$781,726Average Value$301Average Price per Sq Ft4Homes For Sale
Refined suburban living, just miles from the heart of Lexington
Located about 3 miles southeast of downtown Lexington, the community of Fairway is a suburban enclave known for its refined, almost regal atmosphere—and that's not just because of street names like Kingsway and Queensway Drive. Local leaders have long chosen this neighborhood to serve as their home base, as demonstrated by the Henry Clay Estate (the home of former Statesman Henry Clay) located just next door in Ashland Park. In addition to Fairway's stately, classically inspired homes, the neighborhood is also bordered by one of Lexington's most prestigious country clubs and golf courses, Idle Hour. "Just like the Fairway neighborhood itself, if you're in there, you're in the right spot," says John Dabney, a local Realtor who was born and raised in Lexington. Dabney explains that, along with the rest of the 40502 zip code, Fairway is one of the most highly-regarded areas of Lexington. Becky Reinhold, Broker with Sotheby’s International Realty, agrees, adding that the houses are large, property values are consistently high and “Residents have great, central proximity to downtown, Chevy Chase and Euclid Avenue. Which is really the heart of the city." Plus, "The community is made up of generations of people who truly care about the area they live in," says Reinhold, which for her means Fairway is "the number one place to be" in all of Lexington.
Homes in Fairway typically sell after 12 days on the market.
Ranch homes in Fairway are an affordable option for new homebuyers.
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A popular market for classically inspired Kentucky homes
As Fairway residents turn away from Lexington's busy streets, they're greeted by a lofty canopy of oaks and red maples that provide shade for this neighborhood's spacious lawns and generously sized homes. Outdoor spaces are often ornamented with professionally landscaped gardens complete with shrubbery and English ivy. Here folks can often be seen out and about, getting some exercise or chatting with friends. In addition to being "one of the best locations in the city," according to Dabney, Fairway's carefully curated properties are another reason that "the price per square foot in the neighborhood just keeps going up and up." The average sales price here is about $690,000 dollars, which is more than double the average price point for the Lexington Metropolitan area. While most homes in Fairway were built in the 1940s, land here is considered so valuable that many of the older smaller homes/lots have been torn down and replaced with larger brand-new builds. A hallmark of this neighborhood is its classical-revival styles, which feature red brick construction and ornate, romanesque doorways lined by fluted columns. Larger properties with floorplans of over 3,000 square feet can sell for anywhere from $700,000 to well over a million dollars. While smaller properties like cottages and Cape Cod designs tend to sell between $280,000 and $550,000.
Homebuyers looking for a historic style can purchase a Colonial Revival home in Fairway.
Residents of Fairway take great pride in their homes and lawns throughout the neighborhood.
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Fayette County schools with excellent programs
Students living in Fairway attend Ashland Elementary, which earns an A rating on Niche, as well as Lexington Traditional Magnet School, which receives a C-plus rating. Henry Clay High also receives an A rating on Niche and is home to Lexington’s only Army JROTC program. This school also features a Liberal Arts Academy, which is intended for students who are skilled in language arts, mathematics and academic performance. Students in this program are encouraged to participate in community service, academic mentoring and seminars. According to GreatSchools, Henry Clay High has a graduation rate of 91%.
The AP® participation rate at Henry Clay High School is 49%.
The student population of Lexington Trad Magnet School is 308 and the school serves 6-8.
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Heading outdoors at Idle Hour and Woodland Park
Fairway is surrounded by an array of recreational green spaces. One of the closest options for outdoor sports is the private Idle Hour Country Club. An invitation-only club, located adjacent to the neighborhood, it's elevated rolling greens consists of a full 18-hole course. In addition to its golf amenities, the club also features tennis courts, a fitness center and a swimming pool. "Idle Hour is very top-notch, a real who's who of Lexington," says Dabney. For a day of history and scenic views, residents can visit the Henry Clay Estate in Ashland Park. Home of former Statesman Henry Clay, folks can spend a leisurely afternoon admiring sculpted topiaries, mature trees, as well as the estate's lush garden. Nearby, Woodland Park, located on Richmond Road, is one of the oldest parks in Lexington. Here locals can be seen out on the tennis or basketball courts, cooling down at the aquatic center or spending some time at the skatepark. In August, residents come out for the Woodland Art Fair, which sees an influx of more than 70,000 people annually.
