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Waterford-South Point

Waterford-South Point

Suburban Neighborhood in Lexington, Kentucky

Fayette County 40515
$422,760 Average Value
$289 Average Price per Sq Ft
26 Homes For Sale

Impressive schools and spacious parks with excellent access to nearby amenities

Just 7 miles south of Downtown Lexington sits Waterford-South Point, a popular neighborhood for its spacious and peaceful developments. Residents choose this area in Lexington for its combination of excellent schools, sizable parks and location. “It has really easy access to all the amenities between Nicholasville Road and Tates Creek Road,” says Miranda Hinchman, a broker and team leader with Kentucky Home Team Keller Williams Bluegrass Realty and a neighborhood resident. “There’s a really strong sense of community. There are people who grew up in the neighborhood who move back and buy here.”

Ranches, brick colonial and new-traditional homes

Waterford-South Point is a suburb with grand homes and manicured green spaces. Homes range from smaller ranches to larger brick colonial and new-traditional homes. Waterford-South Point homes have sold for anywhere between $205,000 and $715,000. “They’re on rolling lots with a lot of tree-lined backups,” says John Groft, a Realtor at RE/MAX Creative Realty. “There are green spaces that have a lot of wildlife." Townhouses can also be found in the neighborhood and have sold for between $250,000 and $305,000. Sidewalks line most development streets in the neighborhood, but most residents get around using their cars, backed up by the neighborhood’s Walk Score of 11 out of 100. As for crime, Waterford-South Point was given a Crime Score of 3 out of 10 by the CAP Index, which is lower than the national average.
Waterford-South Point is a neighborhood in southeastern Lexington, Kentucky.
Waterford-South Point is a neighborhood in southeastern Lexington, Kentucky.
The Waterford-South Point neighborhood is just a short drive from downtown Lexington.
The Waterford-South Point neighborhood is just a short drive from downtown Lexington.
Beautiful brick homes line the streets of the Waterford-South Point neighborhood.
Beautiful brick homes line the streets of the Waterford-South Point neighborhood.
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Early career course in Fayette County Schools

Residents of Waterford-South Point may send their children to Fayette County Public Schools. For kindergarten through fifth grade, students may attend Veterans Park Elementary, which earned an A grade from Niche. The school recently unveiled its new playground. From there, students may move on to Southern Middle School, which received a B-plus grade from Niche. Their school mission involved preparing students for advanced courses in high school and exploring career choices. Students can participate in nine sports and 12 clubs and activities outside the books. In ninth grade, students attend Tates Creek High School, which holds a B-minus grade on Niche and provides five academies based on careers and grade levels. Those include Freshman Academy, Academy of Business Entrepreneurship & Education, Academy of Design and Engineering, Academy of IB & Information Technology, and Academy of Medical & Emergency Services. For those looking for private school options, Trinity Christian Academy is nearby, serves Pre-K through 12th grade and earned an A grade from Niche. After graduating high school, residents can choose to stay close to home for college, as the University of Kentucky is just 6 miles north of the neighborhood.
Southern Middle School in Lexington, K.Y. has around 800 students enrolled.
Southern Middle School in Lexington, K.Y. has around 800 students enrolled.
Tates Creek High School is ranked 90th within the state of Kentucky.
Tates Creek High School is ranked 90th within the state of Kentucky.
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Extensive activities in Veterans Park

A plethora of outdoor activities are within Veterans Park. “The 230-acre park has ball fields, baseball fields, picnic areas, walking trails, a frisbee golf course, and mountain bike trails,” Groft says. Shillito Park is located northwest of the neighborhood and has amenities similar to Veterans Park. Locals can also use the camp programs and their local swimming pool. Kids compete in the Man O War conference with other neighborhoods during summer. “It’s a big draw between the pool and the park,” says Groft. “It’s a huge draw for families because they love the interaction." Kids can also let loose and have fun at the playground.
Veterans Park ihas a mountain bike trail that runs 3.5 miles long.
Veterans Park ihas a mountain bike trail that runs 3.5 miles long.
Veterans Park has four lighted Little League baseball field.
Veterans Park has four lighted Little League baseball field.
Veterans Park has a 1970's vintage Army tank on display, along with flags of the armed forces.
Veterans Park has a 1970's vintage Army tank on display, along with flags of the armed forces.
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Diverse cuisine within a mile radius

Giuseppe’s Ristorante Italian is a fine-dining restaurant with Italian favorites. Folks enjoy the restaurant's attentive service and their lobster and pasta. Zundo Ramen & Izakaya offers authentic Japanese ramen and sushi flavors. Locals love the experience and the plethora of vegetarian options. “My favorite restaurant is J. Alexander’s,” Hinchman says. “The food is great, and the staff is super friendly. The fish tacos are amazing.” J. Alexander’s is known for its quality American food and extensive drink offerings. Those needing to do the weekly grocery haul can do so at the Kroger, Walmart Neighborhood Market or Whole Foods Market. “You’re a half mile from two major areas, Fayette Mall, which is one of the largest malls in the state of Kentucky and Brannon Crossing, which is a development on the back side of Pinnacle,” Groft says. “It’s a ten-minute drive from Hamburg, a huge shopping area of I-75 and Man O War. It’s one of the largest shopping places in the state of Kentucky.”
Condado Tacos specializes in  tacos, tequila and margaritas.
Condado Tacos specializes in tacos, tequila and margaritas.
The Summit at Fritz Farm is a fun mixed use development.
The Summit at Fritz Farm is a fun mixed use development.
Whole Foods is a great place for residents of Waterford-South Point to go grocery shopping.
Whole Foods is a great place for residents of Waterford-South Point to go grocery shopping.
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Community Food Truck Fridays

Waterford puts together multiple events throughout the year, but its signature is Food Truck Fridays. "Typically, there are two to three food trucks. It's a great way to get together, kid-friendly. That's usually about a three-hour event," Groft says.

