327 W Summit Hill Drive, 714, Knoxville, TN 37902

$1,725,000
Property Type: Single Family Bedrooms: 3 Square Footage: 2,318 Status: Pending
Current Price: $1,725,000 List Date: 5/08/2025 Last Modified: 9/15/2025

Description

PRESALE OPPORTUNITY! The first new construction in the heart of downtown in 40 years on the 200 Block of Gay Street! Large 3 bedroom/ 3 bath on the corner of Summit Hill and South Gay Street. PRIME TOP FLOOR UNIT WITH 2 BALCONIES. **NO 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# 1300224

Contract Info

Auction Y/N: No List Price: $1,725,000 Current Price: $1,725,000 Status: Pending Listing Contract Date: 2025-05-07

Location, Tax & Legal Info

Unit #: 714 Area: Knox County - 1 Property Sub-Type: Condominium City/County Code: City Limits Total Tax: 0

General Property Description

Type: Other # Bedrooms: 3 Acre Source: Tax Records # of Rooms: 7 Restrictions: No Site Built: Yes Fireplace: No HOA Contact: Mary Katherine Wormsley Property Status: N/A SqFt - Main Lvl: 2318 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 0 HOA: Mandatory Basement: No Bonus Room: No Extra Storage: No Living Area: 2318 Bathrooms Full: 3 Year Built: 2025

Remarks & Misc

Directions: This property is located on the corner of Summit Hill and S Gay Street. Public Remarks: PRESALE OPPORTUNITY! The first new construction in the heart of downtown in 40 years on the 200 Block of Gay Street! Large 3 bedroom/ 3 bath on the corner of Summit Hill and South Gay Street. PRIME TOP FLOOR UNIT WITH 2 BALCONIES. **NO 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.

Atchd/Dtchd Type

Attached: 1

Style

Other: 1

Construction

Frame: 1

Siding

Wood: 1

Fireplace

None: 1

Cooling

Central Cooling: 1

Floors

Vinyl: 1

Garage/Parking

Off-Street Parking: 1 Other: 1

Basement

None: 1

Lot Description

Corner Lot: 1

Fuel

Electric: 1

View

City: 1

Heat

Central: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Range: 1 Refrigerator: 1 Smoke Detector: 1

Exterior Features

Balcony: 1

Misc Features

Elevator: 1 Internet Available: 1 Kitchen Island: 1 Pantry: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1 Wired for Internet: 1

Sewer

Public Sewer: 1

Water

Public: 1

New Financing

Cash: 1 Conventional: 1 Other: 1

Location Tax Legal Info

Street Number: 327 Street Direction Prefix: W Street Name: Summit Hill Street Suffix: Drive State: TN Zip Code: 37902 Parcel Number: 094LD005 Subdivision Name: Lone Tree Pass

Status Change Info

Status Change Timestamp: 2025-09-15 Purchase Contract Date: 2025-09-15

Property Features

Style: Other Construction: Frame Siding: Wood 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; Pantry; Walk-in Shower; Wired for Internet Exterior Features: Balcony New Financing: Conventional; Other

Room Information

Master Bedroom Bathroom Kitchen Living Room Bedroom 2 Bathroom Bedroom 3 Bathroom
Listing Office: Hatcher-Hill Brokerage, LLC
Office Phone: 865-249-8132
Last Updated: September - 15 - 2025
327 W Summit Hill Drive, 714, Knoxville, TN 37902- MLS# 1300224
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.