$337,026Average Value$214Average Price per Sq Ft41Homes For Sale
An up-and-coming area on the cusp of Kentucky countryside
On the northwestern edge of Lexington, Masterson Station is the last stop before the rolling hills and thoroughbred-filled pastures of the Kentucky countryside. “It’s a great neighborhood in an up-and-coming developmental area. There’s a lot of new things constantly opening up out here and the city is investing a lot of money to really expand this side of town,” says Sheridan Sims, Realtor and Co-Owner of The Catalyst Group at Keller Williams Commonwealth and life-long Lexington resident. It’s a sprawling neighborhood of closely packed modern homes along meandering roads and packed into cul-de-sacs. While these newer homes are a draw for those seeking the latest designs and amenities, the neighboring Masterson Station Park, a vast green space with play areas, fields and more is an incredible amenity, directly in the backyard of some homes.
The stonework entrance to Masterson Station has a very inviting vibe.
Masterson Station is located northeast of downtown Lexington.
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Quality public schools along with a highly-regarded private option
Students may start out at Coventry Oak Elementary, but most will begin at Sandersville Elementary, which is located within the Masterson Station neighborhood. These schools are rated B-minus and A-minus, respectively, on Niche.com. At Sandersville, the arts are a priority, and students have the opportunity to participate in a monthly music showcase. Students then move on to attend Leestown Middle and Bryan Station High, rated B-plus and B respectively. Bryan Station has had success in track and field in the past, including four straight championship years. An independent private school, Sayre School in the heart of Lexington is home to students from age two through grade 12.
The student population of Leestown Middle School is 993 and the school serves 6-8.
The entrance to Bryan Station High School takes on the full morning sun in Wilburn-Griffin Gate
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Masterson Station Park is right in the backyard
“The large Masterson Station Park is close by and a lot of families with younger kids really enjoy going there in the summer. It has a sprayground for kids during the summer, the Bluegrass Fair, an Equestrian riding, training and events space, and plenty of trails throughout,” says Sims. This park dominates the neighborhood and draws in visitors from all across Lexington. A little more private, Masterson Hills Park is a dog-friendly spot within the subdivision, with a small play area for children. Even in inclement weather, there are spots to get in recreation and training in the area, says Sims - “The Yard is located close by for indoor sports activities - baseball training, and youth/adult volleyball leagues.”
There is a small basketball court at Masterson Station Clubhouse in Masterson Station.
The trails are plenty at Masterson Station Park in Masterson Station.
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Park events bring in people from across the region
“During the summer there are a ton of events that go on at the Masterson Station Park - it would be impossible to list them all. I think a fun thing to mention is during the summer all of the parks in Lexington have this thing called ‘Yappy Hour’ where pets and pet parents get together on a rotating schedule throughout all of the parks and it’s coming to Masterson Station in June!” says Sims. The park is home to other events like the Bluegrass Classic Sheep Dog Trial and Sheep and Fiber Festival that runs in May, a Kite Fest and Christmas activities including light displays and Santa at the neighborhood clubhouse. There’s something for all ages throughout the year.
Families flood Masterson Station Park during the Kite Festival each year.
Live music at the Masterson Station Park Kite Festival.
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Kentucky traditions and reinventing neighborhood landmarks
Local and regional chains are staples, with Biscuit Belly offering their gigantic, hot and flaky biscuits as the base for everything from breakfast sandwiches to a unique take on donuts, their “bonuts”. There are savory and sweet options for anyone, along with healthy options. Ramsey’s Diner – Masterson, “A True Kentucky Tradition” that serves up all-day breakfast, also offers lunch and dinner menus featuring Kentucky favorites like the classic Meat & Three plates. Housed in a former Texaco gas station, The Service Station is a stylish bar and is a great place to catch a University of Kentucky basketball game while sipping one of their creative cocktails named after gas station lingo, like the Flat Tire or Full Service. The outdoor patio is dog-friendly, and food comes from a variety of food trucks that stop by for a couple of hours. Crossroads IGA and Fruteria Las Veracruzanas offer nearby grocery stops, while Leestown Road features more retail and dining closer to the heart of Lexington.
Riding horses is a big deal at McConnells Trace’s Masterson Station Park.
The mural artwork on some businesses really shows community pride in Masterson Station.
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Modern homes in the countryside
Sidewalks and neatly kept front lawns line the winding streets and cul-de-sacs of Masterson Station. Modern traditional homes with farmhouse accents are the standard here, with most featuring three or four bedrooms along with one-and-a-half or two baths. Low-slung picket fences offer some backyard privacy throughout the neighborhood, and almost every home comes with a new-growth tree out front, casting shade over their off-street parking in their driveway or garage. Most homes sell for between $250,000 and $425,000, with some older homes starting at $200,000. Buyers looking for low-maintenance living can find town houses in the range of $175,000 to $325,000. Almost every home in the community falls under the Masterson Station Homeowners’ Association, which comes with caveats and rules regarding landscaping, property maintenance, architecture changes and more.
Rows of nicely landscaped lawns with updated homes are common in Masterson Station.
