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7702 Westport Rd, Louisville, KY, 40222

$2,995,000

8.02 Acres
Land

Location

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Property Highlights

Home TypeResidential Land
ViewSee Remarks
MLS #1665870
Lot Size8.02 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 7702 Westport Rd

Exceptional Acreage! Extremely rare 8.02 acres of Flat and Mostly Clear infill land. Remarkable Visibility and Access: located just 1 mile from I-264 and on the edge of highly sought-after St. Matthews. Situated on one of Louisville's most traveled corridors (27k AADT), this coveted estate boasts 480' of road frontage on Westport Rd (+750' on Ormsby Ln) at a signaled light. Potential developers will benefit from established utilities and sewer connections. R-4 zoning allows 4.84 dwellings per acre, however a strong case for rezoning is feasible for higher density, mixed use or commercial opportunities. A 4,200+ sqft Ranch House with a Pool + Tennis Court currently exists in the rear that is in good, livable condition and could easily be repurposed as a clubhouse/leasing office. Within close proximity to established developments such as Westport Village (retail and dining), as well as schools, mature neighborhoods, multi-family and within St. Matthews Fire District. The new $840M VA Hospital is nearby, as well as other new developments such as Bull Run Townhomes.Truly a "Once-In-A-Generation" type of property!

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Premier Properties

Exterior Features

Exterior Information:

  • View: See Remarks

Lot Features

Lot Information:

  • Lot: Corner Lot, See Remarks, Level
  • Lot Size: 8.02 Acres

Other

Directions Information:

  • Directions: I-264 to Westport Road exit, head northeast, property on the right (corner of Ormsby Lane)

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,995,000
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

Med. Sold Price

$254.8K

Med. Price/SqFt

$186

Avg. Days On Market

125

# of Sold Homes

653

7702 Westport Rd vs Louisville

156 DAYS ON ROCKET

+31 Days

$2,995,000

+$2.7M More

KEY TAKEAWAY

This property is $2.7M more than the Median Sold Price in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1665870

Listing Office:

  • Office Name: RE/MAX Premier Properties

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,046

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-780831
5
/10
  • Wilder Elementary School

  • 1913 Herr Ln

  • 0.89 miles

  • Public District Grades KG-5

school-card-donut-780832
5
/10
  • Bowen Elementary School

  • 1601 Roosevelt Ave

  • 1.40 miles

  • Public District Grades KG-5

school-card-donut-780833
9
/10
  • Norton Elementary School

  • 8101 Brownsboro Rd

  • 1.69 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,659. Typical income of Louisville, KY residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Louisville, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Louisville, KY?

Louisville offers a diverse array of housing options, with single-family homes making up a significant portion of the market. These homes showcase a mix of architectural styles, including Victorian, colonial, and contemporary designs. The city also provides a range of multi-family dwellings, such as apartments and condominiums, appealing to various lifestyle needs. The housing market is dynamic, with a healthy balance of historic homes and newer constructions.

What are the advantages of living in Louisville, KY?

Louisville is celebrated for its vibrant cultural scene and the famous Kentucky Derby, which reflects the city's rich equestrian heritage. The community prides itself on its expansive parks system and the annual festivals that bring residents together, showcasing the city's strong sense of community and tradition.

Are essential services in Louisville, KY convenient?

The city is served by a robust educational system, including numerous public and private schools that cater to a range of educational preferences. Louisville's healthcare network is comprehensive, with several hospitals and clinics providing specialized services to meet the community's needs. The public library system is well-established, offering resources and programs for all ages. Retail and dining options are plentiful, with an emphasis on local cuisine and unique shopping experiences.

How do Louisville, KY residents get around?

Louisville's transportation infrastructure includes an extensive network of roads and highways, facilitating easy travel and commuting within the city and to surrounding areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also making strides in enhancing walkability and bikeability, particularly in the downtown area and other key neighborhoods.

Frequently Asked Questions About 7702 Westport Rd

What is the listing price of this property?

The listing price of 7702 Westport Rd property is $2,995,000.

What type of property is this?

The property 7702 Westport Rd is land located in Louisville, Kentucky, 40222.

Is this property for sale now?

Accepting Backup Offers: 7702 Westport Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How much acreage is this property?

The property 7702 Westport Rd is 8.02 acres.
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Rocket HomesKentuckyJefferson CountyLouisville402227702 Westport Rd

This home is located at 7702 Westport Rd in Louisville, KY and zip code 40222. This home sits on a 8.02 acre lot. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $2,995,000.

While more than 183 listings in Louisville, KY in November 2024 were sold above asking price, there were more than 190 listings sold at asking price, and more than 280 were sold below. The number of listings in Louisville, KY decreased by 3.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 125 days, the median list price was $254,840.

From Rocket Homes Real Estate and based on county public records data.

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