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For sale
  • $273,500

    2850 Lower Licking Rd, Morehead, KY 40351

    3beds
    2,100sqft
    : 
    Single Family Residence
    Built in 2009
    19.87 Acres Lot
    $260,900 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.
    124 days
    |
    2,269
    |
    135
    |

    Zillow last checked:

    Listing updated:

    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: $497
      • Date on market: 12/16/2025
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        Estimated market value

        $260,900

        $248,000 - $274,000

        $1,664/mo

        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

        YearProperty taxesTax assessment
        2023$497 -10.4%$104,613
        2022$554 -2.5%$104,613
        2021$568 +174.6%$104,613 +12.7%
        2020$207 -3.7%$92,830
        2019$215 -6.3%$92,830 +0.4%
        2018$229 -6%$92,500
        2017$244 $92,500 +47.2%
        2016$244 $62,830
        2014$244 $62,830
        2013$244 $62,830
        2012-- $62,830
        2011-- $62,830
        2010-- $62,830

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $1,446/mo
        Principal & interest
        $1321
        Property taxes
        $125
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          Climate risks

          Neighborhood: 40351

          Getting around

          0 / 100
          Car-Dependent
          4 / 100
          Somewhat Bikeable

          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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