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514 W Short St #101, Lexington, KY, 40508

2beds
3baths
3,154sqft
$795,000
$252price/sqft
$5,885/moest. monthly cost
$235,400/yrincome needed

About This Home

One of the finest Condo's in the heart of downtown is capturing the eclectic vibe of the urban area with abundance of living & entertaining spaces just steps from Rupp Arena, the new Gatton Park, Fine Dining and much more! This beautifully updated residence offers inviting covered front entry with remote phantom screen, fabulous custom Chef's Kitchen, living room with soaring ceiling, built-ins w/ fireplace, 1st level Primary suite with laundry, walk in closet and luxury bathroom, half bath and large pantry, the second level offers home office, full custom bath, bedroom w/ loft and storage space, the lower level offers a paneled den with exceptional wine cellar and versatile spaces for storage, craft room & utility area. The large shared rear deck offers optimum space for morning coffee, evening cocktails & grilling. Adjacent climate-controlled garage with reserved space and additional guest parking makes this a desirable location. Don't miss this special opportunity.

Getting Around

94
WalkingWalker's Paradise
0
TransitVery Limited Transit
78
BikeVery Bikeable

Schools

5/10
5/10
10/10
Lafayette High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Stone
  • Roof: Metal
  • Construction materials: HardiPlank Type,Stone

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Disposal,Dishwasher,Gas Range,Microwave,Refrigerator,Washer,Range,Self Cleaning Oven
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Interior Entry

Bathroom1

  • Level: Second

Bathroom2

  • Level: First

Bedroom1

  • Level: Second

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Lower

Den

  • Level: Second

Features

  • Eat-in Kitchen,Walk-In Closet(s),Ceiling Fan(s)
  • Window features: Insulated Windows,Blinds
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Factory Built,Living Room
  • Fireplace: Yes
  • Finished area below ground: 1,210
  • Finished area above ground: 1,944

Heating & Cooling

  • Heating features: Heat Pump,Zoned
  • Cooling features: Electric,Heat Pump,Zoned

Interior Area

  • Total structure area: 3,154
  • Total interior livable area: 3,154 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Level: First

Master Bedroom

  • Level: First

Office

  • Level: Second

Other

  • Level: Lower

Recreation Room

  • Level: Lower

Property

Details

  • Parcel number: 38214520

Features

  • Levels: One and One Half
  • Fencing: Other

Lot

  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Garage Door Opener,Off Street,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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 WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

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 $4,019$48,228
Home Insurance *$785$9,420
Property Taxes $832$9,984
Electricity $249$2,988
Total$5,885$70,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$201,771/yr
40% on housing$176,550/yr
45% on housing$156,933/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

$252This listing

vs Other Active Listings

Avg $/sqft

ZIP 40508$139
Fayette County$245

vs Homes Sold Last Month

Median $/sqft

ZIP 40508$135
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
2026-02-27Listed for sale$830,000
2026-02-26Listing removed$840,000
2025-09-25Listed for sale$840,000
2023-07-28Sold$762,500
2023-06-04Contingent$849,000
2023-04-27Price change$849,000
2022-11-03Listed for sale$899,000
2018-06-11Sold$380,000
2012-11-30Sold$380,000
2012-06-20Listed for sale$399,000
2007-08-30Sold$437,500

For Sale by Agent

AgentJ. Richard Queen
BrokerageTurf Town Properties

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