501 Canal Circle, Nashville, TN 37214, Nashville, 37214 - 3 bed, 3 bath
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Nashville, TN 37214
This Brand-New Construction Home is a Strong Value Opportunity, listed at $586,990—positioned well below the $613,034 Fair Market Value by 4%. This valuation gap offers $26,044 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the Arcadia Plan includes a modern kitchen with quartz countertops and a private patio overlooking the Nashville Greenway. This residence offers a seamless blend of urban convenience and quiet sanctuary, making it an ideal choice for Owner-Occupants or first-time buyers seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 Canal Circle Subject | $586,990* List Price | 3 | 3 | 2,442 | $251 | - |
A 2668 Miami Ave Sold | $684,000 | 4 | 4 | 2,544 | $269 | 0.9 mi |
B 2668 Miami Ave Sold | $684,000 | 4 | 4 | 2,544 | $269 | 0.9 mi |
C 2549 Pennington Bend Rd Sold | $417,000 | 3 | 2 | 1,844 | $226 | 0.1 mi |
D 4816 Irving Ln Sold | $412,000 | 3 | 3 | 1,484 | $278 | 0.3 mi |
E 933 Watercourse Court Active | $599,990 List Price | 3 | 3 | 2,442 | $246 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new construction home (built in 2026) in mint condition. The kitchen features modern quartz countertops and stainless steel appliances, while the bathrooms showcase contemporary tile work and fixtures. All mechanical systems are new, meeting the highest standards for energy efficiency and requiring zero immediate maintenance.
The property is integrated into the Nashville Greenway system, offering direct access to walking trails, the river, and community parks while maintaining proximity to downtown.
As a 2026 build, the Arcadia Plan features contemporary open-concept living, high-end quartz countertops, and a desirable level lot optimized for outdoor entertaining.
The availability of long-term rate locks as low as 5.5% provides a significant financial advantage and monthly savings compared to standard market rates.
With only 42 homes in the entire community and just 8 opportunities remaining, buyers face high competition and very limited choices regarding lot placement or customization.
At 2,442 square feet, a three-bedroom configuration may be perceived as a low bedroom count for the size and price point, potentially deterring larger families.
Final 7 OPPORTUNITIES NOW SELLING! Community is part of Nashville Greenway, follow the walking trail to the river where you will find a playground and woods to explore. Truly the suburbs in the city, so close to everything - and still a quiet, quaint feel. You do not want to miss these final opportunities to purchase your home here. Rate - no problem, long term rate locks available AS LOW AS 5.5** Explore the new M/I Homes community Pennington Mills in Nashville, with level lots, and a backyard built for BBQs and jumpy houses too! The Arcadia Plan is a thoughtfully crafted home that embodies contemporary charm and versatile living. Located in a dynamic community, this residence showcases bright, open interiors designed for convenience and style. The inviting kitchen features sleek appliances, quartz and generous counter space, perfect for hosting gatherings or preparing family meals. Cozy bedrooms provide a calming sanctuary, with stylish details and modern finishes throughout. Ideally situated near Nashville’s vibrant downtown, parks, and entertainment options, this home offers the perfect blend of urban excitement and comfort. Schedule your visit today and see why the Arcadia Plan is a fantastic choice for your next chapter! We LOVE our Realtor Partners! Holding appointments now! Only 42 homes in this community, build your village here.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,442 | - |
| Lot Size | - | - |
| Price | $587.0K | $559.9K |
| Price per sq ft | $240 | $306 |
| Built year | 2026 | 0 |
| HOA | $80 | $0 |
| Days on market | 7 | 451 |
Jun 18, 2026
$586,990
Initial Listing