Spectacular River Front property! This Amazing Cedar Home is located as the highest point in Madison County! This sprawling 57 acres is centrally located between Lexington 20 minutes ,Richmond & Winchester,10 minutes. The river frontage consist of 1/3 mile with an overlook, 8-9 acres is flat pasture land on the river, with your own shooting range.Among many attributes of this farm there is also a covered bridge on property along with fruit trees and many other species of trees. You'll also love the outdoor shower once you've been out mowing,hiking or shooting.This home has spectacular views of the scenic surroundings of farm land,ponds & the river,while sitting on your deck.The house is with complete Geo-thermal heat and an awesome wood stove,top of the line, so you could be off grid'' however, it is a fully efficient home. This is truly a unique property, a must see! call today
Single-familyProperty Type
2003Year Built
57 acresLot Size
$200Est. Price/Sq.Ft.
2 spacesParking
Listed by Kathy Martin• CENTURY 21 Progressive
Bought with Pam Murphy• Keller Williams Commonwealth
River front home on 57 acres...this 1 1/2 story cedar sided home sits on one of the highest points in Madison County with stunning views from every direction. Centrally located between Lexington, Richmond and Winchester this property has 1/3 mile of river frontage with new overlook, 8-9 acres of flat pasture on river, grape arbors are ready for new plantings, covered bridge, geo thermal HVAC, this is truly a unique property. Wired for outdoor hot tub and indoor sauna.
ImagineMLS #1403928
Mar 15, 2014
Listing Removed
—
Mar 11, 2014
Listed
$429,000
$92/sq ft
ImagineMLS #1102605
Oct 31, 2013
Listing Removed
—
Feb 10, 2011
Listed
$399,900
$85/sq ft
ImagineMLS #1102609
Oct 31, 2013
Listing Removed
—
Feb 10, 2011
Listed
$399,900
$85/sq ft
ImagineMLS #402451
Oct 22, 2004
Sold
$323,000
$69/sq ft
Jul 21, 2004
Listing Removed
—
Feb 22, 2004
Listed
$340,000
$73/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,583 (−1.6%)
2024
$3,641 (+75.0%)
2012
$2,081
$133,000 + $190,000
$323,000
Tax history for 539 Phelps Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,583 (−1.6%)
2024
$3,641 (+75.0%)
2012
$2,081
$133,000 + $190,000
$323,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Interior Features: Breakfast Bar, Entrance Foyer, Walk-In Closet(s), Ceiling Fan(s)
Appliances: Disposal, Dishwasher, Refrigerator, Range
Flooring: Carpet, Hardwood, Tile
Window Features: Insulated Windows
Room Information
Rooms (Total): 8
Basement: Concrete, Finished, Full
Fireplace: Yes
Exterior
Exterior Features
Roof: Dimensional Style, Shingle
Construction Materials: Wood Siding
Lot Information
Lot Size Square Feet: 2,482,922.28
Lot Size Acres: 57
Water Source: Public
On Waterfront: No
Property Information
Levels: One and One Half
Building Information
Building Area Total: 4,688
Utilities
Utility Information
Sewer: Septic Tank
Utilities: Electricity Connected
Location
School Information
Elementary School: Daniel Boone
Middle Or Junior School: Madison Mid
High School: Madison Central
High School District: Madison County - 8
Location Information
County Or Parish: Madison
Directions: I-75 South, Exit 95,left on Boonesboro Rd go 1/2 miles to RT on 3377 turn Right go 3 miles at the dead end turn Left on Rt.388 go 2 1/4 miles,Right on Stoney Run, 1 1/2 miles to Phelps Rd, left on Phelps, home will be on your Right .
Subdivision Name: Rural
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 57.02 acres
Style: Ranch
Year Built: —
Year Renovated: —
County: Madison County
APN: 0077-0000-0001-I
Home facts updated by county records on Sep 2, 2026
Around this home
Schools
Glenn R Marshall Elementary School
Public 1-5 • Assigned • 7.8mi
6/10
B. Michael Caudill Middle School
Public 6-8 • Assigned • 7.7mi
8/10
Madison Central High School
Public 9-12 • Assigned • 8.9mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 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
Richmond, KY • 40475
Average low and high temperatures (°F)
38
20
49
29
65
41
72
50
73
55
83
65
89
69
85
62
81
57
71
46
57
39
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
8.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$891,000 – $1.08M
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