35 Stonecrest Street, Morehead, KY 40351

$1,100,000
Property Type: Residential Bedrooms: 3 Baths: 3 Lot Size (sq. ft.): 649,044 Status: Active
Current Price: $1,100,000 List Date: 4/16/2026 Last Modified: 6/07/2026

Description

This exceptional property presents a ready-to-advance residential development spanning 14.9 acres, with significant groundwork already completed. The project was originally planned for 37 residential lots, with one home already built and sold, demonstrating proven market demand. A second, beautifully designed spec home is nearly complete and currently included, and the footer is completed for a third home, adding immediate value and momentum for the next owner or developer. The seller indicates that utility infrastructure is complete for 22 of the 37 lots, including sewer, water, electric, data, and cable. The development is ready for base blacktop, with manhole covers already purchased and some gravel in place, substantially reducing upfront costs and accelerating development timelines. This property is also available for purchase without the spec home included (see MLS #26013104), offering added flexibility for builders or developers seeking to customize construction plans or adjust capital allocation. Ideally located just 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake, this development offers strong appeal to future homeowners seeking convenience, recreation, and quality surroundings. A rare opportunity to step into a partially completed, well-located residential development with infrastructure, flexibility, and momentum already in place - ideal for builders, developers, or investors.

Supplements: ********

More Information MLS# 26008027

Listing Information

Comp Sale YN: No Property Sub Type: Single Family Residence

Address

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. Parcel Number: 011-00 00 013.03 County: Rowan Street Number: 35 Street Name: Stonecrest Street Suffix: Street State: KY Zip Code: 40351

Contract

Start Showing Date: 2026-04-15 Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant Office Exclusive YN: No Current Price: $1,100,000 Original List Price: 1300000 Status: Active Listing Contract Date: 2026-04-15 List Price: $1,100,000

Currently Not Used

List Price/Acre: 73825.5

Tax & Legal

Elementary School: McBrayer Middle Or Junior School: Rowan Co High School: Rowan Co Tax Rate: 0.837

Association/Community

Association YN: No

Interior

Living Area: 0 Living Area Source: Public Records Bathrooms Half: 1 Above Grade Finished Area: 0 Below Grade Finished Area: 0 Above Grade Unfinished Area: 1900 Below Grade Unfinished Area: 0 Basement YN: No Fireplace YN: Yes Fireplaces Total: 1 Bedrooms Total: 3 Bathrooms Total: 3 Bathrooms Full: 2

Parking Information

Garage YN: Yes Garage Spaces: 2 Carport YN: No

Building

Accessibility Features YN: No Year Built: 2022

Lot

Lot Size Source: Public Records Lot Size Acres: 14.9 Lot Size Square Feet: 649044 Pool Private YN: No Waterfront YN: No Water Body Access YN: No Horse YN: No

Utilities

Cooling YN: No Heating YN: No Electricity Available: 1 Sewer Available: 1 Water Available: 1

Remarks

Public Remarks: This exceptional property presents a ready-to-advance residential development spanning 14.9 acres, with significant groundwork already completed. The project was originally planned for 37 residential lots, with one home already built and sold, demonstrating proven market demand. A second, beautifully designed spec home is nearly complete and currently included, and the footer is completed for a third home, adding immediate value and momentum for the next owner or developer. The seller indicates that utility infrastructure is complete for 22 of the 37 lots, including sewer, water, electric, data, and cable. The development is ready for base blacktop, with manhole covers already purchased and some gravel in place, substantially reducing upfront costs and accelerating development timelines. This property is also available for purchase without the spec home included (see MLS #26013104), offering added flexibility for builders or developers seeking to customize construction plans or adjust capital allocation. Ideally located just 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake, this development offers strong appeal to future homeowners seeking convenience, recreation, and quality surroundings. A rare opportunity to step into a partially completed, well-located residential development with infrastructure, flexibility, and momentum already in place - ideal for builders, developers, or investors.

Amenity Fee Details

Amenity Fee YN: No

Attic Features

Pull-Down Stairs: 1

Construction Materials

Vinyl Siding: 1

Fireplace Features

Gas Log: 1 Living Room: 1

Flooring

Ceramic Tile: 1 Wood: 1

Foundation Details

Block: 1

Interior Features

Ceiling Fan(s): 1 Eat-in Kitchen: 1 Primary First Floor: 1 Walk-In Closet(s): 1

Laundry Features

Main Level: 1

Levels

One: 1

Parking Features

Attached Carport: 1 Driveway: 1 Garage Faces Side: 1

Patio And Porch Details

Front Porch: 1 Rear Porch: 1

Patio And Porch Features

Porch: 1

Possession

Negotiable: 1

Property Condition

New Construction: 1

Roof

Shingle: 1

Sewer

Public Sewer: 1

Showing Considerations

Electricity Not On: 1 No Exterior Lighting: 1

Structure Type

House: 1

Water Source

Public: 1

Showing Requirements

Call Listing Agent: 1 Showing Service: 1

Showing Information

Showing Instructions: ShowingTime Call Agent

Room Types

Bathroom 1: 1 Bathroom 1 Level: First Bathroom 2: 1 Bathroom 2 Level: First Bathroom 3: 1 Bathroom 3 Level: First Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: First Kitchen: 1 Kitchen Level: First Living Room: 1 Living Room Level: First Primary Bedroom: 1 Primary Bedroom Level: First Utility Room: 1 Utility Room Level: First

Status Change Information

Price Change Timestamp: 2026-05-15T00:11:28Z Status Change Timestamp: 2026-04-15

Tax Legal

MLS Area Major: 061 - Rowan County Subdivision Name: Rural High School District: Rowan County - 61

Property Features

Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available Attic Features: Pull-Down Stairs Construction Materials: Vinyl Siding Fireplace Features: Gas Log; Living Room Flooring: Ceramic Tile; Wood Foundation Details: Block Interior Features: Ceiling Fan(s); Eat-in Kitchen; Primary First Floor; Walk-In Closet(s) Laundry Features: Main Level Levels: One Parking Features: Attached Carport; Driveway; Garage Faces Side Patio And Porch Details: Front Porch; Rear Porch Patio And Porch Features: Porch Possession: Negotiable Property Condition: New Construction Roof: Shingle Sewer: Public Sewer Showing Considerations: Electricity Not On; No Exterior Lighting Structure Type: House Water Source: Public Showing Requirements: Call Listing Agent; Showing Service Room Types: Bathroom 1; Bathroom 2; Bathroom 3; Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Primary Bedroom Level: First Kitchen Level: First Bathroom 1 Level: First Bathroom 2 Level: First Bathroom 3 Level: First Bedroom 2 Level: First Bedroom 3 Level: First Living Room Level: First Utility Room Level: First
Listing Office: Paragon Realty Partners
Last Updated: June - 07 - 2026
Information deemed reliable but not guaranteed.