Woodland Park features several sports courts, skatepark, and an aquatic center.
Next to Fairway, each hole at Idle Hour Country Club was named after a famous horse.
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Walk to leisurely dining options from Fairway
Locals looking to dine out can explore neighborhood options like The Ginkgo Tree Café, located within the Henry Clay Estate. The cafe offers a selection of sandwiches, salads and fresh baked goods set against the backdrop of this beautifully manicured property. Another great option is Pasta Garage Italian Cafe, located off Winchester Road. Locally-owned, this restaurant serves up handmade specialties like caprese gnocchi or ragu al bolognese, paired with their signature breadsticks and for dessert their in-house tiramisu. The Kenwick Table, is a popular spot where folks can hang-out over coffee, pastries, wine or all three. In addition to wine, patrons can also order boozy drinks like the Kenwick, an Irish coffee with Jameson Whiskey and cream. This signature drink is topped with their homemade vanilla whip and dark chocolate drizzle. For groceries, the Thriftway Food Mart or the Kroger on Euclid Avenue are nearby options. For additional shopping and dining options, residents of Fairway can also access a diverse array of trendy establishments in Lexington's Downtown.
Locals of Fairway head to Kentucky Native Cafe for lunch under a canopy of greenery.
Fairway diners can enjoy fresh pasta made in-house at the Pasta Garage.
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Lexington events that bring the community together
Fairway residents are also fortunate to have an abundance of ongoing local community events. In August, locals look forward to the Woodland Art Fair, which sees an influx of more than 70,000 people annually. In September, folks grab their lawn chairs and head to Henry Clay's Estate to enjoy Jazz on the Lawn, where the sounds of piano keys, saxophone and drums collide to create an easy listening experience. The Chevy Chase Street Fair is another particularly popular event that takes place in the fall. Held along Euclid Avenue, residents in attendance enjoy live music and food from local restaurants.
Shakespeare in the Park has returned to Woodland Park, with vendors and performances.
The Lexington Farmer's Market's peak season runs from April to October in Downtown Lexington.
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Getting around the Fairway area
Less than 3 miles from downtown Lexington, getting around the Fairway neighborhood is no problem for residents. Plenty of parks and outdoor recreational options are just a walk or short bike ride away, while Richmond Road provides a straight shot to the center of the city. "It really is a prime location," says Dabney. To get around the greater Lexington area, New Circle Road is just minutes away, while Interstates 64 and 75 carry residents to nearby destinations like Louisville and Cincinnati. When traveling out of state, Blue Grass Airport is just over 8 miles west of the neighborhood, while, in the case of medical emergencies, Good Samaritan Hospital can be found about three miles away towards downtown.
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
On average, homes in Fairway, Lexington sell after 19 days on the market compared to the national average of 52 days. The median sale price for homes in Fairway, Lexington over the last 12 months is $650,000, up 5% from the median home sale price over the previous 12 months.
This sensational 1930s 2.5-story home in the coveted Fairway subdivision blends timeless craftsmanship with modern comforts. Original hardwood floors, chair rail, bi-fold shutters, and detailed moldings recall its classic roots, while thoughtful updates enhance everyday living. A gracious covered front porch with fluted columns welcomes you into a spacious foyer, leading to an oversized dining
Whitney DurhamBluegrass Sotheby's International Realty
Updated condo in highly sought after 40502 area. The condo features hardwood floors, updated bathroom and kitchen, wonderful new light fixtures and tile work, storage area in the basement, and lots of parking in the private lot and on a quiet street. The patio area is in the process of being expanded. A similar unit is coming in March if you want to pick your own colors and cabinets.
This cape cod style stone beauty in the heart of Fairway subdivision is for sale. It has two bedrooms and two full baths. It blends timeless charm with modern updates. The kitchen has been opened up and has granite countertops and stainless appliances. A great sunroom is ideal for morning coffee or evening entertaining. It looks out to a lush, private backyard with mature landscaping and is
If you're looking for a great home to rent, look no further! This Fairway beauty is of the classic Cape Cod style. It boasts a formal living room with fireplace, formal dining room, den (could be a fourth bedroom), an eat-in kitchen with appliances, two full bathrooms, all on the first floor. The hardwood floors are beautiful throughout this home and all rooms are nicely sized. The second story
Jack OsmanBerkshire Hathaway de Movellan Properties
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
