531 S Gay St, 1501, Knoxville, TN 37902

New
$1,498,800
Property Type: Single Family Bedrooms: 2 Square Footage: 1,988 Status: Active
Current Price: $1,498,800 List Date: 8/29/2025 Last Modified: 8/29/2025

Description

Experience the epitome of urban living in Downtown's thriving Theater District. This remarkable Penthouse Residence is one of only two penthouses in the premier Holston Building, perched high above vibrant Gay Street. It showcases a bright, light-filled kitchen with a gas cooktop & open living area, expansive windows, beautiful hardwood floors, generous closet spaces, and elegant contemporary fixtures. Enjoy sweeping views of the Great Smoky Mountains, Tennessee River, illuminated bridges, and ever-changing cityscape from the 12 private windows and balcony of this impressive 15th floor residence. Soak in awe-inspiring sunrises, sunsets, nighttime views, Gay Street parades, firework celebrations, and Neyland Stadium's scoreboard. Special features include custom remote-operated window blinds, large jacuzzi tub, 4 walk-in closets, and a private large storage unit (located on the second floor). This unique Holston development boasts a controlled-access entrance, private elevator to service the top three floors (only 6 residences), concierge service, and security cameras in the lobby, along with a Community Room on the second floor overlooking bustling Gay Street. Located on the first floor and basement of this Holston Building, you'll find the exceptional Vida restaurant and unique Vault lounge, constructed in the vault of the former Holston Bank. Enjoy your urban retreat in this peaceful penthouse or step outside to experience the city's most popular markets, restaurants and cafes, entertainment venues, fitness studios & galleries. And with proximity to the new Covenant Health Park stadium, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, the University of Tennessee, and the South Waterfront, you can enjoy it all while living in The Holston. Originally erected in 1913, this iconic building was redeveloped into elegant condominium residences in 2008, with the additions of Vida and The Vault recently. The approximate size is per Courthouse Retrieval System and is an estimate only. Seller has paid for an assigned parking space in the nearby Hilton garage through August 2026. Buyer to verify size, taxes & HOA fees, which are subject to change. HOA fee includes the common area management and upkeep, water, sewer and gas, concierge services, and internet & television package.

More Information MLS# 1305147

Location Tax Legal Info

House #: 531 St Dir: S Street Name: Gay St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 094LE01902U Subdivision: The Holston Building Condominiums Geo Lat: 35.964241 Geo Lon: -83.918123

Contract Info

Auction Y/N: No Listing Price: 1498800 Current Price: $1,498,800 Status: Active Listing Date: 2025-06-18 Occupancy: Permanent Residence

General Property Description

Type: High Rise Lot Dimensions: condominium Acre Source: Tax Records Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 1988 SqFt - Main Lvl: 1988 # Bedrooms: 2 Baths - Full: 2 # of Rooms: 5 Fireplace: No Property Status: N/A HOA: Mandatory HOA Fee: 729.85 HOA Freq: Monthly HOA Contact: Linda Redmond 777-0202/lredmond@providencecres.com Position of Unit: Top Floor Corner Year Built: 2008 Bonus Room: No Extra Storage: Yes

Status Change Info

Status Change Date: 2025-06-18

Property Features

Style: Historic; Other Construction: Brick; Other Siding: Brick; Other Basement: Other Lot Description: Other View: Mountain View Fireplace: None Floors: Hardwood; Tile Fuel: Electric; Gas (Natural) Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling; Other Appliances: Dishwasher; Disposal; Dryer; Gas Cooktop; Microwave; Range; Refrigerator; Washer Sewer: Public Sewer Water: Public Other Rooms: Extra Storage Misc Features: Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect; Wired for DSL; Wired for Internet Exterior Features: Balcony; Windows - Insulated Dining Area: Breakfast Bar; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Elevator; Extra Storage; Other - See Remarks Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance; Pest Contract; Security; Sewer; Water; Other Showing: See Agent Instructns New Financing: Cash; Conventional
Listing Office: Downtown Realty, Inc.
Office Phone: 865-588-5535
Last Updated: August - 29 - 2025
531 S Gay St, 1501, Knoxville, TN 37902- MLS# 1305147
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