The park was formerly the site of a 19th-century Thoroughbred breeding farm known as Coldstream.
It serves as a key trailhead for the Legacy Trail, a 12-mile paved greenway.
The property is home to the Lexington Equestrian Center, which frequently hosts regional hunter-jumper and dressage competitions.
The site contains one of the oldest standing structures in Lexington, the historic 1790s-era station house from which the park derives its name.
The park's topography includes sections of karst limestone typical of the Inner Bluegrass region, affecting local drainage and field usage.
Masterson Station Park is a 660-acre municipal facility in Lexington, Kentucky, functioning as a primary hub for equestrian sports and community recreation. It features the Legacy Trail, which provides a paved path for cyclists and pedestrians connecting to downtown Lexington. The park contains extensive equestrian amenities including multiple riding rings, show arenas, and stabling facilities for training and competitions. Beyond equestrian use, the grounds accommodate soccer fields, a disc golf course, and an off-leash dog park. The area preserves significant acreage of historic Bluegrass farmland characteristic of Fayette County. Large open fields serve as the venue for regional festivals, cross-country events, and community gatherings. Public facilities include playgrounds and picnic pavilions available for reservation.
The elevated stone observation area overlooking the main competition arenas.
Check the local Lexington parks calendar before visiting to avoid days when major equestrian events restrict public access to certain arenas.
Bring bug spray if planning to walk the wooded sections or near the pond areas during summer months.
If visiting with a dog, ensure they remain inside the designated fenced off-leash area.
Do not wander into active show rings or stabling areas marked as private or restricted for event participants.
Park grounds remain open year-round, though specific athletic fields may close during winter months for turf recovery.
Stay clear of active equestrian arenas if a competition is in progress; do not approach or feed horses without owner permission.