Luxury Home at 720 Central Avenue Sells for $1.525 Million as Lexington Real Estate Market Thrives

Lexington, Kentucky – In a bustling real estate market, 720 Central Avenue has emerged as the top-selling residential property, recently changing hands for $1,525,000. This transaction highlights the continued demand for high-value homes in the region.

According to the latest data compiled by David O’Neill, the Fayette County Property Valuation Administrator, various properties have seen significant sales in the area. The sales ranged from a modest $125,000 for a home located at 158 Crestwood Drive to the luxury listing at 720 Central Avenue, illustrating a diverse real estate market accommodating both affordable and upscale buyers.

Among the notable transactions reported in recent months are:

• 1408 Hampshire Place – $1,435,000
• 780 Chinoe Road – $1,450,000
• 532 Lakeshore Drive – $1,000,000
• 255 Cochran Road – $965,000
• 1404 Pendennis Circle – $965,000

In addition to the luxury properties, several mid-range homes have also been popular. For instance, 304 Dudley Road sold for $625,000, while 365 Lincoln Avenue achieved a closing price of $690,000. These figures indicate robust activity across various segments of the market.

This influx of transactions demonstrates a strong buyer interest, likely influenced by various factors such as low mortgage rates, economic stability, and a growing population in the area. Buyers, ranging from first-time homeowners to seasoned investors, continue to navigate the competitive landscape seeking suitable options.

Overall, as the real estate market adapts post-pandemic, these recent sales trends offer insight into the shifting preferences of homebuyers in Fayette County and surrounding areas. For further details on these properties and the current state of the market, residents are encouraged to visit the Fayette County Property Valuation Administrator’s website.