416 S Gay St 301, Knoxville, TN 37902 (MLS# 1300859)

416 S Gay St 301, Knoxville, TN 37902

$1,625,000

Property Type: Single Family Bedrooms: 3 Square Footage: 2,512 Status: Closed

Current Price: $1,625,000 List Date: 5/13/2025 Last Modified: 9/12/2025

Overview

Description

Welcome to the iconic, historic J.C. Penney building. This meticulously designed 3-bedroom, 2-bathroom condo is fully furnished and move-in ready. Featuring hardwood floors, exposed brick walls, original beams, and original shutters. The shuffleboard table is excluded. The kitchen features stainless steel appliances, granite countertops, and an open-concept dining area. The owner's suite features a walk-in closet, an owner's closet, and gorgeous French doors. The primary bathroom features a tiled walk-in shower, double vanity, and a soaker tub. The unbeatable location on Gay St. is centrally located near the Theatre District, Market Square, and Old City, offering endless dining and entertainment options without the commute. Short-term rentals are not permitted. Resident parking is available in the Promenade Garage directly behind the building ($40/month, not included in HOA fees). Public street and State St. Effective year 2000, year built 1905. Garage parking available at an additional $40 month. Make Downtown Knoxville your new lifestyle and schedule your showing today.

Listing Details MLS# 1300859

Location Tax Legal Info

House #: 416
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 095IA03701H

Contract Info

Auction Y/N: No
Listing Price: 1650000
Occupancy: Either

General Property Description

Type: Other
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 2512
# Bedrooms: 3
Baths - Full: 2
# of Rooms: 7
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 719.4
HOA Freq: Monthly
HOA Contact: Realty Resource Systems
Year Built: 2000
Bonus Room: No
SqFt - Main Lvl: 0
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
Basement: No

Status Change Info

Status Change Date: 2025-09-12
Under Contract Date: 2025-08-14
Sold Date: 2025-09-12

Location, Tax & Legal Info

Unit #: 301
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 9040.3

Remarks & Misc

Directions: From I 40 East take Exit 388A. Use right lane to take Summit Hill Exit. Right onto East Summit Hill Drive. Left onto Gay Street. Building will be on your left.
Public Remarks: Welcome to the iconic, historic J.C. Penney building. This meticulously designed 3-bedroom, 2-bathroom condo is fully furnished and move-in ready. Featuring hardwood floors, exposed brick walls, original beams, and original shutters. The shuffleboard table is excluded. The kitchen features stainless steel appliances, granite countertops, and an open-concept dining area. The owner's suite features a walk-in closet, an owner's closet, and gorgeous French doors. The primary bathroom features a tiled walk-in shower, double vanity, and a soaker tub. The unbeatable location on Gay St. is centrally located near the Theatre District, Market Square, and Old City, offering endless dining and entertainment options without the commute. Short-term rentals are not permitted. Resident parking is available in the Promenade Garage directly behind the building ($40/month, not included in HOA fees). Public street and State St. Effective year 2000, year built 1905. Garage parking available at an additional $40 month. Make Downtown Knoxville your new lifestyle and schedule your showing today.

More Information

Atchd/Dtchd Type

Attached: Yes

Style

Other: Yes

Construction

Block: Yes
Brick: Yes

Siding

Brick: Yes

Fireplace

None: Yes

Cooling

Central Cooling: Yes

Floors

Hardwood: Yes

Garage/Parking

Off-Street Parking: Yes
On-Street Parking: Yes
Other: Yes

Basement

None: Yes

Lot Description

Zero Lot Line: Yes

Fuel

Electric: Yes

View

Other: Yes

Heat

Central: Yes

Community Amenities

Elevator: Yes
Security: Yes

Dining Area

Kitchen/Dining Rm Co: Yes
Living Rm/Dining Rm: Yes
Other: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Smoke Detector: Yes
Tankless Water Heater: Yes
Washer: Yes

Other Rooms

Great Room: Yes
Laundry/Utility: Yes
Mstr Bdrm Main Level: Yes

Exterior Features

Windows - Wood: Yes

Misc Features

Drapes: Yes
Dry Bar: Yes
Elevator: Yes
Internet Available: Yes
Kitchen Island: Yes
Pantry: Yes
Walk-in Shower: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes
Whirlpool Tub: Yes
Wired for DSL: Yes
Wired for Internet: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Association Fee Incl

All Amenities: Yes
Association Ins: Yes
Building Exterior: Yes
Fire Protection: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Other Construction: Block; Brick Siding: Brick Basement: None Lot Description: Zero Lot Line View: Other Fireplace: None Floors: Hardwood Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Tankless Water Heater; Washer Sewer: Public Sewer Water: Public Other Rooms: Great Room; Laundry/Utility; Mstr Bdrm Main Level Misc Features: Drapes; Dry Bar; Elevator; Internet Available; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Whirlpool Tub; Wired for DSL; Wired for Internet Exterior Features: Windows - Wood Dining Area: Kitchen/Dining Rm Co; Living Rm/Dining Rm; Other Community Amenities: Elevator; Security Association Fee Incl: All Amenities; Association Ins; Building Exterior; Fire Protection; Security; Sewer; Trash; Water Showing: See Agent Instructns New Financing: Cash; Conventional

Listing Office: Alliance Sotheby's International

IDX

Office Phone: 865-357-3232

Last Updated: September - 12 - 2025

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.