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For sale
  • Price increase: $17.5K (12/16)
    $273,500

    2850 Lower Licking Rd, Morehead, KY 40351

    3beds
    2,100sqft
    : 
    Single Family Residence
    Built in 2009
    19.87 Acres Lot
    $264,700 Zestimate®
    $130/sqft
    $-- HOA

    What's special

    Well-maintained homeFlexible layout
    Welcome to 2850 Lower Licking Road—a rare Morehead property that offers space, versatility, and nearly 20 acres of pure Kentucky beauty just minutes from Cave Run Lake. This 2,100 sq. ft. home is the perfect blend of comfort and opportunity. Whether you're looking for a private homestead, a multi-family setup, or an investment with serious income potential, this property checks every box.  Property Highlights 2,100 sq. ft. of living space with a flexible layout Could be easily converted into a duplex—live on one side and rent the other 19.87 acres of scenic land offering privacy and room to grow Two oversized carports perfect for vehicles, equipment, boats, campers, or outdoor storage Just minutes from Cave Run Lake, Morehead State University, and downtown Morehead Ideal for outdoor enthusiasts, investors, or anyone seeking space and serenity  Why This Property Stands Out Opportunities like this don't come often. Nearly 20 acres, a well-maintained home, massive parking/storage, and the potential to create dual living units make this an exceptional find. Whether you're envisioning rental income, a family compound, or a peaceful retreat close to the lake—this property delivers.  Location, Location, Location Morehead continues to grow, and properties with acreage near Cave Run Lake are in high demand. Enjoy fishing, boating, hiking, and the natural beauty of Eastern Kentucky—all just a short drive away.
    20 days
    |
    2,173
    |
    156
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: December 16, 2025 at 10:12am

    Listed by:

    Dustin Pennington 606-548-0340,

    Keller Williams Legacy Group

    Source: Imagine MLS,MLS#: 25508002MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    Bedroom 2
    • Level: First
    Bedroom 3
    • Level: Second
    Bathroom 1
    • Level: First
    Bathroom 2
    • Level: Second
    Bonus room
    • Level: First
    Family room
    • Description: Family room is upstairs and has hookups for a stove and has sink/cabinets for a kitchen.
    • Level: Second
    Kitchen
    • Level: First
    Living room
    • Level: First
    Utility room
    • Level: First
    Heating
    • Electric
    Cooling
    • Electric
    Features
    • Flooring: Hardwood
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,100
    • Total interior livable area: 2,100 sqft
    • Finished area above ground: 2,100
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 8
    • Parking features: Detached Carport
    • Carport spaces: 8
    Features
    • Levels: Two
    Lot
    • Size: 19.87 Acres
    Details
    • Parcel number: 0070000021.02
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Metal Siding
    • Foundation: Block
    • Roof: Metal
    Condition
    • Year built: 2009

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Rural
    HOA
    • Has HOA: No
    Location
    • Region: Morehead

    Financial & listing details

    • Price per square foot: $130/sqft
    • Tax assessed value: $135,230
    • Annual tax amount: $554
    • Date on market: 12/16/2025
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    Estimated market value

    $264,700

    $251,000 - $278,000

    $1,667/mo

    Price history

    Price history
    DateEventPrice
    12/16/2025Price change$273,500+6.8%$130/sqft
    Source: Imagine MLS #25508002 Report a problem
    8/13/2025Listed for sale$256,000$122/sqft
    Source: Imagine MLS #25017848 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2022$554 -2.5%$104,613
    2021$568 +174.6%$104,613 +12.7%
    2020$207 -3.7%$92,830

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $1,536/mo
    Principal & interest
    $1315
    Property taxes
    $125
    Home insurance
    $96

      Climate risks

      Neighborhood: 40351

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: McBrayer
      • 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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