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40 Ridge Rd, Lancaster, KY, 40444

3beds
2baths
1,802sqft
$549,900
$305price/sqft
$3,554/moest. monthly cost
$142,160/yrincome needed

About This Home

Rare opportunity to own a custom-built barndominium and shop on 4.38 acres just under five minutes from Sunset Marina on Herrington Lake--perfectly blending luxury living, functionality, and income-producing potential. Built by highly regarded builder Lee Yount, this thoughtfully designed 3-bedroom, 2-bath home showcases quality craftsmanship and modern innovation throughout. The open-concept layout is enhanced by smart home features including a central data hub to power smart lighting, motorized blinds, Cat 6 wiring, and conduit installed throughout for future flexibility. You'll appreciate the quality of every detail, including solid core doors. This all electric home is efficient, with 12 inch steel walls that are fully insulated. The kitchen and primary bathroom are beautifully appointed with premium lifetime warranty cabinetry featuring double-tier drawers, lighted lazy Susan, and upgraded storage solutions. Quartz countertops, marble tile backsplashes. Enjoy cooking on the high-end induction stove with air fryer oven. These upgrades make the home as functional as it is stylish. Covered porches at the front and rear of home provide ample areas to relax, grill out, and enjoy country living. The impressive 1500sft shop is a standout feature with 16ft high walls, offering two oversized 14' x 14' doors with screens on either end, heated & cooled, and a convenient half bath. The shop has 6' reinforced concrete floor with epoxy coating. With approximately 24,000 cubic feet of space and the ability to add a second story, it's ideal for business use, storage, or future expansion. Both the home and shop are solid steel structures, built for durability and efficiency. Power is no issue here, with 400 amp service to the home and an additional 400 amp service to the shop--perfect for heavy equipment, business operations, or hobbyists. RV pad next to shop, gives you room to store all your equipment or recreation vehicles. Both buildings are situated on one lot, but two additional lots are included, this property is zoned commercial, opening the door to endless possibilities--whether you envision a business, rental income, workshop, or a live/work setup near the lake. Properties with this level of quality, versatility, and proximity to Herrington Lake are incredibly hard to find.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

5/10
Garrard Middle SchoolGrades 6-810.1 mi
8/10
Garrard County High SchoolGrades 9-1211.7 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Metal Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Refrigerator,Washer,Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bedroom2

  • Level: First

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s)
  • Window features: Insulated Windows,Blinds,Screens
  • Flooring: Carpet
  • Finished area below ground: 0
  • Finished area above ground: 1,802

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,802
  • Total interior livable area: 1,802 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Second

Other

  • Level: Second

Utility Room

  • Level: First

Property

Details

  • Parcel number: 0402.06

Features

  • Levels: One and One Half
  • Horses can be raised: Yes

Lot

  • Lot size: 4.38 Acres

Parking

  • Total spaces: 4
  • Parking features: Detached Garage,Driveway
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • 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

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Tornado
Winter Weather
Cold Wave
Hail
Inland Flooding
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 $2,780$33,360
Home Insurance *$350$4,200
Property Taxes $270$3,240
Electricity $154$1,850
Total$3,554$42,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,851/yr
40% on housing$106,620/yr
45% on housing$94,773/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$305This listing

vs Other Active Listings

Avg $/sqft

ZIP 40444$143
Garrard County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 40444
Garrard County$153

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
2026-05-07Price change$560,000
2026-04-04Listed for sale$570,000

For Sale by Agent

AgentPaige M Wilson
BrokerageThe Brokerage

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