Overview
KLNB Capital Markets, in partnership with NAI Isaac, is pleased to offer for sale a prime residential development opportunity in the heart of Versailles, Kentucky. This 41.3-acre property is less than a mile from historic downtown Versailles and offers a rare chance to create a large-scale single-family community in a high-demand market.
The site has R-1A and R-1B zoning, which allow for the development of single-family detached homes by right. Preliminary plat approval has been secured for 97 spacious lots, each averaging 14,500 square feet. Offers are expected at final plat approval, which can be completed by either the seller or purchaser.
Located within the Lexington metropolitan area, Versailles is known for its excellent schools, strong housing demand, and high quality of life. With limited housing inventory and a growing professional population, this property presents an exceptional opportunity for development.
Investment Highlights
Versailles, KY – Just outside of Lexington in Woodford County, the demand for new single-family homes has been particularly strong, fueled by:
- Scenic Living with Easy Commutes – Versailles offers the charm of Kentucky’s Bluegrass region with rolling horse farms and rural beauty while maintaining convenient access to both Lexington and Frankfort.
- High Barriers to Entry – Limited availability of lots given the selective approval process.
- Proven Residential Demand – Despite limited supply, new master-planned developments and custom-built homes are attracting buyers seeking a balance between suburban tranquility and urban accessibility.
- Strong Public Schools – Woodford County’s high-ranking school system continues to be a major draw for families moving to the area.
- Housing Affordability & Value – Compared to larger metro areas, homebuyers in Versailles can secure larger lots and high-quality new construction at competitive price points.
Property Highlights
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