$881,349Average Value$365Average Price per Sq Ft4Homes For Sale
Historic character meets downtown living in Gratz Park
Gratz Park is a historic pocket of Downtown Lexington where grand 19th-century homes surround the city’s oldest park. The neighborhood developed around Transylvania University, the first university west of the Allegheny Mountains, and today the university adds a collegiate vibe that complements the bustling restaurant and nightlife scene surrounding the neighborhood. With the park at its center and mature trees lining the streets, Gratz Park is a calm part of downtown that feels like you’re stepping back in time.
Gratz Park residents can step back in time, just minutes from downtown Lexington.
Many Federal homes can be found in Gratz Park.
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Historic homes in Federal and Queen Anne styles
Gratz Park’s homes were primarily built in the 1800s and include Greek Revival, Federal, Italianate and Queen Anne styles. These often include period details like wide-plank hardwood floors, high ceilings and ornamental fireplaces. Many homes have been updated over the years, incorporating modern amenities like tankless water heaters and updated electrical and plumbing systems. The neighborhood is a designated historic district, so any exterior updates will need to be approved by the city’s architectural review board. This helps keep the neighborhood’s feel intact. “I love just walking around the area; there's so much beautiful architecture. All the front-facing details and classical facades are really nice to see,” says Brittany Miller, the front-of-house manager at Dudley's on Short.
The Goodloe Houses are an example of the Queen Anne homes you'll find in Gratz Park.
The median home in Gratz Park was built in 1900.
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How much it costs to buy in Gratz Park
The median home sale price in Gratz Park is around $1 million, well above Lexington ’s overall median and that of nearby neighborhoods like downtown Lexington, Historic Western Suburb and North Limestone. Houses rarely come on the market, but Becky Reinhold, managing broker at Bluegrass Sotheby’s International Realty, says, “If a home in Gratz Park comes on the market, one would expect to see multiple offers that are likely over the asking price because of the limited inventory surrounding the Park.” She adds that buyers can expect “prices ranging from $650,000 up to and in excess of $2 million, depending on the level of renovations.”
Gratz Park diners head to Corto Lima for Latin American-inspired cuisine.
Near downtown dining staples like Dudley’s on Short
Gratz Park is centrally located amidst downtown Lexington’s dining scene, so you’re steps away from the city’s top restaurants. You can grab a meal at these spots:
Corto Lima, a trendy hangout serving Latin American-inspired cuisine
Dudley’s on Short, an upscale eatery in a historic former bank building
Doodles Breakfast and Lunch, a casual restaurant serving comfort food made from locally sourced ingredients
Le Deauville, a French bistro with a historic and cozy atmosphere
There's also a mix of local boutiques, specialty stores and art galleries. Miller says that the area has “any other bookstore, museum or service you could want, really. The only thing we don't have in walking distance is a grocery store.” When you need to get groceries, you can stop by the Lexington Farmers Market at Fifth Third Pavilion on Saturdays or head to Target on Upper Street.
Harrison Elementary School serves the area.
Fayette County schools and Transylvania University are nearby
Families are served by the Fayette County Public Schools district. Kids can start at Harrison Elementary School, then go to Lexington Middle School. Older students can attend Lafayette High School, which gets an A rating from Niche and is home to two magnet programs focused on engineering and the arts. If you prefer private schools, the A-plus-rated Sayre School is nearby. For higher education, Transylvania University borders the neighborhood, and the University of Kentucky is about a mile away.
New and old parks, plus entertainment at the Lexington Opera House
At the neighborhood’s center is Gratz Park, which gives the area its name and is the city's oldest park. “It’s the perfect venue for picnics, weddings, art fairs and a popular spot for photo shoots, but mostly it's for people to enjoy being outside in a beautiful spot,” Reinhold says. Gatton Park on the Town Branch is nearby. This is one of the city’s newest parks, and it has a dog park and an outdoor amphitheater that hosts festivals and concerts. For more entertainment, check out the Lexington Opera House, a historic venue that has concerts, Broadway musicals and comedy shows. Rupp Arena, home of the UK Wildcats men’s basketball team, is within walking distance.
"The Fountain" in Gratz Park was sculpted by New York artist Joseph Pollia in 1933.
Gratz Park shares its name with the neighborhood's central park.
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Events include an art fair and ghost tours
Several events take place at the neighborhood’s park and in the surrounding area throughout the year. Here are some popular ones:
Mayfest Arts Fair, a juried art fair each May with live performances and food vendors
Fourth of July Celebration, a city-wide party downtown that includes the Bluegrass 10,000 race and a concert on the Old Morrison lawn at Transylvania University
The Ghost Walk of Lexington, guided tours around the neighborhood from August through October
Lextran offers Gratz Park residents access to a network of bus routes.
Getting around on foot and the Lextran bus
Gratz Park is a very walkable neighborhood, and the Lextran bus stops throughout the area, making it possible to live here without a car. A growing network of on-street bike lanes and off-road trails provides options for cyclists. North Broadway is the main road bordering the neighborhood, and it leads about 2 miles to New Circle Road and 3 miles to Interstates 75 and 64.
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Gratz Park Demographics and Home Trends
On average, homes in Gratz Park, Lexington sell after 170 days on the market compared to the national average of 55 days. The median sale price for homes in Gratz Park, Lexington over the last 12 months is $1,025,000, up 49% from the median home sale price over the previous 12 months.
3.99% interest rate through owner financing is available to qualified buyers. Please inquire with listing agent for details. Located in the heart of Lexington, 350 New Street is a truly one-of-a-kind residence offering approximately 3320 square feet of thoughtfully curated living space. With 3 bedrooms, 2 full baths, and 2 half baths, this home seamlessly blends the historic charm of Gratz Park
Historic Thomas January office renovated and rebuilt from foundation up offers modern amenities including tankless water heater, marble kitchen and bathrooms, new heat and air, plumbing, electrical, appliances and salvaged hardwood floors. Property is income producing as Airbnb and VRBO but could be used as single family dwelling. House includes a charming and private courtyard with neighboring
Welcome to Unit 201 at The Lofts at Gratz Park, where location isn't just a feature, it's the entire advantage. This 2-bed/2-bath modern industrial loft sits in the heart of historic Gratz Park, a National Register neighborhood with restored 19th-century character and active walkable streets. From your front door, Rupp Arena is an 11-minute walk, the UK Campus is 16 minutes on foot, and virtually
Welcome to Suite 101 at The Lofts at Gratz Park, a rare opportunity to enjoy true loft-style living in one of downtown Lexington's most desirable historic districts. Set within an intimate community of just eight residences, this beautifully renovated first-floor condo offers 1,160 square feet, two bedrooms and two full bathrooms, all just steps from the charm of Gratz Park and the best of
K Meredith LaneBluegrass Sotheby's International Realty
Gratz Park Charmer! Zoned B-2B and has been updated, comes fully furnished OR we are willing to adapt to your needs. Do you want to run a BNB? It's a possibility! This home has original hardwood floors, beautiful tile in the updated kitchen and bathrooms. The main floor has kitchen, half bath, large entry hall (could use as office), living room and dining room. Lovely staircase gives way to a
Beautiful downtown 2nd floor one bedroom apartment within walking distance to Gratz Park, area restaurants and Rupp Arena. Enjoy the historic charm of this spacious unit that offers hardwood flooring, arched door ways,10 ft ceilings, big windows and french doors Kitchen is equipped with a refrigerator and gas stove. Located in an small apartment building with locked entrance. Laundry is on site.
S Ann WesleyAssurance Realty & Property Management
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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