At the bottom of the market just a few years ago, it seemed like $350k was a HUGE budget. It still gets you a very nice house, but most of the popular choices like Firebrook, Palomar, Hartland, Andover Forest and Chevy Chase are now well over $400k for a fairly updated home.
Here are a few neighborhoods that I always like to make sure my $350k buyers are aware of:
Dogwood Hills-This is an 80’s neighborhood with large traditional houses located out Harrodsburg Road across from Firebrook. I’ve always described Dogwood Hills as upscale but not pretentious. It just has a comfortable, cozy vibe to it that I have always found appealing. You’ve got a great southwest Lexington location, there is a shopping center with a Kroger right next door, and you have a great city park in the back of the neighborhood.
Rabbit Run-This is a late 80s/early 90s neighborhood. I am taking about Wellington Lane, part of Wellington Way, Meadowbrook Drive, Meadowbrook Court, Comanche Trail, Comanche Court, Blenheim Way and Blenheim Court. Rabbit Run does have a section of medium sized houses on small lots. There is also an adjoining neighborhood whose real name is Saint Stephen’s Green at Rabbit Run….but most people call it all Rabbit Run these days. Now that I have cleared up all that, what do I like about it? Like Dogwood Hills, it does have that cozy, comfortable upscale vibe to it. I think it’s best feature is the location. It is right in the middle of everything you want on the southwest end of Lexington. Both Man O War and New Circle Road are minutes away. You can sneak in the back way to get to Fayette Mall without ever being on Nicholasville Road. You have all the great things that Harrodsburg Road offers very close, such as the YMCA, library, restaurants, gym, grocery stores…even a hardware store.
Lansdowne-This neighborhood has become very trendy. $350k doesn’t go as far as it use to here. What makes it special is that you get a mid-century neighborhood with large lots inside New Circle Road and close to UK, downtown and Chevy Chase. You can also get to about anything on Nicholasville Road by taking one of the side streets like Zandale, Malabu or Reynolds Road. A popular spot for many residents is the Signature Club. It has a great swimming pool. You can enjoy the club even if you are not a member and dine in “The Cellar.” As if this location was not ideal enough, you are very close to The Lansdowne Shoppes which has several amazing businesses such as The Fresh Market (One of my favorite grocery stores-great sushi!)
Stonewall-This is my default suggestion when people tell me they want a safe neighborhood with good performing schools and they want a huge yard in south Lexington. I guess it is my default because it is about the only neighborhood that meets all that criteria. Stonewall is a 1960s neighborhood that use to be just outside of Lexington. Just beyond Stonewall is a 70s neighborhood called Grasmere. Some people think Grasmere is part of Stonewall, but it isn’t. Grasmere has a similar feel to it, although the lots are a little smaller and the houses are about 10 years newer. It is a little cheaper too. When Stonewall won’t fit in your budget, look in Grasmere. Stonewall is right off Clays Mill Road just outside of New Circle. It is just a few minutes away from Rabbit Run, so you get all the same location perks.