1035 Peggy Flats Road, Berea, KY 40403

$699,900
Property Type: Land Lot Size (sq. ft.): 1,132,560 Status: Active
Current Price: $699,900 List Date: 7/15/2026 Last Modified: 7/15/2026

Overview

Description

Drone photography will be added Tuesday (weather permitting) Exceptional Residential Development Opportunity - Fincastle Subdivision Phase II | Berea, Kentucky Build the next chapter of one of Berea's established neighborhoods. This 26± acre development opportunity offers the rare chance to create Phase II of Fincastle Subdivision, expanding a well-established community while contributing to the continued growth and beauty of Berea, Kentucky. With the groundwork of an existing neighborhood already in place, this property provides the perfect blank canvas for a developer or builder with vision. Design a thoughtfully planned community that complements the surrounding homes while meeting the demand for quality housing in one of Central Kentucky's most desirable small cities. Not looking to develop? Keep it for yourself and family to have plenty of building site options. Located within the Berea city limits, the property offers the convenience of city sewer, water, and electric utili ...

Listing Details MLS# 26017898

Listing Information

Comp Sale YN
No
Property Sub Type
Unimproved Land

Status Change Information

Status Change Timestamp
2026-07-15

Address

County
Madison
Street Number
1035
Street Name
Peggy Flats
Street Suffix
Road
State
KY
Zip Code
40403
Directions
Exit 77 in Berea. Turn onto Peggy Flats Rd. Subdivision will be on the left.
Parcel Number
006000000033A

Contract

Original List Price
699900
Start Showing Date
2026-07-15
Listing Contract Date
2026-07-12
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
26919.23
List Price/SqFt
0.62

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Fincastle

Lot

Lot Size Acres
26
Lot Size Square Feet
1132560
Conservation Easement YN
No
View YN
No
Elevation
922.1
Elevation Units
Feet

More Information

Remarks

Public Remarks
Drone photography will be added Tuesday (weather permitting) Exceptional Residential Development Opportunity - Fincastle Subdivision Phase II | Berea, Kentucky Build the next chapter of one of Berea's established neighborhoods. This 26± acre development opportunity offers the rare chance to create Phase II of Fincastle Subdivision, expanding a well-established community while contributing to the continued growth and beauty of Berea, Kentucky. With the groundwork of an existing neighborhood already in place, this property provides the perfect blank canvas for a developer or builder with vision. Design a thoughtfully planned community that complements the surrounding homes while meeting the demand for quality housing in one of Central Kentucky's most desirable small cities. Not looking to develop? Keep it for yourself and family to have plenty of building site options. Located within the Berea city limits, the property offers the convenience of city sewer, water, and electric utilities, along with excellent accessibility, helping streamline the development process. Future homeowners will appreciate being just minutes from many of Berea's most loved destinations, including: Berea College Berea Community Schools The Berea College Forest and the renowned Pinnacles hiking trails Berea's scenic walking and biking trails Historic Artisan Village and College Square Kentucky Artisan Center Boone Tavern Hotel & Restaurant I-75 for convenient travel to Richmond, Lexington, and beyond Known as the Folk Arts & Crafts Capital of Kentucky, Berea offers a unique combination of small-town charm, outdoor recreation, a vibrant arts community, and an outstanding quality of life. Residents enjoy miles of hiking and biking opportunities, beautiful mountain views, local shops and restaurants, and year-round community events. Whether your vision includes a boutique neighborhood, custom homes, or a signature residential community, Fincastle Subdivision Phase II presents an exceptional opportunity to leave a lasting mark on one of Kentucky's fastest-growing and most desirable communities.

Property Details

Floodplain YN
No
Deed Restrictions YN
Yes
Improvements YN
No

Showing Information

Showing Instructions
Schedule via showing time

Tax & Legal

Additional Parcels YN
No
Zoning
B-1

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Lot Features

Cleared
Yes
Gentle Sloping
Yes
Level
Yes
Wooded
Yes

Current Use

Unimproved
Yes

Possible Use

Residential
Yes

Showing Requirements

Showing Service
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Current Use: Unimproved Lot Features: Cleared; Gentle Sloping; Level; Wooded Possible Use: Residential Showing Requirements: Showing Service
Listing Office: RE/MAX Elite Realty
Last Updated: July - 15 - 2026
Information deemed reliable but not guaranteed.