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Lansdowne Heights Condominium Homes

Lansdowne Heights Condominium Homes

Lansdowne Heights Condominium Homes
Condominium Building
857 Malabu Dr
Lexington, KY 40502
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

54 Units
2 Stories
2007 Year Built
$131K - $228K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Neighborhood Views
  • Glendover Elementary School Rated A-
  • Balcony
  • Park
  • 24 Hour Access

Convenient living in the heart of Lansdowne

857 Malabu Drive, completed in 2007, offers a blend of comfort and accessibility in Lexington's desirable Lansdowne neighborhood. This two-story condominium complex houses 54 units, providing residents with a suburban retreat just minutes from urban conveniences. Situated behind the Lansdowne Shopping Center, the building strikes a balance between peaceful residential living and easy access to daily necessities. Its simple, functional design focuses on practicality, allowing residents to enjoy the surrounding natural beauty that has earned Lexington its reputation as the Horse Capital of the World.

Versatile layouts to suit various lifestyles

The condominium offers a range of floor plans to accommodate different needs and preferences. One-bedroom units, spanning 713 to 753 square feet with one bathroom, are priced from $158,680 to $161,532. These compact spaces are ideal for singles or couples seeking an efficient living arrangement. Two-bedroom units provide more space, ranging from 889 to 1,334 square feet with one to two bathrooms. These mid-sized options, priced around $180,000, offer a comfortable balance of space and affordability. The larger two-bedroom layouts are particularly well-suited for those who need a home office or guest room. For families or those desiring maximum space, three-bedroom units are available. These generous floor plans range from 1,287 to 1,603 square feet, featuring two to two-and-a-half bathrooms. Also priced around $180,000, these units represent excellent value for the square footage. Recent updates have enhanced the appeal of many units. Residents can enjoy modern touches such as updated stainless steel kitchen appliances, new HVAC systems (some installed as recently as 2021), and in-unit washer and dryers. Many kitchens and bathrooms boast new faucets, installed in 2022, while fresh paint and updated flooring contribute to a contemporary feel. Most units feature hardwood or luxury vinyl flooring in living areas, with cozy carpeting in bedrooms. Large living rooms in many units open onto private decks, offering views of the surrounding grassy areas and creating an indoor-outdoor living experience. Spacious primary bedrooms often include walk-in closets, adding to the overall sense of roominess. The open floor plans, common in many units, create a sense of flow and make the spaces feel even larger.

Community-focused amenities for resident enjoyment

While 857 Malabu Drive focuses on providing comfortable, well-appointed living spaces rather than extensive shared amenities, the building does offer a clubhouse for resident use. This shared space serves as a gathering point for the community, providing a venue for social interactions, meetings, or simply a change of scenery from one's private unit. The building's exterior spaces contribute to its appeal. Many units feature private decks overlooking grassy areas, offering residents a personal outdoor retreat. The property also includes green spaces, providing opportunities for outdoor relaxation and community interaction. Parking is conveniently available, with each unit allocated one parking space in the front row of the complex. This ensures residents have a dedicated spot close to their homes, a valuable feature in a suburban setting where car ownership is common. While not an amenity in the traditional sense, the building's location directly behind the Lansdowne Shopping Center is a significant benefit. This proximity allows residents to easily access a variety of shops and services on foot, enhancing the overall convenience of living at 857 Malabu Drive.

