3435 Pegasus Lane, Lexington, KY 40511 (MLS# 24021998)

3435 Pegasus Lane, Lexington, KY 40511

$975,000

Property Type: Farm Bedrooms: 2 Baths: 2 Square Footage: 960 Lot Size (sq. ft.): 689,555 Status: Closed

Current Price: $975,000 List Date: 10/18/2024 Last Modified: 9/04/2025

Overview

Description

Located just 3.2 miles form Iron Works and only 5 miles to the entrance of the Kentucky Horse Park, this 15.8 acre horse farm is suitable for any discipline. The show horse world will truly appreciate its quality improvements and great location in the immediate area of Kessler Show Stables, Six Winters, and the newly developed Lagado Farm at Mt. Horeb. It would also be an excellent sales prep facility with its 26- stall horse barn with jog around and six horse Swedish Walker. Housing includes an office/groom's quarters with full bath in the barn; and currently under construction- a two bedroom, two bathroom Morton Building.

Listing Details MLS# 24021998

Listing Information

Comp Sale YN: No
Property Sub Type: Farm

Status Change Information

Status Change Timestamp: 2024-12-06
Purchase Contract Date: 2024-11-09
Close Date: 2024-12-06
Close Price: 975000
Buyer Financing: Other
Sale Type: Arms Length Sale
Concessions Comments: No

Address

County: Fayette
Street Number: 3435
Street Name: Pegasus
Street Suffix: Lane
State: KY
Zip Code: 40511
Parcel Number: 19986760

Contract

Original List Price: 995000
Start Showing Date: 2024-10-18
Listing Contract Date: 2024-10-18
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 62855.34
List Price/SqFt: 1036.46
Sold Price/Acre: 61591.91
Sold Price/SqFt: 1015.63
SP/LP: 0.98

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Rural

Interior

Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 960
Living Area: 960

More Information

Building

Year Built: 2024

Lot

Lot Size Source: Assessor
Lot Size Acres: 15.83
Lot Size Square Feet: 689555
Lot Size Dimensions: 15.83 acres
Conservation Easement YN: No
View YN: Yes

Remarks

Public Remarks: Located just 3.2 miles form Iron Works and only 5 miles to the entrance of the Kentucky Horse Park, this 15.8 acre horse farm is suitable for any discipline. The show horse world will truly appreciate its quality improvements and great location in the immediate area of Kessler Show Stables, Six Winters, and the newly developed Lagado Farm at Mt. Horeb. It would also be an excellent sales prep facility with its 26- stall horse barn with jog around and six horse Swedish Walker. Housing includes an office/groom's quarters with full bath in the barn; and currently under construction- a two bedroom, two bathroom Morton Building.

Land Details

Farm With House YN: Yes

Other Structures Info

Number Of Horse Barns: Yes
Number Of Stalls: 26

Showing Information

Showing Instructions: Do not drive onto farm without an appointment - no exceptions - speak with listing agent before showing and please have downloaded the aerial before speaking with listing agent.

Tax & Legal

Tax Rate: 1.0893
Zoning: AR
Directions: Turn onto Mt. Horeb from Iron Works. Mt Horeb makes a large turn and then goes to the right. At that point, stay straight (you're on Lemons Mill), turn left onto second driveway.

Utilities

Electricity Connected: Yes
Water Connected: Yes

Architectural Style

Ranch: Yes

Fencing

Plank: Yes
V-Mesh: Yes

Horse Amenities

Barn: Yes
Hay Storage: Yes

Levels

One: Yes

Lot Features

Gentle Sloping: Yes

Sewer

Septic Tank: Yes

View

Farm: Yes

Water Source

Public: Yes

Current Use

Horses: Yes

Possible Use

Horses: Yes

Farm Improvements

Auto Walkers: Yes
Office: Yes

Housing

Manager(s): Yes
Other: Yes

Possession Farm Land

Negotiable: Yes

Possession Main House

Negotiable: Yes

Showing Requirements

Call Listing Agent: Yes
Call Listing Office: Yes
No Sign: Yes

Documents

Aerial Photo: Yes
Other: Yes

Property Features

Utilities: Electricity Connected; Water Connected; Electricity Connected; Water Connected Architectural Style: Ranch Current Use: Horses Farm Improvements: Auto Walkers; Office Fencing: Plank; V-Mesh Horse Amenities: Barn; Hay Storage Housing: Manager(s); Other Levels: One Lot Features: Gentle Sloping Possession Farm Land: Negotiable Possession Main House: Negotiable Possible Use: Horses Sewer: Septic Tank View: Farm Water Source: Public Showing Requirements: Call Listing Agent; Call Listing Office; No Sign Documents: Aerial Photo; Other

Listing Office: Justice Real Estate

Last Updated: September - 04 - 2025

Information deemed reliable but not guaranteed.