$799,000
( )
 $4,537 est/mo Sourced by Back At You

0 Stonecrest Street,Morehead, KY 40351

Morehead, KY 40351

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Description

Exceptional opportunity to acquire a partially completed residential subdivision on 14.66 acres with substantial infrastructure already in place. The development was originally designed for 37 residential lots, with one home already constructed and sold, demonstrating proven market demand. A second spec home is nearly complete, leaving 35 remaining residential lots available for future development by new owner. Utility infrastructure is reported complete for a significant portion of the development, including sewer, water, electric, data, and cable. The subdivision is prepared for base blacktop, with manhole covers already purchased and portions of gravel installed, offering meaningful savings in both time and upfront development costs. A completed footer for an additional home is also in place, providing immediate build potential. The remaining lots are also available in combination with the nearly completed spec home (see MLS #26008027 and #26008030), offering flexible acquisition options for builders or developers. Ideally located approximately 2 miles from I-64, less than 1 mile from Eagle Trace Golf Course, and under 10 miles from Cave Run Lake. Rare opportunity for builders, developers, or investors to step into a well-located subdivision with infrastructure, momentum, and scalability already in place.

Details

MLS #26013104
Listing TypeFor Sale
StyleBusiness
Sub-TypeResale
StatusActive
Year9999
Days On Site84
Listing Provided ByParagon Realty Partners | Jill C Ratliff

Features

ZoningOther
Acreage14.66

Area Information

StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
Community NameRural
Listing VS Median (in Rural)
Price:
$799,000
low | high
Med:
$294,500
100% of Average
On site:
84
low | high
Med:
155
54.193548387097% of Average
Sourced by Back At You

Market Activity 40351

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Learn More About This Property

StateKY
CountyRowan
CityMorehead
Zip Code40351
Area061 Rowan County
SubareaRowan County
Community NameRural
Listing VS Median (in Rural)
Price:
$799,000
low | high
Med:
$294,500
100% of Average
On site:
84
low | high
Med:
155
54.193548387097% of Average
Sourced by Back At You
Listing Updated: August 14, 2026 at 7:50:27 AM PDT