Stonecrest Street, Morehead, KY 40351
sale
$1,300,000
|
Other
Courtesy Of Paragon Realty Partners
This exceptional property presents a ready-to-advance residential development on 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 home is nearly complete and included, and the footer is completed for a third home, adding immediate value 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, and the development is ready for base blacktop. Manhole covers have been purchased, and some gravel is in place, substantially reducing upfront costs and development timelines. Ideally located just 2 miles from Interstate 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. Don't miss a rare chance to step into a partially completed, well-located residential development with momentum already in place. This is ideal for builders, developers, or investors looking to capitalize on existing infrastructure and a prime location.
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Property Features
- Age: 1-5 Years Old
- Exterior Type: Vinyl Siding
- Floors: 1
- MLSID: 26008030
- Roof Type: Shingle
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