Land with Home for Sale in Lancaster, Kentucky

Welcome to a truly one-of-a-kind opportunity - an extraordinary 85.5+/- acre gated farm offering spacious and recently renovated living, working farmland, and future development potential, all just 30-40 minutes from 2 thriving college towns. A long, fence-lined private drive leads you to the beautifully renovated farmhouse, creating an immediate sense of peace and home. The main residence features 4 bedrooms and 3 full baths, 2 stone fireplaces, formal rooms as well as cozy nooks plus a basement with 580 sq. ft. A detached 2-car garage with additional storage plus a charming guest house/she-shed provide flexible space ideal for guests, home office, studio, or multigenerational living. Looking for a family compound? This is perfect. The property is fully fenced and most recently operated as a cattle farm, complete with two barns, two ponds, and open pasture ready for livestock, horses, or recreational use. From the back of the property, enjoy your own breathtaking waterfall views - creating a peaceful, resort-style backdrop rarely found in rural settings. Adding tremendous value, 22.5 acres of the property are already platted into 19 individual lots with a private road roughed in place, offering exceptional investment or development potential while maintaining privacy for the main homestead. This unique layout allows the buyer to enjoy the farm lifestyle today while holding or developing future assets. Whether you're seeking a luxury country retreat, working farm, family compound, or an income-producing investment opportunity, this property delivers unmatched versatility. Properties offering this combination of acreage, improvements, scenery, and location rarely come to market. Schedule your private showing today. Offered at $1,050,000.