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500 Laketower Dr Unit 23, Lexington, KY, 40502

4beds
3baths
1,983sqft
$349,900
$176price/sqft
$2,423/moest. monthly cost
$96,920/yrincome needed

About This Home

Enjoy maintenance free lakeside living in 40502! This spacious 4BR/2.5 BA townhome has been completely transformed with new luxury vinyl plank flooring, gleaming quartz kitchen countertops, updated cabinets and hardware, new ceiling fans and interior lighting, new interior doors and hardware, new comfort height toilets, new vanities and new mirrors, new stair treads, a custom wood handrail and all new interior paint. This end unit is within easy walking distance of Lake Fountaine where you can kayak, paddle board, barbecue and swim in the Lakeshore Village pool! This unit is very close to parking and includes one covered space plus two exterior storage closets. This hidden gem of a community is conveniently located inside New Circle Road, is close to the University of Kentucky, downtown and Central Baptist Hospital. Visit www.lakeshorevillage.org for more information.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

9/10
7/10
Morton Middle SchoolGrades 6-81.5 mi
7/10
Henry Clay High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1976

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Contemporary
  • Property subType: Townhouse

Interior

Appliances

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

Bathroom1

  • Level: First

Bathroom3

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Breakfast Bar,Entrance Foyer,Ceiling Fan(s)
  • Door features: Storm Door(s)
  • Window features: Insulated Windows
  • Flooring: Carpet,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,983

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 1,983
  • Total interior livable area: 1,983 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Level: Second

Master Bedroom

  • Level: Second

Utility Room

  • Level: Second

Property

Details

  • Parcel number: 10278731

Features

  • Levels: Two
  • Fencing: Privacy
  • On waterfront: Yes
  • Waterbody name: Lake Fontaine

Lot

  • Lot size: 2,587 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached Carport
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

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
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
Hail
Inland Flooding
Ice Storm
Lightning
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 $1,769$21,228
Home Insurance *$106$1,272
Property Taxes $392$4,704
Electricity $156$1,879
Total$2,423$29,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,074/yr
40% on housing$72,690/yr
45% on housing$64,613/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

$176This listing

vs Other Active Listings

Avg $/sqft

ZIP 40502$241
Fayette County$246

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
2026-04-28Listed for sale$359,900
2025-06-03Sold$275,000
2025-04-24Pending sale$279,000
2025-04-03Price change$279,000
2025-03-21Listed for sale$284,900
2024-11-24Listing removed$279,000
2024-08-21Price change$300,000
2024-08-02Listed for sale$325,000
2024-07-30Listing removed--
2024-07-12Listed for sale$359,900
2020-10-16Sold$185,000
2020-08-30Pending sale$189,900
2020-08-27Price change$189,900
2020-08-21Listed for sale$195,000
2003-04-28Sold$111,950

For Sale by Agent

AgentShannon L Cornett
BrokerageGateway Realty

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