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For sale
  • Price cut: $50K (3/2)
    $740,000

    7325 Flemingsburg Rd, Morehead, KY 40351

    3beds
    --sqft
    : 
    Farm
    Built in ----
    26.98 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern living spacesClassic farmhousePicturesque landscapeGently rolling hillsCleared and maintained landFunctional facilities
    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. *Some Photos are AI renders to inspire vision.
    287 days
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    220
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    1
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    Zillow last checked: 7 hours ago

    Listing updated: March 06, 2026 at 07:27am

    Listed by:

    Tamara Hurst 502-229-3378,

    SimpliHOM

    Source: Imagine MLS,MLS#: 25011733MLS Logo

    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: $1,246
      • Date on market: 12/5/2025
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,109/mo

        Price history

        Price history
        DateEventPrice
        3/2/2026Price change$740,000-6.3%
        Source: Imagine MLS #25011733 Report a problem
        10/23/2025Price change$790,000-11.4%
        Source: Imagine MLS #25011733 Report a problem
        6/4/2025Listed for sale$892,000
        Source: Imagine MLS #25011733 Report a problem
        5/30/2025Listing removed$892,000
        Source: Imagine MLS #25001146 Report a problem
        4/27/2025Price change$892,000-1.1%
        Source: Imagine MLS #25001146 Report a problem
        1/23/2025Listed for sale$902,000
        Source: Imagine MLS #25001146 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2023$1,246 -5.2%$192,507
        2022$1,314 -2.5%$192,507
        2021$1,347 -2.5%$192,507 -27.6%
        2020$1,382 -1.1%$265,800
        2019$1,398 -0.7%$265,800
        2018$1,407 +114.8%$265,800
        2017$655 $265,800 +16.7%
        2014$655 $227,707 -1.5%
        2013$655 $231,125 +198.1%
        2012-- $77,525
        2011-- $77,525
        2010-- $77,525

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,902/mo
        Principal & interest
        $3563
        Property taxes
        $339
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          Climate risks

          Neighborhood: 40351

          Getting around

          1 / 100
          Car-Dependent
          12 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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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