517 W Main Street, Lexington, KY 40507

$962,500
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,185 Lot Size (sq. ft.): 1 Status: Closed
Current Price: $962,500 List Date: 5/30/2025 Last Modified: 8/29/2025

Overview

Description

Located in the heart of downtown Lexington, this one-of-a-kind ground-level condo places you just steps from Rupp Arena and the exciting new Gatton Park on the Town Branch. Perfect for the devoted UK basketball fan or anyone craving walkable city living, this 3-bedroom, 2.5-bath home blends urban convenience with Kentucky charm. Rustic barnwood siding details create a cozy retreat-like feel, while a striking two-story great room with LED lighting adds a modern edge. Upstairs, enjoy a private deck featuring historic bricks salvaged from Keeneland Race Track—a true nod to Bluegrass heritage. The gated entrance offers added security, and covered parking is included. Whether you're entertaining guests or enjoying a quiet night in, this downtown gem is full of character, comfort, and unbeatable access to all Lexington has to offer.

Listing Details MLS# 25011318

Listing Information

Comp Sale YN
No
Property Sub Type
Condominium

Status Change Information

Status Change Timestamp
2025-07-07
Purchase Contract Date
2025-06-07
Close Date
2025-07-07
Close Price
962500
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
517
Street Direction Prefix
W
Street Name
Main
Street Suffix
Street
State
KY
Zip Code
40507
Directions
On West Main Street, across from Rupp Arena and Convention Center.
Parcel Number
38205170
Tax District
Yes

Contract

Original List Price
975000
Start Showing Date
2025-05-30
Listing Contract Date
2025-05-30
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/SqFt
446.22
Sold Price/SqFt
440.5
SP/LP
0.99

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Downtown
High School District
Fayette County - 1

Interior

Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Above Grade Finished Area
2185
Living Area
2185
Living Area Source
Public Records
Basement YN
No
Fireplace YN
No
Below Grade Finished Area
0
Above Grade Unfinished Area
0
Below Grade Unfinished Area
0

More Information

Parking Information

Garage YN
Yes
Garage Spaces
Yes
Carport YN
No

Building

Year Built
2006

Lot

Lot Size Source
Public Records
Lot Size Square Feet
Yes
View YN
Yes
Waterfront YN
No
Lot Size Acres
0

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Located in the heart of downtown Lexington, this one-of-a-kind ground-level condo places you just steps from Rupp Arena and the exciting new Gatton Park on the Town Branch. Perfect for the devoted UK basketball fan or anyone craving walkable city living, this 3-bedroom, 2.5-bath home blends urban convenience with Kentucky charm. Rustic barnwood siding details create a cozy retreat-like feel, while a striking two-story great room with LED lighting adds a modern edge. Upstairs, enjoy a private deck featuring historic bricks salvaged from Keeneland Race Track—a true nod to Bluegrass heritage. The gated entrance offers added security, and covered parking is included. Whether you're entertaining guests or enjoying a quiet night in, this downtown gem is full of character, comfort, and unbeatable access to all Lexington has to offer.

Showing Information

Showing Instructions
ML-VACANT

Tax & Legal

Elementary School
Harrison
Middle Or Junior School
Lexington Trad
High School
Lafayette
Tax Rate
1.2583
Inside New Circle Road YN
Yes

Association/Community

Association Mandatory YN
Yes
Association Fee
415
Association Fee Frequency
Monthly

Appliances

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

Association Fee Includes

Insurance
Yes
Maintenance Grounds
Yes
Sewer
Yes
Trash
Yes

Construction Materials

Brick Veneer
Yes

Cooling

Electric
Yes

Flooring

Tile
Yes
Wood
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Heat Pump
Yes

Interior Features

Entrance Foyer
Yes
Wet Bar
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Owner Pays

Management
Yes

Parking Features

Attached Garage
Yes
Off Street
Yes

Possession

Close Of Escrow
Yes

Roof

Flat
Yes

Sewer

Public Sewer
Yes

View

Neighborhood
Yes

Water Source

Public
Yes

Window Features

Window Treatments
Yes

Showing Requirements

Showing Service
Yes

Property Features

Appliances: Cooktop; Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer Association Fee Includes: Insurance; Maintenance Grounds; Trash Construction Materials: Brick Veneer Cooling: Electric Flooring: Tile; Wood Foundation Details: Concrete Perimeter Heating: Heat Pump Interior Features: Entrance Foyer; Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Owner Pays: Management Parking Features: Attached Garage; Off Street Possession: Close Of Escrow Roof: Flat Sewer: Public Sewer View: Neighborhood Water Source: Public Window Features: Window Treatments Showing Requirements: Showing Service
Listing Office: Team Pannell Real Estate
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.