
Nashville, TN 37203
This Luxury STR-Eligible Condominium in the Allegro development represents a high-yield Asset within Nashville’s most restrictive rental market. With a List Price of $850,000, the property is valued against a $730,442 Fair Market Value, reflecting a premium for its New Construction status and Prime Downtown Location. The 7th-floor unit features a City Skyline View and a Condition Rating of 2, ensuring modern luxury standards. This 2026 delivery is a sophisticated acquisition for Short-Term Rental Investors and Portfolio Diversifiers targeting Nashville’s premier tourism corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 703 Subject | $850,000* List Price | 2 | 2 | 893 | $936 | - |
A 635 7th Avenue S 406 Active | $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 property is a new construction luxury development with a scheduled completion in 2026. As a brand-new build, all components including the kitchen, bathrooms, appliances, and mechanical systems will be new and meet the highest modern quality standards with no physical depreciation.
This property is fully STR-eligible in a highly restrictive 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 high demand and premium nightly rates due to its proximity to Nashville's top attractions.
As a 2026 new build, the development features sleek architecture and resort-style amenities designed to compete with high-end hotels while providing the privacy of a condo.
The monthly association fee of $669 is relatively high for an 893-square-foot unit, which may impact the net return on investment for some owners.
With a 2026 completion date, there is a significant lead time before the property can generate income, exposing investors to potential market fluctuations during the construction phase.
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 | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 893 | - |
| Lot Size | - | - |
| Price | $850.0K | $403.0K |
| Price per sq ft | $952 | $378 |
| Built year | 2026 | 0 |
| HOA | $669 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$850,000
Initial Listing