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.
Listed By
Agency Name: Paragon Realty Partners
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimated Payment
$ 4,272.43 per month $3,951.59 Principal & Interest $0.00 Property Tax (data not provided by mls) $320.83 Homeowner's Insurance
35 Stonecrest Street | MLS# 26008027
This single family home located at 35 Stonecrest Street, Morehead, KY 40351 is currently listed for sale with an asking price of $1,100,000. This property has 3 bedrooms and 2 full and 1 partial baths. Stonecrest Street is located in the Rural subdivision within the Rowan County - 61 school district. Search Rural real estate on www.salliedavidson.com today.