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3 Casselberry Rd, Louisville, KY, 40205

4beds
7baths
13,273sqft
$2,995,000
$226price/sqft
$19,867/moest. monthly cost
$794,680/yrincome needed

About This Home

Introducing a rare opportunity to own a piece of Louisville's storied history—thoughtfully priced to provide the next owner with a substantial construction budget to complete and customize this remarkable estate to their exact vision. Set within a private, gated enclave of distinguished luxury homes in the historic Highlands district and adjacent to Cherokee Park, the Cold Spring estate stands poised for new stewards to write its next chapter. Built in 1867 by the distinguished Speed family, this historic home is nestled on 3.5 + serene, rolling acres, offering a unique blend of privacy, prestige, and proximity to one of Louisville's most cherished green spaces. The in-progress renovation presents a rare opportunity to bring a fully personalized vision to life, transforming this timeless property into a seamless blend of classic charm and contemporary luxury. The elegant main house retains many of its original features and architectural details, including 12-foot ceilings, carved wood and marble mantles, and a graceful turned staircase—all awaiting restoration to their former splendor. Expertly brought into the 21st century, the home has been outfitted with all-new electrical and plumbing systems, new Zeluck windows, a roof, insulation, state-of-the-art geothermal heating and cooling, and a complete fire sprinkler system. A striking addition on the main floor showcases a custom curved-glass curtain wall encasing a poured concrete rotunda—an exceptional space for entertaining or a tranquil solarium to bask in the surrounding natural beauty. An elevator shaft has been framed, extending from the lower level to the second floor. In total, the main house offers approximately 10,305 square feet of space on the first and second floors, with another 2,700 square feet in the lower level, presently designed for a bar, media room/theater, and living area. Outside, the estate is adorned with mature gardens, elegant ponds, fountains, and acres of tree-lined grounds. Architectural and engineering drawings are available, detailing the main house, as well as site utilities and grounds. With the most labor-intensive and infrastructure-focused phases already complete, the estate now offers an exceptional opportunity to direct resources toward the final, design-driven stages—allowing for elevated finishes, bespoke detailing, and a truly customized end result that reflects both personal taste and long-term value. Cold Spring estate presents a one-of-a-kind opportunity to carry a piece of Louisville's rich past into the future, offering private grounds in the heart of town, historic allure, and modernized infrastructure. Don't miss this chance to make the Cold Spring estate your own—schedule a private showing today and envision the possibilities.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
57
BikeBikeable

Schools

8/10
Bloom Elementary SchoolGrades K-51.6 mi
5/10
Highland Middle SchoolGrades 6-81.0 mi
8/10
Atherton High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1867

Materials

  • Foundation: Concrete Perimeter
  • Roof: Other,Metal
  • Construction materials: Stone

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Finished

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 7
  • Full bathrooms: 4
  • 1/2 bathrooms: 3

Family Room

  • Level: First

Features

  • Finished area below ground: 2,968
  • Finished area above ground: 10,305

Foyer

  • Level: First

Full Bathroom

  • Level: Second

Full Bathroom

  • Level: Basement

Great Room

  • Level: First

Half Bathroom

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Geothermal,Radiant
  • Cooling features: Central Air

Interior Area

  • Total structure area: 10,305
  • Total interior livable area: 13,273 sqft

Kitchen

  • Level: First

Laundry

  • Level: Second

Laundry

  • Level: Basement

Living Room

  • Level: First

Media Room

  • Level: Basement

Office

  • Level: Second

Primary Bedroom

  • Level: Second

Study

  • Level: First

Property

Details

  • Parcel number: 078B00430044

Features

  • Stories: 2
  • Patio & porch: Patio,Porch
  • Fencing: Privacy,Brick,Chain Link

Lot

  • Lot size: 3.50 Acres
  • Features: Irregular Lot,Cul-De-Sac,Covt/Restr,Dead End,Wooded

Parking

  • Parking features: Driveway
  • 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
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Tornado
Heat Wave
Inland Flooding

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 $15,144$181,728
Home Insurance *$1,554$18,648
Property Taxes $2,121$25,452
Electricity $1,048$12,578
Total$19,867$238,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$681,154/yr
40% on housing$596,010/yr
45% on housing$529,786/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: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 40205$208
Jefferson County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 40205$187
Jefferson County$160

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
2026-04-17Listed for sale$2,995,000

For Sale by Agent

AgentJon Mand
BrokerageLenihan Sotheby's Int'l Realty

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