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For sale
  • $1,300,000

    2385 State Highway 801 N, Morehead, KY 40351

    3beds
    2,472sqft
    : 
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    Single Family Residence
    Built in 1969
    18.74 Acres Lot
    $1,185,100 Zestimate®
    $526/sqft
    $-- HOA

    What's special

    Fire pitPrivate wooded setting
    Positioned for both immediate income and long-term growth, Shady Pines Inn (name does not convey) offers a rare opportunity to own a fully furnished, turnkey short-term rental situated on 18.742 surveyed acres in a prime commercial corridor between Interstate 64 and Cave Run Lake, just 0.7 mile from Exit 133, providing exceptional accessibility while maintaining a private, wooded setting that guests consistently seek. Currently operating as a successful vacation rental, the home is ready for continued Airbnb or short-term rental use, featuring 3 bedrooms, 1.5 baths, a comfortable living area and a large eat in kitchen designed for guest convenience. A walkout basement could be finished into another STR or expand the current one with a fireplace already plumbed for propane offering additional potential living or recreational space should you choose to utilize it. Outdoor amenities enhance the guest experience and drive repeat bookings, including a spacious deck overlooking the woods, a private pond with catch-and-release fishing, a fire pit, and a walking trail winding through the property, all just minutes from Morehead and Cave Run Lake. So much opportunity for expansion or development in an extremely high traffic corridor. With its strategic location, established rental appeal and significant acreage in a high-visibility area, this property presents a unique blend of lifestyle investment and commercial opportunity. Pre-approval letter or proof of funds must be provided to the listing agent prior to confirming any showing appointment and as this property is an active short-term rental, showing availability may be limited and occasional scheduling delays should be expected, so please allow flexibility when coordinating showings.
    83 days
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    178
    |
    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Shannon V Malone 606-462-0159,

    HomeLand Real Estate Inc

    Source: Imagine MLS,MLS#: 26008806MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      Bedroom 2
      • Level: First
      Bedroom 3
      • Level: First
      Bathroom 1
      • Level: First
      Bathroom 2
      • Level: First
      Kitchen
      • Level: First
      Living room
      • Level: First
      Heating
      • Electric, Heat Pump
      Cooling
      • Central Air, Electric
      Features
      • Flooring: Carpet, Vinyl
      • Basement: Interior Entry,Walk-Out Access,Walk-Up Access
      • Has fireplace: No
      Interior area
      • Total structure area: 2,472
      • Total interior livable area: 2,472 sqft
      • Finished area above ground: 1,236
      • Finished area below ground: 1,236

      Property

      Parking
      • Parking features: Driveway, Off Street
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Has view: Yes
      • View description: Trees/Woods, Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 18.74 Acres
      • Features: Wooded, Many Trees
      Details
      • Additional structures: Barn(s), Shed(s)
      • Parcel number: 01300 00 006.00
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick Veneer
      • Foundation: Block, Slab
      • Roof: Metal
      Condition
      • Year built: 1969

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Rural
      HOA
      • Has HOA: No
      Location
      • Region: Morehead

      Financial & listing details

      • Price per square foot: $526/sqft
      • Tax assessed value: $188,450
      • Annual tax amount: $984
      • Date on market: 4/23/2026

        Estimated market value

        $1,185,100

        $1.13M - $1.24M

        $1,553/mo

        Price history

        DateEventPrice
        4/23/2026Listed for sale$1,300,000-13.3%$526/sqft
        Source: Imagine MLS #26008806 Report a problem
        4/15/2026Listing removed$1,500,000$607/sqft
        Source: Imagine MLS #25007611 Report a problem
        4/16/2025Listed for sale$1,500,000$607/sqft
        Source: Imagine MLS #25007617 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$984 +0.1%$115,268
        2023$982 -1.4%$115,268
        2022$996 -2.5%$115,268
        2021$1,022 -1.8%$115,268 -38.8%
        2020$1,040 -1.1%$188,450 -6%
        2019$1,051 +49%$200,450 +6.4%
        2018$706 +29.2%$188,450
        2017$546 $188,450 +63.5%
        2016$546 $115,268 +16.9%
        2014$546 $98,568
        2013$546 $98,568
        2012-- $98,568
        2011-- $98,568
        2010-- $98,568
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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: 40351

        Getting around

        2 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Rowan Co
        • 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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