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Gratz Park Home for Sale

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    $434,900

    • 2 Beds
    • 2 Baths
    • 1,727 Sq Ft

    200 W Second St Unit 300, Lexington, KY 40507

    Rare opportunity to own a two-story penthouse in a prime downtown location - just steps from Rupp Arena, Transylvania University, Gratz Park, the Opera House, and a variety of local dining and entertainment options. This open-concept loft features exposed brick, hardwood floors, and a striking spiral staircase. Large windows flood the space with natural light. The first-floor bedroom includes a

    Emily Miller Bluegrass Sotheby's International Realty

    200 W Second St Unit 300, Lexington, KY 40507

Why Live in Gratz Park

Gratz Park is a historic district in downtown Lexington, offering preserved 19th-century architecture and a city park. Bordered by Transylvania University and downtown Lexington, the neighborhood provides a quiet, historical ambiance while remaining close to Lexington's city center. Residents enjoy easy access to attractions like Rupp Arena and The Lexington Opera House, as well as historic sites such as the Mary Todd Lincoln House. The namesake park is a popular venue for picnics, weddings and art fairs, featuring a fountain dedicated to the children of Lexington. Homes in Gratz Park range from Federal to Queen Anne styles, featuring 17-foot ceilings and original hardwood flooring. The area is also known for its distinctive streetlights and narrow alleyways that lead to carriage houses. Dining options include Dudley's on Short, serving New American fusion dishes, and Doodles Breakfast and Lunch, offering organic and Creole-inspired meals. While there is no grocery store within walking distance, nearby options include M&M Grocery and Target Grocery. The neighborhood hosts events such as the Mayfest Arts Fair and the weekly farmers' market at Fifth Third Bank Pavilion. Students can attend schools such as Lafayette High, which boasts a high Niche rating and is home to the School for Creative and Performing Arts. Lextran buses stop in the neighborhood, with the Interstate 64 entrance nearby. Blue Grass Airport is just over 6 miles away. The University of Kentucky Good Samaritan Hospital is also less than a mile from the neighborhood.

Frequently Asked Questions

Is Gratz Park a good place to live?
Gratz Park is a good place to live. Gratz Park is considered fairly walkable and very bikeable with good transit options. Gratz Park is a suburban neighborhood. Gratz Park has 10 parks for recreational activities. It is somewhat dense in population with 9.5 people per acre and a median age of 43. The average household income is $73,406 which is below the national average. College graduates make up 46.7% of residents. A majority of residents in Gratz Park are renters, with 72.4% of residents renting and 27.6% of residents owning their home. A local real estate agent serving Gratz Park can help you decide if this neighborhood is the right one for you. Learn more on our Gratz Park neighborhood guide.
Is Gratz Park, KY a safe neighborhood?
Gratz Park, KY is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Gratz Park?
The median home price in Gratz Park is $794,500. If you put a 20% down payment of $158,900 and had a 30-year fixed mortgage with an interest rate of 5.98%, your estimated principal and interest payment would be $3,800 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $163K a year to afford the median home price in Gratz Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Gratz Park is $73K.
What are the best public schools in Gratz Park?
The best public schools that serve Gratz Park are:
What are the best private schools in Gratz Park?
The best private schools that serve Gratz Park are:
What are the most popular zip codes in Gratz Park, Lexington, KY?
The most popular zip codes in Gratz Park, Lexington, KY include 40507, 40508, 40502, 40505 and 40504.
What are the most popular neighborhoods near Gratz Park, Lexington, KY?
The most popular neighborhoods near Gratz Park, Lexington, KY are Aylesford Place, Historic South Hill, East End, Historic Western Suburb and William Wells Brown.

Home Trends in Gratz Park, KY

Housing Trends

Median Sale Price
$1,025,000
Median Single Family Sale Price
$1,025,000
Median 2 Bedroom Sale Price
$434,900
Average Price Per Sq Ft
$305
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$794,500
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
84%
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