What an opportunity as few properties in the Bluegrass carry Castleton Farm's pedigree. Established in 1793, this storied land has been shaped by generations of Kentucky's great horsemen — from a U.S. Senator's original breeding operation to the Castleman family's 1840 Greek Revival mansion, which still stands as a landmark of the farm today. Over two centuries, Castleton bred and stood champions across three breeds — Thoroughbreds, Standardbreds, and Saddlebreds — cementing its place among the Bluegrass's most storied nurseries. Today, the farm spans 951 acres and offers an unmatched scale of infrastructure: 16 barns ranging from intimate 4-stall setups to a substantial 30-stall facility, totaling 268 stalls. Ten homes across the property — including several managers' houses — provide ample accommodation for staff, making Castleton as functional as it is historic. This is more than a horse farm; it's a self-sufficient equine operation with two centuries of pedigree behind it, offered for the first time in 25 years to a new steward.
For sale
$57,500,000
2469 Iron Works Pike, Lexington, KY 40511
7beds
13,500sqft
Farm
Built in 1840
951.68 Acres Lot
$-- Zestimate®
$4,259/sqft
$-- HOA
What's special
Ample accommodation for staff
- 38 days
- 9,734
- 770
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ken J Donworth 859-983-9933,
Bluegrass Sotheby's International Realty
Source: Imagine MLS,MLS#: 26021823
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Kitchen
- Level: First
Living room
- Level: First
Heating
- Forced Air
Cooling
- Electric
Features
- Entrance Foyer, Other
- Flooring: Carpet, Hardwood, Marble, Other, Tile
- Has basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 13,500
- Total interior livable area: 13,500 sqft
- Finished area above ground: 13,500
- Finished area below ground: 0
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Pool features: In Ground
- Fencing: Plank,Stone
- Has view: Yes
- View description: Farm
Lot
- Size: 951.68 Acres
- Features: Level
- Topography: Level
Details
- Additional structures: Barn(s), Stable(s)
- Parcel number: 38308430
- Zoning: AR
- Horse amenities: Trailer Storage, Barn, Boarding Facilities, Hay Storage, Paddocks, Pasture, Round Pen, Stable(s), Tack Room, Horse Walker
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Condition
- Year built: 1840
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Water Connected, Propane
Community & HOA
Community
- Security: Security System Owned
- Subdivision: Rural
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $4,259/sqft
- Tax assessed value: $1,244,700
- Annual tax amount: $5,232
- Date on market: 8/12/2026
Estimated market value
Not available
Estimated sales range
Not available
$5,439/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $57,500,000+310.7%$4,259/sqft |
Source:  Imagine MLS #26021823 Report a problem | ||
| 10/2/2001 | Sold | $14,000,000$1,037/sqft |
Source:  Imagine MLS #2008295 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,232 -95.5% | $1,244,700 -92% |
| 2024 | $116,217 | $15,630,900 |
| 2023 | $116,217 +30.6% | $15,630,900 -23.2% |
| 2022 | $88,981 | $20,357,000 |
| 2021 | $88,981 | $20,357,000 |
| 2020 | $88,981 | $20,357,000 |
| 2019 | $88,981 | $20,357,000 |
| 2018 | $88,981 +5.7% | $20,357,000 +152.6% |
| 2017 | $84,145 +12.1% | $8,059,100 +1.5% |
| 2015 | $75,072 | $7,938,800 0% |
| 2014 | $75,072 | $7,939,100 -61% |
| 2012 | $75,072 | $20,357,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $8,136,400 |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
