Discover the potential of this stunning 26.975-acre farm nestled in the heart of Rowan County! With gently rolling hills and 900 feet of road frontage, this property offers endless possibilities for subdivision development, commercial ventures, or as a charming farmstead. The picturesque landscape creates an ideal setting for your dream project, whether you're looking to build a residential community or establish a thriving business. The property includes a classic farmhouse and a barn, both of which are ready for your creative renovations, allowing you to infuse your personal touch. Imagine transforming these structures into modern living spaces or functional facilities that enhance the property's value. Additionally, ask about the commercial building with highway access for sale (+.5 acres). This could be combined with purchase. There's an opportunity to expand your vision by combining this parcel with an additional 62 acres directly across HWY 32, maximizing your investment potential. Don't miss this chance to own a piece of Rowan County's beautiful countryside, where your ideas can flourish! Whether you're an investor, developer, or farmer, this property is brimming with potential waiting for you to unlock. Seize the opportunity today! Investment Highlights - Prime Location: With over 1,200 feet of road frontage on a busy highway, this property ensures high visibility and easy access for potential residential units, customers or clients. - Versatile Property: The combination of commercial space (if negotiated in the deal-not included in this listing), farmland, and residential rental potential allows for a diverse range of investment opportunities. - Cleared and Maintained Land: The gently rolling farmland is ready for immediate use, minimizing preparation efforts for agricultural endeavors. - Utility Accessibility: While there are currently no utilities connected (land only-utilities are furnished to home and commercial building (if added to purchase), gas, sewer, and water services are readily available with minimal effort to connect. - Income Potential: The commercial building (if added to deal for additional cost) offer an opportunity to open a business in the hear term and generate cash flow. It is currently a successful trophy business. The rental house offers immediate cash flow, with the potential for increased income through renovation and enhancement.
For sale
Price cut: $102K (10/23)
$790,000
7325 Flemingsburg Rd, Morehead, KY 40351
3beds
--sqft
Est.:
Farm
Built in ----
26.98 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern living spacesClassic farmhousePicturesque landscapeGently rolling hillsCleared and maintained landFunctional facilities
- 211 days |
- 143 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: December 23, 2025 at 04:28pm
Listed by:
Tamara Hurst 502-229-3378,
SimpliHOM
Source: Imagine MLS,MLS#: 25011733
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: First
Bedroom 2
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Has Heating (Unspecified Type)
Cooling
- Wall Unit(s)
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Features
- Levels: One and One Half
- Has view: Yes
- View description: Rural, Trees/Woods, Farm
Lot
- Size: 26.98 Acres
- Features: Cleared, Rolling Slope
- Topography: Rolling Slope, Cleared
Details
- Additional structures: Barn(s)
- Parcel number: 02800001.02
- Zoning description: Flexible
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Rural
Location
- Region: Morehead
Financial & listing details
- Tax assessed value: $265,800
- Annual tax amount: $1,314
- Date on market: 12/5/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,268/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Price change | $790,000-11.4% |
Source: | ||
| 6/4/2025 | Listed for sale | $892,000 |
Source: | ||
| 5/30/2025 | Listing removed | $892,000 |
Source: | ||
| 4/27/2025 | Price change | $892,000-1.1% |
Source: | ||
| 1/23/2025 | Listed for sale | $902,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $1,314 -2.5% | $192,507 |
| 2021 | $1,347 -2.5% | $192,507 -27.6% |
| 2020 | $1,382 -1.1% | $265,800 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,702/mo
Principal & interest
$3063
Property taxes
$362
Home insurance
$277
Climate risks
Neighborhood: 40351
Nearby schools
GreatSchools rating
- 6/10Mcbrayer Elementary SchoolGrades: K-5Distance: 4.4 mi
- 4/10Rowan County Middle SchoolGrades: 6-8Distance: 4.1 mi
- 7/10Rowan County Senior High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- 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.
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