
Nashville, TN 37203
This 2026 new construction condo represents a High-Potential Investment Opportunity, listed at $1,180,000—positioned above the $1,084,677 Fair Market Value by 8%. While priced at a premium, the property offers STR-eligible status in a high-demand downtown location, ensuring robust rental income potential. Featuring a panoramic Nashville skyline view and modern luxury construction, this asset is designed for high-occupancy tourism. Despite the $984 monthly association fee, the property is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a turnkey, high-yield asset in Music City.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 517 Subject | $1,180,000* List Price | 4 | 2 | 1,318 | $823 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.1 mi |
B 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
C 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
D 1212 Laurel St 1704 Sold | $1,275,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
E 1212 Laurel St Sold | $942,500 List Price | 2 | 2 | 1,395 | 0.5 mi | |
F 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.1 mi |
G 635 7th Ave S 610 Active | $1,149,999 List Price | 2 | 2 | 1,343 | $856 | 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. As a pre-sale property, it features brand-new HVAC and electrical systems, modern architectural design, and mint-condition interiors that require zero maintenance.
The property features rare STR-eligible status in a high-demand downtown Nashville location, offering significant ROI potential for investors targeting the tourism market.
Situated steps from Broadway, Nissan Stadium, and Bridgestone Arena, this location provides guests with unparalleled walking access to Nashville's top music and sports venues.
As a 2026 new build, the development offers sleek architecture and resort-style amenities designed to compete with high-end hotels while providing the flexibility of a private condo.
The monthly association fee of $984 is substantial and will require high occupancy rates to maintain strong net profitability for investors.
Fitting 4 bedrooms into 1,318 square feet results in a high-density layout that may feel cramped for guests, potentially impacting the 'luxury' experience described.
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 | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,318 | - |
| Lot Size | - | - |
| Price | $1.18M | $403.0K |
| Price per sq ft | $895 | $378 |
| Built year | 2026 | 0 |
| HOA | $984 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$1,180,000
Initial Listing