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255 S Gay St, 206, Knoxville, TN 37902

$507,500
Property Type: Single Family Bedrooms: 1 Square Footage: 688 Status: Pending
Current Price: $507,500 List Date: 5/08/2025 Last Modified: 5/21/2025

Description

PRESALE OPPORTUNITY! The first new construction in the heart of downtown in 40 years on the 200 Block of Gay Street! Spacious 1 bed/1 bath with an open kitchen to living room that leads you out onto the FULL BALCONY overlooking Gay Street. A rare opportunity to have a balcony sitting 3 stories up from Gay Street -- The perfect spot to enjoy downtown events and parades. Short term rentals ALLOWED! Short term rentals are only permitted on floors 2 & 3 of the West building and the top floor of the East building. New Construction so property taxes to be estimated by Buyer. No showings at this time as it is a current construction site. Summit Hill Drive Building is estimated to be completed in November 2025, 255 S. Gay Street building is estimated to be completed in February 2026. Please check document section as this contains HOA information, additional disclosures, finish schedule and general information about the project.

More Information MLS# 1300221

Location Tax Legal Info

House #: 255 St Dir: S Street Name: Gay St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 094LD005 Subdivision: Lone Tree Pass Geo Lat: 35.967452 Geo Lon: -83.919981

Contract Info

Auction Y/N: No Listing Price: 507500 Current Price: $507,500 Status: Pending Listing Date: 2025-05-07

General Property Description

Type: Other Acre Source: Tax Records Site Built: Yes Restrictions: No SqFt - Total (Aprox): 688 SqFt - Main Lvl: 688 # Bedrooms: 1 Baths - Full: 1 # of Rooms: 3 Fireplace: No Property Status: N/A HOA: Mandatory HOA Freq: Monthly HOA Contact: Mary Katherine Wormsley Year Built: 2026 Bonus Room: No Extra Storage: No

Status Change Info

Status Change Date: 2025-05-20 Under Contract Date: 2025-05-20

Property Features

Style: Other Construction: Steel Siding: Other Basement: None Lot Description: Corner Lot Fireplace: None Floors: Vinyl Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Smoke Detector Sewer: Public Sewer Water: Public Misc Features: Internet Available; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet Exterior Features: Balcony New Financing: Cash; Conventional; Other

Room Information

Master Bedroom Bathroom Kitchen Living Room
Listing Office: Hatcher-Hill Brokerage, LLC
Office Phone: 865-249-8132
Last Updated: May - 21 - 2025
255 S Gay St, 206, Knoxville, TN 37902- MLS# 1300221
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.