403 S Gay St 206, Knoxville, TN 37902

$975,000
Property Type: Single Family Bedrooms: 2 Square Footage: 1,759 Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $975,000 List Date: 2/12/2026 Last Modified: 2/12/2026

Description

Downtown living in the historic Lerner Loft Building. This striking 2-bedroom, 2.5-bath loft-style condominium offers approximately 1,759 square feet of thoughtfully designed living space across multiple levels, blending timeless historic character with contemporary finishes. Exposed brick walls, architectural beams, cathedral ceilings, hardwood and tile flooring create a dramatic yet inviting atmosphere throughout the open-concept main living area. The well-appointed eat in kitchen features stainless steel appliances, granite countertops, pantry storage, and seamless flow into the living space—ideal for entertaining. A guest bath with attached dedicated laundry/utility room with washer and dryer, along with extra storage, is conveniently located on the main floor. The second-level bedroom, complete with a full bathroom and large closet, provides flexibility for guests or a home office, while the private third-level primary suite includes a large walk-in closet room and walk-in shower with double vanities. Enjoy city and mountain views from the private 230sf rooftop included in the total square footage—perfect for entertaining or unwinding while overlooking vibrant downtown Knoxville. This condo offers a quiet retreat while placing you steps from Market Square, Gay Street, dining, shopping, and entertainment....located directly across from Mast General Store and countless downtown favorites. Architecturally restricted and professionally managed, the mandatory HOA includes exterior maintenance, building insurance, and select amenities. Public, off-street, and nearby garage parking options are available with convenient permit rates and typically free evenings and weekends. A private storage cage is located in the lower level of the building and accessed through the Mail Room door entrance. A rare opportunity to own a distinctive downtown loft that truly captures the energy and lifestyle of Knoxville. **Showings begin 2/12/26**

More Information MLS# 1328926

Contract Info

Auction Y/N: No Occupancy: Permanent Residence Listing Price: 975000 Current Price: $975,000 Status: Active Listing Date: 2026-02-10

Location, Tax & Legal Info

Unit #: 206 Area: Knox County - 1 Property Sub-Type: Condominium City/County Code: City Limits Total Tax: 4379.19

General Property Description

Type: 3 Story # Bedrooms: 2 Acres: 0.05 Acre Source: Tax Records # of Rooms: 4 Restrictions: Yes Site Built: Yes Fireplace: No HOA Fee: 226.79 HOA Freq: Monthly HOA Contact: Jennifer Joyner 865-544-7003 Property Status: N/A SqFt - Main Lvl: 799 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 333 SqFt - 3rd Flr Lvl: 397 # Fireplace: 0 HOA: Mandatory Position of Unit: north facing windows Basement: No Bonus Room: No SqFt - Total (Aprox): 1759 Baths - Full: 2 Baths - 1/2: 1 Year Built: 1910

Remarks & Misc

Directions: Lerner Lofts is located at the corner of Gay St and Wall Ave. The main entrance is the left door on the Gay St side. Public Remarks: Downtown living in the historic Lerner Loft Building. This striking 2-bedroom, 2.5-bath loft-style condominium offers approximately 1,759 square feet of thoughtfully designed living space across multiple levels, blending timeless historic character with contemporary finishes. Exposed brick walls, architectural beams, cathedral ceilings, hardwood and tile flooring create a dramatic yet inviting atmosphere throughout the open-concept main living area. The well-appointed eat in kitchen features stainless steel appliances, granite countertops, pantry storage, and seamless flow into the living space—ideal for entertaining. A guest bath with attached dedicated laundry/utility room with washer and dryer, along with extra storage, is conveniently located on the main floor. The second-level bedroom, complete with a full bathroom and large closet, provides flexibility for guests or a home office, while the private third-level primary suite includes a large walk-in closet room and walk-in shower with double vanities. Enjoy city and mountain views from the private 230sf rooftop included in the total square footage—perfect for entertaining or unwinding while overlooking vibrant downtown Knoxville. This condo offers a quiet retreat while placing you steps from Market Square, Gay Street, dining, shopping, and entertainment....located directly across from Mast General Store and countless downtown favorites. Architecturally restricted and professionally managed, the mandatory HOA includes exterior maintenance, building insurance, and select amenities. Public, off-street, and nearby garage parking options are available with convenient permit rates and typically free evenings and weekends. A private storage cage is located in the lower level of the building and accessed through the Mail Room door entrance. A rare opportunity to own a distinctive downtown loft that truly captures the energy and lifestyle of Knoxville. **Showings begin 2/12/26**

Atchd/Dtchd Type

Attached: 1

Style

Historic: 1

Construction

Brick: 1

Siding

Brick: 1

Fireplace

None: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1

Floors

Hardwood: 1 Tile: 1

Garage/Parking

Off-Street Parking: 1 On-Street Parking: 1 Other: 1

Basement

Other: 1

Lot Description

Corner Lot: 1 Zero Lot Line: 1 Other: 1

Fuel

Electric: 1

View

City: 1 Mountain View: 1

Heat

Central: 1 Heat Pump: 1

Community Amenities

Architect Restricted: 1 Extra Storage: 1 Security: 1 Sidewalks: 1

Dining Area

Eat-in Kitchen: 1 Kitchen/Dining Rm Co: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Self Cleaning Oven: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Extra Storage: 1 Laundry/Utility: 1

Exterior Features

Balcony: 1 Deck: 1 Windows - Insulated: 1

Misc Features

Cathedral Ceiling(s): 1 Internet Available: 1 Pantry: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1

Sewer

Public Sewer: 1

Water

Public: 1

Association Fee Incl

Association Ins: 1 Building Exterior: 1 Security: 1 Trash: 1

New Financing

Cash: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 403 St Dir: S Street Name: Gay St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 094LE00200F Subdivision: Lerner Lofts Condos Unit 6 Geo Lat: 35.9661 Geo Lon: -83.919229

Status Change Info

Status Change Date: 2026-02-12

Property Features

Style: Historic Construction: Brick Siding: Brick Basement: Other Lot Description: Corner Lot; Zero Lot Line; Other View: Mountain View Fireplace: None Floors: Hardwood; Tile Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Sewer: Public Sewer Water: Public Other Rooms: Extra Storage; Laundry/Utility Misc Features: Cathedral Ceiling(s); Internet Available; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect Exterior Features: Balcony; Deck; Windows - Insulated Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co Community Amenities: Architect Restricted; Extra Storage; Security; Sidewalks Association Fee Incl: Association Ins; Building Exterior; Security; Trash Showing: See Agent Instructns New Financing: Cash

Room Information

Living Room Kitchen Bedroom 2 Master Bedroom Other Other
Listing Office: Alliance Sotheby's International
IDX
Office Phone: 865-357-3232
Last Updated: February - 12 - 2026
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.