Rare Opportunity Backing to Masterson Station Park! Get ready to fall in love with this beautifully updated 4-bedroom, 2-bathroom home that perfectly combines modern upgrades, a sought-after split-bedroom floor plan, and an incredible backyard setting! From the moment you walk through the door, you'll be impressed by the stunning new LVP flooring that flows throughout the home, creating a fresh, stylish, and move-in-ready feel. The spacious kitchen has been refreshed with brand-new appliances, making meal preparation and entertaining a breeze. Both bathrooms have been thoughtfully updated with modern finishes, while the NEW HVAC system provides year-round comfort and peace of mind. The desirable split-bedroom layout offers the perfect balance of privacy and functionality, with a spacious primary suite tucked away from the additional bedrooms. A 2-car attached garage provides plenty of room for vehicles, storage, and hobbies. Step outside and discover what truly sets this home apart! Your backyard opens directly to Masterson Station Park and a scenic walking trail, creating an extension of your own outdoor living space. Enjoy morning walks, evening sunsets, playgrounds, open green space, and endless opportunities for recreation just steps from your back door. Homes with this combination of updates, location, and park-side living are hard to find. Don't miss your chance to own this exceptional property where comfort, convenience, and outdoor adventure come together! Schedule your showing today before it's gone!
For sale
$395,000
261 Meadow Valley Rd, Lexington, KY 40511
4beds
1,950sqft
Single Family Residence
Built in 1998
9,016 Square Feet Lot
$383,300 Zestimate®
$203/sqft
$10/mo HOA
What's special
- 9 hours |
- 194 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Shannon Foster 859-433-6706,
Building The Bluegrass Realty
Source: Imagine MLS,MLS#: 26013080
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Full Bath
- Level: First
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Bedroom 3
- Level: First
Bathroom 1
- Description: Full Bath
- Level: First
Bathroom 2
- Description: Full Bath
- Level: First
Dining room
- Level: First
Foyer
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Utility room
- Level: First
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Eat-in Kitchen, Walk-In Closet(s), Ceiling Fan(s)
- Flooring: Vinyl
- Windows: Screens
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas Log, Great Room
Interior area
- Total structure area: 1,950
- Total interior livable area: 1,950 sqft
- Finished area above ground: 1,950
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Garage spaces: 2
Features
- Levels: One
- Fencing: Partial,Privacy,Wood
- Has view: Yes
- View description: Trees/Woods, Other
Lot
- Size: 9,016 Square Feet
- Features: Many Trees
Details
- Parcel number: 19985580
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Slab
- Roof: Dimensional Style,Shingle
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Features: Park, Tennis Court(s)
- Subdivision: Masterson Station
HOA
- Has HOA: Yes
- Amenities included: None
- Services included: Other
- HOA fee: $120 annually
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $212,300
- Annual tax amount: $2,625
- Date on market: 6/6/2026
Estimated market value
$383,300
$364,000 - $402,000
$2,260/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Listed for sale | $395,000+125.7%$203/sqft |
Source:  Imagine MLS #26013080 Report a problem | ||
| 2/28/2006 | Sold | $175,000+9%$90/sqft |
Source: Agent Provided Report a problem | ||
| 1/2/2003 | Sold | $160,500+8.5%$82/sqft |
Source:  Imagine MLS #209017 Report a problem | ||
| 12/11/1998 | Sold | $147,871$76/sqft |
Source: Imagine MLS #9809127 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,625 | $212,300 |
| 2023 | $2,625 -3.2% | $212,300 |
| 2022 | $2,712 | $212,300 |
| 2021 | $2,712 +21.3% | $212,300 +21.3% |
| 2020 | $2,235 | $175,000 |
| 2019 | $2,235 | $175,000 |
| 2018 | $2,235 +4.9% | $175,000 |
| 2017 | $2,130 +8.8% | $175,000 |
| 2015 | $1,958 | $175,000 |
| 2014 | $1,958 | $175,000 |
| 2012 | $1,958 | $175,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $175,000 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Masterson
Nearby schools
GreatSchools rating
- 8/10Sandersville Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10Leestown Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Bryan Station High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Sandersville
- Middle: Leestown
- High: Bryan Station
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Kentucky
- Fayette County
- Lexington
- 40511
- Masterson
- 261 Meadow Valley Rd
Nearby cities
Nearby neighborhoods
- Blueberry Hill-Brigadoon-Stoneybrook-Baralto Real estate
- Cardinal Hill-Pine Meadow Real estate
- Central Downtown Real estate
- Duncan Park Real estate
- Gardenside-Colony Real estate
- Indian Hills-Stonewall Estates-Monticello Real estate
- Kenawood-Rockwood-Hi-Acres-Deep Spring Real estate
- Reservoir Real estate
- Southland-Deerfield-Open Gates Real estate
- University of Kentucky Real estate
Nearby zip codes
Other Lexington Topics
