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857 Malabu Dr APT 4002, Lexington, KY, 40502

2beds
2baths
1,287sqft
$215,000
$167price/sqft
$1,502/moest. monthly cost
$60,080/yrincome needed

About This Home

Move-in ready! This beautifully updated condo at 857 Malabu Drive Unit 4002 offers 2 bedrooms plus a bonus room with full closet and 2 full bathrooms in a desirable Lexington location. Enjoy brand new luxury vinyl flooring throughout, freshly painted, and new appliances (microwave is not new). Washer and dryer included. The open-concept, living and kitchen area are perfect for everyday living and entertaining, flowing seamlessly to a patio for outdoor relaxation. Thoughtful updates make this home feel fresh, modern, and low-maintenance. Conveniently located just behind Lansdowne Shopping Center and minutes from the University of Kentucky, shopping, dining, and more. An excellent opportunity for homeowners or investors alike, this one is a must-see!

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

8/10
7/10
Morton Middle SchoolGrades 6-82.2 mi
7/10
Henry Clay High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Block,Slab
  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bathroom1

  • Level: Lower

Bathroom2

  • Level: Lower

Bedroom2

  • Level: Lower

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Lower

Features

  • Walk-In Closet(s),Ceiling Fan(s)
  • Window features: Blinds
  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 1,287

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,287
  • Total interior livable area: 1,287 sqft

Kitchen

  • Level: Lower

Living Room

  • Level: Lower

Master Bedroom

  • Level: Lower

Property

Details

  • Parcel number: 38204570

Features

  • Levels: One
  • Fencing: None
  • Has view: Yes
  • View description: Neighborhood

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 $1,087$13,044
Home Insurance *$65$780
Property Taxes $196$2,352
Electricity $154$1,850
Total$1,502$18,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,497/yr
40% on housing$45,060/yr
45% on housing$40,053/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

$167This listing

vs Other Active Listings

Avg $/sqft

ZIP 40502$242
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
2026-06-02Price change$215,000
2026-01-19Listed for sale$220,000
2007-05-21Sold$140,675

For Sale by Agent

AgentElizabeth L Herrington
BrokerageBluegrass Sotheby's International Realty

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