406 Myrtle St, Nashville, TN 37206, Nashville, 37206 - 5 bed, 5 bath
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406 Myrtle St
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,022Sq Ft
7,405Lot Size
Property Price
LIST PRICE$929,900
EST. MARKET VALUE
$929,900
SUMMARY
This Modern Single Family Residence is a Turnkey Homeowner Opportunity, listed at a List Price of $969,900, which aligns perfectly with its $969,900 Fair Market Value. Built in 2022, this property maintains an Excellent Condition Rating with contemporary finishes and no HOA fees. Featuring a spacious 3,022 sqft layout with a private deck and patio, it offers a premium lifestyle in the heart of East Nashville. This property is an ideal match for growing families or urban professionals seeking a move-in ready sanctuary.
Estimated Market Value
$929,900
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 406 Myrtle St Subject | $929,900* List Price | 5 | 5 | 3,022 | $308 | - |
A 1000 Douglas Ave Sold | $1,165,000 | 4 | 5 | 3,659 | $318 | 1.0 mi |
B 928 Russell St Sold | $1,150,000 | 4 | 3 | 3,174 | $362 | 0.5 mi |
C 1027 Chicamauga Ave Sold | $927,000 | 3 | 2 | 2,559 | $362 | 0.5 mi |
D 307 Neill Ave Sold | $765,000 | 4 | 3 | 2,176 | $352 | 0.1 mi |
E 522 S 11th St Sold | $835,000 | 4 | 3 | 2,615 | $319 | 0.9 mi |
F 804 N 16th St Sold | $720,000 | 3 | 3 | 2,067 | $348 | 1.0 mi |
G 725 Hart Ave Active | $1,086,650 List Price | 4 | 4 | 3,048 | $357 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features modern hardwood flooring, contemporary finishes, and updated systems, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Turnkey Construction
Built in 2022, this spacious 3,022 sqft home offers a rare 5-bedroom, 5-bathroom configuration, providing contemporary finishes and move-in ready convenience for large families or investors.
- Prime East Nashville Location
Situated in the highly desirable 37206 zip code, the property is perfectly positioned near popular dining, entertainment, and cultural landmarks that define the vibrant East Nashville lifestyle.
- No HOA Restrictions
With a $0 association fee, homeowners benefit from lower monthly carrying costs and greater freedom regarding property use compared to many newer developments in the urban core.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3022, other record living area = 2783.
- Market Stagnation
The property has been on the market for 75 days and has undergone three price reductions, suggesting that the initial pricing may have outpaced current buyer demand or local comparable sales.
- Underperforming School District
The majority of the assigned public schools for this address carry low performance ratings (ranging from 1 to 3), which may limit the property's appeal to education-focused families.
About 406 Myrtle St
Rare income-producing luxury in the heart of East Nashville! Built in 2022, this McFerrin Park residence spans 5 bedrooms, 5 full bathrooms, and 3,022 sq. ft. of thoughtfully designed living space. The hallmark feature is a completely separate, rentable living space—offering flexible options for passive rental income, house hacking, multi-generational living, or an executive guest suite. The main residence boasts an open-concept layout with rich wood and tile flooring, high ceilings, and premium finishes throughout. Exceptional bonus features include a rare full unfinished basement offering massive future equity and expansion potential, a secure rear-entry garage, and ZERO HOA fees. Unbeatable 37206 location blocks from McFerrin Park, top-rated coffee shops, vibrant dining, and minutes to Downtown Nashville. A rare combination of high-end urban living and smart financial strategy—schedule your private tour today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glenn Elementary Enhance Option School
Grades PK-4 • 0.6 mi
0/10
Caldwell Enhanced Option
Grades PK-4 • 0.6 mi
2/10
Warner Elementary Enhanced Option School
Grades PK-4 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,022 | 2,093.129 |
| Lot Size | 7,405 | 10,890 |
| Price | $929.9K | $568.3K |
| Price per sq ft | $308 | $307 |
| Built year | 2022 | 1971 |
| HOA | $0 | $137 |
| Days on market | 118 | 69 |
Pricing History
Listed for Sale
Sep 8, 2026
$929,900
$939,900
-1% Price Drop
Initial Listing
Price Change
Aug 25, 2026
$939,900
$949,700
-1% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$949,700
$957,300
-1% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$957,300
$959,300
+0% Price Increase
Initial Listing
Price Change
Aug 4, 2026
$959,300
$969,900
-1% Price Drop
Initial Listing
Price Change
Jul 28, 2026
$969,900
$974,900
-1% Price Drop
Initial Listing
Price Change
Jul 13, 2026
$974,900
$989,000
-1% Price Drop
Initial Listing
Price Change
May 14, 2026
$989,000
Initial Listing