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 stunning natural beauty. Known for its rich history and vibrant community, Lancaster offers a unique blend of rural tranquility and modern conveniences. With its picturesque landscapes, friendly neighborhoods, and a strong sense of community, it's no wonder that Lancaster is becoming a sought-after destination for homebuyers.

One of the standout features of homes in this area is the availability of properties with finished basements. These versatile spaces provide endless possibilities, whether you envision a cozy family room, a home theater, or even a personal gym. Finished basements not only enhance your living space but also add significant value to your home. In Lancaster, you’ll find a variety of homes with these desirable features, catering to families of all sizes and lifestyles.

Lancaster is also home to excellent schools, beautiful parks, and a variety of local shops and restaurants that add to its charm. The city’s rich cultural heritage is celebrated through various community events and festivals throughout the year, fostering connections among residents and creating a vibrant social scene.

If you’re looking for a place that combines the warmth of a close-knit community with the comfort of spacious homes, Lancaster, KY, is the perfect choice. Explore our listings today and discover your dream home with a finished basement, where you can create lasting memories for years to come!

Newest Lancaster Homes with Finished Basement

3 Beds ⋅ 3 Baths ⋅ 26022940 MLS

Welcome to move-in ready, spacious and conveniently located, country living! This beautifully maintained brick/vinyl ranch offers 3+ bedrooms, 2.5 baths, and nearly 3,000 sq. ft. of finished living space. Set on more than 2 picturesque acres, it overlooks the peaceful, rural neighborhood. The main level features a spacious primary suite, utility room, hardwood flooring throughout the living and kitchen areas, and impressive vaulted and tray ceilings. The full, finished basement provides abundant additional living space, including bonus rooms that could easily be converted to additional bedrooms, along with a bathroom for added convenience. Enjoy peace of mind with several major updates already completed, including a new septic system (2024) and a new roof (2023). The HVAC system and water heater are only 7 years old. The two-car attached garage provides convenient parking and storage. Located in a quiet neighborhood with beautiful country views, this property is just minutes from US-27 between Lexington and Lancaster. Approximately 20 minutes from Nicholasville and only a 30 mile drive to Blue Grass Airport and historic Keeneland Thoroughbred racetrack. Offering an ideal combination of spacious living, acreage, privacy, and convenient access to surrounding communities, this property is a must-see.

31 Chandler Way, Lancaster

5 Beds ⋅ 4 Baths ⋅ 26021637 MLS

Tucked away in the coveted No Wake zone of Hidden Point on Herrington Lake, this beautifully updated 5 bedroom, 4 bathroom home offers the perfect blend of privacy, comfort and lakefront living. Thoughtfully renovated throughout, the home features a stunning new kitchen with custom cabinetry, quartz countertops, designer tile backsplash and under-cabinet lighting ideal for both everyday living and entertaining. Hand-scraped hardwood floors span two levels, complemented by fresh paint and spa-like updated bathrooms with tiled showers. Multiple living spaces include two inviting family rooms, anchored by a striking stack-stone fireplace with gas logs. The lower level adds flexibility with an additional bedroom and full bath, perfect for guests or multigenerational living. Outdoor living truly shines with multiple Trex decks, a hot tub and beautifully landscaped grounds that lead to the water via two stone pathways. Enjoy effortless lake days from your private covered dock, complete with boat lifts, storage and more. A 24' x 24' carport, geothermal heating and air and a new laundry closet with built-in cabinetry (washer and dryer included) round out this exceptional property. A pristine, move-in-ready retreat designed for relaxed lake living. This is Herrington Lake at its finest.

343 Ron Clar Dr, Lancaster

5 Beds ⋅ 5 Baths ⋅ 26021510 MLS

Custom-built home on 5 fenced acres surrounded by beautiful Kentucky farmland. Offering 5 bedrooms, 4.5 baths and a finished walkout basement, this property is ideal for a hobby farm, homestead or anyone wanting acreage without the upkeep of a large farm. The main level features a spacious den with hardwood floors, custom built-ins and fireplace, plus a large kitchen with granite countertops, abundant cabinetry and generous pantry. The main-floor primary suite includes a spacious bath with soaking tub and oversized double vanity. Two additional bedrooms and a flexible fourth room provide space for another bedroom, home office or playroom. Each main-floor bedroom has access to its own full bath. A convenient mudroom/family entrance off the garage provides everyday storage for shoes, coats and backpacks. The finished walkout basement adds substantial living space with a large entertainment room, wet bar, two additional rooms ideal for guest space, offices or a home gym, plus extensive storage. French doors open directly to a covered patio. Outside, enjoy a covered front porch, covered back porch, spacious fenced backyard, fenced garden, horse stable and dog kennel. An extensive gated system makes accessing and managing the different areas of the property easy. Located among hundreds of acres of scenic farmland, this property offers the space and amenities for horses, gardening, a hobby farm or homestead while still maintaining a manageable 5-acre tract. Relax on the back porch and enjoy miles of rolling Kentucky countryside and spectacular sunset views.

