4.5-Acre R-4 Residential Development Opportunity — Prospect, Kentucky Approximately 4.5 acres with approximately 584 feet of frontage and preliminary potential for an upscale single-family residential community of approximately 18-21 homes, subject to final survey, engineering, utility verification and Louisville Metro approval. Located in the Prospect/Wolf Pen Branch area with public water, natural gas and electricity available and existing access easement. The site offers an opportunity to create a boutique residential community featuring premium homes, landscaped common areas and a carefully planned neighborhood environment.
Lot/land
$3,500,000
5222 Cherry Valley Rd, Prospect, KY 40059
--beds
--baths
4.5Acres
Residential Land
Built in ----
4.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Existing access easement
- 257 days
- 114
- 3
Zillow last checked:
Listing updated:
Listed by:
Lanay Washington,
Infinite Homes Realty
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1706422
Facts & features
Property
Lot
- Size: 4.5 Acres
- Dimensions: 0.7764 AC +/-, E OF CHERRY VALLEY RD
- Features: See Remarks, Add Land Available, Easements, Survey Available
Details
- Parcel number: 21000601600000
- Zoning description: Residential
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Natural Gas Connected, Electricity Connected, Other
Community & HOA
Community
- Subdivision: Wolf Pen
HOA
- Has HOA: No
Location
- Region: Prospect
Financial & listing details
- Tax assessed value: $280,950
- Annual tax amount: $2,587
- Date on market: 1/7/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/7/2026 | Listed for sale | $3,500,000+1445.4% |
Source:  Metro Search Inc. LLC DBA Apex MLS #1706422 Report a problem | ||
| 7/2/2018 | Sold | $226,480 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,587 -3.1% | $280,950 |
| 2024 | $2,670 -1.7% | $280,950 |
| 2023 | $2,717 -2.8% | $280,950 |
| 2022 | $2,794 +19.7% | $280,950 +24.1% |
| 2021 | $2,334 +8.3% | $226,480 |
| 2020 | $2,156 | $226,480 |
| 2019 | $2,156 -14.3% | $226,480 |
| 2018 | $2,515 | $226,480 |
| 2017 | $2,515 +5.8% | $226,480 -4.7% |
| 2013 | $2,377 | $237,670 |
| 2011 | $2,377 | $237,670 |
| 2010 | $2,377 | $237,670 |
| 2009 | $2,377 | $237,670 +5.9% |
| 2007 | -- | $224,460 |
| 2006 | -- | $224,460 |
| 2005 | -- | $224,460 |
| 2004 | -- | $224,460 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 40059
Similar homes
- $2,850,00061.4 acres6296A Sunset Cir, Crestwood, KY 40014Lot/Land
MLS ID #1720406, Steve K Hall, Homepage Realty. Metro Search Inc. LLC DBA Apex MLS - $3,400,00027.24 acresCoomer Way, Charlestown, IN 47111Lot/Land
MLS ID #202605370, Jason Wade, Covet Realty. SIRA - $1,900,00039.34 acres4413 Hopewell Rd, Louisville, KY 40299Lot/Land
MLS ID #1716971, Stephanie Kertis, Kentucky Select Properties. Metro Search Inc. LLC DBA Apex MLS - $3,000,00091.2 acres2333 Antioch Rd, Shelbyville, KY 40065Lot/Land
MLS ID #1716190, Shane Courtney, Coldwell Banker Larry Rogers. Metro Search Inc. LLC DBA Apex MLS - $1,953,00070 acres0 Clark Station Rd, Fisherville, KY 40023Lot/LandMLS ID #1706071, The Breland Team, The Breland Group. Metro Search Inc. LLC DBA Apex MLS
- $2,199,90088.7 acres88 Cheltenham Rd, Finchville, KY 40022Lot/LandMLS ID #1721646, Jason H Whisman, Weichert Realtors-H. Barry Smith Co.. Metro Search Inc. LLC DBA Apex MLS
- $1,995,50084.49 acres0 Thurman Rd, Louisville, KY 40299Lot/LandMLS ID #1706069, The Breland Team, The Breland Group. Metro Search Inc. LLC DBA Apex MLS
