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Land with Home for Sale in Morehead, Kentucky

35 Stonecrest St, Morehead, KY 40351

$1,100,000
14.9 acres
Active sale
$200k drop
Est $6,283/mo

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.

Sq feet
3
Beds
2
Full baths
1
1/2 bath
2022
Built

Location

Street address
35 Stonecrest St
Zip code
40351
School district
Rowan County - 61
Elevation
977 feet
Coordinates
38.2063, -83.5644

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.

Property details

Acreage
14.9 acres
MLS #
LBAR 26008027
Posted

Parcels

  • 011-00 00 013.03

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Carport, Driveway, Garage

Structure

Stories
1
Water
Public
Sewer
Public Sewer
Materials
Vinyl Siding
Roof
Shingle

Interior

Room Count
9
Rooms
Bathroom x 3, Bedroom x 3, Laundry Room, Utility Room
Flooring
Tile-Ceramic, Wood
Fireplaces
Yes
Features
Ceiling Fan(s), Eat-In Kitchen, Primary First Floor, Walk-In Closet(s)

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Nearby schools

NameTypeDistrict
McBrayerElementaryRowan County - 61
Rowan CoMiddleRowan County - 61
Rowan CoHighRowan County - 61

Listing history

DateEventPriceChangeSource
May 15, 2026Price drop$1,100,000$200,000 -15.4%LBAR
Apr 16, 2026New listing$1,300,000LBAR
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This 14.9-acre property is located at 35 Stonecrest St in Morehead, KY 40351. The property is available for sale, priced at $1,100,000. It has a 3-bedroom, 2.5-bath house built in 2022.

Listed by Paragon Realty Partners, (513) 515-2116

Checked 1 hour agoUpdated Source

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