635 7th Ave S 505, Nashville, TN 37203
635 7th Ave S 505, Nashville, TN 37203, Active at $1,450,000 ($769/sq ft). 4 bd · 3 ba · 1,886 sqft · $769/sqft · 0.04 ac.
635 7th Ave S 505, Nashville, TN 37203, Active at $1,450,000 ($769/sq ft). 4 bd · 3 ba · 1,886 sqft · $769/sqft · 0.04 ac.
Active · $1,450,000
MLS #3180279 · listed April 20, 2026 · 197 days on market · updated October 27, 2026
4-bed, 3-bath residence at 635 7th Ave S 505 in Hyve, Nashville, 1,886 sqft, $1,450,000 ($769/sqft), by Compass.
635 7th Ave S 505 is a 4-bedroom, 3-bath Airbnb in Nashville, TN 37203, offered at $1,450,000, about $769/sq ft across 1,886 sq ft.
All-in, about $10,645/mo at 20% down (7.55% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this Airbnb (property tax, insurance, and HOA) run about $2,494/mo, roughly 23% of the all-in monthly payment.
At the current 7.27% 30-year rate, principal and interest on this Airbnb runs about $7,929/mo; at the 6.83% rate of about three months ago it would be roughly $7,586/mo, so monthly P&I is about $343 higher now.
Short-term rental: this building permits STR, subject to a Metro Nashville permit.
Next step: ask Grant Hammond anything about 635 7th Ave S 505 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 27, 2026. Realtracs via IDX.
Short-term-rental property: see permit type and the revenue outlook below. STR eligibility is confirmed parcel by parcel, subject to a Metro Nashville permit.
More context: the Nashville short-term-rental zoning and permits guide.
Looking for an STR that truly performs? Hyve Unit 505 is a top-producing unit in one of Nashville's most sought-after NOO-STR buildings. With over $200K in gross revenue in 2025 and on pace for $275K in 2026, this is a true turnkey, cash-flowing investment. Walkable to Broadway and offering skyline views from a covered wraparound deck, this professionally designed, furnished, and styled unit is built to impress. Featuring 4 bedrooms and 3 bathrooms, the unit is zoned to accommodate the maximum occupancy of 12 guests on booking platforms, maximizing rental potential and guest appeal. The open-concept living space is filled with natural light from expansive picture windows and flows seamlessly to the terrace, creating the perfect setting for entertaining and delivering an elevated guest experience. Hyve's resort-style amenities include a pool with cabanas, fitness center, outdoor lounge areas, and social spaces that enhance guest satisfaction and encourage repeat bookings. Located just minutes from Music City Center, Broadway, premier restaurants, live music venues, and Nashville's top attractions, this property benefits from year-round tourism and consistent demand. Unit 505 also offers the unique ability to be double-booked with Unit 605 directly above it, creating additional income opportunities for larger groups and events. Whether you're looking for a high-performing investment, a flexible second home, or a full-time residence, this property delivers on location, design, lifestyle, and versatility.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 635 7th Ave S 505 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $1,450,000 | -$25,000 (-1.7%) | |
| Price change | $1,475,000 | -$25,000 (-1.7%) | |
| Listed | $1,500,000 | ||
| Deed recorded | $1,225,000 |
Listed April 20, 2026, this listing has been on the market 197 days as of November 3, 2026. The price has been reduced 2 times, from $1,500,000 to $1,450,000 (-3.3%), most recently on October 27, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
635 7th Ave S 505 has 2 Realtracs listing records in the GH Market Engine archive. Every dated event the engine holds for this address, newest first, with its source.
| Date | Event | Price | Source |
|---|---|---|---|
| Price change | $1,450,000 | Realtracs MLS #3180279 | |
| by | Price change | $1,475,000 | Realtracs MLS #3180279 |
| Listed for sale | $1,500,000 | Realtracs MLS #3180279 | |
| Sold | $1,225,000 | Realtracs MLS #2591098 | |
| Sold (public record) | $1,225,000 | Public record | |
| Under contract | n/a | Realtracs MLS #2591098 | |
| Listing removed | n/a | Realtracs MLS #2591098 | |
| Listed for sale | $1,350,000 | Realtracs MLS #2591098 |
Realtracs listing activity before June 18, 2026 is not in our archive. Recorded sales come from Davidson County public records. "by" marks a date the archive learned after the fact.
The Davidson County Assessor's appraised value of 635 7th Ave S 505 by year: $105,000 in 2022 to $1,207,000 in 2025, a change of +1050%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $182,000 | $1,025,000 | $0 | $1,207,000 | ROLL |
| 2023 | $105,000 | $832,400 | $0 | $937,400 | PR |
| 2022 | $105,000 | $0 | $0 | $105,000 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Investor carrying cost for 635 7th Ave S 505 at $1,450,000: debt service, property tax, STR-grade insurance, HOA, plus management and occupancy tax, netted against the revenue outlook above for a cap-rate view.
| List price | $1,450,000 |
|---|---|
| HOA dues | $1,056 / mo |
| Operating load | Management, cleaning, occupancy tax, and STR-grade insurance reduce net yield, see the conservative revenue outlook above. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 635 7th Ave S 505 is about $10,645/mo, 20% down on a 30-year fixed at 7.55% (a jumbo loan), including principal & interest $8,151, estimated property tax $850, STR-grade insurance $588, and HOA dues $1,056. Estimate only; not a loan offer.
