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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.


Sellers Disclosure Of Property Condition ›