Looking for a property that offers both a private residence and income-producing potential? This unique 5-acre property features a private home PLUS two additional rental units, creating an opportunity to offset your mortgage, generate rental income, or accommodate guests and extended family. Prefer an investment opportunity? The property could also serve as a multi-unit rental compound with plenty of room to enjoy. Take advantage of the saltwater swimming pool and convenient location just next to Meadowgreen Music Park and approximately 20 minutes from Natural Bridge State Park and the Red River Gorge. Whether you're looking for a place to call home, an income-producing investment, or a combination of both, this property offers versatility and opportunity!
Single-familyProperty Type
1970Year Built
5 acresLot Size
$174Price/Sq.Ft.
2 car garageParking
Listed by Michelle Rush• Re/Max Creative Realty - Mountain Legacy Group
Listed by Jacqueline Townsend• Re/Max Creative Realty - Mountain Legacy Group
Enjoy Country living in this ranch on a full basement with 5 acres. Three bedrooms upstairs, although owner currently uses master as a den area. Large laundry room on main level. Kitchen was updated recently, with granite counters and new appliances. . Hardwood floors upstairs with laminate in the third bedroom. Home features a pool, large deck that overlooks the river, and a detached garage. Seller welcomes inspections but is selling as is, Lot is located on cliff over river, but high enough that it is not subject to flooding. Detached garage has a large one bedroom apartment with full kitchen and w/d hookup. Efficiency apartment downstairs. These currently generate income on AirBnB {$200 per night}, but could be used as guest quarters or MIL suite.
Year
Property tax
Land + Additions
Assessment*
2025
$1,318 (−42.2%)
2024
$2,281 (−1.0%)
2023
$2,303 (+1.9%)
2022
$2,260 (+21.2%)
2020
$1,865 (+308.1%)
2019
$457 (−1.8%)
2018
$466 (+4.1%)
2017
$447 (−1.1%)
2016
$452
Public record
Beds
3
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
5 Acres
Year renovated
—
Finished Sq. Ft.
1,092
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,092
Year built
1970
Style
Single Family Residential
County
Powell County
APN
08P-00-00-215.00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
5% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Clay City, KY • 40312
Average low and high temperatures (°F)
39°
22°
49°
30°
66°
43°
73°
52°
75°
56°
85°
65°
88°
71°
86°
64°
83°
59°
70°
49°
59°
42°
48°
33°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Clay City. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 295 Forge Mill Rd
$379,928
$72 under list price of $380K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $222K to $325K.