35 Stonecrest St, Morehead, KY 40351

$1,100,000
: 3
BD
: 3
BA

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List Price: $1,100,000
Status: ACTIVE
Days on Market: 109
MLS#: 26008027
Subtype: Residential
Year Built: 2022
Bedrooms: 3
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Lot Size: 649,044
Acres: 14.90
Subdivision: Rural
Neighborhood: 061 - Rowan County
MLS Area Major: 061 - Rowan County

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Property Description

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.

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