Offered at $370,000, 1022 S Third Street in Louisville presents an exceptional restoration opportunity in the heart of one of America’s most architecturally celebrated neighborhoods, Old Louisville.
Featuring seven bedrooms, nine bathrooms, and a detached three-car garage, this impressive residence stands as both a reflection of historic elegance and a promising canvas for thoughtful redevelopment.
A Premier Location in Old Louisville
Old Louisville is renowned for hosting one of the nation’s largest collections of Victorian-era homes. Ornate architectural details, stained glass, decorative ironwork, and grand tree-lined boulevards define this treasured district.
At the center of the neighborhood sits Central Park, designed by legendary landscape architect Frederick Law Olmsted. Living just moments away provides access to community events, scenic walking paths, and a vibrant neighborhood atmosphere throughout the year.
Positioned among preserved mansions and historic townhomes, this property reflects the timeless character that continues to make Old Louisville one of the city’s most desirable historic communities.
A Former Bed and Breakfast with Flexible Potential
Previously operated as a bed and breakfast, the home has already demonstrated its versatility. The layout, featuring seven bedrooms and eight full bathrooms along with an additional half bath, lends itself to a variety of future uses.
The structure retains many elements of its grand past, including soaring ceilings, detailed millwork, and expansive rooms designed to impress. These features offer a strong foundation for restoration while allowing new owners to modernize the property for contemporary living.
With careful renovation, the home could once again thrive as a boutique hospitality property or be transformed into a spectacular private residence.
Old Louisville’s architectural appeal and proximity to downtown continue to attract visitors, making hospitality use a compelling option for future owners.
Historic Craftsmanship Ready for Renewal
Homes in this district are known for craftsmanship rarely replicated today, and this residence is no exception. Tall ceilings create an immediate sense of openness, while intricate woodwork and decorative elements reflect the artistry of a bygone era.
Large windows fill the interior with natural light, enhancing the scale and elegance of the living spaces. Multiple gathering areas can be reimagined as formal parlors, libraries, dining rooms, or modern living spaces while preserving historic charm.
For restoration enthusiasts, the opportunity lies in blending original craftsmanship with modern comforts, including updated systems, contemporary kitchens, and luxury bathrooms.
Seven Bedrooms and Nine Bathrooms Offer Endless Possibilities
The size and layout open several potential redevelopment paths.
A private luxury residence could take advantage of generous bedroom space for guest suites, home offices, or personal retreats.
Alternatively, subject to approvals, the property could be converted into multi-unit living, a common and successful adaptation for large historic homes.
Given its prior operation, returning the property to a boutique hospitality model may also prove attractive, particularly in a neighborhood popular with architectural tourism.
Each option offers opportunities for value creation while honoring the home’s historic character.
Rare Off-Street Parking Advantage
Off-street parking is highly valuable in historic districts, and the detached three-car garage adds both practicality and appeal. Beyond parking, the structure may offer possibilities for studio or accessory living space, subject to local regulations.
Historic Charm Meets Urban Convenience
Old Louisville combines architectural beauty with convenient access to downtown amenities. Restaurants, universities, museums, and entertainment venues are just minutes away, while the neighborhood itself maintains a quiet residential feel.
Central Park anchors the community with festivals, performances, and recreational space, enhancing both lifestyle quality and long-term desirability.
Restoration as a Smart Investment
Historic restorations often reward vision and patience. In preservation-focused neighborhoods like Old Louisville, carefully restored homes frequently command strong market value.
The opportunity lies in preserving original character while modernizing essential systems and updating living spaces to today’s standards. Authenticity and thoughtful restoration can significantly enhance both livability and resale appeal.
Preserving a Piece of Louisville History
Owning a property in Old Louisville means becoming part of an ongoing preservation legacy. Restoration here is not simply renovation—it is stewardship.
Reviving this residence allows its architectural story to continue for future generations, adding lasting value to both the home and the community.
Final Thoughts
1022 S Third Street stands as a grand property awaiting renewal. Whether reimagined as a private estate, boutique inn, or investment opportunity, the foundation is already in place. Its scale, location, and architectural character combine to create an increasingly rare opportunity in today’s market.
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