| Principal & interest | $8,151/mo |
|---|---|
| Property tax (est.) | $850/mo |
| STR-grade insurance (est.) | $588/mo |
| HOA dues | $1,056/mo |
| Estimated total | $10,645/mo |
Assumes 20% down, 30-year fixed at 7.55% (Mortgage News Daily, as of October 30, 2026). Property tax uses the Davidson County Urban Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.55% | $7,370/mo | $9,864/mo | -$781/mo |
| 7.05% | $7,757/mo | $10,251/mo | -$394/mo |
| 7.55% | $8,151/mo | $10,645/mo | current |
| 8.05% | $8,552/mo | $11,046/mo | +$401/mo |
| 8.55% | $8,961/mo | $11,455/mo | +$810/mo |
Principal & interest on a 30-year fixed at 20% down ($1,160,000 loan), with property tax, insurance, and HOA held constant at $2,494/mo. Current 30-year fixed 7.55% (Mortgage News Daily, as of October 30, 2026). Estimate only; not a loan offer.
Illustrative gross short-term-rental revenue for 635 7th Ave S 505 at two example assumptions (illustrative inputs, not a market forecast for this property):
| Scenario | Nightly rate | Occupancy | Gross / yr |
|---|---|---|---|
| Conservative | $175/night | 50% | $31,900 |
| Stronger | $275/night | 68% | $68,300 |
Gross is nightly rate × 365 × occupancy. Net is materially lower after operating costs (management, cleaning, Metro occupancy tax, STR-grade insurance; commonly 30–40% of gross) and debt service of about $8,151/mo in principal and interest at 20% down. Turn on JavaScript to model your own assumptions (cash flow, cash-on-cash, DSCR, cap rate).
Nightly rate and occupancy above are illustrative example inputs, not a market forecast for this property. A non-owner-occupied short-term-rental permit is issued parcel by parcel by Metro Nashville and does not convey on sale. Estimate only; not financial or investment advice.
The Davidson County appraised value of $1,207,000 trails the $1,450,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $8,491 now to roughly $10,201 (appraised value times the 25% Tennessee residential ratio times the Davidson County Urban Services District rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Davidson County Assessor of Property and Trustee. Estimate only.
| Metric | This Airbnb | Hyve active | Recently sold |
|---|---|---|---|
| Price / sq ft | $769 | $769 median | $556 median |
| Price position | 50th pctile | 0% vs median | ~97.2% of list |
| Hyve vs Nashville 37203 area | - | +30% | - |
| Recent closings | - | - | 46 sales |
This listing beside the active Hyve market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of November 3, 2026.
At $769/sq ft, this Airbnb ranks in the 50th percentile of the 11 active Airbnbs in Hyve by price per square foot.
Prices per square foot in Hyve run about 30% above Nashville 37203 area.
Taken together, this Airbnb is priced in line with Hyve on a per-square-foot basis.
Computed by Grant Hammond from 11 Hyve comparables (Realtracs via IDX), as of November 3, 2026, refreshed weekly.
| Active listings | 350 in Nashville 37203 condos |
|---|---|
| Recent absorption | about 36.8 sales / mo |
| Months of inventory | 9.5 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37203 condos sold at about 97.2% of list price.
Recorded sales in Nashville 37203 condos: 409 in the past 12 months.
Supply-side and recent-sale context for Nashville 37203 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37203 condos closings. Source Realtracs via IDX, as of October 31, 2026.
635 7th Ave S 505 sits in Hyve, Nashville, Davidson County.
In Hyve, homes there are priced around $769 per square foot; inventory in Nashville 37203 condos is running at about 9.5 months, a buyer-favored market; recent sales in Nashville 37203 closed near 97.2% of list price; 46 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of November 1, 2026.
Approximately 0.8 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 635 7th Ave S 505 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 635 7th Ave S 505, by price and size.
Listed by Brooks Taylor, Compass. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
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As of the latest update (October 27, 2026), 635 7th Ave S 505, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
635 7th Ave S 505 was listed on April 20, 2026 and has been on the market 197 days as of November 3, 2026, per Realtracs.
Yes. It was first listed at $1,500,000. The price has been reduced 2 times, most recently to $1,450,000 on October 27, 2026, a total change of -3.3%.
635 7th Ave S 505, Nashville is listed at $1,450,000, about $769 per square foot across 1,886 square feet.
4 bedrooms and 3 bathrooms.
About $769 per square foot ($1,450,000 across 1,886 sqft).
635 7th Ave S 505, Nashville was built in 2023.
No garage is reported in the listing.
HOA dues are $1,056 per month, as listed.
635 7th Ave S 505, Nashville is in the Hyve subdivision of Nashville.
About $10,645 a month with 20% down on a 30-year fixed at 7.55%, principal and interest $8,151, estimated property tax $850, insurance $588, and HOA $1,056. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
635 7th Ave S 505, Nashville is marketed as a short-term-rental investment property. Non-owner-occupied STR permits are issued parcel by parcel by Metro Nashville, not by neighborhood; confirm current permit status before closing.
No. A Metro Nashville STR permit is tied to the property and the permit holder and does not automatically convey; a buyer applies for their own.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales, 550+ Nashville short-term rental transactions and hundreds of millions in luxury closings. Use the tour or question form on this page.
At about $769 per square foot, 635 7th Ave S 505, Nashville ranks in the 50th percentile of active Hyve listings by price per square foot; recent comparable sales in Hyve closed near $556 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37203 condos market is currently buyer-favored (ample supply), at about 9.5 months of inventory; recent sales have closed near 97.2% of list price over the past year, per Realtracs as of October 31, 2026.
Thinking of selling in Hyve?
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