
Nashville, TN 37203
This Allegro development represents a High-Potential Investment Opportunity, listed at a List Price of $850,000. With a Fair Market Value of $769,712, the property is currently priced above market, reflecting its premium status as a 2026 new construction asset. Featuring a Mint Condition Rating, this luxury condo offers STR-eligible status and a panoramic skyline view. The property is designed for high-occupancy performance in Nashville’s core, making it a strategic acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a turnkey, high-growth asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 703 Subject 2 bd · 2 ba · 893 sqft · $862 | $850,000* List Price | 2 | 2 | 893 | $862 | - |
A 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 |
B 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 |
C 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 |
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 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. As a brand-new build, it features mint condition interiors, modern luxury kitchen and baths, and state-of-the-art systems with no maintenance required.
The property is fully eligible for short-term rentals in a high-demand market, offering investors a rare opportunity for significant ROI and flexible ownership in Nashville's booming tourism sector.
Situated steps from Broadway and major attractions like Nissan Stadium and Bridgestone Arena, the location ensures high occupancy rates and maximum convenience for guests.
As a 2026 luxury development, it features sleek architecture and resort-style amenities that rival top-tier hotels, providing a premium guest experience and long-term asset value.
At approximately $952 per square foot, the entry price is at a significant premium, which may require aggressive nightly rental rates to achieve desired capitalization goals.
With a 2026 completion date, investors face a prolonged period before the property generates income, exposing the investment to potential shifts in the economic and interest rate environment.
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 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 893 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $850.0K | $347.6K |
| Price per sq ft | $952 | $343 |
| Built year | 2026 | 2007 |
| HOA | $669 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$850,000
Initial Listing