1501 Lakewood Drive, Lexington, KY 40502

$2,400,000
Property Type: Residential Bedrooms: 4 Baths: 6 Square Footage: 7,320 Lot Size (sq. ft.): 49,658 Status: Closed
Current Price: $2,400,000 List Date: 3/08/2017 Last Modified: 8/28/2025

Overview

Description

One of a kind custom home built by Tom Padgett on a double lot with exceptional attention to detail. Soaring ceilings, cove lighting, grand fixtures, massive moldings and private landscaped yard enhance appeal.

Listing Details MLS# 1704854

Listing Information

Property Sub Type
Single Family Residence

Status Change Information

Price Change Timestamp
2017-08-10T16:20:51Z
Status Change Timestamp
2017-08-10
Purchase Contract Date
2017-02-28
Close Date
2017-08-09
Close Price
2400000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
$10,000 towards repairs

Address

County
Fayette
Street Number
1501
Street Name
Lakewood
Street Suffix
Drive
State
KY
Zip Code
40502
Directions
Out Chinoe, left on Lakewood Drive to house in curve of road.
Parcel Number
24550200
Tax District
01

Contract

Original List Price
2999999
Start Showing Date
2017-02-27
Listing Contract Date
2017-02-27
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/SqFt
409.84
Sold Price/SqFt
327.87
SP/LP
0.8

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Lakewood
High School District
Fayette County - 1

Interior

Bedrooms Total
4
Bathrooms Total
6
Bathrooms Full
4
Bathrooms Half
2
Above Grade Finished Area
7320
Below Grade Unfinished Area
1420
Living Area
7320
Basement YN
Yes
Fireplace YN
Yes
Above Grade Unfinished Area
0

More Information

Parking Information

Garage YN
Yes
Garage Spaces
3

Building

Year Built
1999

Lot

Lot Size Acres
1.14
Lot Size Square Feet
49658.45
Waterfront YN
No

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes

Remarks

Public Remarks
One of a kind custom home built by Tom Padgett on a double lot with exceptional attention to detail. Soaring ceilings, cove lighting, grand fixtures, massive moldings and private landscaped yard enhance appeal.

Currently Not Used

List Price/Acre
2631578.07

Tax & Legal

Elementary School
Cassidy
Middle Or Junior School
Morton
High School
Henry Clay
Tax Rate
1.2179
Inside New Circle Road YN
Yes

Appliances

Cooktop
Yes
Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Attic Features

Floored
Yes
Pull-Down Stairs
Yes

Basement

Concrete
Yes
Partial
Yes
Unfinished
Yes

Construction Materials

Stone
Yes

Cooling

Zoned
Yes

Fencing

Privacy
Yes

Fireplace Features

Family Room
Yes
Gas Log
Yes
Living Room
Yes
Masonry
Yes
Primary Bedroom
Yes

Flooring

Carpet
Yes
Slate
Yes
Tile
Yes

Heating

Forced Air
Yes
Natural Gas
Yes
Zoned
Yes

Interior Features

Breakfast Bar
Yes
Ceiling Fan(s)
Yes
Central Vacuum
Yes
Entrance Foyer
Yes
Primary First Floor
Yes
Soaking Tub
Yes
Walk-In Closet(s)
Yes
Wet Bar
Yes

Laundry Features

Electric Dryer Hookup
Yes
Gas Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Lot Features

Many Trees
Yes
Secluded
Yes

Parking Features

Attached Garage
Yes
Garage Door Opener
Yes
Garage Faces Rear
Yes
Garage Faces Side
Yes
Off Street
Yes

Patio And Porch Features

Patio
Yes

Possession

Close Of Escrow
Yes

Roof

Dimensional Style
Yes
Shingle
Yes

Security Features

Security System Owned
Yes

Sewer

Public Sewer
Yes

Water Heater

Gas
Yes

Water Source

Public
Yes

Window Features

Insulated Windows
Yes
Skylight(s)
Yes
Window Treatments
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
No Sign
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Appliances: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Microwave; Refrigerator; Washer Attic Features: Floored; Pull-Down Stairs Basement: Concrete; Partial; Unfinished Construction Materials: Stone Cooling: Zoned Fencing: Privacy Fireplace Features: Family Room; Gas Log; Living Room; Masonry; Primary Bedroom Flooring: Carpet; Slate; Tile Heating: Forced Air; Natural Gas; Zoned Interior Features: Breakfast Bar; Ceiling Fan(s); Central Vacuum; Entrance Foyer; Primary First Floor; Soaking Tub; Walk-In Closet(s); Wet Bar Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Levels: Two Lot Features: Many Trees; Secluded Parking Features: Attached Garage; Garage Door Opener; Garage Faces Rear; Garage Faces Side; Off Street Patio And Porch Features: Patio Possession: Close Of Escrow Roof: Dimensional Style; Shingle Security Features: Security System Owned Sewer: Public Sewer Water Heater: Gas Water Source: Public Window Features: Insulated Windows; Skylight(s); Window Treatments Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; No Sign

Room Information

Room Name Level Remarks
Bedroom 1 Second
Bonus Room First
Dining Room First
Foyer First
Bathroom 1 First Full Bath
Bathroom 2 Second Full Bath
Great Room First
Bathroom 3 First Half Bath
Office First
Kitchen First
Primary Bedroom First
Utility Room First
Bathroom 4 First Half Bath
Bathroom 5 Second Full Bath
Bedroom 2 Second
Bedroom 3 Second
Bedroom 4 Second
Dining Room First
Foyer First
Great Room First
Living Room First
Listing Office: Turf Town Properties
Last Updated: August - 28 - 2025
Information deemed reliable but not guaranteed.