Accessible commute in and out of Lexington

Residents can hop on Man O War Boulevard, which connects to other major routes towards downtown. From there, it’s about a 7-mile drive. “It’s a very easy commute to Interstate-75 and Interstate-64. You’re in 15 minutes to get on interstate for either family travel or work,” Groft says. “It’s an easy commute for those major employers outside of Fayette County.” Residents can also take advantage of the Lextran bus system, which has stops in the Belleau Woods neighborhood, just north of Waterford-South Point. Those needing to travel outside Kentucky can hop on a flight from the Blue Grass Airport, 8 miles from the neighborhood. Travelers can take a non-stop flight to 16 destinations in the country. For medical attention, residents can head to Baptist Health Lexington, a hospital 5 miles away.

Meadowbrook Golf Course is nearby

Golfers looking to get a quick round in can enjoy the Meadowbrook Golf Course to the north. This is Lexington’s only short course, and it is a walking-only course. Residents looking to play a round are looking at less than $20 for an 18-hole round.
Kevin Haswell
Written By
Kevin Haswell
Bryan Regan
Photography Contributed By
Bryan Regan
Tyler Belile
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Tyler Belile

Agents Specializing in this Area

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Schools

Source:
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 Clarissa R Barber, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Blue Grass

22 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Waterford-South Point US
Homicide 2 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 4 4
Larceny 4 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Waterford-South Point Demographics and Home Trends

Housing Trends

Median List Price
$421,990
Median Sale Price
$369,000
Median Single Family Sale Price
$399,990
Median Townhouse Sale Price
$550,000
Median 2 Bedroom Sale Price
$545,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
100
Median Home Sale Price YoY Change
-26%
Average Price Per Sq Ft
$289

Neighborhood Facts

Number of Homes in Neighborhood
4,745
Number of Homes for Sale
26
Median Year Built
1997
Months of Supply
3.10
Average Single Family Home Size Sq Ft
2,621
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
1,887
Median Lot Size Sq Ft
8,276

Open Houses

  • Sunday, Aug 3
    2 - 4pm

    598 Southpoint Dr, Lexington, KY 40515

    $379,000

    • 3 Beds
    • 2 Baths
    • 1,783 Sq Ft
    • 598 Southpoint Dr
    • New 6 days ago

    Look no further! Three bedrooms, 2 bath ranch with a split bedroom plan. Great room with fireplace, & gas logs, built-in shelving that flows into the kitchen with lots of cabinets and countertop space. Pantry, bar, island, spacious dining area plus formal dining room would be great for a home office. Owner's suite has a walk-in closet, shower and Jacuzzi tub. Double sink vanity. Roof, gutters,

    Diana Roark Rector Hayden Realtors

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  • Friday, Aug 1
    4 - 6pm

    4170 Clearwater Way, Lexington, KY 40515

    $625,000

    • 6 Beds
    • 3.5 Baths
    • 4,035 Sq Ft
    • 4170 Clearwater Way
    • New 13 days ago

    Welcome to this beautifully maintained 6-bedroom, 3.5-bathroom home offering over 3 levels of functional living space—From the moment you enter, you're greeted by soaring ceilings. The main floor features a flexible floor plan with a formal dining room (currently used as a home office), a cozy family room that flows into a bonus living space, and a large eat-in kitchen equipped with a

    Andrea Coughtry Lifstyl Real Estate

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  • Sunday, Aug 3
    1 - 3pm

    409 Whitfield Dr, Lexington, KY 40515

    $429,000

    • 4 Beds
    • 2.5 Baths
    • 2,555 Sq Ft
    • 409 Whitfield Dr
    • New 22 days ago

    Timeless Anderson in Southpoint! Lovingly maintained and now ready for you to make it your home! Welcoming foyer, guest half bath, eat-in kitchen, dining room, living room, family room with built-ins all on first floor. So much space upstairs too with large primary bedroom, 3 bedrooms, 2 full baths and laundry room. Beautiful backyard and covered patio, 2-car garage. So much more!

    Cindy Shryock Rector Hayden Realtors

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Clarissa R Barber, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
14,367
Median Age
40
Population Density
8 ppl/acre
Population under 18
24.4%
On par with the national average
23.8%
Population over 65
18.1%
On par with the national average
19.1%

Finances

Median Household Income
$102,139
Significantly above the national average
$71,702
Average Household Income
$125,268

Education and Workforce

High School Graduates
95.8%
College Graduates
56.6%
Above the national average
34.1%
Advanced Degrees
29.8%
Above the national average
13.3%
% Population in Labor Force
76.5%

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®

39 / 100

Car-Dependent

Walk Score®

13 / 100

Minimal Transit

Transit Score®

5 / 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.

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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.
NEIGHBORHOOD
Waterford-South Point