This Stately Colonial represents a High-Potential Investment Opportunity, listed at $2,295,000—positioned above the $1,990,177 Fair Market Value. While currently priced for the luxury market, the property offers significant upside through modernization. Featuring a 6,370 sq ft floor plan, four-car tandem garage, and a 1.25-acre wooded lot, the home provides a rare canvas for value-add renovations. With a Fair Condition Rating and proximity to top-rated Percy Priest Elementary, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a private, grand-scale estate in Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18 Annandale Subject 5 bd · 5 ba · 6,370 sqft · $312 | $2,295,000* List Price | 5 | 5 | 6,370 | $312 | - |
A 27 Annandale Sold 5 bd · 5 ba · 5,843 sqft · $294 · 0.2 mi | $1,720,000 | 5 | 5 | 5,843 | $294 | 0.2 mi |
B 55 Annandale Active 5 bd · 8 ba · 7,330 sqft · $341 · 0.4 mi | $2,499,000 List Price | 5 | 8 | 7,330 | $341 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the property falls into the Fair category as it is >20 years old without a documented recent full renovation. While the home features high-end Monogram and Thermador appliances and granite countertops, the overall aesthetic—including brick kitchen flooring and whirlpool tubs—suggests a dated style that likely requires modern updates to the kitchen and bathrooms. The systems are likely aged unless recently replaced, though the home appears well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54014, living area = 6370.
Situated in the exclusive gated Otterwood community on a 1.25-acre wooded hillside, this property offers unparalleled privacy, private access to Richland Country Club, and walking distance to the top-rated Percy Priest Elementary.
The 6,370-square-foot home features impressive 12-foot ceilings, a dramatic two-story foyer with a floating staircase, and extensive high-end millwork that defines its stately Colonial character.
With 146 days on the market, the property may be facing liquidity challenges, potentially requiring a price adjustment or strategic refresh to attract buyers in the current luxury segment.
Built in 1989, certain features like the brick kitchen flooring and traditional dental molding may feel dated to modern buyers seeking a more contemporary or transitional interior design.
Stately all-brick Colonial in the gated Otterwood community, with private access to Richland Country Club–located near Green Hills and downtown. Percy Priest Elementary School is just outside the front gate and within walking distance. Perched on a private wooded hillside providing unprecedented privacy. Inside, the grand two-story foyer sets the tone for the home with a dramatic floating staircase. The home features hardwood floors, detailed millwork, including arched entries, built-in cabinetry on the main floor and dental and crown molding throughout. On the first floor, 12-foot ceiling grace the den with wet bar and fireplace flanked by Palladian windows and double doors. There is a formal living room and formal dining room. The paneled study features a fireplace and side entry. The gourmet kitchen has brick flooring, granite countertops, Monogram and Thermador appliances, two pantries, a stunning breakfast room with tray ceilings and bay windows. The main-level primary suite offers a sitting room with fireplace and atrium doors that lead to a private patio. The bathroom boasts a massive whirlpool tub, dual vanities, a separate shower, and a walk-in closet with built-ins. The first floor features a marble half bath with separate sink and powder room. The 4 upstairs bedrooms provide flexible living with Jack-and-Jill baths, walk-in closets, as well as an upstairs laundry and a large cedar closet for seasonal storage. One of the bedrooms features built-in bookcases and desk space and a study space for children or an office. The finished lower level includes a 600 sq ft entertainment room, a downstairs laundry room, a gym, a second cedar-lined closet, a workshop/hobby room, a half bathroom, a secure panic room, and abundant storage. The house also features a four-car tandem garage. The outdoor living space in this 1.25 acre property includes stunning stone walls, patios, decks, beautifully manicured spaces, and views of the private wooded median and stream.
No exterior & parking available.
Grades K-4 • 0.5 mi
Grades 5-8 • 4.7 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 6,370 | 2,045.139 |
| Lot Size | 54,014 | 10,890 |
| Price | $2.29M | $556.0K |
| Price per sq ft | $360 | $305 |
| Built year | 1989 | 1971 |
| HOA | $650 | $133 |
| Days on market | 173 | 70 |
May 4, 2026
$2,295,000
Initial Listing
Sep 23, 1996
$550,000
Public Record