505 W Main Street 501, Lexington, KY 40507 (MLS# 1826299)

505 W Main Street 501, Lexington, KY 40507

$1,150,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,876 Status: Closed

Current Price: $1,150,000 List Date: 11/28/2018 Last Modified: 8/28/2025

Overview

Description

Elegant, top floor 2 story penthouse with a one-of-a-kind, signature view of Triangle Park! Easy access to Rupp Arena, The Square shops, The Lexington Opera House, & a variety of downtown restaurants. 3 bedroom, 3 bath condo loaded with upscale finishing features; French oak hardwood floors, custom kitchen with copper sink, slate counter tops & custom designed wood counter top/bar, useful pantry, high-end appliances, decorative bathrooms with heated slate & travertine floors and towel racks, built-in bookshelves and desk top with TV & wine coolers, custom window treatments including automated blinds on upper windows. Spacious modular rooftop deck has pergola with adjustable louvers & ceiling fan, storage cupboard, table & chairs, & planters with irrigation. Note: large china cabinet in foyer/dining area conveys; two chandeliers above dining area and stairway do not convey, but are negotiable.

Listing Details MLS# 1826299

Listing Information

Property Sub Type: Condominium

Status Change Information

Price Change Timestamp: 2019-05-10T18:21:30Z
Status Change Timestamp: 2019-05-10
Purchase Contract Date: 2019-03-20
Close Date: 2019-05-09
Close Price: 1150000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: na

Address

County: Fayette
Street Number: 505
Street Direction Prefix: W
Street Name: Main
Street Suffix: Street
Unit Number: 501
State: KY
Zip Code: 40507
Directions: W Main Street, just past The Square and Triangle Park. Property is on the right hand corner of Main & Algonquin St.
Parcel Number: 38238150

Contract

Original List Price: 1200000
Start Showing Date: 2018-11-28
Listing Contract Date: 2018-11-28
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 417.25
Sold Price/SqFt: 399.86
SP/LP: 0.96

Tax Legal

MLS Area Major: 002 - Fayette County NE
Subdivision Name: Downtown
High School District: Fayette County - 1

Interior

Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Above Grade Finished Area: 2876
Living Area: 2876
Basement YN: No
Fireplace YN: No
Bathrooms Half: 0
Above Grade Unfinished Area: 0

More Information

Parking Information

Garage YN: Yes

Building

Year Built: 2014
Floor Number: 5

Lot

Waterfront YN: No
Lot Size Acres: 0
Lot Size Square Feet: 0

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes

Remarks

Public Remarks: Elegant, top floor 2 story penthouse with a one-of-a-kind, signature view of Triangle Park! Easy access to Rupp Arena, The Square shops, The Lexington Opera House, & a variety of downtown restaurants. 3 bedroom, 3 bath condo loaded with upscale finishing features; French oak hardwood floors, custom kitchen with copper sink, slate counter tops & custom designed wood counter top/bar, useful pantry, high-end appliances, decorative bathrooms with heated slate & travertine floors and towel racks, built-in bookshelves and desk top with TV & wine coolers, custom window treatments including automated blinds on upper windows. Spacious modular rooftop deck has pergola with adjustable louvers & ceiling fan, storage cupboard, table & chairs, & planters with irrigation. Note: large china cabinet in foyer/dining area conveys; two chandeliers above dining area and stairway do not convey, but are negotiable.

Room Types

Bathroom 1 Level: First
Bedroom 1 Level: First
Bonus Room Level: Second
Den Level: Second
Dining Room Level: First
Foyer Level: First
Kitchen Level: First
Living Room Level: First
Primary Bedroom Level: First
Utility Room Level: First
Bathroom 1: Yes
Bedroom 1: Yes
Bonus Room: Yes
Den: Yes
Dining Room: Yes
Foyer: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes
Utility Room: Yes

Tax & Legal

Elementary School: Harrison
Middle Or Junior School: Lexington Trad
High School: Lafayette
Tax Rate: 1.2774
Inside New Circle Road YN: Yes

Association/Community

Association Mandatory YN: Yes
Association Fee: 699
Association Fee Frequency: Monthly

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Association Fee Includes

Insurance: Yes
Maintenance Grounds: Yes
Trash: Yes

Basement

Concrete: Yes

Community Features

Park: Yes

Construction Materials

Brick Veneer: Yes
Other: Yes

Cooling

Electric: Yes

Flooring

Hardwood: Yes
Slate: Yes
Tile: Yes

Foundation Details

Block: Yes

Heating

Electric: Yes
Forced Air: Yes

Interior Features

Breakfast Bar: Yes
Ceiling Fan(s): Yes
Elevator: Yes
Entrance Foyer: Yes
Primary First Floor: Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
Main Level: Yes
Washer Hookup: Yes

Other Equipment

Intercom: Yes
Irrigation Equipment: Yes

Owner Pays

Management: Yes

Parking Features

Detached Garage: Yes
Garage Door Opener: Yes
Garage Faces Rear: Yes
Garage Faces Side: Yes

Patio And Porch Features

Deck: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Roof

Flat: Yes
Rubber: Yes

Security Features

Security System Owned: Yes

Sewer

Public Sewer: Yes

Water Heater

Electric: Yes

Water Source

Public: Yes

Window Features

Blinds: Yes
Insulated Windows: Yes
Window Treatments: Yes

Showing Requirements

Call Listing Office: Yes
CBS Code: Yes
Listing Agent Must Accompany: Yes
Showing Service: Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Association Fee Includes: Insurance; Maintenance Grounds; Trash Basement: Concrete Community Features: Park Construction Materials: Brick Veneer; Other Cooling: Electric Flooring: Hardwood; Slate; Tile Foundation Details: Block Heating: Electric; Forced Air Interior Features: Breakfast Bar; Ceiling Fan(s); Elevator; Entrance Foyer; Primary First Floor; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Main Level; Washer Hookup Other Equipment: Intercom; Irrigation Equipment Owner Pays: Management Parking Features: Detached Garage; Garage Door Opener; Garage Faces Rear; Garage Faces Side Patio And Porch Features: Deck Possession: Close Of Escrow; Negotiable Roof: Flat; Rubber Security Features: Security System Owned Sewer: Public Sewer Water Heater: Electric Water Source: Public Window Features: Blinds; Insulated Windows; Window Treatments Showing Requirements: Call Listing Office; CBS Code; Listing Agent Must Accompany; Showing Service Room Types: Bathroom 1; Bedroom 1; Bonus Room; Den; Dining Room; Foyer; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name
Bathroom 1
Bonus Room
Bedroom 1
Den
Dining Room
Foyer
Kitchen
Living Room
Primary Bedroom
Utility Room

Listing Office: Rector Hayden Realtors

Last Updated: August - 28 - 2025

Information deemed reliable but not guaranteed.