35 Stonecrest Street,Morehead, KY 40351
Morehead, KY 40351
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.
Details
| MLS # | 26008030 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 143 |
| Listing Provided By | Paragon Realty Partners | Jill C Ratliff |
Features
| SQ Feet | 1,900 |
|---|---|
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 14.90 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Vinyl Siding |
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Area Information
| State | KY |
|---|---|
| County | Rowan |
| City | Morehead |
| Zip Code | 40351 |
| Area | 061 Rowan County |
| Subarea | Rowan County |
| Community Name | Rural |
| Listing VS Median (in Rural) | |
Price: $1,100,000 low | high Med: $295,000 sqft: 1,900 low | high Med: 1,868 $ / sqft: $579 low | high Med: $158 On site: 143 low | high Med: 71 | |
Market Activity 40351
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Learn More About This Property
| State | KY |
|---|---|
| County | Rowan |
| City | Morehead |
| Zip Code | 40351 |
| Area | 061 Rowan County |
| Subarea | Rowan County |
| Community Name | Rural |
| Listing VS Median (in Rural) | |
Price: $1,100,000 low | high Med: $295,000 sqft: 1,900 low | high Med: 1,868 $ / sqft: $579 low | high Med: $158 On site: 143 low | high Med: 71 | |
