Active · $1,399,000
MLS #3239620 · updated 2026-06-25 · listed with Compass RE
5-bed, 4.5-bath home at 5083 Terravista Ln in Terravista Sec2, Franklin, 4,619 sqft, $1,399,000 ($303/sqft), by Compass RE.
5083 Terravista Ln is a 5-bedroom, 4.5-bath home in Franklin, TN 37064, offered at $1,399,000, about $303/sq ft across 4,619 sq ft.
At $303/sq ft, this home is about 24% below the Franklin 37064 median list price per square foot of $400.
Market read: Franklin 37064 homes is a buyer-favored market at about 7.3 months of inventory.
School zone: assigned to Creekside Elementary School, Fred J Page Middle School, Fred J Page High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 5083 Terravista Ln (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of 2026-06-25. RealTracs via IDX.
This is a standard residential home (homes silo), not a short-term-rental property.
Tucked into the rolling hills of Franklin, Terravista is one of those neighborhoods people rarely want to leave, offering a peaceful setting, low HOA, and thoughtful amenities including a community firepit and scenic walking trail through the surrounding hills. Located just 5 minutes or less from top-rated Williamson County schools, restaurants, shopping, and interstate access, this home also places Downtown Nashville and BNA Airport within 30 minutes. Welcome to 5083 Terravista Lane, a like-new home designed with both comfort and functionality in mind. The main level features beautiful hardwood floors throughout, a spacious open-concept kitchen, covered back patio, dedicated office or dining room, and the convenience of both the primary suite and a guest bedroom downstairs. Upstairs offers room for everyone with 3 additional bedrooms, a large bonus room, and a dedicated movie room perfect for entertaining or relaxing nights at home. This home has been thoughtfully upgraded with fresh interior paint, custom closet build-outs in both primary closets and the downstairs guest suite, laundry room cabinets, and updated designer lighting throughout the main level. Additional premium improvements include media room with built-in surround audio system with woofer and plug/play wiring that easily connects to a projector, whole-house salt-based water softener system, reverse osmosis purified water outlet at the kitchen island, premium shades throughout the home, including motorized shades in the main living areas on both floors, sprinkler system for front and back yard, exterior landscape and architectural lighting, freshly stained deck, and sealed driveways, walkways, steps, and backyard concrete. With elevated finishes, flexible living spaces, and an unbeatable Franklin location, this home offers the perfect blend of convenience, luxury, and everyday comfort.
Listing remarks courtesy of Compass RE via RealTracs.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $303 | $400 median | - |
| Price position | 19th pctile | +9% vs median | - |
This listing beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-07-18. Analysis, not an appraisal.
Among the active homes in Franklin 37064, this home at $303/sq ft falls in the 19th percentile on price per square foot.
Franklin 37064 trades about 9% above greater Franklin on a price-per-square-foot basis.
Taken together, this home reads toward the higher end per square foot for Franklin 37064.
Computed by Grant Hammond from the active Franklin 37064 comparables (RealTracs via IDX), as of 2026-07-18, refreshed weekly. Analysis, not an appraisal.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Brentwood | $367/sq ft |
| Ravenwood | $351/sq ft |
| Franklin | $349/sq ft |
| Independence | $338/sq ft |
| Fred J. Page | $327/sq ft |
| Centennial | $306/sq ft |
| Nolensville | $300/sq ft |
| Summit | $271/sq ft |
| Fairview | $261/sq ft |
Computed by Grant Hammond from active Williamson County listings (RealTracs via IDX). Analysis, not an appraisal.
| Active listings | 653 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 89.5 sales / mo |
| Months of inventory | 7.3 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Franklin 37064 homes. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37064 homes closings. Source RealTracs via IDX, as of 2026-07-16. Analysis, not an appraisal.
Estimated monthly ownership for 5083 Terravista Ln at $1,399,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $1,399,000 |
|---|---|
| HOA dues | $88 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Dated history for this listing, tracked by the GH Market Engine.
5083 Terravista Ln sits in Terravista Sec2, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $400 per square foot; inventory is running at about 7.3 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-07-18. Market data, not an appraisal.
5083 Terravista Ln is zoned for Creekside Elementary School, Fred J Page Middle School, Fred J Page High School. Attendance zones and enrollment change, confirm current zoning with the Williamson County Schools district before relying on it.
As of the latest update (2026-06-25), 5083 Terravista Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
5083 Terravista Ln, Franklin is listed at $1,399,000, about $303 per square foot across 4,619 square feet.
5 bedrooms and 4.5 ba (4 full, 1 half).
About $303 per square foot ($1,399,000 across 4,619 sqft).
5083 Terravista Ln, Franklin was built in 2023.
Yes, 3 garage spaces, per the listing.
HOA dues are $88 per month, as listed.
5083 Terravista Ln, Franklin is in the Terravista Sec2 subdivision of Franklin.
5083 Terravista Ln, Franklin is zoned for Creekside Elementary School, Fred J Page Middle School, Fred J Page High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 5083 Terravista Ln, Franklin is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $303 per square foot, 5083 Terravista Ln, Franklin ranks in the 19th percentile of active Franklin 37064 listings by price per square foot, roughly 24% below the Franklin 37064 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
Franklin 37064 is currently a buyer-favored market (ample supply), at about 7.3 months of inventory, per RealTracs as of 2026-07-16.
Complete reported fields for 5083 Terravista Ln (reference).
Get the full details, recent comparable sales, and any off-market options for 5083 Terravista Ln - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Compass RE. 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.
Market guidance by Grant Hammond, Compass RE, 25+ years, $1B+ in Middle Tennessee sales.
Franklin, TN single-family homes closed at a median of $1,050,000, or $342 per square foot, over the past 24 months. Median price per square foot runs from $306 to $462 across the seven Williamson County Schools high-school attendance zones (RealTracs, 3,387 closings).
Franklin TN home prices over the trailing six months: 978 closings, a $949,995 median, and the new-construction supply that keeps Williamson County near double the Davidson County median. A broker's data read, with live market stats, current MLS listings, and how Franklin compares to Brentwood.
Short-term rental laws in Middle Tennessee govern permit types, zoning eligibility, and HOA restrictions across Nashville, Brentwood, Franklin, and Belle Meade.
[vc_row][vc_column width="1/1"][vc_column_text]It is quite rare for a high-end property to be foreclosed upon in historic downtown Franklin, TN. It’s even more rare for one of the
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