
Nashville, TN 37220
This property presents a High-Potential Investment Opportunity with a List Price of $770,000, positioned at its $770,000 Fair Market Value. Featuring a 1.02-acre lot in a prime location, the residence currently holds a Condition Rating of 6, requiring a full-scale renovation or teardown. The expansive lot and proximity to top-rated schools like Percy Priest Elementary provide significant long-term upside for custom development. This asset is an ideal acquisition for Fix-and-Flip Investors or Custom Home Builders seeking to capitalize on the neighborhood's luxury redevelopment trend.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 827 Redwood Dr Subject 3 bd · 3 ba · 2,701 sqft · $285 | $770,000* List Price | 3 | 3 | 2,701 | $285 | - |
A 5401 Forest Acres Dr Active 4 bd · 3 ba · 2,450 sqft · $339 · 0.5 mi | $829,500 List Price | 4 | 3 | 2,450 | $339 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1956 (>50 years old) with no evidence of recent renovation, the property is currently unlivable. Interior photos show a gutted state with exposed framing, missing kitchen/baths, and significant ceiling damage, aligning with the listing's description as a teardown or major rehab project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 2701.
The property features a rare 1.02-acre lot in the prestigious Forest Acres area, offering significant privacy and proximity to Green Hills and Brentwood.
Surrounded by new luxury builds, this site presents an ideal teardown or major renovation opportunity to capitalize on the neighborhood's rapid appreciation.
The existing 1956 structure is in poor condition and requires a total remodel or demolition, necessitating substantial additional capital investment.
At 158 days on market, the property may face perceived stagnation, potentially requiring a strategic price adjustment to attract the right developer.
Exceptional opportunity in one of Nashville’s most sought-after locations. Situated on a prime 1.02 acre lot and surrounded by newly constructed luxury homes, this property offers endless potential for investors, builders, and end users alike. The existing residence is in need of a significant renovation and is best suited for a buyer seeking a substantial remodel project. Alternatively, the property presents an outstanding teardown and new construction opportunity, allowing you to create a custom home in a neighborhood experiencing continued growth and redevelopment. Whether you’re looking to restore, reimagine, or build from the ground up, this is a rare chance to secure a valuable homesite in an area where new luxury residences continue to elevate property values. Conveniently located near Green Hills, Brentwood, and downtown Nashville, with easy access to shopping, dining, and top local amenities.
No exterior & parking available.
Grades K-4 • 3.0 mi
Grades 5-8 • 3.1 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,701 | 2,045.139 |
| Lot Size | 44,431 | 10,890 |
| Price | $770.0K | $556.0K |
| Price per sq ft | $285 | $305 |
| Built year | 1956 | 1971 |
| HOA | $0 | $133 |
| Days on market | 159 | 70 |
May 18, 2026
$770,000
Initial Listing