Lancaster Homes with Finished Basement

Lancaster Homes with Finished Basement

Welcome to Lancaster, Kentucky – a charming city nestled in the heart of Garrard County, where small-town warmth meets the beauty of nature! Known for its rich history and vibrant community, Lancaster offers a serene lifestyle that appeals to families, retirees, and everyone in between. With its picturesque landscapes and friendly atmosphere, this city is more than just a place to live; it’s a place to thrive.

One of the standout features of homes in Lancaster is the availability of properties with finished basements. These versatile spaces provide endless possibilities, whether you envision a cozy family room, a home gym, or a creative workshop. Finished basements not only enhance your living space but also add significant value to your home, making them a sought-after feature in the Lancaster real estate market.

Imagine hosting gatherings with friends and family in your spacious basement, or enjoying quiet evenings in a beautifully designed space that reflects your unique style. Lancaster's homes with finished basements are perfect for those who appreciate both functionality and charm.

Beyond the homes, Lancaster boasts an array of local amenities, including parks, shops, and dining options that cater to every taste. The community spirit is palpable, with events and activities that bring neighbors together and foster lasting friendships.

If you’re searching for a place where you can enjoy the tranquility of rural living while still having access to modern conveniences, Lancaster is the perfect choice. Explore the real estate options available, and discover your dream home with a finished basement in this delightful Kentucky city!

Newest Lancaster Homes with Finished Basement

$569,900
3 Beds ⋅ 4 Baths ⋅ 26019694 MLS
Near Herrington Lake and approximately 700 feet from Sunset Marina, this completely renovated property offers over 3,100 finished square feet, an income-producing accessory dwelling unit (ADU), and the perfect blend of modern comfort and lake-area living. The extensively renovated home features 2,255 square feet above grade plus a beautifully finished 928-square-foot walkout basement, offering more than 3,100 finished square feet of living space. Renovated throughout in 2024-2025, recent improvements include a stunning new kitchen with new appliances, beautifully updated bathrooms, new flooring, drywall, plumbing, electrical, HVAC, lighting, fixtures, insulation, and more, creating a truly move-in-ready home. Situated on approximately 1.6 acres, you'll enjoy privacy, multiple decks, and plenty of outdoor space to relax, entertain, or simply enjoy the peaceful surroundings. One of the property's standout features is the 672-square-foot accessory dwelling unit (ADU) above the detached two-car garage. This income-producing apartment is currently leased and offers incredible flexibility for generating rental income, accommodating guests or extended family, creating a private home office, or providing additional living space. Whether you're searching for a full-time residence, a weekend lake retreat, or a property with built-in income potential, this home checks all the boxes. Enjoy quick access to Sunset Marina, boating, fishing, kayaking, and everything Herrington Lake has to offer while coming home to a beautifully updated property designed for today's lifestyle. Rarely do you find a home that combines extensive renovations, over 3,100 finished square feet, a finished walkout basement, an income-producing ADU, and a prime location just moments from Herrington Lake. Schedule your private showing today and experience everything this exceptional property has to offer!

197 Sunset Lodge Rd, Lancaster
$779,000
4 Beds ⋅ 4 Baths ⋅ 26019169 MLS
LAKE LIFE PERFECTED! Every thoughtful detail carefully designed and executed in this Craftsman style beauty! Open concept, luxury kitchen, fully finished basement with wet bar, ventless gas stacked stone fireplaces on both floors, tankless gas water heater, screened patio areas, upper and lower outdoor entertaining areas plus outdoor fire pit, hot tub, walkable access to the calmest water on Herrington Lake, +2 acre lot. The Herrington Hills subdivision welcomes you to a neighborhood that has no overhead powerlines, a private boat ramp, recreation shelter, playground, boat/trailer/RV storage creating a serene, rural dreamscape. A MUST SEE!!!

