RE/MAX
859.684.9995
5222 Cherry Valley Rd, Prospect, KY 40059, Prospect, KY 40059

$3,500,000

Active

5222 Cherry Valley RdProspect, KY 40059

Beds
********
Sq ft
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Highlights

  • Septic tank

About this home

4.5-Acre R-4 Residential Development Opportunity — Prospect, Kentucky Approximately 4.5 acres with approximately 584 feet of frontage and preliminary potential for an upscale single-family residential community of approximately 18-21 homes, subject to final survey, engineering, utility verification and Louisville Metro approval. Located in the Prospect/Wolf Pen Branch area with public water, natural gas and electricity available and existing access easement. The site offers an opportunity to create a boutique residential community featuring premium homes, landscaped common areas and a carefully planned neighborhood environment.

Home details

Lot size
4.5 acres
Sewer
Septic Tank
Water
Public
Subdivision
WOLF PEN
Property type
Residential Land

Location

Price history

  • Listed January 7, 2026 — $3,000,000
  • Increased January 7, 2026 — $3,500,000

Up $500,000 (16.7%) from the original list price.

How does this home compare to Prospect?

This home is listed at $3,500,000. The median sale price in Prospect over the last twelve months is $730,000, so it is priced above the middle of the market.

Homes in Prospect go under contract in an average of 66 days and sell at 98.1% of asking, with 3.46 months of inventory.

Source: GLAR, closed residential, trailing 12 months

Days to contract: GLAR published market statistics, cumulative days on market, trailing twelve months to September 2026.

See the full Prospect market report

Similar homes nearby

Listed by Infinite Homes Realty

MLS #1706422

About this listing data

Greater Louisville Association of REALTORS® MLS

Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed.

Data last updated .

Listings are shown courtesy of the listing brokerage named on each listing. Alexandria Grayson is a REALTOR® with RE/MAX Five Star Properties.