
Nashville, TN 37210
Analysis of 245 Hermitage Ave 406, Nashville, TN 37210 is currently available with a list price of $689,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property was built in 2023 and is in pristine, like-new condition, meeting the highest standards for the 'excellent' category. The kitchen features modern dark cabinetry, quartz countertops, a stylish tile backsplash, and high-end stainless steel appliances. Throughout the unit, there are premium finishes including wide-plank flooring, designer lighting fixtures, and floor-to-ceiling windows. The bathrooms and bedrooms are updated with contemporary styles and unique custom built-ins, showing no signs of wear or deferred maintenance.
The property is NOO STR-eligible, a rare and highly sought-after designation in Nashville that allows for non-owner-occupied short-term rentals, maximizing revenue opportunities.
Sold fully furnished with modern luxury finishes and floor-to-ceiling windows, this top-floor unit offers a seamless, move-in-ready experience for investors or second-home owners.
The seller is offering up to $15,000 toward closing costs or rate buydowns, plus an additional 1% lender credit, significantly reducing the initial capital requirement for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 987, other record living area = 900.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 987.
Major resort-style amenities, including the pool and outdoor bar, are not projected for completion until 2026, which may impact immediate rental appeal and guest experience.
NOW OFFERED AT $689,900 –COMING IN 2027 NEW RESORT STYLE AMENITIES – RARE NOO STR OPPORTUNITY! One of the best values in Nashville's luxury short-term rental market. This fully furnished, Non-Owner Occupied Short-Term Rental (NOO STR) eligible top-floor condo offers a rare opportunity to own a turnkey investment just one mile from Broadway, SoBro, The Gulch, Nissan Stadium, Ascend Amphitheater, and Nashville's world-famous entertainment district. Known as "Space Cowboy," this 2-bedroom, 2-bath residence comfortably sleeps up to seven guests and features two private bedroom suites, an open-concept layout, floor-to-ceiling windows, quartz countertops, designer finishes, wide-plank flooring, smart home technology, and abundant natural light. Whether you're expanding your investment portfolio, completing a 1031 exchange, or looking for a second home with income potential, this property checks every box. Located in the boutique Neo Nashville community, owners and guests enjoy secure entry, elevator access, covered parking, a 24-hour fitness center, and a rooftop lounge with breathtaking downtown skyline views. Future planned community amenities include a resort-style pool and lounge area, enhanced rooftop views, new rooftop furniture, zen water feature and landscaping, fourth floor gathering space refresh, enhanced property security and a new dog run. Sold fully furnished, this is a true turnkey opportunity ready for immediate enjoyment or rental. Buyer incentive: Use the Seller's preferred lender and receive up to 1% lender credit (based on loan amount) toward closing costs or an interest rate buy-down. Motivated sellers—bring all reasonable offers! Proforma available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 987 | 2,093.129 |
| Lot Size | 871 | 10,890 |
| Price | $689.9K | $568.3K |
| Price per sq ft | $699 | $307 |
| Built year | 2023 | 1971 |
| HOA | $450 | $137 |
| Days on market | 452 | 69 |
Aug 1, 2026
$689,900
$699,900
-1% Price Drop
Initial Listing
Jul 11, 2026
$699,900
$725,000
-3% Price Drop
Initial Listing
Jun 26, 2026
$725,000
$795,000
-9% Price Drop
Initial Listing
Jun 14, 2025
$795,000
Initial Listing