$871,429Average Value$241Average Price per Sq Ft9Homes For Sale
Lakeview Estates, a lakefront community inside New Circle Road
In a city known for rolling green hills, Lakeview Estates offers a lifestyle centered around water. The neighborhood was built around two large reservoirs, Lake Fontaine and Lake Hickman, which were originally constructed in the late 1800s and early 1900s to supply water to Lexington. On any given day, the lakes are active with canoes, kayaks, sailboats and electric pontoon boats, and the surrounding paths are filled with walkers and runners. The neighborhood sits inside New Circle Road and is bordered by Richmond Road, providing easy access to downtown and other parts of Lexington.
Homes in Lakeview Estates sit along scenic streets.
Lakeview Estates offers lakefront living in Lexington.
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Diverse housing options with many homes near the water
Housing in Lakeview Estates is a mix of single-family homes, townhouses, condos and apartments, many with lake views and private docks. “You’re close to downtown, but you still have a secluded area. The waterfront views and just living by a lake in Lexington is such a commodity,” says Jennifer Pullins-Seitz, a real estate associate with Bluegrass Sotheby’s International Realty. Most were built in the 1970s, though you can also find some newer properties. Single-family homes can come in a variety of styles, but ranch-style and Colonial Revival homes are most common. Townhouses usually have Shed-style architecture.
Colonial-style homes can be found in Lakeview Estates.
Homes in Lakeview Estates have spacious layouts.
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What prices to expect in Lakeview Estates
The median home sale price in Lakeview Estates is in the lower $600,000s, above Lexington’s overall median and that of nearby neighborhoods like Lansdowne Shadeland East and Lansdowne Merrick, but below that of Shriners and Ashland Park. You can generally find:
Single-family homes under 4,500 square feet from the lower $600,000s to around $1 million
Larger homes from around $1.2 million to $3.2 million
Townhouses from the lower $200,000s to the mid-$600,000s
Condos from the upper $100,000s to the lower $200,000s
If you buy a townhouse or condo, you’ll also have to pay a monthly HOA fee between $150 and $350 that helps maintain community pools and clubhouses.
Quick access to Richmond Road and New Circle Road
Most of Lakeview Estates’ residents drive to get around. Richmond Road borders the neighborhood, providing a direct route to Downtown Lexington, about 4 miles away. Fontaine Road leads 3 miles to the University of Kentucky, the city’s biggest employer. New Circle Road is also nearby and connects to the rest of the city. The Lextran bus stops along Richmond and Fontaine Roads, providing an alternative to driving.
What to know about lake access and nearby amenities
Recreation in Lakeview Estates centers around its reservoirs, Lake Fontaine and Lake Hickman. The lakes are private, so only residents can access them for fishing and boating. There are also trails around the lakes. “You see walkers, runners, bikers and everybody back there,” says Jack Sheroan, the director of marketing for the Landing at Lakewood Harbour, a luxury apartment complex in Lakeview Estates. “I’m a runner, and it’s my favorite area in Lexington to run.” Lakeview Park has a walking path through the woods and a playground. Nearby, the private Idle Hour Country Club's 18-hole golf course and tennis facilities are available to members.
Kids can go to highly rated public and private schools
Students in Lakeview Estates are served by the Fayette County Public Schools district. Kids can start at Cassidy Elementary School, which earns an A from Niche, then advance to the A-rated Morton Middle School, known for requiring all students to take Algebra I. Henry Clay High School has an A-minus rating and features the district's only Army JROTC program, along with a Liberal Arts Academy and Advanced Placement courses. If you’d prefer private school, Christ the King School and the A-minus-rated Lexington Christian Academy are nearby.
Henry Clay High School is located in Lakeview Estates.
Morton Middle School gets high ratings.
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Where to go nearby for dining, shopping and errands
You’ll have to drive if you want to grab a bite to eat or run errands. Richmond Road is home to mostly national retailers and chain restaurants, and you’re a short drive from Chevy Chase, where you’ll find locally owned boutiques and restaurants. Nearby restaurants include:
KPOT Korean BBQ & Hot Pot, an all-you-can-eat restaurant where you grill meats and cook hot pot at the table
Miyako Sushi & Hibachi, a Japanese restaurant with a traditional hibachi service
Shamrock Bar & Grill, an Irish-themed sports bar serving classic pub fare
Bourbon n’ Toulouse, a Cajun and Creole restaurant serving scratch-made jambalaya and etouffée
Josie’s Restaurant, a popular breakfast restaurant known for its big portions
Richmond Road has retailers like The Home Depot and Kroger, and Hamburg Pavilion, east Lexington’s shopping hub, is around 5 miles away.
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.
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Lakeview Estates Demographics and Home Trends
On average, homes in Lakeview Estates, Lexington sell after 57 days on the market compared to the national average of 55 days. The median sale price for homes in Lakeview Estates, Lexington over the last 12 months is $695,000, up 140% from the median home sale price over the previous 12 months.
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