975 Lakeside Dr, Lancaster
$510,000
4 Beds ⋅ 3 Baths ⋅ 26017715 MLS
Offered for the first time, this one-owner, custom-built ranch is nestled on a peaceful 1.6-acre lot, offering over 3,900 square feet of living space. This exceptional home combines spacious living with the tranquility of the countryside while remaining just a short drive to Danville, Nicholasville, Lexington & Herrington Lake. The open-concept floor plan is filled with natural light and showcases soaring vaulted ceilings, creating an inviting atmosphere for everyday living and entertaining. The well-appointed kitchen features a breakfast bar and flows seamlessly into the dining room, providing the perfect setting for casual meals or holiday gatherings. A desirable split-bedroom design offers added privacy, with a spacious primary suite featuring a walk-in closet and private ensuite bath, while two additional bedrooms and a full bath complete the main level. The fully finished walkout basement greatly expands the home's versatility with a fourth bedroom, two bonus rooms ideal for a home office, fitness room, hobby space, or guest accommodations, plus expansive recreation and gathering areas. Step outside to the covered deck overlooking the picturesque countryside—an ideal place to enjoy your morning coffee or unwind while taking in breathtaking sunrise. With its flexible floor plan, generous living space, and peaceful setting, this exceptional property is ready to welcome you home.

57 Lauren Ln, Lancaster
$699,900
6 Beds ⋅ 5 Baths ⋅ 26005600 MLS
Space, views, and room to actually live. This 6 bedroom, 5 bathroom home at Palisades Point offers a layout that gives everyone their own place while still bringing people together in all the right areas. The main level opens up around a large kitchen with granite countertops, a walk-in pantry, and plenty of room to cook, gather, or just hang out. Natural light carries through the living and dining spaces, all positioned to take in the surrounding countryside. Upstairs, the primary suite stands out with its own private balcony deck, creating a quiet spot to start or end the day. Throughout the home, you'll find flexible spaces that can shift with your needs, whether that's additional living areas, work-from-home setups, or guest space. The finished basement adds even more room to spread out, complete with a wet bar and direct access to the backyard. Step outside and you'll find a fenced yard, outdoor kitchen area, hot tub, and multiple levels of decking designed for relaxing or hosting. A 4+ car garage, wood shed, and generous storage round out the practical side of the property. Set in a country setting close to the Tom Dorman walking trails but within a comfortable drive to Danville, Nicholasville, and Lexington, this home offers space without sacrificing convenience.

202 Palisades Pointe Dr, Lancaster
$698,900
4 Beds ⋅ 4 Baths ⋅ 26014916 MLS
Welcome to 205 Woodside Way, a beautifully updated home tucked at the end of a quiet cul-de-sac on 6.285 private acres in Lancaster, KY. Surrounded by mature trees, this property offers a peaceful setting while remaining convenient to Herrington Lake, Peninsula Golf Resort, Danville, Nicholasville, and Lexington. The home features 4 bedrooms, 4 full bathrooms, and a finished walkout basement with an in-law suite, providing excellent flexibility for guests, extended family, additional living space, or potential short-term rental use. Recent updates include a new concrete driveway, gutters & downspouts, brand-new deck, finished basement, hardwood flooring, and an updated primary bathroom with marble finishes, soaking tub, new vanity, shower, and lighting fixtures. Additional improvements include crawlspace encapsulation, a commercial-grade dehumidifier, and sump pit, helping provide added comfort and confidence for the next owner. An adjoining 2.902-acre lot is also available for purchase, giving buyers the opportunity for additional privacy, acreage, or future use. Private, updated, and full of possibilities. This property offers the space and setting buyers are looking for.

205 Woodside Way, Lancaster
$399,000
3 Beds ⋅ 3 Baths ⋅ 26009739 MLS
Herrington Lake!!! This lake home has it all! Two covered porches, super easy walk down to the water! 3 Bedrooms, 3 Full Baths! Very nice open kitchen, fully applianced, abundance of granite counter space great for entertaining! Grand cathedral ceiling, the living room flows to the covered deck perfect for hosting your friends and family! This property truly features all amenities to enjoy all lake-life has to offer! Carry Nation is conveniently located just a couple miles off Hwy 27 in North Garrard, quick drive from Lexington and minutes to Danville! Ideal location on the lake, sits at the edge of Midlake Marina no-wake! Furnishings included!

