the project. The listing also indicates the option to purchase the property without the included spec home (see MLS #26013104), which may appeal to buyers who want flexibility around construction scope and timing.
Key Highlights
- 14.9‑acre residential development with groundwork already completed
- Originally planned for 37 residential lots, with 1 home already built and sold
- Utility infrastructure complete for 22 of 37 lots, including sewer, water, electric, data, and cable
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 40351, KY
22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Partially improved residential development with groundwork, utilities for 22 lots, and purchased manhole covers for continued buildout.
Where is this residential land & home lot located?
The property is located at 35 Stonecrest Street Morehead, KY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 14.9‑acre residential development with groundwork already completed; Originally planned for 37 residential lots, with 1 home already built and sold; Utility infrastructure complete for 22 of 37 lots, including sewer, water, electric, data, and cable
