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George & Julie Green

george@greenteamres.com +1(502) 439-7596

$ 1,100,000

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Price Dropped by $200K

35 Stonecrest Street Morehead, KY 40351

3 Beds

3 Baths

14.9 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Rural

MLS Listing ID 26008027

Bedrooms 3

Full Baths 2

Half Baths 1

Year Built 2022

Lot Size 14.900 Acres

Acres 14.9

Property Sub-Type Single Family Residence

Property Description

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.

Location

State KY

County Rowan

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs, Walk-In Closet(s)

Flooring Ceramic Tile, Wood

Fireplaces Type Gas Log

Laundry Main Level

Exterior

Parking Features Attached Carport, Driveway, Garage Faces Side

Garage Spaces 2.0

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N N

Roof Type Shingle

Handicap Access No

Private Pool No

Building

Story One

Foundation Block

Sewer Public Sewer

Level or Stories One

New Construction Yes

Schools

Elementary Schools Mcbrayer

Middle Schools Rowan Co

High Schools Rowan Co

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Paragon Realty Partners

NEARBY SCHOOLS & PROPERTIES

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George & Julie Green

Team Lead | License ID: 65330

+1(502) 439-7596 | george@greenteamres.com

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George & Julie Green

35 Stonecrest Street Morehead, KY 40351

Key Details

Location

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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35 Stonecrest Street