35 Stonecrest Street
Morehead, KY, 40351 $ 1,100,000
Bedrooms-- Baths-- Monthly Estimate*
$ 6,946
for $1,100,000. This building 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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FeaturesGeneralSewer Public Sewer
Utilities Electricity Available Sewer Available Water Available
Possession Negotiable
Roof Shingle
Zoning Other
Construction Materials Vinyl Siding
Year Built 2022
Property Subtype Business
Parcel Number 011-00 00 013.03
Business Type Other
County Rowan
New Construction true
Property Type Commercial Sale
Subdivision Name Rural
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.
City Morehead
MLS Area 061 - Rowan County
Lot Size Units Acres
Lot Size Square Feet 649044
Land Lease Y/N N
Property Condition New Construction
MLS Area Minor 061 - Rowan County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorLot Size Area 14.9
Number of Buildings 1
Building Area Total 1900
Lot Size Acres 14.9
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N false
Total Baths 0
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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 NearbyCommerical listings in Morehead, KY
Average List Price $785,222
Percent of Sale Price 29%
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 |