1076 Carry Nation Rd, Lancaster
$929,999
4 Beds ⋅ 4 Baths ⋅ 26014862 MLS
Welcome to your private Kentucky retreat. On 14.76 picturesque acres, this fully updated 4-bedroom, 3.5-bath ranch offers a rare combination of luxury living, recreational land, and a stunning 3.6-acre stocked pond. Designed for both everyday comfort and entertaining, the main level features beautiful hardwood flooring, an open-concept living area, a stone fireplace, and a beautifully renovated kitchen with white shaker cabinetry, granite countertops, an oversized island, and GE Café stainless steel appliances. The primary suite serves as a true retreat with a custom walk-in closet, double vanity, and luxurious tiled shower. The finished walkout basement dramatically expands the living space with a second full kitchen featuring GE Profile appliances, two additional bedrooms, two full bathrooms, and flexible bonus space ideal for guests, multigenerational living, recreation, or a home office. Step outside and experience what truly sets this property apart. The 3.6-acre stocked pond, complete with a floating dock, creates an incredible setting for fishing, kayaking, entertaining, or simply enjoying the peaceful views. The surrounding acreage provides exceptional privacy, room to roam, and endless possibilities for outdoor recreation, hobby farming, or future expansion. Additional features include a detached garage with electric, multiple outbuildings for storage or workspace, and a 32' x 14' storm shelter for added peace of mind. Despite its private setting, the property is conveniently located just 30 minutes from Richmond and less than an hour from downtown Lexington, offering easy access to shopping, dining, healthcare, and entertainment while maintaining the peace and privacy of country living. Whether you're searching for a private residence, weekend getaway, or potential short-term rental investment, opportunities like this are exceptionally hard to find. Luxury, land, water, and privacy—all in one remarkable property.

535 Twin Lakes Dr, Lancaster
$825,000
3 Beds ⋅ 3 Baths ⋅ 26011297 MLS
A Peaceful Country Retreat Escape to the countryside with this stunning 81.5-acre +/-farm offering the perfect blend of comfort, functionality, and natural beauty. This charming home features 3 bedrooms and 2.5 baths, a spacious eat-in kitchen, large living room with fireplace, office, and utility room. The finished basement area adds a den and half bath. Step outside to a breathtaking porch wrapping around three sides of the home where you can unwind and take in the serene views of your land. The property is a dream for livestock and outdoor lovers alike—ideal for cattle and horses with lush hay fields, two ponds, and a main creek forming the back boundary, along with two additional branches flowing through the farm. There is red & white oak along with walnut timber on the property. Wildlife is abundant with deer and turkey frequently seen, adding to the peaceful rural charm. The impressive 56x70 barn includes 5 stalls , a tack room, and includes a 20x60 workshop featuring a concrete floor—perfect for equipment, hobbies, or storage. This property offers privacy, beauty, and endless possibilities—whether you're farming, ranching, or simply enjoying country living at its finest. Property cannot have another home built on it in addition to the one that is there.

173 Brewer Way, Lancaster
$736,600
4 Beds ⋅ 4 Baths ⋅ 26015277 MLS
The Lakefront Dream Home you've always wanted, complete with income producing potential to help pay the bills. This stunning 4 Bedroom, 3.5 Bath property offers essentially two homes in one, designed with immaculate craftsmanship and attention to detail throughout. The main level features an open concept living area with soaring 17 foot ceilings accented by white oak beams and elegant chandeliers, a floor to ceiling stone fireplace, white oak flooring, granite countertops, built in wet bar, and a chef's kitchen that truly defines luxury. The primary suite includes a spa style bathroom with a soaking tub and glass tile shower, plus a half bath and a convenient laundry/mudroom finish off the main floor. Upstairs, you'll find custom built in bunks for four, a matching window seat, a full bath, and generous storage space. The finished basement offers a complete second home with 9 foot ceilings, open concept living, kitchen, and dining areas, two bedrooms, a full bath, and laundry, ideal for rental income or multigenerational living. Outdoor living shines with a covered screened in porch, fenced grassy area, and a full-length deck overlooking Herrington Lake. Enjoy your private dock located in a no wake zone, complete with storage and space to relax and soak up the views. Additional features include two separate 200 amp electric service, two 50 amp RV charging stations, two heat pumps with three zone thermostats, and a 5-stage whole house water filtration and softener system. Every detail has been thoughtfully designed. This home truly has it all!!!

