
Nashville, TN 37203
This luxury condo represents a High-Potential Investment Opportunity, listed at a List Price of $1,180,000. While currently priced above the $1,106,793 Fair Market Value, the property offers a Mint Condition Rating as a 2026 new construction build. Featuring an unobstructed panoramic skyline view and a 4-bedroom layout, this asset is specifically engineered for high-occupancy short-term rental performance in downtown Nashville. With its prime location near Broadway and STR-eligible status, this is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate, high-yield rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 517 Subject 4 bd · 2 ba · 1,318 sqft · $840 | $1,180,000* List Price | 4 | 2 | 1,318 | $840 | - |
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 1616 West End Ave 3106 Sold 2 bd · 2 ba · 1,315 sqft · $992 · 1.0 mi | $1,305,000 | 2 | 2 | 1,315 | $992 | 1.0 mi |
C 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 |
D 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 |
E 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 |
F 635 7th Ave S 610 Active 2 bd · 2 ba · 1,343 sqft · $856 · 0.1 mi | $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 brand-new build, all systems (HVAC, electric), kitchens, and baths are in mint condition with modern luxury finishes, requiring zero maintenance.
The property is fully STR-eligible in a high-demand market, offering a rare and lucrative opportunity for investors to capitalize on Nashville's booming tourism industry.
Situated steps from Broadway, Nissan Stadium, and Bridgestone Arena, the location ensures maximum visibility and convenience for guests, driving high occupancy rates.
The four-bedroom configuration in a downtown condo is specifically designed to maximize nightly rental income by accommodating larger groups and travel parties.
The monthly association fee of $984 is substantial and will significantly impact the net operating income and overall cash flow for the owner.
Fitting four bedrooms into 1,318 square feet suggests a high-density layout with potentially small individual rooms and limited common area space for guests.
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 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,318 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $1.18M | $347.6K |
| Price per sq ft | $895 | $343 |
| Built year | 2026 | 2007 |
| HOA | $984 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$1,180,000
Initial Listing