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For sale by owner
  • Price cut: $15K (10/26)
    $175,000

    228 Lofty Heights Rd, Clay City, KY 40312

    4beds
    1,700sqft
    : 
    $1,182/mo
    Get pre-qualified
    SingleFamily
    Built in 1950
    20 Acres Lot
    $-- Zestimate®
    $103/sqft
    $-- HOA

    What's special

    Very secluded and peaceful
    Last Chance (PLZ Read) Only minutes from the breathtaken Red River Gorge. For 1 more month we are offering a great deal on this property to an investor, fix/flip comp., or a forever home for someone. It has huge potential and investment opportunities. It is 20 Acres, No Restrictions, No Neighbors, and none of it is a flood zone. It has easy interstate access for commuting. It is only 15 mins from Winchester or Mt Sterling, and only 20 mins from Lexington and Richmond. It gives you that country off grid living with amenities within walking distance. Stores, restaurants, grocery stores, hardware stores and the schools are only 3 mins away as well. It is very secluded & peaceful. Down a long driveway nestled by beautiful forest wildlife and all that nature has to offer is a cute 1700sf country fixer upper house. It was a 4/1 but was extremely outdated so we gutted it down to the studs. We installed all new floor joists and subflooring throughout. 3/4 of the Subflooring still needs to be glued/nailed down. It's laid down for buyers to view. Then you can remodel it with your very own floor plan or expansion. Next to the house is a 800sf cabin that is all brand new and near completion. We had estimates to finish them both, before we decided to sell. The cabin quote was 10-15k and could be completed in 30 days, the house was 50-60k and around 3 months. The profit margins is great. It has a large space in front of the house where we grew a garden that can be fenced in for animals or used for building. Behind the house is a large space for building as well. It has a large space at the entrance where my wife had a green house and sold produce where you can use it for whatever. There is a secondary dirt road that leads up and throughout the property where it's flat with a million dollar view and where you can build rental cabins. It has mature timber that can be logged for money, milled to build with or to sell the lumber. The property has a brand new sawmill and over 15k worth of brand new already purchased materials. We are offering it all. The 20 acres, house, cabin, and all the materials for only $175,000 for 1 month only, until we take it down. You can't beat this deal. We have put our plans off for too long and ready to go now that our kids are grown and moved out. There is huge potential here and endless investment opportunities. Quick or Generational Wealth to be made here. We are looking for a quick cash sale at this price. 1 month only, then it'll be taken down.
    What the owner loves about this home
    Beautiful views, it's not a flood zone, it's only 15 minutes from the beautiful Red River Gorge, plenty of road frontage, no neighbors, it's a nature lovers paradise, there is wildlife everywhere, and it is ready for a buyer to make it their very own, how ever they want it. The biggest thing I love about the property is, once you arrive there, it immediately feels so peaceful, relaxing, and like home.
    155 days
    3,096
    218
    Listed by:

    Property Owner (859) 749-5087

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Other, Wood / Pellet
      Cooling
      • Other, Wall
      Features
      • Flooring: Other
      • Basement: None
      Interior area
      • Total interior livable area: 1,700 sqft

      Property

      Parking
      • Parking features: Carport, Garage
      Features
      • Exterior features: Vinyl
      • Has view: Yes
      • View description: Mountain
      Lot
      • Size: 20 Acres
      Details
      • Parcel number: 08P000008901

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1950

      Community & HOA

      Location
      • Region: Clay City

      Financial & listing details

      • Price per square foot: $103/sqft
      • Tax assessed value: $52,767
      • Date on market: 6/7/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,537/mo

        Price history

        DateEventPrice
        10/26/2026Price change$175,000-7.9%$103/sqft
        Source: Owner Report a problem
        7/15/2026Price change$190,000-13.6%$112/sqft
        Source: Owner Report a problem
        6/7/2026Listed for sale$220,000-12%$129/sqft
        Source: Owner Report a problem
        5/12/2026Listing removed$249,900$147/sqft
        Source: Imagine MLS #25018728 Report a problem
        12/30/2025Price change$249,900-7.4%$147/sqft
        Source: Imagine MLS #25018728 Report a problem
        8/22/2025Listed for sale$269,900$159/sqft
        Source: Imagine MLS #25018728 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $52,767
        2024$478 $52,767
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 40312

        Getting around

        25 / 100
        Car-Dependent
        9 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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