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For sale
  • Price cut: $38K (9/30)
    $675,000

    5060 Paynes Mill Rd, Lexington, KY 40510

    2beds
    1,564sqft
    : 
    $4,630/mo
    Get pre-qualified
    Single Family Residence
    Built in 2000
    10.07 Acres Lot
    $633,300 Zestimate®
    $432/sqft
    $-- HOA

    What's special

    A Piece of Tranquility in the Heart of Horse Country Welcome to your own piece of tranquility! Tucked away on 10+ acres in Fayette County, this unique property is located approximately one mile behind Keeneland as the crow flies, offering the privacy and peacefulness of country living while being just minutes from some of Lexington's most convenient amenities. The location is hard to beat — approximately 3.5 miles to Keeneland and 4.5 miles to Blue Grass Airport, with the property also sitting conveniently close to the Woodford County line. The property features a 1,564-square-foot log home that has already been started on its renovation journey. Currently offering 2 bedrooms and 2 bathrooms, the home's unique construction creates endless possibilities. With the load-bearing walls located around the exterior, the interior layout can be reimagined to create a floor plan that fits your lifestyle. And there's even more space waiting below! The home features a walkout, unfinished basement with approximately the same amount of space as the main level, giving you the potential to nearly double your finished living area. The possibilities are endless with a 1000' driveway, there will be piece of mind without worrying about kids/pets safety. Add a little fencing and create your own hobby or horse farm, transform the property into a unique short-term rental near Keeneland and the airport, or finish the home into your own private country retreat. Imagine starting your mornings with a cup of coffee while watching the sunrise, or winding down your evenings while enjoying beautiful Kentucky sunsets — all while being just minutes from Lexington. Properties with this combination of acreage, location, privacy, and potential don't come along often. Schedule your private showing today and come see the possibilities for yourself!
    9 days
    1,480
    108

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Wayne Sewell 859-229-1718,

    The Agency

    Source: Imagine MLS,MLS#: 26026167MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      Bedroom 1
      • Level: First
      Bathroom 2
      • Level: First
      Kitchen
      • Level: First
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Wood
      • Basement: Walk-Out Access
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 1,564
      • Total interior livable area: 1,564 sqft
      • Finished area above ground: 1,564
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Detached Garage, Garage Faces Front, Workshop
      • Garage spaces: 4
      Features
      • Has view: Yes
      • View description: Rural, Trees/Woods, Farm
      Lot
      • Size: 10.07 Acres
      • Features: Many Trees
      Details
      • Parcel number: 19975060
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence
      Materials
      • Log
      • Foundation: Concrete Perimeter, Slab
      • Roof: Metal
      Condition
      • Year built: 2000

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Water Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Lexington

      Financial & listing details

      • Price per square foot: $432/sqft
      • Tax assessed value: $390,200
      • Annual tax amount: $1,705
      • Date on market: 9/22/2026

        Estimated market value

        $633,300

        $602,000 - $665,000

        Not available

        Price history

        DateEventPrice
        9/30/2026Price change$675,000-5.3%$432/sqft
        Source: Imagine MLS #26026167 Report a problem
        9/22/2026Listed for sale$713,000+184%$456/sqft
        Source: Imagine MLS #26026167 Report a problem
        3/4/2013Sold$251,100$161/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,705 $390,200
        2024$1,705 $390,200
        2023$1,705 +36.5%$390,200 +50.9%
        2022$1,250 $258,600
        2021$1,250 $258,600
        2020$1,250 $258,600
        2019$1,250 $258,600
        2018$1,250 +5.7%$258,600 +128.4%
        2017$1,182 +18.6%$113,200 +0.3%
        2015$997 $112,900 +7.1%
        2014$997 $105,400 -58%
        2012$997 $251,100
        2011-- --
        2010-- --
        2009-- --
        2008-- $105,400
        2004-- --
        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: 40510

        Getting around

        0 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Meadowthorpe
        • Middle: Leestown
        • High: Dunbar

        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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