A blend of suburban tranquility and urban convenience

857 Malabu Drive is situated in the Lansdowne neighborhood, a desirable area that balances suburban comfort with urban accessibility. This location offers residents the best of both worlds: a peaceful residential setting with easy access to a wide range of amenities and services. The Lansdowne Shopping Center, just steps away from the condominium, is a hub of convenience for residents. Here, they can find a variety of dining options and essential services. The Fresh Market, an upscale grocery store known for its high-quality produce and prepared foods, is a mere five-minute walk away. For those craving a sweet treat, Baskin Robbins is equally close. Dining options in the immediate vicinity cater to various tastes and occasions. Drake's, a popular spot for casual American fare and a lively atmosphere, is within easy walking distance. For those seeking a quick meal, Arby's is also just a short five-minute walk from the complex. Lansdowne-Merrick Park, less than a mile away, offers residents a nearby green space for outdoor activities. This park features walking trails, an outdoor gym, basketball courts, and baseball/softball fields, providing ample opportunities for exercise and recreation. For those interested in golf, the Meadowbrook Golf Course and Park is just a short five-minute drive away, offering a scenic venue for a round of golf or a leisurely stroll. Educational opportunities are plentiful in the area. Glendover Elementary School, known for its strong academic program and 11:1 student-teacher ratio, is only a five-minute drive from the complex. Morton Middle School, highly rated and just a five-minute drive away, provides quality education for older students. The neighborhood's convenient location extends to shopping as well. In addition to the nearby Lansdowne Shopping Center, residents are just a short drive from larger retail destinations. The Fayette Mall, a hub for shopping and dining, is approximately 2.5 miles away. Here, shoppers can find major department stores like Macy's and Dillard's, as well as a wide array of specialty retailers. For those seeking cultural experiences, the Arboretum State Botanical Garden of Kentucky is about a five-minute drive away. This 100-acre garden, maintained by the University of Kentucky, offers a beautiful space to explore the Commonwealth's diverse ecosystems. The proximity to major healthcare facilities is another advantage of the location. Baptist Health Lexington, a major medical center, is just a short drive away, ensuring residents have quick access to quality healthcare services when needed.

Strategic location with multiple transportation options

857 Malabu Drive's location offers residents a variety of transportation options, catering to different preferences and needs. While the area is somewhat walkable, with some errands possible on foot, most residents find having a car beneficial for daily life. For those who rely on public transportation, the Tates Creek & Lansdowne Shoppes bus stop is conveniently located just a five-minute walk from the complex. This stop serves the Tates Creek Road line, providing access to other parts of Lexington. The condominium's location near major roads enhances its accessibility. New Circle Road/KY-4, Lexington's major beltway, is easily reachable, connecting residents to various parts of the city. Tates Creek Road and Nicholasville Road, two significant thoroughfares, are also nearby, offering direct routes to downtown Lexington and other key areas. For those who need to travel further afield, Blue Grass Airport is approximately 11 miles away, or about a 20-minute drive. This proximity makes air travel relatively convenient for residents. While the area's bike score suggests it's somewhat bikeable, with some bike infrastructure, many residents may find driving more practical for most trips. However, the nearby parks and residential streets can provide pleasant routes for recreational cycling. The complex's provision of one dedicated parking space per unit in the front row is a significant convenience for car owners, ensuring easy access to their vehicles. Downtown Lexington is about 5 miles north of the neighborhood, making it accessible for work commutes or leisure activities. The strategic location of 857 Malabu Drive allows residents to enjoy suburban living while maintaining easy access to the city's core and its surrounding areas.

Building Details

Recreation

  • Private Pool
  • Park

Amenities

  • Neighborhood Views
  • 24 Hour Access

Parking

  • Off-Street Parking

Condo Association

  • $349 Monthly HOA Fees
  • Association fees include common area maintenance, management, trash collection, snow removal, sewer, water
  • Lansdowne Heights Subdivision

Unit Features

  • Balcony

Activity

Views

18

Unit Information

Unit
Date
05/29/2025
Beds
3 Beds
Baths
2 Baths
Sq Ft
1,334
Price
$230,000
Price / Sq Ft
$172 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
713 - 753
Est. Values
$130,956 - $177,045
2 Bedroom Units
Sq Ft Range
889 - 1,334
Est. Values
$130,956 - $215,581
3 Bedroom Units
Sq Ft Range
1,287 - 1,603
Est. Values
$130,956 - $228,451
All Units
Sq Ft Range
713 - 1,603
Est. Values
$130,956 - $228,451

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Somewhat Bikeable

Bike Score®

44 / 100

Somewhat Walkable

Walk Score®

58 / 100

Minimal Transit

Transit Score®

24 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

72 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$103K - $190K
Range of Taxes in Building
$1,120 - $2,068
Range of Taxes per Sq Ft
$1.05 - $1.84

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.