
Nashville, TN 37204
This Prime Redevelopment Estate is listed at $1,300,000, representing a strategic land acquisition despite the $1,126,285 Fair Market Value. Carrying a Condition Rating of 6, the property is marketed as a premier Value-Add asset for a custom luxury build on a rare 1.19-acre lot. The site offers exceptional privacy and elite school access, including Glendale Elementary (9/10) and the new Percy Priest Elementary zone. This is a high-potential opportunity for Luxury Home Developers or Custom Builders aiming to establish a presence in Nashville’s most coveted neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4215 Morriswood Dr Subject | $1,300,000* List Price | 3 | 2 | 2,031 | $555 | - |
A 700 Omandale Dr Active | $999,000 List Price | 3 | 3 | 1,969 | $507 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1954, this 70-year-old property is marketed primarily as a redevelopment opportunity for a 'custom build' on a prestigious 1.19-acre lot. While the agent describes the original home as being in 'good condition,' the lack of reported renovations in over 50 years and the emphasis on the land's potential in a luxury estate market align with the criteria for a tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 51836, living area = 2031.
Elementary School: Glendale Elementary School (9/10).
The rare 1.19-acre lot in the prestigious Oak Hill neighborhood provides a deep, private, and versatile canvas for a custom luxury estate or a significant high-end renovation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =51836, other record lot size in square feet = 49658.
The original 1954 structure is being sold in as-is condition, which likely necessitates a total renovation or demolition to meet the standards of the surrounding luxury estates.
At a $1.3 million price point for what is primarily land value, the initial investment is substantial before accounting for the significant costs of new construction or modernization.
Nestled in the heart of Nashville’s prestigious Oak Hill neighborhood, this exceptional 1.19-acre estate offers a rare opportunity to craft a dream home. Whether a custom build or a thoughtful renovation; the deep, private lot provides endless possibilities, surrounded by newly built luxury estates. This prime location is as convenient as it is coveted. Top-tier schools, including Franklin Road Academy, Father Ryan, and The Oak Hill School, are just moments away, and the property is zoned for the highly regarded new Percy Priest Elementary. With easy access to I-65, the commute to downtown Nashville is seamless. The vibrant hubs of Wedgewood-Houston, 8th Avenue, and 12South - renowned for their boutique shopping and award-winning dining, are just minutes away. The original home on the property is in good condition and will be sold as-is. A survey is available upon request.
No exterior & parking available.
Grades PK-4 • 0.9 mi
Grades 5-8 • 0.4 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 2,031 | 2,442 | 35% |
| Lot Size | 51,836 | 18,513 | 98% |
| Price | $1.30M | $925.0K | 69% |
| Price per sq ft | $640 | $414 | 84% |
| Built year | 1954 | 1950 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 908 | 1% |
Mar 23, 2026
$1,300,000
Initial Listing