
Nashville, TN 37207
A Rare Opportunity — Beautiful Home + Approved Gated Community Development Potential! Discover an exceptional property offering approximately 3,500 square feet of living space with 4 bedrooms and 4.5 baths, combined with an exciting opportunity for future development. Current home stays occupied and brings in about $4,000-$6,000 a month. Plans have already been thoughtfully laid out for nine additional single-family homes, creating the potential for an intimate gated residential community. The proposed development has been approved, with community bylaws already prepared, giving a future owner or developer a significant head start in bringing the vision to life. The community plan also preserves a dedicated recreational area designed for tennis and pickleball courts, adding an attractive amenity for future residents while maintaining a private, upscale neighborhood feel. Whether you’re searching for a spacious private residence with substantial surrounding property, an investment opportunity, or a unique development project, this property offers possibilities rarely found in one package.
Property is new construction or fully renovated.
Although built in 2008, the interior shows evidence of a recent high-end renovation within the last 5 years. The kitchen features modern white shaker cabinetry, stainless steel appliances, and updated wide-plank flooring. The property is in mint condition, move-in ready, and currently generates significant rental income, indicating no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 306227, living area = 4000.
The property features approved plans for a 9-home gated community with community bylaws already prepared, offering a significant head start for developers or investors.
The existing 4-bedroom residence is currently occupied and generates a consistent monthly income of $4,000 to $6,000, providing immediate cash flow during the development phase.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 3489.
Realizing the property's full potential requires significant additional capital investment and construction management to complete the proposed 9-home community.
The $1.69M list price is heavily weighted toward the development potential, which may represent a price premium for buyers seeking only a private single-family residence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,000 | 2,045.139 |
| Lot Size | 306,227 | 10,890 |
| Price | $1.69M | $556.0K |
| Price per sq ft | $422 | $305 |
| Built year | 2008 | 1971 |
| HOA | $0 | $133 |
| Days on market | 4 | 70 |
Oct 20, 2026
$1,690,000
Initial Listing