Exceedingly rare opportunity to claim a fantastic property settled in an exceptional location! Perched on nearly 4 acres within view of the boundary of Daniel Boone National Forest, yet only 2 minutes to I-64 access, 10 minutes to Cave Run Lake, 10 minutes to downtown Morehead, & under an hour to Lexington. Ranch home boasts over 4,000 sq. ft of finished living space, in addition to a 26'X34' fully-insulated climate-controlled garage/workshop & a 24'X30' drive-thru sliding door barn, both equipped with electric & exterior water. Highlights of this home include full-sized doorways & hallways making every room easily accessible, a massive primary suite complete with office & flex space possibly ideal for a mother-in-law area, & a large walk-out basement with uniquely spacious 9' ceilings. Could be the perfect home for a multi-generational family and/or all sorts of hobby-enthusiasts such as boaters, woodworkers, mini-farmers, gardeners, etc. This place is definitely worth a look, schedule your showing today! Listing Agent is a relative (son) of Sellers.
For sale
Price cut: $26K (3/4)
$549,000
1150 Rice Rd, Morehead, KY 40351
4beds
4,096sqft
Est.:
Single Family Residence
Built in 1995
3.88 Acres Lot
$531,800 Zestimate®
$134/sqft
$-- HOA
What's special
- 72 days |
- 492 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2026 at 09:52am
Listed by:
Nathan Stansbury 859-629-1869,
Lifstyl Real Estate
Source: Imagine MLS,MLS#: 26001531
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Primary bedroom
- Level: First
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Primary bathroom
- Level: First
Bathroom 1
- Level: First
Bathroom 2
- Level: First
Bathroom 3
- Level: First
Bathroom 3
- Level: First
Den
- Level: First
Dining room
- Level: First
Family room
- Level: First
Great room
- Level: Lower
Kitchen
- Level: First
Utility room
- Level: First
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Refrigerator, Range
Features
- Flooring: Carpet, Laminate
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,096
- Total interior livable area: 4,096 sqft
- Finished area above ground: 3,184
- Finished area below ground: 912
Property
Parking
- Total spaces: 4
- Parking features: Attached Carport, Detached Garage, Driveway
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Central Living Area, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen
Lot
- Size: 3.88 Acres
Details
- Additional structures: Barn(s), Workshop, Boat House
- Parcel number: 01900 00 028.05
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Concrete Perimeter
Condition
- Year built: 1995
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Rural
HOA
- Has HOA: No
Location
- Region: Morehead
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $262,460
- Annual tax amount: $2,236
- Date on market: 1/21/2026
Estimated market value
$531,800
$505,000 - $558,000
$2,677/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Price change | $549,000-4.5%$134/sqft |
Source:  Imagine MLS #26001531 Report a problem | ||
| 1/21/2026 | Listed for sale | $575,000-4%$140/sqft |
Source: Imagine MLS #26001531 Report a problem | ||
| 1/1/2026 | Listing removed | $599,000$146/sqft |
Source: Imagine MLS #25501596 Report a problem | ||
| 11/26/2025 | Price change | $599,000-7.7%$146/sqft |
Source: Imagine MLS #25501596 Report a problem | ||
| 9/18/2025 | Listed for sale | $649,000$158/sqft |
Source: Imagine MLS #25501596 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,236 +7.9% | $262,460 +9.4% |
| 2022 | $2,072 -2.5% | $239,840 |
| 2021 | $2,125 -1.8% | $239,840 |
| 2020 | $2,163 -1.1% | $239,840 |
| 2019 | $2,187 +3.2% | $239,840 +2.8% |
| 2018 | $2,119 +8.8% | $233,320 |
| 2017 | $1,948 | $233,320 |
| 2016 | $1,948 | $233,320 +1.2% |
| 2014 | $1,948 | $230,500 |
| 2013 | $1,948 | $230,500 |
| 2012 | -- | $230,500 |
| 2011 | -- | $230,500 |
| 2010 | -- | $230,500 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,007/mo
Principal & interest
$2755
Property taxes
$252
More affordability tools
Climate risks
Neighborhood: 40351
Nearby schools
GreatSchools rating
- 6/10Mcbrayer Elementary SchoolGrades: K-5Distance: 3.8 mi
- 4/10Rowan County Middle SchoolGrades: 6-8Distance: 3.9 mi
- 7/10Rowan County Senior High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: McBrayer
- Middle: Rowan Co
- High: Rowan Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 40351
- Kentucky
- Rowan County
- Morehead
- 40351
- 1150 Rice Rd
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