189 Red Gate Rd, Lancaster
$599,900
5 Beds ⋅ 3 Baths ⋅ 26010291 MLS
Custom-built home in scenic North Garrard County situated on a 1-acre lot with beautiful country views. This 5-bedroom, 3-bath home features a spacious living room with tall ceilings and hardwood flooring, along with a private primary suite that includes a relaxing tub. The split-bedroom floor plan offers spacious rooms including an additional bedroom on the main level, while the centrally located kitchen with breakfast area overlooks the large deck and backyard. The finished basement provides excellent additional living space with 3 more bedrooms, a full bath, sitting area, media/exercise room, and a large multipurpose theater/recreation room. A detached garage/workshop is privately located at the rear of the property, with a concrete driveway extending to the street. The backyard borders farmland, offering a peaceful setting. Newly painted interior. Schedule your showing today.

466 Woodridge Dr, Lancaster
$1,200,000
4 Beds ⋅ 4 Baths ⋅ 26005739 MLS
Positioned along the shores of Herrington Lake in Woodlawn Estates, this lakefront retreat offers over 4,000 square feet of refined living space designed for gathering, entertaining, and enjoying life on the water. Offering 4 bedrooms and 4 full bathrooms, this home is designed with both space and intention in mind. The main level showcases a bright, open living area with large windows capturing stunning lake views, along with an updated kitchen and multiple fireplaces that add warmth and character throughout. Hardwood and tile flooring elevate the finishes across the home. The walkout basement is fully finished and thoughtfully equipped with a wet bar, creating the perfect space for hosting, extended stays, or private guest quarters. The separate guest apartment offers added flexibility for visitors or multi-generational living. Outdoors, enjoy direct lake access and your own private dock, making it easy to spend your days boating, relaxing, and taking in everything Herrington Lake has to offer. Ideally located just moments from Peninsula Golf Course, this property offers the rare opportunity to enjoy both lakefront living and premier golf in one exceptional setting. Don't miss the chance to own a standout lakefront property in one of the area's most sought-after neighborhoods.

866 Donmar Dr, Lancaster
$395,000
3 Beds ⋅ 3 Baths ⋅ 26013287 MLS
Great all brick home with a basement in Northern Garrard County!! Just across the river your new home awaits. Situated on 1 acre, this is the perfect size for privacy and a garden. From the covered front porch you enter the home into the living room featuring a vaulted ceiling and hardwood floors. The kitchen features a full suite of appliances, a breakfast bar and an eat in dining area. The pantry is an unexpected surprise. No need to store those cereal boxes on top of the fridge !! The primary bedroom is spacious, with an abundance of natural light and a tray ceiling. The walk in closet is a bonus. The 2nd bedroom is spacious and features a full bath right off the room in the hall. The laundry room is located on the main level. The abundance of cabinetry offers so many storage options. From the main level you walk out onto a new covered back deck that is completely shaded in the afternoon. The lower level offers a large bedroom and a flex room that could be a great entertainment area or a 4th bedroom. Having a full bath on this level is a bonus. The 1 car garage is extra deep. No worries about parking your truck here. The detached garage offers endless possibilities. Completely spray foam insulated, you can enjoy any project year round and be comfortable. The stairway in the detached garage walks up to a huge storage area. The view from the back deck is phenomenal. Finally, you can enjoy seeing nothing but trees with not a roofline in sight from your back deck. The gently sloping back yard has many areas that are level. Imagine a backyard garden or your kids playing on a swing set while you take in your personal heaven. This house will make you want to unplug, re-set and start a project in your amazing garage/workshop or watch for shooting stars. No phone screen shining, only lightning bugs dancing in the air. This is your chance to live the good life. Don't wait. Call ASAP !

602 Tuggle Rd, Lancaster
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