331 S Mill Street Lexington KY 40508 (House For Sale) | MLS 25503977
Frequently Asked Questions
Are house prices dropping in Lexington?
The house prices in Lexington are indeed dropping at the moment. There has been a decrease in price of $307,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
What is the housing market like in Lexington at this time?
The housing market and house prices in Lexington are going down. The average house price is $442,450.00 and the average price per square feet is $264.07 per square foot. At the moment, there are 13 homes listed - 4 active, 3 pending, and 6 sold in Lexington.
What is the most popular place to buy a house in Lexington?
The most popular place to buy a home in Lexington is 13-Indiana. 13-Indiana has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Lexington?
The average amount of property taxes you would have to pay for a home in Lexington is $1,372.00. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Lexington being sold?
Properties in Lexington stay on the market for an average of 72 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
How often are houses listed for sale in Lexington?
The last home listed in Lexington was 1851 minutes ago.
Can you visit houses in Lexington?
Currently, there are 0 open houses available for viewing in Lexington.
What is the most expensive house in Lexington?
The cost of the most expensive home in Lexington is $1,200,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Lexington?
The cost of the cheapest home in Lexington is $279,900.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Lexington?
The oldest home in Lexington was built in 1914, and the newest in 2014.
How big are the homes in Lexington?
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The average property size in Lexington is 2163 sq.ft., the largest being 3646 sq.ft., and the smallest being 1372 sq.ft.
Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source:
Public
Abv. Grnd. Sq. Ft.:
3, 722
Total Sq. Ft.:
3, 722
Sq. Ft. Source:
Assessor
Directions:
Heading South On S Mill, Cross Over High Street And House Is On Your Right, Driveway Is To The Left Of The Home, Parking In Rear
Interior Features
Ceiling Fan(S), Eat In Kitchen, Entrance Foyer, Walk In Closet(S), Wet Bar
Appliances
Dishwasher, Gas Range, Microwave, Oven, Range, Refrigerator
Cool
Ceiling Fan(S), Central Air, Electric, Heat Pump
Heat
Forced Air, Natural Gas
Total Rooms
15 Rooms
Schools
High School:
Lafayette
Middle School:
Morton
Elementary School:
Ashland
Tax and Financial Info
Quick View
Address:
331 S Mill Street Lexington KY 40508
Status:
Active
On Site:
261 Days On Site
Price:
$950, 000
Bedrooms:
5 Beds
Bathrooms:
3 Full Baths, 1 Half Baths
Sq. Feet:
3, 722
Year Built:
1812
Lot Size:
0.14
County:
Fayette
MLS #:
25503977
Property Type:
Single Family Residence
Exterior Type
Hardi Plank Type, Solid Masonry
Community Information
Area:
Description
Step into a remarkable piece of Lexington's history with this exquisitely restored Federalist-style residence located in the Historic South Hill Neighborhood, part of the James Lemon Rowhouses, built in 1812 and proudly listed on the National Register of Historic Places. This home was originally owned by James Lemon, a native of Ireland, Revolutionary War veteran who was very entrepreneurial, he was a tailor, brick yard owner, and farmer who settled in Fayette County in the early 1800s. In 1825, Lemon hosted the famed Marquis de Lafayette in this very home during his celebrated visit to Lexington—forever tying this residence to the city's historic fabric. While deeply rooted in heritage, the home's recent transformation by Greystone Construction brings it gracefully into the modern era. The chef's kitchen features custom cabinetry, quartz countertops, top-of-the-line appliances, and premium finishes, blending the warmth of history with contemporary sophistication. Both bathrooms have been completely redesigned—the primary suite now includes a custom walk-in tile shower, luxurious soaking tub, designer vanities, and a private laundry room conveniently attached. The guest bath offers its own custom walk-in shower, high-end fixtures, and elegant detailing that echo the home's refined aesthetic. The primary ensuite serves as a luxurious retreat with a coffee and champagne bar, comfortable sitting area, and thoughtful modern touches, including an automated recessed television and motorized window shades—a seamless blend of indulgence and innovation. With two laundry areas and a well-designed layout, the home effortlessly balances historic charm with modern functionality. Enjoy Lexington's beautiful seasons from the covered porches on both the first and second levels, perfect for relaxing mornings or entertaining evenings. Located just steps from downtown's premier restaurants, shops, and cultural destinations, this extraordinary property represents the best of both worlds—a rare fusion of historical prestige and modern luxury in one of Lexington's most storied neighborhoods.
Source: LBAR as distributed by MLS GRID, MLS ID: 25503977
Listing provided courtesy of Taylor Martin with Keller Williams Bluegrass Realty
Last Updated: 4/27/2026 | 8:55 PM
Home Details
Status: Active
Price: $950,000
Address: 331 S Mill Street, Lexington, KY 40508
Bedrooms: 5
Bathrooms: 4
Square Feet: 3,722
261 days on Site
Property Type: Residential
Built in 1812
261 days on Site
0.14 Lot Size
Cooling: Ceiling Fan(S), Central Air, Electric, Heat Pump
Step into a remarkable piece of Lexington's history with this exquisitely restored Federalist-style residence located in the Historic South Hill Neighborhood, part of the James Lemon Rowhouses, built in 1812 and proudly listed on the National Register of Historic Places. This home was originally owned by James Lemon, a native of Ireland, ...
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Source: LBAR as distributed by MLS GRID, MLS ID: 25503977
Listing provided courtesy of Taylor Martin with Keller Williams Bluegrass Realty
Historic South Hill offers a diverse housing mix including spacious apartment buildings, townhomes, duplexes, and single detached residences, providing multiple options for residents. The neighborhood is well-connected by an extensive network of bus lines, making public transit an efficient choice for getting around. Comprehensive bicycling infrastructure promotes easy and safe trips by bicycle throughout this area. Numerous grocery stores and a variety of restaurants and cafes are conveniently located nearby, catering to everyday needs and dining preferences. Educational facilities such as primary and high schools are easily accessible, contributing to the neighborhood’s well-rounded community. A vibrant atmosphere with lively nightlife options adds to its appeal for many.
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