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558 Central Ave, Lexington, KY, 40502

5beds
5baths
4,559sqft
$1,600,000
$351price/sqft
$10,464/moest. monthly cost
$418,560/yrincome needed

About This Home

Discover exceptional craftsmanship and thoughtful design throughout this stunning townhome. The welcoming main level features a gracious entry, a dining room complete with a fireplace and custom built-ins, and a private home office with its own full bathroom. The chef-inspired kitchen showcases designer finishes, exposed wood beams and a spacious island, flowing seamlessly through a butler's pantry into the fireplace-warmed family room. A convenient half bath, an enclosed breezeway leading to a private courtyard, and an oversized two-car garage complete this level. Upstairs, the luxurious primary suite awaits with a generous walk-in closet and a spa-like bathroom boasting heated floors and a steam shower. Two additional bedrooms, a full bathroom, and a dedicated laundry room round out the second floor, while the third level offers two more bedrooms and an additional full bath — ideal for family or guests. The lower level adds even more living space with a versatile recreation room, perfect as a media room or entertainment retreat. This exceptional home is loaded with premium amenities, including a fully owned solar panel system, tankless water heaters, central vacuum, two gas vent-free fireplaces, a security system, an irrigation system, and abundant storage throughout. NO HOA FEE!

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
92
BikeBiker's Paradise

Schools

9/10
5/10
Lexington Middle SchoolGrades 6-80.9 mi
7/10
Henry Clay High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1980

Materials

  • Foundation: Block
  • Roof: Flat,Rubber,Dimensional Style,Shingle
  • Construction materials: Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range,Microwave,Refrigerator
  • Laundry features: Electric Dryer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Sump Pump

Bathroom2

  • Level: First

Bathroom3

  • Level: First

Bathroom3

  • Level: Second

Bathroom5

  • Level: Third

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Third

Bedroom5

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Bonus Room

  • Level: First

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Central Vacuum,Entrance Foyer,Eat-in Kitchen,Walk-In Closet(s)
  • Window features: Insulated Windows,Blinds
  • Flooring: Carpet,Ceramic Tile,Hardwood,Tile
  • Number of fireplaces: 2
  • Fireplace features: Dining Room,Family Room,Gas Log,Gas Starter,Masonry,Ventless
  • Fireplace: Yes
  • Finished area below ground: 676
  • Finished area above ground: 3,883

Foyer

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Solar
  • Cooling features: Central Air,Electric,Zoned

Interior Area

  • Total structure area: 4,559
  • Total interior livable area: 4,559 sqft

Kitchen

  • Level: First

Master Bathroom

  • Level: Second

Master Bedroom

  • Level: Second

Office

  • Level: First

Recreation Room

  • Level: Lower

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 11376903
  • Other equipment: Irrigation Equipment

Features

  • Levels: Three Or More
  • Fencing: Other

Lot

  • Lot size: 4,739 sqft
  • Features: Landscaped

Parking

  • Total spaces: 2
  • Parking features: Attached Garage,Garage Door Opener,Off Street,Garage Faces Rear
  • 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

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

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

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 $8,090$97,080
Home Insurance *$486$5,832
Property Taxes $1,528$18,336
Electricity $360$4,320
Total$10,464$125,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$358,765/yr
40% on housing$313,920/yr
45% on housing$279,040/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

$351This listing

vs Other Active Listings

Avg $/sqft

ZIP 40502$238
Fayette County$245

vs Homes Sold Last Month

Median $/sqft

ZIP 40502$271
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
2026-07-20Listed for sale$1,600,000
2026-07-17Listing removed$1,690,000
2026-06-10Listed for sale$1,690,000
2026-03-26Sold$1,500,000
2026-03-26Pending sale$1,595,000
2026-02-10Contingent$1,595,000
2026-01-02Listed for sale$1,595,000
2017-12-27Sold$450,000
2017-12-27Pending sale$569,000
2017-11-17Price change$569,000
2017-09-08Price change$574,000
2017-07-14Listed for sale$599,000
2017-05-26Listing removed$649,000
2017-03-20Price change$649,000
2016-12-05Listed for sale$669,000
1998-02-09Sold$332,000

For Sale by Agent

AgentWhitney Pannell
BrokerageTeam Pannell Real Estate

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