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New Construction Homes in Prospect, KY

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  • /27

    Sanctuary Falls - Regal Series Community

    $616,900 - $824,900

    Prospect, KY 40059

    • 3 - 4 Beds
    • 1,959+ Sq Ft

    Welcome to Sanctuary Falls, an exceptional new construction home community situated in the premier Prospect location. Families seeking top-rated schools will find an ideal haven in Sanctuary Falls, thanks to its proximity to the esteemed Oldham County schools. Enjoy the perfect blend of convenience and luxury with easy access to shopping, dining, highways, and more. Our thoughtfully designed new

    Elite Homes Builder
    Sanctuary Falls - Regal Series
  • /21

    Sanctuary Falls - Serenity Series Community

    $535,900 - $684,990

    Prospect, KY 40059

    • 2 - 3 Beds
    • 1,724+ Sq Ft

    Discover the ideal lifestyle in Sanctuary Falls, a single-family garden home community in Prospect. The Serenity Series features stand-alone, low-maintenance homes with both traditional and craftsman elevations, ranging from 1,724 to 2,230 square feet, with ready-to-finish lower levels. The HOA manages lawn care, landscaping, and more, ensuring a worry-free living experience.Located just minutes

    Elite Homes Builder
    Sanctuary Falls - Serenity Series
  • /13

    $695,000 Lot/Land

    5703 Fincastle Farm Trace, Prospect, KY 40059

    • 5 Acres
    • $139,000 per Acre

    Lot 10 offers a unique, 5-acre building site with frontage on Harrods Creek along the entire rear boundary of the lot. The building pad is out of the floodplain and offers a private, wooded setting overlooking the creek and a seasonal waterfall. Fincastle Farm is located on Wolf Pen Branch Road in Prospect and is part of the original Fincastle Farm Estate previously owned by W.L. Brown, Jr. This

    Jon Mand Lenihan Sotheby's Int'l Realty

    5703 Fincastle Farm Trace, Prospect, KY 40059
  • /2

    $999,900 Lot/Land

    8216 Sutherland Farm Rd, Prospect, KY 40059

    • 1.24 Acres
    • $806,371 per Acre

    River view lot in The Breakers at Prospect. Breakers at Prospect is a gated community located in Prospect KY with 24/7 security and privacy. This is 1 of 7 river lots and the only one available to build your custom home. The Breakers at Prospect features Coastal, Historical, and Timeless home designs. Approved builders only.

    Stephanie Gilezan EXP Realty LLC

    8216 Sutherland Farm Rd, Prospect, KY 40059
  • /4

    $3,500,000 Lot/Land

    5222 Cherry Valley Rd, Prospect, KY 40059

    • 4.5 Acres
    • $777,778 per Acre

    Amazing opportunity!!! 4.5 Acres in total on Wolf Pen Branch Rd with 584.22 feet of road frontage. Beautiful flat to rolling land. Small and mature trees on property and open fields. All acres are zoned R4. Water,Gas and Electricity are available. The property is located in northeastern Jefferson County, Kentucky. Property already has Easement for Back Entrance. There are additional acres Parcel

    Lanay Johnson Hinkle Infinite Homes Realty

    5222 Cherry Valley Rd, Prospect, KY 40059
  • /2

    $399,000 Lot/Land

    6522 Rosecliff Ct, Prospect, KY 40059

    • 0.37 Acre
    • $1,078,378 per Acre

    This exclusive homesite within The Breakers at Prospect offers a rare opportunity to build your dream home in one of Prospect, KY's most prestigious gated communities. Situated on a lush private lot with stunning views and surrounded by mature trees, this lot provides the perfect setting for a custom residence.Enjoy the serenity of river or lake views, expansive green space, and timeless

    Stephanie Gilezan EXP Realty LLC

    6522 Rosecliff Ct, Prospect, KY 40059
  • /2

    $399,000 Lot/Land

    6523 Rosecliff Ct, Prospect, KY 40059

    • 0.64 Acre
    • $623,438 per Acre

    This exclusive homesite within The Breakers at Prospect offers a rare opportunity to build your dream home in one of Prospect, KY's most prestigious gated communities. Situated on a lush private lot with stunning views and surrounded by mature trees, this lot provides the perfect setting for a custom residence.Enjoy the serenity of river or lake views, expansive green space, and timeless

    Stephanie Gilezan EXP Realty LLC

    6523 Rosecliff Ct, Prospect, KY 40059
  • /26

    $425,000 Lot/Land

    14403 River Glades Ln, Prospect, KY 40059

    • 3.44 Acres
    • $123,547 per Acre

    Located in River Glades, lot #8 has 3.44+/- acres of mature trees, privacy, and has beautiful view to a creek at the rear of the property. The property does extend beyond the other side of the creek. River Glades is a prestigious gated community located in the North Oldham High School district with 25 estate lots ranging from 2 acres to 4+ acres. Underground utilities are located at the street

    Jason Farabee The Agency Louisville

    14403 River Glades Ln, Prospect, KY 40059
  • /4

    $115,000 Lot/Land

    7500 River Rd, Prospect, KY 40059

    • 0.37 Acre
    • $310,811 per Acre

    Build your dream home on this .3719 acre residential lot located in the highly desirable Prospect area. Enjoy the perfect blend of peaceful suburban living with convenient access to local shops, dining, top-rated schools, and major roadways. This spacious lot offers a rare opportunity to create a custom residence in an established community.

    Stephanie Gilezan EXP Realty LLC

    7500 River Rd, Prospect, KY 40059
  • /35

    $315,000 Lot/Land

    3500 S Rose Island Rd, Prospect, KY 40059

    • 1.82 Acres
    • $173,077 per Acre

    A gorgeous homesite tucked 1.5 miles from Highway 42, this property offers the rare combination of privacy, beauty, and buildable land in north Oldham County. The front portion features generous level ground that is perfect for your custom home and outdoor living spaces. The land then gently rolls toward a wooded backdrop where a natural creek winds through the rear of the property. The setting

    Jennifer Robards Semonin Realtors

    3500 S Rose Island Rd, Prospect, KY 40059
  • /9

    $595,000 Lot/Land

    5701 Fincastle Farm Trace, Prospect, KY 40059

    • 5 Acres
    • $119,000 per Acre

    Lot 9 is an exceptional 5-acre building site with a private, wooded building site on top of the bluff and frontage along Harrods Creek. Fincastle Farm is located on Wolf Pen Branch Road in Prospect and is part of the original Fincastle Farm Estate previously owned by W.L. Brown, Jr. This exclusive estate home community features only the finest architecturally designed homes built by some of

    Jon Mand Lenihan Sotheby's Int'l Realty

    5701 Fincastle Farm Trace, Prospect, KY 40059

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Prospect, KY usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Prospect, KY hold their value?
Yes, especially in fast-growing areas of Prospect, KY. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Prospect, KY

Housing Trends

Median Sale Price
$744,750
Median Single Family Sale Price
$824,900
Median Townhouse Sale Price
$575,000
Median 2 Bedroom Sale Price
$249,700
Median 1 Bedroom Sale Price
$129,999
Average Price Per Sq Ft
$243
Number of Homes for Sale
98
Last 12 months Home Sales
420
Months of Supply
2.80
Median List Price
$775,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
10%
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