776 Peaks Mill Road, Frankfort, KY 40601 (MLS# 23003658)

776 Peaks Mill Road, Frankfort, KY 40601

$890,000

Property Type: Farm Lot Size (sq. ft.): 6,403,320 Status: Closed

Current Price: $890,000 List Date: 3/02/2023 Last Modified: 9/04/2025

Overview

Description

Beautiful farm in Northeast Frankfort. Only 3.5 miles from downtown. One of the first farms outside the urban service boundary/city limits of Frankfort. The property is on the right past Peaks Mills School and Arnold Ridge Subdivision. The Peaks Mill Area offers beautiful rolling farmland, rich soils. stone fences and incredible views. Elkhorn Creek is within a half mile which is known as one of the great Smallmouth streams in the Southeast US. Cove Springs Park / Nature Preserve is next to Peaks Mill School and offers walking trails and a 3-D archery trail. Excellent crop, cattle, horse or recreational land abundant wildlife. A Duck Hunters Dream!!! The front portion of the property borders dedicated wetlands with ideal marshy habitat, small creaks, ponds and looks amazing for waterfowl. The property would work perfect for a family or group of friends that are looking to build houses close together. There are options for smaller tracts starting at 30 acres and up.

Listing Details MLS# 23003658

Listing Information

Comp Sale YN: No
Property Sub Type: Farm

Status Change Information

Price Change Timestamp: 2023-04-29T17:02:30Z
Status Change Timestamp: 2023-08-30
Purchase Contract Date: 2023-07-12
Close Date: 2023-08-30
Close Price: 890000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: None

Address

County: Franklin
Street Number: 776
Street Name: Peaks Mill
Street Suffix: Road
State: KY
Zip Code: 40601
Parcel Number: 072-00-00-105.00,073-00-00-041.01,073-00-00-043.00

Contract

Original List Price: 2200000
Start Showing Date: 2023-03-01
Listing Contract Date: 2023-02-16
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
List Price/Acre: 11489.8
Sold Price/Acre: 6054.42
SP/LP: 0.53

Tax Legal

MLS Area Major: 014 - Franklin County
Subdivision Name: Rural
High School District: Franklin County - 14

Lot

Lot Size Source: Public Records
Lot Size Acres: 147
Lot Size Square Feet: 6403320
Lot Size Dimensions: see attached plat
Conservation Easement YN: No
View YN: Yes

More Information

Remarks

Public Remarks: Beautiful farm in Northeast Frankfort. Only 3.5 miles from downtown. One of the first farms outside the urban service boundary/city limits of Frankfort. The property is on the right past Peaks Mills School and Arnold Ridge Subdivision. The Peaks Mill Area offers beautiful rolling farmland, rich soils. stone fences and incredible views. Elkhorn Creek is within a half mile which is known as one of the great Smallmouth streams in the Southeast US. Cove Springs Park / Nature Preserve is next to Peaks Mill School and offers walking trails and a 3-D archery trail. Excellent crop, cattle, horse or recreational land abundant wildlife. A Duck Hunters Dream!!! The front portion of the property borders dedicated wetlands with ideal marshy habitat, small creaks, ponds and looks amazing for waterfowl. The property would work perfect for a family or group of friends that are looking to build houses close together. There are options for smaller tracts starting at 30 acres and up.

Land Details

Farm With House YN: No

Tax & Legal

Elementary School: Peaks Mill
Middle Or Junior School: Elkhorn Middle
High School: Franklin Co
Tax Rate: 11.84
Zoning: AR
Directions: US 127 Owenton Rd out of town. Right on Peaks Mill at the top of the hill. Look for signs on the right across from Smither Hill Ln.

Interior

Living Area: 0
Above Grade Finished Area: 0

Utilities

Electricity Available: Yes
Natural Gas Available: Yes
Water Available: Yes

Fencing

Plank: Yes
Wire: Yes

Lot Features

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

Sewer

None: Yes

View

Farm: Yes
Neighborhood: Yes
Rural: Yes
Suburban: Yes
Trees/Woods: Yes

Water Source

Public: Yes

Current Use

Cattle: Yes
Pasture: Yes

Possible Use

Agricultural: Yes
Cattle: Yes
Horses: Yes
Pasture: Yes
Recreational: Yes
Residential: Yes

Farm Improvements

Tobacco Barn(s): Yes

Possession Farm Land

Close Of Escrow: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Documents

Aerial Photo: Yes
Survey: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Water Available; Electricity Available; Natural Gas Available; Water Available Current Use: Cattle; Pasture Farm Improvements: Tobacco Barn(s) Fencing: Plank; Wire Lot Features: Bottomland; Cleared; Floodplain; Gentle Sloping; Level; Wooded Possession Farm Land: Close Of Escrow Possible Use: Agricultural; Cattle; Horses; Pasture; Recreational; Residential Sewer: None View: Farm; Neighborhood; Rural; Suburban; Trees/Woods Water Source: Public Showing Requirements: Call Listing Agent; Showing Service Documents: Aerial Photo; Survey

Listing Office: Bluegrass Realty & Investments

Last Updated: September - 04 - 2025

Information deemed reliable but not guaranteed.