5792 State Highway 590, Lancaster

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

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

6 Beds ⋅ 5 Baths ⋅ 26005600 MLS

Luxury, space, and room to breathe. 202 Palisades Pointe Drive offers a rare combination that is increasingly hard to find. Set on nearly 2 acres in Lancaster, this impressive 6-bedroom, 5-bath home offers approximately 5,326 square feet of finished living space designed for both everyday comfort and exceptional flexibility. The showpiece feature is the rare 5-car garage; ideal for car enthusiasts, boat owners, hobbyists, collectors, or anyone who simply wants serious storage and workspace without sacrificing living space. It is the kind of feature that immediately sets this property apart from most homes in the area. Inside, the home offers generous living areas, multiple gathering spaces, and the versatility to create guest quarters, home offices, recreation areas, multigenerational living, or private retreats throughout the home. With six bedrooms and five baths, there is room for everyone without feeling crowded. Outside, the nearly 2-acre setting provides the privacy and breathing room buyers are looking for, while still keeping you connected to Central Kentucky. 202 Palisades Pointe delivers an uncommon amount of home, garage space, privacy, and versatility for the price. If you have been looking for more space, more flexibility, and a home that offers something genuinely different from the typical listing, this one deserves a closer look. Schedule your private showing and experience 202 Palisades Pointe in person.

202 Palisades Pointe Dr, Lancaster

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

4 Beds ⋅ 4 Baths ⋅ 26014862 MLS

Set on 14.76 acres, this updated 4-bedroom, 3.5-bath ranch offers privacy, flexible living space, and a 3.6-acre stocked pond with a floating dock. The main level features hardwood flooring, an open living area with a stone fireplace, and a renovated kitchen with white shaker cabinetry, granite countertops, an oversized island, and GE Café stainless steel appliances. The primary suite includes a custom walk-in closet, double vanity, and tiled shower. The finished walkout basement provides two additional bedrooms, two full bathrooms, a second kitchen with GE Profile appliances, and bonus space that can be used for guests, multigenerational living, recreation, or a home office. Outside, the property includes a detached garage with electric service, multiple outbuildings, and a 32' x 14' storm shelter. The acreage and stocked pond provide space for fishing, kayaking, animals, hobby farming, and other outdoor uses. Located approximately 30 minutes from Richmond and less than an hour from downtown Lexington, the property combines a rural setting with convenient access to nearby amenities.

535 Twin Lakes Dr, Lancaster

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

4 Beds ⋅ 4 Baths ⋅ 26015277 MLS

Welcome to your Herrington Lake dream home where lakefront living meets luxury and proven income producing potential. Tucked along a peaceful no wake cove with a private dock, this stunning 4 bedroom, 3.5 bath property offers essentially two homes in one, making it an exceptional opportunity for a primary residence, lake retreat, multigenerational living, or continued income producing property. The main level makes an unforgettable impression with soaring 17 foot ceilings, white oak beams and flooring, elegant chandeliers, a floor to ceiling stone fireplace, built in wet bar, granite countertops, and a beautifully appointed chef's kitchen. The spacious primary suite offers a spa inspired bath with soaking tub and glass tile shower, while a half bath and convenient laundry/mudroom complete the main floor. Upstairs features custom built in bunks for four, a matching window seat, full bath, and generous storage. The finished lower level provides a complete second living space with 9 foot ceilings, its own open concept kitchen, dining and living areas, two bedrooms, full bath, and laundry creating tremendous flexibility while adding to the property's income producing appeal. Outdoor living is just as impressive with a covered screened in porch, fenced grassy area, and full length deck overlooking beautiful Herrington Lake. Your private dock sits in a desirable no wake cove, offering calmer water and a peaceful setting for swimming, fishing, floating, or simply relaxing by the lake. Additional features include two separate 200 amp electric services, two 50 amp RV hookups, ample parking, two heat pumps with three zone thermostats, and a five stage whole house water filtration and softener system. Beautifully designed, meticulously maintained, and already offering the benefit of income production, this is more than a lake home, it's an opportunity to enjoy the Herrington Lake lifestyle while owning a property that can help pay for itself!

189 Red Gate Rd, Lancaster

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

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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