1035 Peggy Flats Road, Berea, KY 40403
Fincastle · Madison County
Key Facts
Description
Drone photography will be added Tuesday (weather permitting) Exceptional Residential Development Opportunity - Fincastle Subdivision Phase II | Berea, Kentucky Build the next chapter of one of Berea's established neighborhoods. This 26± acre development opportunity offers the rare chance to create Phase II of Fincastle Subdivision, expanding a well-established community while contributing to the continued growth and beauty of Berea, Kentucky. With the groundwork of an existing neighborhood already in place, this property provides the perfect blank canvas for a developer or builder with vision. Design a thoughtfully planned community that complements the surrounding homes while meeting the demand for quality housing in one of Central Kentucky's most desirable small cities. Not looking to develop? Keep it for yourself and family to have plenty of building site options. Located within the Berea city limits, the property offers the convenience of city sewer, water, and electric utilities, along with excellent accessibility, helping streamline the development process. Future homeowners will appreciate being just minutes from many of Berea's most loved destinations, including: Berea College Berea Community Schools The Berea College Forest and the renowned Pinnacles hiking trails Berea's scenic walking and biking trails Historic Artisan Village and College Square Kentucky Artisan Center Boone Tavern Hotel & Restaurant I-75 for convenient travel to Richmond, Lexington, and beyond Known as the Folk Arts & Crafts Capital of Kentucky, Berea offers a unique combination of small-town charm, outdoor recreation, a vibrant arts community, and an outstanding quality of life. Residents enjoy miles of hiking and biking opportunities, beautiful mountain views, local shops and restaurants, and year-round community events. Whether your vision includes a boutique neighborhood, custom homes, or a signature residential community, Fincastle Subdivision Phase II presents an exceptional opportunity to leave a lasting mark on one of Kentucky's fastest-growing and most desirable communities.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
26.00 acres
Zoning
B-1
MLS® Listing#
26017898
Property Features
Lot Features
Utilities
Financial Details
Parcel Number
006000000033A
Directions
Exit 77 in Berea. Turn onto Peggy Flats Rd. Subdivision will be on the left.
Affordability Calculator
$139,980
Estimated monthly payment
$3,725/mo
Principal $559,920 · Est. interest $781,138 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Berea, KY
- $303,371
- Median Listing Price
- 48
- Median Days on Market
- 1,687
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 131% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Berea, KY.
Location
Points of Interest in Berea, KY
Showing the Berea area map.
Nearby Schools
Farristown Middle School
Secondary · 1.2 mi away
Shannon Johnson Elementary School
Elementary · 2.0 mi away
Foley Middle School
Secondary · 2.2 mi away
MSHS Eagles
School · 2.2 mi away
Madison Southern High School
Secondary · 2.2 mi away
Berea Community Elementary School
Elementary · 2.4 mi away
Berea Community High School
Secondary · 2.4 mi away
Holding Hands Montessori School
Elementary · 2.8 mi away
New Opportunity School
Secondary · 3.0 mi away
Silver Creek Elementary School
Elementary · 3.0 mi away
The Woodworking School at Pine Croft
School · 4.9 mi away
Kingston Elementary School
Elementary · 5.3 mi away
Kirksville Elementary School
Elementary · 5.4 mi away
Model Laboratory School
School · 8.3 mi away
Paint Lick Elementary School
Elementary · 8.5 mi away
Clark Moores Middle School
Secondary · 8.8 mi away
Richmond Montessori School
Elementary · 8.9 mi away
Mayfield Elementary School
Elementary · 9.1 mi away
Madison County Schools
School · 9.5 mi away
Madison Middle School
Secondary · 9.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 9999 Peggy Flats Road, Berea, KY | $499,000 | — | — | — |
| 1509 Chardonnay Way, Berea, KY | $499,900 | 4 | 3 | 2,170 |
| 280 Pine Valley Road, Berea, KY | $499,900 | 4 | 3 | 3,223 |
| 4153 Copper Creek Road, Berea, KY | $515,000 | 6 | 4 | 5,189 |
| 181 Central Park Avenue, Berea, KY | $519,900 | 5 | 3 | 3,255 |
| 750 Mount Vernon Road, Berea, KY | $550,000 | 7 | 3 | 2,922 |
Moving Cost Estimate
EXIT Agents in Berea
Listing Courtesy: RE/MAX Elite Realty - 8594087922
Last Updated: 2026-07-12