The Masterson Station suburban neighborhood.
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A car-dependent neighborhood in a car-centric city
“This is a large neighborhood so even walking from one end of the neighborhood to the other is a stroll,” Sims says, although many residents are happy to take that stroll with their friends and dogs as the sun sets at night. But for getting around, they are car-dependent – Sims notes that across Lexington as a whole, commuting by car is the norm. For getting out of the region, Blue Grass Airport is only 7 miles away, usually a drive of 15 minutes or less. Baptist Health Lexington, Saint Joseph Hospital and the University of Kentucky Albert B. Chandler Hospital are all within 7 miles of the neighborhood and provide 24-hour emergency care and other specialized care, as well as jobs.
Masterson Station aerial view.
Groceries are available nearby Masterson Station.
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Bluegrass festivities like no other
“During the summer in June, The Bluegrass Fair happens out in Masterson Station Park every year so it is close by for families to enjoy – it’s by far the biggest event around and started back in 1974,” says Sims. Over the years, this wide-reaching ten-day festival has featured diverse entertainment ranging from live pro wrestling, to national musical acts, to magicians, daredevils and much more. This is on top of the rides, agricultural fair and fair food highlights like funnel cake.
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
Interested in learning more about homes in this area?
Reach out to
Philip 'PJ' Elder,
an experienced agent in this neighborhood.
Parks in this Area
Masterson Station Park
Dog Park
Trails
Playground
Whitney Young Park
Coventry Playground
Highlands Park
Oak Wood Park
Preston Spring Park
Legacy Trail
Town Branch Trail
Transit
Airport
Blue Grass
18 min drive
Bus
Sandersville & Prichard Outbound
Bus
Lucille & 553
Bus
Masterson Station & Leestown Rd.
Bus
Magnolia Spring & 2701
Bus
Masterson Station & 229 Inbound
Bus
Sanderville & Gilmore
Bus
Masterson Station & 333 Inbound
Masterson Station Demographics and Home Trends
On average, homes in Masterson Station, Lexington sell after 57 days on the market compared to the national average of 70 days. The median sale price for homes in Masterson Station, Lexington over the last 12 months is $349,990, down 8% from the median home sale price over the previous 12 months.
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This 3-bedroom, 2.5-bath home has all the space you need. 1,854 square feet with a 2-car garage and a great layout. All the bedrooms are upstairs, and the main floor features a big living room, kitchen, dining area, and an extra room that is currently used as an office - but it could easily be a playroom, formal dining room, or whatever fits your lifestyle. One of the bedrooms even has a huge
Looking for a 3 bedroom charmer? You have found it. This Leestown area home is located on an oversized corner lot that's perfect for outside entertaining. On the main floor you will find an open concept with living room, kitchen with new appliances and a half bath for guests. Upstairs you'll find 2 guest bedrooms and a hallway bathroom. A large primary bedroom with en suite makes for a quiet
Do not miss this rare opportunity!!! Stylish and updated, this gorgeous two story home offers an open flowing main living space, and 3 spacious bedrooms upstairs! Step outside to enjoy your beautiful, private and oversized backyard complete with an expansive deck perfect for entertaining or quiet mornings. All of this at a fantastic price in one of the most desirable neighborhoods
Completely updated townhome in highly sought after Masterson Station. Morning and evening sun lights up the interior space. The main living room has a cozy gas fireplace for the winter months. The dining room is adjacent to the kitchen making it easier to cater large parties. Overall the whole downstairs has an open feel. The kitchen has granite countertops and bright new white cabinets. The
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Just renovated and move-in ready! This home is beautiful with 3 - 4 bedrooms, 2 baths and a spacious open concept plan boosting 15' vaulted ceilings in the great room, kitchen, primary. The large loft comes with 2 closets and could be used as a possible 4th bedroom, nice office or playroom. Beautiful luxury vinyl plank flooring and new carpet throughout as well as all new paint, new lighting,
Turning Apartments into Homes! At Ashton Park Apartments, we understand the importance of finding a home that fits your lifestyle and budget, which is why our team took such great care in creating our apartment community.Our luxury 1 and 2 bedroom apartments are designed with you in mind, providing a comfortable and welcoming space for you to relax in Kentucky's second-largest city;
Interested in learning more about homes in this area?
Reach out to
Philip 'PJ' Elder,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
11,245
Median Age
36
Population Density
6 ppl/acre
Population under 18
27.6%
On par with the national average
23.8%
Population over 65
10.9%
Below the national average
19.1%
Finances
Median Household Income
$88,809
Above the national average
$71,702
Average Household Income
$94,302
Education and Workforce
High School Graduates
96.9%
College Graduates
55%
Above the national average
34.1%
Advanced Degrees
18.8%
% Population in Labor Force
81.2%
Above the national average
65.1%
Weather
Annual Precipitation
50''
Average Winter Low Temperature
26°F
Average Summer High Temperature
87°F
Annual Snowfall
26''
Area Factors
Somewhat Bikeable
Bike Score®
22/ 100
Car-Dependent
Walk Score®
2/ 100
Minimal Transit
Transit Score®
23/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
