7541 Georgetown Road, Georgetown, KY 40324 (MLS# 22004730)

7541 Georgetown Road, Georgetown, KY 40324

$10,000,000

Property Type: Farm Lot Size (sq. ft.): 22,891,651 Status: Closed

Current Price: $10,000,000 List Date: 3/16/2022 Last Modified: 9/03/2025

Overview

Description

Erhaab Stud, formerly known as Elko Bell Farm, is historically known as the most fertile & productive land in Scott/Franklin Counties. Shadwell Farm purchased this farm in 1999 because the land is of the highest quality and developed it into one of the most coveted Thoroughbred nurseries in Central KY. You enter this magnificent farm via an impressive gated stone entrance and travel over 4 miles of paved roads along its tree-lined driveways to its vast and quality improvements. Horse improvements include 9 concrete block barns with 105 stalls, 6 concrete block run-in sheds. Additional improvements include a shop/paint bldg & equip shed. Housing includes a c.1870s 5,900 SF home (used as office) and 4 employee houses. Bordered by the S. Elkhorn Creek, Erhaab Stud is as aesthetically pleasing as it is functional.

Listing Details MLS# 22004730

Listing Information

Comp Sale YN: No
Property Sub Type: Farm

Status Change Information

Price Change Timestamp: 2023-03-10T13:19:58Z
Status Change Timestamp: 2023-09-01
Purchase Contract Date: 2023-08-03
Close Date: 2023-09-01
Close Price: 10000000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: No

Address

County: Scott
Street Number: 7541
Street Name: Georgetown
Street Suffix: Road
State: KY
Zip Code: 40324
Parcel Number: 111-00-00-010.00

Contract

Original List Price: 12000000
Start Showing Date: 2022-03-16
Listing Contract Date: 2022-03-16
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/Acre: 21883.09
Sold Price/Acre: 19028.77
SP/LP: 0.87

Tax Legal

MLS Area Major: 005 - Scott County
Subdivision Name: Rural

Lot

Lot Size Source: Public Records
Lot Size Acres: 525.52
Lot Size Square Feet: 22891651
Lot Size Dimensions: 525.52 Acres
Road Frontage Feet: 3000
Conservation Easement YN: No

More Information

Remarks

Public Remarks: Erhaab Stud, formerly known as Elko Bell Farm, is historically known as the most fertile & productive land in Scott/Franklin Counties. Shadwell Farm purchased this farm in 1999 because the land is of the highest quality and developed it into one of the most coveted Thoroughbred nurseries in Central KY. You enter this magnificent farm via an impressive gated stone entrance and travel over 4 miles of paved roads along its tree-lined driveways to its vast and quality improvements. Horse improvements include 9 concrete block barns with 105 stalls, 6 concrete block run-in sheds. Additional improvements include a shop/paint bldg & equip shed. Housing includes a c.1870s 5,900 SF home (used as office) and 4 employee houses. Bordered by the S. Elkhorn Creek, Erhaab Stud is as aesthetically pleasing as it is functional.

Land Details

Farm With House YN: No
Number Of Fields: 14

Other Structures Info

Number Of Horse Barns: 9
Number Of Paddocks: 44
Number Of Stalls: 105

Tax & Legal

Tax Rate: 11.985
Zoning: AR
Directions: Scott/Franklin County line at US 460. From Lexington, take US 25 (Georgetown Rd), turn left onto Ironworks Rd (1973) and turn left onto 460. Farm is on the left past Fishers Mill.

Interior

Living Area: 0
Above Grade Finished Area: 0

Utilities

Electricity Connected: Yes
Phone Available: Yes
Propane: Yes
Water Connected: Yes

Fencing

Plank: Yes

Horse Amenities

Barn: Yes
Hay Storage: Yes

Lot Features

Bottomland: Yes
Cleared: Yes
Floodplain: Yes
Gentle Sloping: Yes
Wooded: Yes

Sewer

Septic Tank: Yes

Water Source

Creek(s): Yes
Lake(s): Yes
Pond(s): Yes
Public: Yes

Current Use

Cattle: Yes
Horses: Yes

Disclosures

Inground Tank(s): Yes

Possible Use

Horses: Yes

Farm Improvements

Auto Walkers: Yes
Auto Waterers: Yes
Equipment Building(s): Yes
Office: Yes
Run-In Shed(s): Yes

Housing

Manager(s): Yes
Tenant(s): Yes
Other: Yes

Possession Auxiliary Dwelling

Negotiable: Yes

Possession Farm Land

Negotiable: Yes

Showing Requirements

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

Documents

Aerial Photo: Yes
Other: Yes

Property Features

Utilities: Electricity Connected; Phone Available; Propane; Water Connected; Electricity Connected; Phone Available; Propane; Water Connected Current Use: Cattle; Horses Disclosures: Inground Tank(s) Farm Improvements: Auto Walkers; Auto Waterers; Equipment Building(s); Office; Run-In Shed(s) Fencing: Plank Horse Amenities: Barn; Hay Storage Housing: Manager(s); Tenant(s); Other Lot Features: Bottomland; Cleared; Floodplain; Gentle Sloping; Wooded Possession Auxiliary Dwelling: Negotiable Possession Farm Land: Negotiable Possible Use: Horses Sewer: Septic Tank Water Source: Creek(s); Lake(s); Pond(s); Public Showing Requirements: Call Listing Agent; Call Listing Office; Listing Agent Must Accompany; No Sign Documents: Aerial Photo; Other

Listing Office: Justice Real Estate

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.