$499,000
4 bd · 2.5 ba · 3,262 sqft
2868 Jenna Rest, Lexington, KY 40511
Courtesy of ERA Select Real Estate
Listing data updated July 26, 2026
About the Neighborhood
Living in Masterson Station
Masterson Station is Lexington's largest subdivision by population, and there's a reason for that. It hits a sweet spot that's hard to find anywhere else in the city: affordable newer construction, a 650-acre park literally in your backyard, and a location that puts you 10–15 minutes from downtown without feeling like you're in the middle of the sprawl.
This is the neighborhood I recommend most often to first-time buyers and young families who want a real house — not a condo, not a townhome, but a three- or four-bedroom home with a garage and a yard — without stretching into the $400K–$500K range. In Masterson Station, that's achievable, and you're not sacrificing quality to get there.
On the market now
Homes for Sale in Masterson Station
$459,900
5 bd · 3 ba · 3,044 sqft
2845 Majestic View Walk, Lexington, KY 40511
Courtesy of Keller Williams Bluegrass Realty
$425,000
4 bd · 3.5 ba · 3,183 sqft
2863 Our Tibbs Trail, Lexington, KY 40511
Courtesy of Real Broker, LLC
$420,000
5 bd · 3.5 ba · 3,300 sqft
919 Winding Oak Trail, Lexington, KY 40511
Courtesy of Commonwealth Real Estate Professionals
$415,000
3 bd · 2.5 ba · 1,825 sqft
925 Winding Oak Trail, Lexington, KY 40511
Courtesy of Omega Real Estate Brokerage LLC
$409,500
4 bd · 2.5 ba · 2,454 sqft
3084 Majestic View Walk, Lexington, KY 40511
Courtesy of Lifstyl Real Estate
Neighborhood guide
Inside Masterson Station
- Masterson Station feels like its own little city on the northwest edge of Lexington. It's the last stop before the rolling hills and thoroughbred-filled pastures of the Kentucky countryside, and that transition from suburb to Bluegrass gives the area a character that's different from anywhere else in town.
The neighborhood is young — not just in when it was built (mid-1990s onward), but in who lives here. You'll see a lot of young families, first-time homeowners, and professionals in their 20s and 30s. Strollers on the sidewalks, kids at the community pool, dogs at the park. It's active and growing.
There's a community pool managed by the Masterson Station Neighborhood Association, a clubhouse on Masterson Station Drive that can be rented for events, and a smaller neighborhood park called Masterson Hills Park with a play area. The HOA keeps common areas maintained and organizes neighborhood activities.
But the real anchor is Masterson Station Park — 650 acres of trails, soccer fields, playgrounds, a sprayground, fishing lake, dog park, and a full equestrian complex. It's not just a park near the neighborhood. It IS the neighborhood's identity. - Masterson Station started developing in the mid-1990s with builders like PSC and Barlow Homes, and construction has been nearly nonstop since. About 70% of the homes were built after 1999, with the median construction year being 2002. New homes are still being built today.
Entry level ($250K–$320K): Three-bedroom, two-bath homes and townhomes. Vinyl siding, open floor plans, attached one- or two-car garages. Perfect for first-time buyers who want something they can grow into. At this price, you're getting modern construction with functional layouts — nothing flashy, but everything works.
The core ($320K–$400K): Four-bedroom homes with two-car garages, updated kitchens, and larger lots. This is where most of the inventory sits. Many have been lightly updated by their first owners — new countertops, fresh paint, maybe a deck or patio addition. Styles lean modern traditional with farmhouse accents.
Upper range ($400K–$450K+): Newer builds or significantly updated homes on larger lots. Some back up to the park or have views of the surrounding horse country. At this price, you're getting the best of what Masterson has to offer.
The median sale price is approximately $335K with homes averaging just 14 days on market — well below the national average of 49 days. That tells you everything about demand here. - The land where Masterson Station sits has deep roots. In 1775, Richard Masterson of Virginia surveyed and settled this land, building a two-story log house. In 1788, he built what is considered the first Methodist church in Kentucky on this property. In 1790, Bishop Francis Asbury held the first Methodist Conference west of the Alleghenies in Masterson's home.
