35 Stonecrest Street
Morehead, KY, 40351 $ 1,100,000
Bedrooms3 Baths2.1 Monthly Estimate*
$ 6,946
for $1,100,000 with 3 bedrooms and 2 full baths, 1 half bath. This home was built in 2022 on a lot size of 14.9.
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.
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FeaturesInteriorInterior Amenities Ceiling Fan(s) Eat-in Kitchen Primary Downstairs Walk-In Closet(s)
Flooring Ceramic Tile Wood
Total Fireplaces 1
Fireplace Features Gas Log Living Room
Basement (Y/N) No
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N true
Above Grade Finished Area 0
Half Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 3
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GeneralSewer Public Sewer
Utilities Electricity Available Sewer Available Water Available
Possession Negotiable
Roof Shingle
Garage Spaces 2
Patio/Porch Features Porch Front Porch Rear Porch
Construction Materials Vinyl Siding
Year Built 2022
Levels One
Property Subtype Single Family Residence
Parcel Number 011-00 00 013.03
County Rowan
New Construction true
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Rural
Garage Y/N true
Total Rooms 9
Full Baths 2
Status Active
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.
High School Rowan Co
City Morehead
High School District Rowan County - 61
MLS Area 061 - Rowan County
Lot Size Units Acres
Lot Size Square Feet 649044
Carport Y/N false
Elementary School McBrayer
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Rowan Co
Property Condition New Construction
MLS Area Minor 061 - Rowan County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type House
Standard Status Active
Senior Community None
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ExteriorParking Features Attached Carport Driveway Garage Faces Side
Water Source Public
Lot Size Area 14.9
Foundation Details Block
Building Area Total 0
Lot Size Acres 14.9
Lot Size Source Public Records
Waterfront Y/N false
Crops Included Y/N N
Horse Y/N false
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByParagon Realty Partners Central & Eastern KyBroker
jill.realtor22@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,946
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Morehead, KY
Average List Price $365,660
Percent of Sale Price 67%
About Morehead, KY 7,341 Population
24% Since 2002
$ 32,952 Median Income
25.14 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2026 | $1,100,000 | -15.38% | Price Down |
| 4/16/2026 | $1,300,000 | | Listed Price |