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35 Stonecrest Street, Morehead, KY 40351
$1,100,000
Property Type:
Commercial Sale
Square Footage:
1,900
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# 26008030
Listing Information
Comp Sale YN: No
Property Sub Type: Business
Address
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
List Price/SqFt: 578.95
Current Price: $1,100,000
Original List Price: 1300000
Status: Active
Listing Contract Date: 2026-04-15
List Price: $1,100,000
Tax & Legal
Tax Rate: 0.837
Zoning: Other
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.
Association/Community
Number Of Buildings: 1
Interior
Living Area: 0
Living Area Units: Square Feet
Living Area Source: Public Records
Building Area Total: 1900
Building Area Source: Other
Building Area Units: Square Feet
Building
Basement YN: No
Stories Total: 1
Accessibility Features YN: No
Year Built: 2022
Lot
Lot Size Acres: 14.9
Lot Size Square Feet: 649044
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.
Construction Materials
Vinyl Siding: 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
Business Type
Other: 1
Sale Includes
Land: 1
Other: 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Showing Information
Showing Instructions: ShowingTime Call Agent
Status Change Information
Price Change Timestamp: 2026-05-15T00:10:42Z
Status Change Timestamp: 2026-04-15
Tax Legal
MLS Area Major: 061 - Rowan County
Subdivision Name: Rural
Property Features
Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available
Business Type: Other
Construction Materials: Vinyl Siding
Possession: Negotiable
Property Condition: New Construction
Roof: Shingle
Sale Includes: Land; Other
Sewer: Public Sewer
Showing Considerations: Electricity Not On; No Exterior Lighting
Showing Requirements: Call Listing Agent; Showing Service
Listing Office:
Paragon Realty Partners
Last Updated: June - 07 - 2026
Information deemed reliable but not guaranteed.