The land later became a federal property. In 1929, Congress authorized the U.S. Public Health Service to build a narcotic farm here — one of the nation's first addiction treatment facilities. The hospital was constructed between 1933 and 1935 on over 1,200 acres. It operated until 1974, when it closed and part of the land was transferred to Lexington for recreation — with the condition it remain public open space forever. That land became Masterson Station Park.
A portion still operates as the Federal Medical Center, Lexington (Bureau of Prisons). The residential subdivision began developing on the remaining land in the mid-1990s.
It's a fascinating history — from frontier settlement to federal institution to one of Lexington's most popular neighborhoods. And that mandated open space is why you have 650 acres of park that can never be developed. That's not going away. - Shopping and groceries: The Kroger at 1600 Leestown Road is the primary grocery anchor — it's a full-service store with a Starbucks, cafe, and liquor store in the Meadowthorpe Manor Shoppes center. Crossroads IGA and Fruteria Las Veracruzanas offer additional grocery options. Meijer owns a corner property on Citation Road, and commercial development is expanding along that corridor.
Dining: Ramsey's Diner at Masterson Station is a Lexington institution — Kentucky comfort food, meat-and-three plates, a neighborhood staple. The Service Station is a bar built in a former Texaco station with creative cocktails, rotating food trucks, and a dog-friendly patio. Osaka Japanese, Rose & Jim's Bar & Grill, and Drake's Leestown are all accessible. Windy Corner Market — just north of Lexington on the way to horse farm country — serves Po-Boys, burgers, seafood, and baked goods in a setting that feels like you've left the city entirely.
Essentials: The Meadowthorpe Manor Shoppes center has a Walgreens, Family Dollar, Papa John's, The UPS Store, and H&R Block. It's not Hamburg Pavilion, but it covers the basics, and the bigger shopping centers are a 10–15 minute drive. - This deserves its own section because Masterson Station Park isn't just a park — it's 650 acres, making it Lexington's largest park by a significant margin.
What's inside:
Soccer complex with multiple fields
Playground and sprayground (splash pad) for kids
Fishing lake
Hiking and bicycling trails across rolling Bluegrass terrain
Picnic shelters and tables
Fenced off-leash dog park (two-sided)
Full equestrian complex with indoor and outdoor riding arenas, stabling, cross-country course, and dressage complex
Public horseback riding lessons year-round through the Masterson Equestrian Program — beginner through advanced, available at little or no charge
Annual home of the Lexington Lions Bluegrass Fair
The equestrian program is something most people don't know about. Your kids can take horseback riding lessons in Kentucky horse country, for free or nearly free, at a facility within walking distance of your home. That's a genuinely unique amenity.
The 650 acres are protected by the original land transfer agreement — they must remain public open space. No developer can touch it. That permanence is a real asset for property values in the surrounding neighborhood. - Masterson Station sits on the northwest side of Lexington along Leestown Road, with I-64 access nearby:
Downtown Lexington: 10–15 minutes (about 5 miles)
University of Kentucky campus: 12–18 minutes
Hamburg / east side: 20–25 minutes
Georgetown / Toyota: 20–25 minutes via I-64 to I-75
Bluegrass Airport: 20 minutes
Lextran bus Route 13 serves Masterson Station and connects to UK campus and downtown, which is a plus for anyone who doesn't want to drive every day.
Leestown Road can get congested during rush hour, but it's manageable. The I-64 access at Exit 65 gives you an alternative route when Leestown backs up. - First-time buyers — this is one of the most popular neighborhoods in Lexington for buyers making their first purchase. The price point, newer construction, and community amenities make it an easy choice.
Young families — the park, the community pool, the neighborhood association, the equestrian program. It's all built for families with young kids.
Budget-conscious professionals — people who work downtown or at UK and want to own rather than rent, without overextending. A $335K mortgage is achievable on two professional incomes in a way that $500K+ isn't.
