
Nashville, TN 37203
This penthouse represents a High-Potential Investment Opportunity, though it is currently listed at $1,265,000, which sits above the $1,125,104 Fair Market Value. As a turnkey NOO STR asset, this 2023-built property features an Excellent Condition Rating, soaring 24-foot ceilings, and a rare three-sided wrap-around balcony with panoramic skyline views. While the high association fees require careful cash-flow modeling, the unit’s capacity to sleep 10 guests provides significant revenue potential. This is a premier acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a high-visibility Nashville property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 637 7th Ave S 601 Subject | $1,265,000* List Price | 2 | 2 | 1,419 | $793 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.0 mi |
B 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.0 mi |
C 1212 Laurel St Sold | $942,500 List Price | 2 | 2 | 1,395 | 0.5 mi | |
D 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
E 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
F 1212 Laurel St 1704 Sold | $1,275,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
G 635 7th Ave S 610 Active | $1,149,999 List Price | 2 | 2 | 1,343 | $856 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and well within the <10-year age bracket for an excellent rating. It features modern luxury finishes, including a contemporary kitchen with stainless steel appliances, high-end laminate flooring, and brand-new systems (HVAC/Electric) requiring no maintenance.
As a fully furnished, income-producing NOO STR (Non-Owner Occupied Short Term Rental) optimized to sleep 10 guests, this property offers immediate cash flow in Nashville's lucrative tourism market.
The rare three-sided wrap-around balcony is one of only two in the building, providing exceptional panoramic views of the Nashville skyline that serve as a major draw for high-end renters.
Built in 2023, the penthouse features soaring 24-foot ceilings and a sophisticated two-story layout that creates a sense of luxury and space far superior to standard single-level units.
The monthly association fee of $942 is relatively high, which could compress profit margins for investors and increase the break-even point for occupancy.
While sleeping 10 guests maximizes revenue, hosting large groups in a 1,419 square foot space may lead to accelerated wear and tear on the interior finishes and furnishings.
Welcome to the Hyve, a luxe 2-story penthouse in the heart of Downtown Nashville. This fully furnished, income-producing NOO STR at The Hyve offers a rare combination of luxury, location, and investment performance. Recently reappointed to maximize guest accommodations, this sought-after penthouse comfortably sleeps up to 10 guests and is fully booked under professional management. Step inside to discover soaring 24-foot ceilings, beautiful luxury laminate floors throughout, and a spacious open-concept floor plan designed for entertaining. The private primary suite occupies the upper level, featuring its own en-suite bath and added privacy from the main living space. What truly sets this penthouse apart is its spectacular three-sided wrap-around balcony—one of only two units in the building with this highly coveted feature. Enjoy breathtaking panoramic views of the Nashville skyline from what many consider one of the finest vantage points in the city. Sleeping accommodations include two Murphy beds, two full-size bunk beds, and a king pull-out sofa, allowing the unit to comfortably host large groups. Guests enjoy premium amenities including a resort-style swimming pool, private parking garage with coded access, a private elevator accessible only with your personal code, on-site building management, and an additional storage unit. Located just minutes from downtown Nashville and within walking distance to some of the city's most popular restaurants, entertainment venues, and attractions, this penthouse delivers the ultimate Nashville experience for owners and guests alike. Whether you're looking to expand your investment portfolio or own a premier Nashville retreat, this one-of-a-kind penthouse is a rare opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,419 | 1,130 | 75% |
| Lot Size | 1,307 | 1,307 | 50% |
| Price | $1.26M | $419.9K | 85% |
| Price per sq ft | $891 | $433 | 90% |
| Built year | 2023 | 2014 | 88% |
| HOA | $942 | $520 | 83% |
| Days on market | 16 | 495 | 2% |
Jun 3, 2026
$1,265,000
Initial Listing