A rare find! Country living with a beautiful view and so close to town. This large ranch sits on just under 5 acres and is only ½ mile from Peaks Mill School, 1 mile to Cove Spring Park, and 3 miles to downtown Frankfort. There is plenty of living space with 3 bedrooms, 3.5 baths, and a bonus room/office that could easily be made to a 4th bedroom ensuite. Seller has priced this home to allow a concession for new owner to make it their own. However, the main house has been partially renovated to include an updated kitchen with new cabinets, granite countertops, and new appliances. Also, a lot of new paint and a new roof in 2022. If the fantastic location is not enough, enjoy entertaining family and guest in the gorgeous sunroom that overlooks the back of the property. Wait, there is more! The property also features a 2nd house/cottage with 2 bedrooms and 2 baths. The 2nd house/cottage can use some updating but has new plumbing, has HVAC, and is live-able and rent-able, if you so choose. There is also an extra/detached garage. So many possibilities with this one, time to come home and make it yours.
Sold for $487,500
$487,500
5400 Owenton Rd, Frankfort, KY 40601
3beds
3,297sqft
Single Family Residence
Built in 1988
4.83 Acres Lot
$542,800 Zestimate®
$148/sqft
$3,101 Estimated rent
Home value
$542,800
$510,000 - $575,000
$3,101/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 28, 2025 at 10:52pm
Listed by:
David Dean 502-545-0654,
Bluegrass Realty & Investments
Bought with:
David Dean, 242148
Bluegrass Realty & Investments
Source: Imagine MLS,MLS#: 23015510
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Description: spacious
- Level: First
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bathroom 1
- Description: Full Bath
- Level: First
Bathroom 2
- Description: Full Bath
- Level: First
Bathroom 3
- Description: Full Bath
- Level: First
Bathroom 4
- Description: Half Bath
- Level: First
Bonus room
- Description: could easily be converted to 4th bedroom ensuite.
- Level: First
Dining room
- Level: First
Dining room
- Level: First
Great room
- Level: First
Great room
- Level: First
Kitchen
- Description: large and eat in
- Level: First
Living room
- Description: large and open
- Level: First
Living room
- Description: large and open
- Level: First
Utility room
- Level: First
Heating
- Forced Air, Propane Tank Owned
Cooling
- Electric
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Breakfast Bar, Entrance Foyer, Eat-in Kitchen, Master Downstairs, Walk-In Closet(s), Ceiling Fan(s)
- Flooring: Carpet, Hardwood, Tile
- Doors: Storm Door(s)
- Has basement: No
- Has fireplace: Yes
Interior area
- Total structure area: 3,297
- Total interior livable area: 3,297 sqft
- Finished area above ground: 3,297
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Driveway, Garage Door Opener, Off Street, Garage Faces Side
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Patio & porch: Deck, Porch
- Fencing: Chain Link,Wood
- Has view: Yes
- View description: Rural, Trees/Woods, Farm
Lot
- Size: 4.83 Acres
- Features: Secluded
Details
- Additional structures: Guest House, Shed(s)
- Parcel number: 0730000027.00
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Propane Connected
Community & neighborhood
Location
- Region: Frankfort
- Subdivision: Rural
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2023 | Sold | $487,500-2.3%$148/sqft |
Source:  Imagine MLS #23015510 Report a problem | ||
| 10/25/2023 | Pending sale | $499,000$151/sqft |
Source: Imagine MLS #23015510 Report a problem | ||
| 10/14/2023 | Contingent | $499,000$151/sqft |
Source: Imagine MLS #23015510 Report a problem | ||
| 9/7/2023 | Price change | $499,000-2%$151/sqft |
Source: Imagine MLS #23015510 Report a problem | ||
| 8/29/2023 | Price change | $509,000-1.9%$154/sqft |
Source: Imagine MLS #23015510 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $3,151 -1.3% | $310,000 |
| 2022 | $3,191 -1.2% | $310,000 |
| 2021 | $3,230 | $310,000 |
Find assessor info on the county website
Neighborhood: 40601
Nearby schools
GreatSchools rating
- 4/10Peaks Mill Elementary SchoolGrades: 1-5Distance: 0.3 mi
- 4/10Elkhorn Middle SchoolGrades: 6-8Distance: 1.9 mi
- 6/10Franklin County High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Peaks Mill
- Middle: Elkhorn Middle
- High: Franklin Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$542,800
2% more+$10,856
With Zillow Showcase(estimated)$553,656