Indian Mound Farm, located on the corner of Russell Cave Road and Old Lemons Mill is one of the most iconic properties in Central Kentucky. The soils, the views and the history are simply legendary. This property includes over 9100 feet of manicured road frontage and is enclosed by excellent diamond mesh fencing throughout. While the farm is currently designed with over 9 large fields and 5 smaller paddocks for the raising and finishing of top-quality cattle, the possibilities for conversion to an equine nursery are tremendous. The land and soils are excellent, consisting entirely of federally rated Prime Farmland. Other amenities include 2 large feed barns, a barn dedicated to the working of cattle complete with individual pens, cattle chute with scales, an office and two bedroom apartment, 2 equipment storage barns, a large concrete pad and retention for compost operations and 2 nearly new 3 bedroom/2 bath employee residences. Indian Mound Farm represents spectacular opportunity for the future.
For sale
Price cut: $1M (4/17)
$9,500,000
5335 Russell Cave Rd, Lexington, KY 40511
3beds
2,500sqft
Est.:
Farm
Built in 2016
420 Acres Lot
$8,584,700 Zestimate®
$3,800/sqft
$-- HOA
What's special
- 151 days |
- 1,057 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Tom Biederman 859-277-2030,
Biederman Real Estate
Source: Imagine MLS,MLS#: 25506877
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
Kitchen
- Level: First
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Carpet
- Has basement: No
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
- Finished area above ground: 2,500
- Finished area below ground: 0
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: One and One Half
- Fencing: V-Mesh,Plank
- Has view: Yes
- View description: Rural, Farm
Lot
- Size: 420 Acres
- Features: Level, Gentle Sloping
- Topography: Gentle Sloping, Level
Details
- Additional structures: Barn(s)
- Parcel number: 25448400
- Zoning: AR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Farm
Condition
- Year built: 2016
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: Rural
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $3,800/sqft
- Tax assessed value: $3,666,300
- Annual tax amount: $16,109
- Date on market: 11/25/2025
Estimated market value
$8,584,700
$8.16M - $9.01M
$2,580/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Price change | $9,500,000-9.5%$3,800/sqft |
Source: | ||
| 11/25/2025 | Listed for sale | $10,500,000+75%$4,200/sqft |
Source: | ||
| 12/21/2012 | Sold | $6,000,000$2,400/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $16,109 +64.9% | $3,666,300 -42.9% |
| 2022 | $9,767 | $6,420,000 |
| 2021 | $9,767 | $6,420,000 |
| 2020 | $9,767 | $6,420,000 |
| 2019 | $9,767 | $6,420,000 |
| 2018 | $9,767 +5.7% | $6,420,000 +625.8% |
| 2017 | $9,236 +139.6% | $884,600 +116.8% |
| 2015 | $3,854 | $408,100 +0.1% |
| 2014 | $3,854 | $407,600 -89.9% |
| 2012 | $3,854 | $4,016,200 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $417,900 |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$55,641/mo
Principal & interest
$48991
Property taxes
$6650
More affordability tools
Climate risks
Neighborhood: 40511
Nearby schools
GreatSchools rating
- 3/10Russell Cave Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 2/10Winburn Middle SchoolGrades: 6-8Distance: 5.7 mi
- 3/10Bryan Station High SchoolGrades: 9-12Distance: 6.5 mi
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
- 5335 Russell Cave Rd
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