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.
For sale
Price increase: $17.5K (12/16)
$273,500
2850 Lower Licking Rd, Morehead, KY 40351
3beds
2,100sqft
Est.:
Single Family Residence
Built in 2009
19.87 Acres Lot
$264,700 Zestimate®
$130/sqft
$-- HOA
What's special
Well-maintained homeFlexible layout
- 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#: 25508002
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
Estimated market value
$264,700
$251,000 - $278,000
$1,667/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2025 | Price change | $273,500+6.8%$130/sqft |
Source: | ||
| 8/13/2025 | Listed for sale | $256,000$122/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 6/10Mcbrayer Elementary SchoolGrades: K-5Distance: 7.4 mi
- 4/10Rowan County Middle SchoolGrades: 6-8Distance: 7.4 mi
- 7/10Rowan County Senior High SchoolGrades: 9-12Distance: 7.3 mi
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.
- Loading
- Loading