Military and federal employees — the Federal Medical Center is adjacent, and the neighborhood has historically had a connection to federal employment in the area. - HOA: Masterson Station has an active neighborhood association (MSNA) managed by All Points Community Management. Dues cover common area maintenance, the community pool, and the clubhouse. This is a real, functional HOA — not just a name on paper.
Property taxes: On a $335K home, expect roughly $3,000–$3,800 annually in Fayette County taxes.
Speed of market: Homes here average 14 days on market. That's fast. If you see something you like, don't wait a week to think about it. We need to be ready to make an offer quickly.
New school development: FCPS purchasing 14 acres for new schools is a long-term positive. When those schools open, it will likely push property values up. Buying before that happens is a smart move.
This is a neighborhood that's still maturing — the best sections are getting better as landscaping fills in, trees grow, and the community settles.
If you're looking for the best value in Lexington — a real home in a real neighborhood with a 650-acre park at your doorstep — Masterson Station should be at the top of your list. Reach out and I'll show you what's available.
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Schools
Schools in Masterson Station
Masterson Station is primarily served by Sandersville Elementary (rated 7/10 on GreatSchools), which is located within the neighborhood itself — walkable for many families. Coventry Oak Elementary also serves parts of the area. For middle school, students attend Leestown Middle School (6/10), and for high school, Bryan Station High School.
Worth noting: Fayette County Public Schools has purchased 14 acres within Masterson Station for a new elementary and middle school. When that develops, it will significantly upgrade the school infrastructure serving the neighborhood.
The school ratings here aren't at the level of Chevy Chase or Andover, and I'm upfront about that with buyers. But the ratings are improving, the investment in new school facilities shows the district's commitment, and for many families, the combination of affordable housing plus a 650-acre park plus the community feel outweighs the school rankings.
Worth noting: Fayette County Public Schools has purchased 14 acres within Masterson Station for a new elementary and middle school. When that develops, it will significantly upgrade the school infrastructure serving the neighborhood.
The school ratings here aren't at the level of Chevy Chase or Andover, and I'm upfront about that with buyers. But the ratings are improving, the investment in new school facilities shows the district's commitment, and for many families, the combination of affordable housing plus a 650-acre park plus the community feel outweighs the school rankings.
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Neighborhoods Near Masterson Station
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Masterson Station in My Guides
Questions
Masterson Station Home-Buying FAQ
The median sale price in Masterson Station is approximately $335,000, with homes ranging from the $250Ks for townhomes and smaller homes to the mid-$400Ks for larger, newer builds.
Sandersville Elementary (7/10 GreatSchools) is located within the neighborhood. Leestown Middle School (6/10) and Bryan Station High School serve the area for older students. FCPS has purchased 14 acres in Masterson Station for future new elementary and middle school facilities.
Masterson Station Park is 650 acres — Lexington's largest park. It includes a soccer complex, playground, sprayground, fishing lake, hiking and biking trails, a dog park, and a full equestrian complex with public riding lessons available year-round at little or no charge.
Masterson Station is about 5 miles from downtown Lexington, roughly 10–15 minutes by car. I-64 access is nearby via Exit 65, and Lextran bus Route 13 connects the neighborhood to UK campus and downtown.
Yes. The Masterson Station Neighborhood Association operates a community swimming pool with memberships available since 2007. There's also a neighborhood clubhouse on Masterson Station Drive available for private events.
Mix of single-family homes and townhomes, mostly built from the mid-1990s to present. Styles are modern traditional with farmhouse accents, typically 3–4 bedrooms. About 70% of homes were built after 1999, so you're getting relatively modern construction across the board.
Homes here average just 14 days on market — well below the national average. The combination of affordable pricing, newer construction, the 650-acre park, and strong demand from first-time buyers keeps inventory moving quickly.
The land was originally settled by Richard Masterson in 1775. It later became a federal narcotic farm (one of the first addiction treatment facilities in the nation) from 1935 to 1974. When the facility closed, the land was transferred to Lexington with the mandate that it remain public open space — creating the 650-acre Masterson Station Park that can never be developed.
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