Real Estate

Nashville's luxury housing market explodes. Plus: 4 pricy listings

Photo: Courtesy of listing agent Karen Russell
5836 Hillsboro Pike; Photo: courtesy of listing agent Karen Russell

A record-setting $50 million listing is just one indicator of Nashville's growing luxury real estate market.

The big picture: Despite inventory being short, there's been more activity in the luxury range — defined here as any listing over $2 million.

See inside Nashville's most expensive home, listed at $50M

most expensive house in nashville
Photo: courtesy of Steve Fridrich

This sprawling Chickering Road estate is the most expensive home to ever hit the market in Nashville.

Background: 1304 Chickering Rd. belongs to HCA Healthcare co-founder Tommy Frist.

  • The Frist family purchased the property for $2.2 million in 1993 and built the house in 2001, Axios' Nate Rau reported earlier this week.

Surging mortgage rates make home buying more expensive in Nashville

Illustration of a house's roof being taken off by a trend line soaring upward through the home
Illustration: Annelise Capossela/Axios

Rising mortgage rates are adding to the perfect storm putting pressure on the Nashville area's housing market.

Nate Rau
May 11, 2022 - Real Estate

Nashville's first $50M home listing

1304 Chickering Road. Photo courtesy of Fridrich & Clark Realty
1304 Chickering Road. Photo: courtesy of Fridrich & Clark Realty

The Belle Meade home of HCA Healthcare co-founder Tommy Frist was put on the market last week for a whopping $50 million.

Why it matters: It's the most expensive home listing ever in the Nashville area.

Nate Rau
May 10, 2022 - Real Estate

Nashville home prices soar as supply lags

Illustration of a "for sale" sign with a digital clock counting down from 5 seconds, then showing the blinking word "sold."
Illustration: Brendan Lynch/Axios

Nashville area home prices continue to rise, but supply is not keeping up with demand, according to new data from the Greater Nashville Realtors.

  • Single-family homes were on the market for an average of just 26 days last month.

What $300k gets you in Nashville

Interior of apartment in Nashville
2120 Belmont Blvd., Apt. A8. Photo: Courtesy of David Dorris

The median home sales price in Nashville was $446,175 in February, so we wanted to see what's available below that price point in the local real estate market.

  • Here's a comparison of three homes that recently sold for about $300,000 in different neighborhoods.

Housing prices soar — again

Illustration of a door knocker in the shape of a dollar sign
Illustration: Sarah Grillo/Axios

Driven by unprecedented demand, local home prices continue to skyrocket. The median cost of a single-family home in the greater Nashville area was $446,175 in February.

  • That's a jump of more than $89,000 year-over-year from 2021, according to new data from Greater Nashville Realtors.
Nate Rau
Feb 14, 2022 - Real Estate

Tennessee Performing Arts Center building faces redevelopment

Actors in a touring production of "The Lion King" on stage at TPAC.
Actors in a touring production of "The Lion King" on stage at TPAC. Photo: George Walker IV/The Tennessean/USA Today Network

The Tennessee Performing Arts Center is Nashville's latest cultural institution to face a precarious future.

  • The state-owned James K. Polk building, home to TPAC, has accrued $120 million in needed repairs.
  • As a result, the state is considering making the building available for a long-term redevelopment deal, the Tennessee Journal reported last week.
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