A beautiful farmhouse that was extremely outdated, so, we did the hard work and gutted it down to the studs. We are currently installing all new floor joists and subflooring throughout. This property has NO Restrictions, so you can finish it with your very own floor plan remodeling or expansion. Next to the house is a 800sf cabin that is all brand new and around 90% complete. The property has all utilities , septic, and is spring fed, so you will never have a water bill. You can tie into the city a few hundred feet away if you wanted to. That's an easy option. It's very peaceful with no close neighbors and it is not a flood zone. This property has never, ever flooded and will never flood. It has plenty of road frontage and investment opportunities. It was lived in last in 2019. There is a secondary road that leads up and throughout the property where it's flat and you can build a ton of rental cabins, glamping sites, tree house rentals, hiking trails etc., or you can build a beautiful barndominum with a million dollar view. . There is also huge timber throughout that the property that can be logged. It's a peaceful, beautiful property and a nature lovers dream when every plant life you can think of for herbal medicine and wildlife that come right down to your door step, every morning and evenings. For hunters this is a dream. It has huge, mature whitetail dear and record bucks that have never been hunted. I have fed and grew plots for them and as you see in the pictures, they are huge. This property is great for land banking, Air BNB, glamping sites, hiking trails, rental cabins, a rental, or turn it into your very own OASIS or retirement home. It is also great to turn into a family compound and trust, for generations to enjoy.The great thing with this property is it is ready for you to make it your own. It is only 15 minutes from the beautiful tourist destination Red River Gorge. You can easily tap into that income. It has great schools, and is a respectful, down to earth community that's beginning to grow. It is 15 minutes from Winchester, 15 minutes from Mt. Sterling, Richmond, 35 minutes from Morehead, and 30 minutes from Lexington. Snatch this beautiful property up today and make it your dream home. Owner is willing to negotiate the price for a quick cash sale. All serious offers will be considered.
There is a brand new sawmill that cuts up to 36'x38 logs that is an option to keep at the property, for those who want to harvest logs from the property and then mill them to build with or to sell lumber, depending on the offer.
For sale by owner
$220,000
228 Lofty Heights Rd, Clay City, KY 40312
4beds
1,700sqft
SingleFamily
Built in 1950
20 Acres Lot
$-- Zestimate®
$129/sqft
$-- HOA
What's special
Plenty of road frontage
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.
- 18 days |
- 1,093 |
- 58 |
Listed by:
Property Owner (859) 749-5087
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: $129/sqft
- Tax assessed value: $52,767
- Annual tax amount: $478
- Date on market: 6/7/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,350/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2026 | Listed for sale | $220,000-12%$129/sqft |
Source: Owner Report a problem | ||
| 5/12/2026 | Listing removed | $249,900$147/sqft |
Source: | ||
| 12/30/2025 | Price change | $249,900-7.4%$147/sqft |
Source: | ||
| 8/22/2025 | Listed for sale | $269,900$159/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $478 | $52,767 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 40312
Nearby schools
GreatSchools rating
- 3/10Clay City Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Powell County Middle SchoolGrades: 6-8Distance: 4.2 mi
- 4/10Powell County High SchoolGrades: 9-12Distance: 4.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Kentucky
- Powell County
- Clay City
- 40312
- 228 Lofty Heights Rd




