35 Stonecrest Street, Morehead, KY 40351

$1,100,000
Property Type: Residential Bedrooms: 3 Baths: 3 Lot Size (sq. ft.): 649,044 Status: Active
Current Price: $1,100,000 List Date: 8/14/2026 Last Modified: 8/14/2026

Overview

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 adjus ...

Listing Details MLS# 26008027

Listing Information

Comp Sale YN
No
Property Sub Type
Single Family Residence

Status Change Information

Price Change Timestamp
2026-05-15T00:11:28Z
Status Change Timestamp
2026-08-14
Back on Market Date
2026-08-14

Address

County
Rowan
Street Number
35
Street Name
Stonecrest
Street Suffix
Street
State
KY
Zip Code
40351
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.
Parcel Number
011-00 00 013.03

Contract

Original List Price
1300000
Start Showing Date
2026-04-15
Listing Contract Date
2026-04-15
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No

Tax Legal

MLS Area Major
061 - Rowan County
Subdivision Name
Rural
High School District
Rowan County - 61

Interior

Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Above Grade Unfinished Area
1900
Living Area Source
Public Records
Basement YN
No
Fireplace YN
Yes
Fireplaces Total
Yes

More Information

Parking Information

Garage YN
Yes
Garage Spaces
2
Carport YN
No

Building

Year Built
2022
Accessibility Features YN
No

Lot

Lot Size Source
Public Records
Lot Size Acres
14.9
Lot Size Square Feet
649044
Pool Private YN
No
Waterfront YN
No
Water Body Access YN
No
Horse YN
No

Utilities

Cooling YN
No
Heating YN
No

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.

Amenity Fee Details

Amenity Fee YN
No

Showing Information

Showing Instructions
ShowingTime Call Agent

Room Types

Bathroom 1 Level
First
Bathroom 2 Level
First
Bathroom 3 Level
First
Bedroom 2 Level
First
Bedroom 3 Level
First
Kitchen Level
First
Living Room Level
First
Primary Bedroom Level
First
Utility Room Level
First

Property Features

Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available Attic Features: Pull-Down Stairs Construction Materials: Vinyl Siding Fireplace Features: Gas Log; Living Room Flooring: Ceramic Tile; Wood Foundation Details: Block Interior Features: Ceiling Fan(s); Eat-in Kitchen; Primary First Floor; Walk-In Closet(s) Laundry Features: Main Level Levels: One Parking Features: Attached Carport; Driveway; Garage Faces Side Patio And Porch Details: Front Porch; Rear Porch Patio And Porch Features: Porch Possession: Negotiable Property Condition: New Construction Roof: Shingle Sewer: Public Sewer Showing Considerations: Electricity Not On; No Exterior Lighting Structure Type: House Water Source: Public Showing Requirements: Call Listing Agent; Showing Service Room Types: Bathroom 1; Bathroom 2; Bathroom 3; Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name Level
Primary Bedroom First
Kitchen First
Bathroom 1 First
Bathroom 2 First
Bathroom 3 First
Bedroom 2 First
Bedroom 3 First
Living Room First
Utility Room First

Documents

Listing Office: Paragon Realty Partners
Last Updated: August - 14 - 2026
Information deemed reliable but not guaranteed.
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