Near Herrington Lake and approximately 700 feet from Sunset Marina, this completely renovated property offers over 3,100 finished square feet, an income-producing accessory dwelling unit (ADU), and the perfect blend of modern comfort and lake-area living. The extensively renovated home features 2,255 square feet above grade plus a beautifully finished 928-square-foot walkout basement, offering more than 3,100 finished square feet of living space. Renovated throughout in 2024-2025, recent improvements include a stunning new kitchen with new appliances, beautifully updated bathrooms, new flooring, drywall, plumbing, electrical, HVAC, lighting, fixtures, insulation, and more, creating a truly move-in-ready home. Situated on approximately 1.6 acres, you'll enjoy privacy, multiple decks, and plenty of outdoor space to relax, entertain, or simply enjoy the peaceful surroundings. One of the property's standout features is the 672-square-foot accessory dwelling unit (ADU) above the detached two-car garage. This income-producing apartment is currently leased and offers incredible flexibility for generating rental income, accommodating guests or extended family, creating a private home office, or providing additional living space. Whether you're searching for a full-time residence, a weekend lake retreat, or a property with built-in income potential, this home checks all the boxes. Enjoy quick access to Sunset Marina, boating, fishing, kayaking, and everything Herrington Lake has to offer while coming home to a beautifully updated property designed for today's lifestyle. Rarely do you find a home that combines extensive renovations, over 3,100 finished square feet, a finished walkout basement, an income-producing ADU, and a prime location just moments from Herrington Lake. Schedule your private showing today and experience everything this exceptional property has to offer!
Single-familyProperty Type
1984Year Built
1.6 acresLot Size
$173Price/Sq.Ft.
2 car garageParking
Listed by Dustin Haulk• 1 Percent Lists Purple Door
Listed by Christa Haulk• 1 Percent Lists Purple Door
Investment Opportunity! Property is near Herrington Lake - within walking distance to Sunset Marina & Restaurant - main house consist of 3 bedrooms, 3 baths, kitchen, mother in laws suite on lower level in main house including kitchenette area. Previously rented $1,250 a month. Additional apartment above garage consist of 1 bedroom, 1 bath, kitchen, previously rented for $550 month. Barn 30x40 with 400 amp service with concrete driveway. Property is on 2 acres +/-, Sold As Is, MUST SEE!! Barn has a tool room, storage areas and a loft over most of the building. It has a garage area for boat storage and/or tractor storage area. Property is located within walking distance to Herrington Lake. Wooded back yard provides shade and tranquility.
ImagineMLS #1716878
Jul 31, 2017
Listing Removed
—
Jul 23, 2017
Listed
$249,000
$78/sq ft
ImagineMLS #1410401
Dec 31, 2014
Listing Removed
—
May 31, 2014
Listed
$239,000
$75/sq ft
ImagineMLS #2004303
May 10, 2001
Listing Removed
—
May 8, 2000
Listed
$199,500
$63/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,882 (−0.5%)
$30,000 + $205,000
$235,000
2024
$2,896 (−2.8%)
$50,000 + $230,000
$280,000
2023
$2,980 (+50.3%)
$50,000 + $230,000
$280,000
2022
$1,982 (−2.1%)
$50,000 + $230,000
$280,000
2021
$2,025
$25,000 + $159,500
$184,500
2020
$2,026 (−0.5%)
$25,000 + $159,500
$184,500
2019
$2,036
$25,000 + $159,500
$184,500
2018
$2,036 (−5.0%)
$25,000 + $159,500
$184,500
2017
$2,142 (+2.0%)
$195,000
2016
$2,100 (+1.6%)
$195,000
2015
$2,067
$195,000
2014
$2,065
$195,000
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
2.12 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
1984
Style
Other
County
Garrard County
APN
04A-03-005
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 102° expected this year, 20 days in 30 years
3/10 Wind Factor
5% 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
Lancaster, KY • 40444
Average low and high temperatures (°F)
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64
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70
86
63
81
59
71
47
58
40
47
33
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 197 Sunset Lodge Rd
$534,716
$15K under list price of $550K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $345K to $763K.