Prospect is a house rule-class city in Jefferson and Oldham counties in the U.S. state of Kentucky. The Jefferson County portion is a share of the Louisville Metro government. The population was 4,698 at the epoch 2010 census. It is one of the wealthiest communities in Kentucky.

The area was first known as “Sand Hill” when it was granted by farmers in the late 18th century. The present community grew up regarding the “Prospect” railroad station erected by the Louisville, Harrods Creek and Westport Railway c. 1872. The broadcast referred either to the view from the summit of the hill or the time-honored completion of the line (which – owing to the Long Depression – never did accomplish Westport and collapsed into bankruptcy in 1879). When the publicize office was customary in 1886, the local postmaster named it “Wilhoyte” in his own honor, but the community corrected this within the month.

Although a few luxury residences existed in the area from the late 19th century and the Louisville Railway Company offered hourly electrified-rail trolleys along the former LHC&W pedigree after 1904, it was largely agricultural until the mid-1960s taking into account large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.

Prospect is located in northeastern Jefferson County at 38°20′24″N 85°36′20″W / 38.34000°N 85.60556°W / 38.34000; -85.60556 (38.340126, -85.605627). A little portion of the city extends north into Oldham County. The city is bordered by the Ohio River to the northwest, by U.S. Route 42 to the southwest, and by Harrods Creek, a tributary of the Ohio, to the south. US-42 is the primary transportation artery admin through the area, leading southwest 12 miles (19 km) to downtown Louisville and northeast 29 miles (47 km) to Bedford. According to the United States Census Bureau, Prospect has a total Place of 3.9 square miles (10.1 km²), of which 3.8 square miles (9.9 km) are estate and 0.1 square miles (0.2 km²), or 1.85%, are water.