700 Omandale Dr, Nashville, TN 37204, Nashville, 37204 - 3 bed, 3 bath
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Nashville, TN 37204
This Prime Redevelopment Site is a High-Potential Investment Opportunity with a List Price of $999,000—positioned well below the $1,200,168 Fair Market Value by 16%. This valuation gap provides $201,168 in Instant Equity for buyers prepared to modernize this Condition Rating 5 asset. Situated on a flat 0.75-acre corner lot in prestigious Oak Hill, the property features a versatile detached garage with a half bath and access to top-rated Glendale Elementary (9/10). This is a high-upside acquisition ideal for Luxury Home Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Omandale Dr Subject | $799,000* List Price | 3 | 3 | 1,969 | $406 | - |
A 4425 Prescott Rd Active | $990,000 List Price | 4 | 3 | 2,128 | $465 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and over 70 years old, the property is marketed as an 'opportunity' for 'renovations' and 'reimagining.' The description of a 'solid foundation' combined with the age and lack of mentioned updates suggests original systems and interiors that require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 32670, living area = 1969.
Elementary School: Glendale Elementary School (9/10).
Situated on a flat 0.75-acre corner lot in the prestigious Oak Hill area, the property offers significant space for expansion, outdoor living, or a potential custom rebuild in a high-demand neighborhood.
Built in 1953 and marketed for its 'potential,' the home likely requires a substantial capital investment to modernize the interior, systems, and layout to meet current luxury standards.
At a list price of $999,000 for a home needing updates, the total cost of acquisition plus renovation may challenge the immediate appraisal value for some investors or buyers.
Nestled in the heart of prestigious Oak Hill, this .77 acre property presents an incredible opportunity to build your dream estate in one of Nashville's most sought after luxury communities! Surrounded by multi million dollar homes with recent comps ranging from roughly 2-more than 4 million, the possibilities are endless! The existing home is a teardown, offering the perfect blank canvas for builders, investors or buyers ready to create a custom masterpiece. A detached 2 car garage in excellent condition adds value and flexibility to the property. Priced now at $949,000, this is your chance to secure prime real estate in an unbeatable location just minutes from Vandy, Belmont, 8th Ave., downtown and more! Bring your architect and vision-and build the home of your dreams in Oak Hill!
No exterior & parking available.
Grades PK-4 • 1.2 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,969 | - |
| Lot Size | 32,670 | - |
| Price | $799.0K | $556.8K |
| Price per sq ft | $406 | $306 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 134 | 484 |
Jun 30, 2026
$799,000
$949,000
-16% Price Drop
Initial Listing
May 9, 2026
$949,000
$999,000
-5% Price Drop
Initial Listing
Feb 25, 2026
$999,000
Initial Listing