$260,000
3 bd · 1.5 ba · 1,668 sqft
2176 Stephens Lane, Lexington, KY 40504
Courtesy of Real Broker, LLC
Listing data updated July 26, 2026
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Most homes in Garden Springs sell between $200,000 and $300,000, with the median around $271,000. Updated homes with renovated kitchens, new mechanical systems, and modern finishes will command the higher end of that range. Original-condition homes that need work can be found below $250,000. This is one of the most affordable established neighborhoods in Lexington with access to A-rated schools.
The names are used interchangeably by residents. "Gardenside" typically refers to the specific subdivision established around 1950, while "Garden Springs" is the broader neighborhood identity that includes the surrounding blocks. The Greater Gardenside Association serves the entire area. When searching for homes, try both names — listings may use either one.
Garden Springs is zoned for Garden Springs Elementary (12:1 student-teacher ratio), Beaumont Middle (A-rated), and Paul Laurence Dunbar High School (A-rated, 25 AP courses). This is the same school pipeline that serves Firebrook , where the median home price is nearly double. The school zone is one of Garden Springs' most significant value drivers.
Approximately 3 miles, which translates to an 8-to-10-minute drive under normal traffic conditions. The neighborhood is also roughly 3 miles from the University of Kentucky campus and UK HealthCare, making it one of the closest affordable neighborhoods to Lexington's two largest employment centers.
No mandatory HOA. The Greater Gardenside Association is a voluntary neighborhood organization that coordinates community events and represents resident interests. There are no mandatory fees, no architectural review requirements, and no restrictions on exterior modifications. Participation is encouraged but entirely optional.
Garden Springs is one of the best neighborhoods in Lexington for first-time buyers. The median price of $271,000 is accessible with conventional financing and FHA loans. The homes are solidly built, the school zone is excellent, and the proximity to downtown and UK keeps the neighborhood in demand — which protects your investment. The main consideration is the age of the housing stock; budget for potential updates to mechanical systems and cosmetic features.
The Greater Gardenside area includes six or more public parks: Garden Springs Park, Gardenside Park, Addison Park, Cross Keys Park, Pine Meadows Park, Wolf Run Park, and Beaumont Park. This is one of the highest park-to-resident ratios of any neighborhood in Lexington. No matter where you live in the neighborhood, a park is within walking distance.
The fundamentals are strong: close-in location (3 miles from downtown), A-rated schools, no HOA fees, and a median price well below the city average. As Lexington continues to grow outward and commute times increase, established neighborhoods near the city center tend to appreciate faster than suburban fringe areas. Garden Springs is also popular with renters (UK proximity), which gives investors a reliable tenant pool. The combination of low acquisition cost and strong demand makes this neighborhood a solid long-term investment.
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