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!
For sale
Price cut: $38K (9/30)
$675,000
5060 Paynes Mill Rd, Lexington, KY 40510
2beds
1,564sqft
Single Family Residence
Built in 2000
10.07 Acres Lot
$633,300 Zestimate®
$432/sqft
$-- HOA
What's special
- 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#: 26026167
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
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Price change | $675,000-5.3%$432/sqft |
Source: | ||
| 9/22/2026 | Listed for sale | $713,000+184%$456/sqft |
Source: | ||
| 3/4/2013 | Sold | $251,100$161/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 40510
Nearby schools
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.





