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    460 Skaggs Rd Morehead, KY 40351

    For Sale
    $849,900

    LAND - Morehead, KY

    Lot size:
    50.00 Acres
    Days on Market:
    87
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 460 Skaggs Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    045-00 00 087.02
    Lot size
    50.00 Acres

    C. Roger Lewis Agency 7844168

    Listing agent Damon M Ballinger (606) 784-4168

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rare Acreage in Morehead, KY

    This is a rare opportunity to acquire approximately 50 acres in Morehead, Kentucky. A majority of the acreage is located within the city limits. The land features a rolling and level topography, presenting potential for large home tracts or subdivision development to address the housing shortage in Morehead and Rowan County, Kentucky. This acreage, known as Cottonwood Development, offers a once-in-a-lifetime opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Spa & Massage Dental Office Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.490415
    Latitude
    38.176831

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    FAQs

    What type of property is this?
    Land - 50+/- acres in Morehead, KY, suitable for residential development.
    Where is this land located?
    The property is located at 460 Skaggs Rd Morehead, KY.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Rare 50-acre acreage within Morehead, KY city limits.; - Potential for large home tracts or subdivision development.; - Addresses the housing shortage in Morehead and Rowan County, KY.
    (606) 784-4168
    Request Owner's contact information
    460 Skaggs Rd Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    460 Skaggs Rd Morehead, KY 40351
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