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2156 Palomar Trace Dr, Lexington, KY, 40513

4beds
4baths
3,543sqft
$779,000
$220price/sqft
$5,244/moest. monthly cost
$209,760/yrincome needed

About This Home

Walk to Palomar Centre dining, unwind in your own private outdoor retreat, and enjoy low-traffic cul-de-sac living in one of Lexington's most convenient locations. This move-in ready 4-bedroom home offers the perfect blend of modern updates, functional space, and lifestyle-driven design. Inside, you'll find an open-concept layout with a beautifully appointed kitchen featuring stainless steel appliances, gas range, paintable thin brick backsplash, and seamless flow into the main living and dining areas—ideal for both everyday living and entertaining. Upstairs, the spacious primary suite includes dual walk-in closets and a well-appointed ensuite bath, while additional bedrooms and a flexible loft space provide room for work, play, or guests. The finished walkout basement adds even more versatility with a large living area, kitchenette, and full bath—perfect for hosting, hobbies, or extended stays. Where this home truly shines is outdoors.Thoughtfully designed over the years, the backyard features multiple living spaces including a deck, lower-level patio, and a custom under-deck retreat with pavers and stone—creating a private, layered outdoor experience. A dedicated firepit area and raised garden beds complete this inviting setting, ideal for relaxing evenings or entertaining year-round. Located between Harrods Hill and Palomar Hills and zoned for Rosa Parks, Beaumont, and Dunbar, this home offers a rare combination of privacy and convenience—just minutes from Keeneland Race Course and Blue Grass Airport, as well as shopping, dining, and everyday essentials.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

8/10
8/10
Beaumont Middle SchoolGrades 6-81.7 mi

Construction

Condition

  • Year built: 2018

Materials

  • Foundation: Slab
  • Roof: Dimensional Style
  • Construction materials: Brick Veneer,HardiPlank Type,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Dishwasher,Gas Range,Microwave,Other,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup,Upper Level

Basement

  • Has basement: Yes
  • Basement: Bath/Stubbed,Finished,Partially Finished,Walk-Out Access,Walk-Up Access

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bathroom3

  • Level: Second

Bathroom4

  • Level: Lower

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Features

  • Breakfast Bar,Entrance Foyer,Eat-in Kitchen,Wet Bar,Walk-In Closet(s),Ceiling Fan(s),Soaking Tub
  • Window features: Blinds
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas Log
  • Fireplace: Yes
  • Finished area below ground: 1,036
  • Finished area above ground: 2,507

Foyer

  • Level: First

Heating & Cooling

  • Heating features: Electric,Dual Fuel
  • Cooling features: Electric

Interior Area

  • Total structure area: 3,543
  • Total interior livable area: 3,543 sqft

Kitchen

  • Level: First

Kitchen

  • Level: Lower

Living Room

  • Level: First

Living Room

  • Level: Lower

Master Bedroom

  • Level: Second

Other

  • Level: Second

Utility Room

  • Level: First

Property

Details

  • Parcel number: 38259660

Features

  • Levels: Two
  • Exterior features: Fire Pit,Garden
  • Fencing: None

Lot

  • Lot size: 5,270 sqft
  • Features: Landscaped,Few Trees

Parking

  • Total spaces: 2
  • Parking features: Attached Garage,Driveway,Garage Door Opener,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather
Hail
Heat Wave
Ice Storm

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,939$47,268
Home Insurance *$304$3,648
Property Taxes $722$8,664
Electricity $279$3,357
Total$5,244$62,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$179,794/yr
40% on housing$157,320/yr
45% on housing$139,840/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$220This listing

vs Other Active Listings

Avg $/sqft

ZIP 40513$623
Fayette County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 40513$177
Fayette County$186

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-24Listed for sale$809,900
2019-01-17Sold$500,000
2017-09-27Sold$137,500

For Sale by Agent

AgentLauren Ball
BrokerageDeborah Ball Realty

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