Drone photography will be added Tuesday (weather permitting) Exceptional Residential Development Opportunity - Fincastle Subdivision Phase II | Berea, Kentucky Build the next chapter of one of Berea's established neighborhoods. This 26± acre development opportunity offers the rare chance to create Phase II of Fincastle Subdivision, expanding a well-established community while contributing to the continued growth and beauty of Berea, Kentucky. With the groundwork of an existing neighborhood already in place, this property provides the perfect blank canvas for a developer or builder with vision. Design a thoughtfully planned community that complements the surrounding homes while meeting the demand for quality housing in one of Central Kentucky's most desirable small cities. Not looking to develop? Keep it for yourself and family to have plenty of building site options. Located within the Berea city limits, the property offers the convenience of city sewer, water, and electric utilities, along with excellent accessibility, helping streamline the development process. Future homeowners will appreciate being just minutes from many of Berea's most loved destinations, including: Berea College Berea Community Schools The Berea College Forest and the renowned Pinnacles hiking trails Berea's scenic walking and biking trails Historic Artisan Village and College Square Kentucky Artisan Center Boone Tavern Hotel & Restaurant I-75 for convenient travel to Richmond, Lexington, and beyond Known as the Folk Arts & Crafts Capital of Kentucky, Berea offers a unique combination of small-town charm, outdoor recreation, a vibrant arts community, and an outstanding quality of life. Residents enjoy miles of hiking and biking opportunities, beautiful mountain views, local shops and restaurants, and year-round community events. Whether your vision includes a boutique neighborhood, custom homes, or a signature residential community, Fincastle Subdivision Phase II presents an exceptional opportunity to leave a lasting mark on one of Kentucky's fastest-growing and most desirable communities.
Vacant landProperty Type
26 acresLot Size
$26,919Price/Acres
Listed by Tina Neal• RE/MAX Elite Realty
Listed by Tina Neal Home Team - Tina Neal• RE/MAX Elite Realty
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Madison County
APN
006000000033A
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Last updated by owner on Jul 14, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
4% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Berea, KY • 40403
Average low and high temperatures (°F)
38
22
49
30
65
42
72
51
74
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84
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88
70
85
63
82
57
71
47
58
41
47
33
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Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in Berea. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1035 Peggy Flats Rd
$626,531
$73K under list price of $700K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $254K to $575K.