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
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