
Nashville, TN 37203
This High-Potential Investment Opportunity is listed at a List Price of $950,000, positioned above the $897,409 Fair Market Value. As a 2026 new construction Condominium with an Excellent Condition Rating, this asset offers STR-eligible status in a high-demand downtown corridor. While the $825 monthly HOA fee requires careful cash-flow modeling, the panoramic skyline views and proximity to Broadway ensure strong occupancy potential. This property is a strategic acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a turnkey, high-visibility asset in Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 316 Subject 3 bd · 2 ba · 1,069 sqft · $839 | $950,000* List Price | 3 | 2 | 1,069 | $839 | - |
A 1212 Demonbreun St 1402 Sold 2 bd · 2 ba · 1,146 sqft · $737 · 0.6 mi | $845,000 | 2 | 2 | 1,146 | $737 | 0.6 mi |
B 1212 Demonbreun St 1802 Sold 2 bd · 2 ba · 1,147 sqft · $697 · 0.6 mi | $800,000 | 2 | 2 | 1,147 | $697 | 0.6 mi |
C 50 Music Sq W 524 Sold 2 bd · 2 ba · 766 sqft · $890 · 0.9 mi | $681,900 | 2 | 2 | 766 | $890 | 0.9 mi |
D 600 12th Ave S 413 Sold 2 bd · 2 ba · 1,108 sqft · $677 · 0.4 mi | $750,000 | 2 | 2 | 1,108 | $677 | 0.4 mi |
E 1616 West End Ave 3004 Sold 2 bd · 3 ba · 1,412 sqft · $829 · 1.0 mi | $1,170,000 | 2 | 3 | 1,412 | $829 | 1.0 mi |
F 1212 Laurel St 1815 Sold 2 bd · 2 ba · 1,222 sqft · $716 · 0.6 mi | $875,000 | 2 | 2 | 1,222 | $716 | 0.6 mi |
G 600 12th Ave S 2000 Sold 2 bd · 2 ba · 1,250 sqft · $680 · 0.4 mi | $850,000 | 2 | 2 | 1,250 | $680 | 0.4 mi |
H 635 7th Avenue S 406 Active 2 bd · 1 ba · 969 sqft · $876 · 0.1 mi | $849,000 List Price | 2 | 1 | 969 | $876 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a new construction luxury development with a 2026 completion date. It features brand new systems, modern architectural design, and high-end kitchen and bath finishes, requiring no maintenance.
The property is specifically zoned for short-term rentals in a high-demand market, offering significant ROI potential and flexibility for investors looking to capitalize on Nashville's tourism.
Situated steps from Broadway and major attractions like Nissan Stadium and Bridgestone Arena, the location ensures high occupancy rates and convenience for guests.
As a 2026 build, the unit features contemporary luxury design and resort-style amenities that appeal to high-end travelers while minimizing immediate maintenance requirements.
The $825 monthly association fee represents a substantial recurring overhead that could impact the net cash flow and overall profitability for rental investors.
Priced at approximately $888 per square foot, the property sits at a significant market premium, requiring aggressive nightly rates to achieve competitive yields.
Discover Allegro, Nashville's premier investment in the Short-Term Rental Market! For investors ready to expand their short-term rental portfolio or make their very first purchase, Allegro offers an unparalleled opportunity. This luxury development represents the rare trifecta every investor seeks: a prime location, strong long-term growth potential, and flexible ownership options, all within Nashville’s most dynamic emerging neighborhood. In a prime downtown location situated just steps from Broadway, Allegro places guests at the center of Nashville’s energy. From world-renowned honky-tonks and live music venues to celebrated restaurants and rooftop bars, the very best of downtown is within walking distance. Proximity to Nissan Stadium, Bridgestone Arena, Music City Center, and countless cultural attractions makes this development a top choice for visitors seeking convenience and unforgettable experiences. Boasting modern luxury & elevated design Allegro combines sleek modern architecture with resort-style amenities designed to impress today’s discerning traveler. Every detail has been thoughtfully curated, from the striking exterior to the beautifully appointed interiors, ensuring a guest experience that rivals Nashville’s best hotels while offering the privacy and flexibility of a short-term rental. Nashville's thriving STR market consistently ranks among the nation’s top travel destinations, drawing millions of visitors year after year. This steady stream of demand translates to strong occupancy rates, premium nightly rates, and impressive ROI for investors. Allegro’s STR-eligible status makes it a rare and highly valuable asset for those looking to capitalize on Music City’s booming tourism industry. Opportunities to own a luxury condo with STR eligibility in downtown Nashville are few and far between. Allegro stands out not only for its prime location but also for its exceptional rental income potential. Don't miss out on limited pre-sale pricing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,069 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $950.0K | $347.6K |
| Price per sq ft | $889 | $343 |
| Built year | 2026 | 2007 |
| HOA | $825 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$950,000
Initial Listing