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629A Cane Ridge Rd, Paris, KY, 40361

0beds
0baths
3,243sqft
$30,000,000
$9,251price/sqft
$184,912/moest. monthly cost
$7,396,480/yrincome needed

About This Home

We are pleased to offer the highly improved portion of Adena Springs KY if you don't want to purchase the entire farm. This includes the office/stallion barn complex, 237 stalls, 21 homes, plus shop and hay/straw barns on approximately 1435 acres. Frontage on Cane Ridge and Jackstown Roads. The most highly improved horse farm on the market!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

5/10
4/10

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,243

Interior Area

  • Total structure area: 3,243
  • Total interior livable area: 3,243 sqft

Property

Details

  • Parcel number: 0450000020.00A
  • Zoning: Other
  • Horse amenities: Barn,Hay Storage

Features

  • Fencing: V-Mesh,Plank,Wire
  • Has view: Yes
  • View description: Rural,Farm
  • Topography of land: Gentle Sloping

Lot

  • Lot size: 1,420 Acres
  • Features: Gentle Sloping
  • Lot size dimensions: 0

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

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Inland Flooding
Lightning
Tornado
Winter Weather

FEMA Declared Disasters Across Kentucky Counties

Flood
Hurricane
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Tropical Storm
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 $151,696$1,820,352
Home Insurance *$18,711$224,532
Property Taxes $14,249$170,988
Electricity $256$3,073
Total$184,912$2,218,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$6,339,840/yr
40% on housing$5,547,360/yr
45% on housing$4,930,986/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: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$9,251This listing

vs Other Active Listings

Avg $/sqft

ZIP 40361$565
Bourbon County$545

vs Homes Sold Last Month

Median $/sqft

ZIP 40361$141
Bourbon County$176

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)

No zestimate history available

Price History

DateEventPrice
2025-07-18Listed for sale$33,000,000

For Sale by Agent

AgentBill Justice
BrokerageJustice Real Estate

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