517 W Main Street, Lexington, KY 40507 (MLS# 25011318)

517 W Main Street, Lexington, KY 40507

$962,500

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,185 Lot Size (sq. ft.): 1 Status: Closed

Current Price: $962,500 List Date: 5/30/2025 Last Modified: 8/29/2025

Overview

Description

Located in the heart of downtown Lexington, this one-of-a-kind ground-level condo places you just steps from Rupp Arena and the exciting new Gatton Park on the Town Branch. Perfect for the devoted UK basketball fan or anyone craving walkable city living, this 3-bedroom, 2.5-bath home blends urban convenience with Kentucky charm. Rustic barnwood siding details create a cozy retreat-like feel, while a striking two-story great room with LED lighting adds a modern edge. Upstairs, enjoy a private deck featuring historic bricks salvaged from Keeneland Race Track—a true nod to Bluegrass heritage. The gated entrance offers added security, and covered parking is included. Whether you're entertaining guests or enjoying a quiet night in, this downtown gem is full of character, comfort, and unbeatable access to all Lexington has to offer.

Listing Details MLS# 25011318

Listing Information

Comp Sale YN: No
Property Sub Type: Condominium

Status Change Information

Status Change Timestamp: 2025-07-07
Purchase Contract Date: 2025-06-07
Close Date: 2025-07-07
Close Price: 962500
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: No

Address

County: Fayette
Street Number: 517
Street Direction Prefix: W
Street Name: Main
Street Suffix: Street
State: KY
Zip Code: 40507
Directions: On West Main Street, across from Rupp Arena and Convention Center.
Parcel Number: 38205170
Tax District: Yes

Contract

Original List Price: 975000
Start Showing Date: 2025-05-30
Listing Contract Date: 2025-05-30
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
List Price/SqFt: 446.22
Sold Price/SqFt: 440.5
SP/LP: 0.99

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Downtown
High School District: Fayette County - 1

Interior

Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Above Grade Finished Area: 2185
Living Area: 2185
Living Area Source: Public Records
Basement YN: No
Fireplace YN: No
Below Grade Finished Area: 0
Above Grade Unfinished Area: 0
Below Grade Unfinished Area: 0

More Information

Parking Information

Garage YN: Yes
Garage Spaces: Yes
Carport YN: No

Building

Year Built: 2006

Lot

Lot Size Source: Public Records
Lot Size Square Feet: Yes
View YN: Yes
Waterfront YN: No
Lot Size Acres: 0

Utilities

Cooling YN: Yes
Heating YN: Yes

Remarks

Public Remarks: Located in the heart of downtown Lexington, this one-of-a-kind ground-level condo places you just steps from Rupp Arena and the exciting new Gatton Park on the Town Branch. Perfect for the devoted UK basketball fan or anyone craving walkable city living, this 3-bedroom, 2.5-bath home blends urban convenience with Kentucky charm. Rustic barnwood siding details create a cozy retreat-like feel, while a striking two-story great room with LED lighting adds a modern edge. Upstairs, enjoy a private deck featuring historic bricks salvaged from Keeneland Race Track—a true nod to Bluegrass heritage. The gated entrance offers added security, and covered parking is included. Whether you're entertaining guests or enjoying a quiet night in, this downtown gem is full of character, comfort, and unbeatable access to all Lexington has to offer.

Showing Information

Showing Instructions: ML-VACANT

Tax & Legal

Elementary School: Harrison
Middle Or Junior School: Lexington Trad
High School: Lafayette
Tax Rate: 1.2583
Inside New Circle Road YN: Yes

Association/Community

Association Mandatory YN: Yes
Association Fee: 415
Association Fee Frequency: Monthly

Appliances

Cooktop: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes

Association Fee Includes

Insurance: Yes
Maintenance Grounds: Yes
Sewer: Yes
Trash: Yes

Construction Materials

Brick Veneer: Yes

Cooling

Electric: Yes

Flooring

Tile: Yes
Wood: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Heat Pump: Yes

Interior Features

Entrance Foyer: Yes
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Two: Yes

Owner Pays

Management: Yes

Parking Features

Attached Garage: Yes
Off Street: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes

Sewer

Public Sewer: Yes

View

Neighborhood: Yes

Water Source

Public: Yes

Window Features

Window Treatments: Yes

Showing Requirements

Showing Service: Yes

Property Features

Appliances: Cooktop; Dishwasher; Dryer; Microwave; Oven; Refrigerator; Washer Association Fee Includes: Insurance; Maintenance Grounds; Trash Construction Materials: Brick Veneer Cooling: Electric Flooring: Tile; Wood Foundation Details: Concrete Perimeter Heating: Heat Pump Interior Features: Entrance Foyer; Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Owner Pays: Management Parking Features: Attached Garage; Off Street Possession: Close Of Escrow Roof: Flat Sewer: Public Sewer View: Neighborhood Water Source: Public Window Features: Window Treatments Showing Requirements: Showing Service

Listing Office: Team Pannell Real Estate

Last Updated: August - 29 - 2025

Information deemed reliable but not guaranteed.