500 Grand Lagoon, Madison, TN 37115
500 Grand Lagoon, Madison, TN 37115, Active at $379,000 ($269/sq ft). 3 bd · 2.5 ba (2 full, 1 half) · 1,410 sqft · $269/sqft · 0.12 ac.
500 Grand Lagoon, Madison, TN 37115, Active at $379,000 ($269/sq ft). 3 bd · 2.5 ba (2 full, 1 half) · 1,410 sqft · $269/sqft · 0.12 ac.
Active · $379,000
MLS #3245930 · listed June 14, 2026 · 118 days on market · updated September 21, 2026
3-bed, 2.5-bath home at 500 Grand Lagoon in Heron Walk, Madison, 1,410 sqft, $379,000 ($269/sqft), by Realty of America.
500 Grand Lagoon is a 3-bedroom, 2.5-bath home in Madison, TN 37115, offered at $379,000, about $269/sq ft across 1,410 sq ft.
At $269/sq ft, this home is about 20% above the Madison 37115 median list price per square foot of $224.
Market read: the Madison homes market is balanced, at about 3.9 months of inventory.
All-in, about $2,615/mo at 20% down (7.48% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $499/mo, roughly 19% of the all-in monthly payment.
At the current 7.48% 30-year rate, principal and interest on this home runs about $2,116/mo; at the 6.64% rate of about three months ago it would be roughly $1,944/mo, so monthly P&I is about $172 higher now.
School zone: assigned to Neely's Bend Elementary, Neely's Bend Middle, Hunters Lane Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 500 Grand Lagoon (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of September 21, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Madison.
New price, new photos, new opportunity! Beautiful 1.5 story single family home featuring 3 spacious bedrooms & 2.5 bathrooms. This well maintained home offers an inviting floor plan with elegant hardwood floors and tile flooring throughout the main level, complemented by comfortable carpeting in the bedrooms. Primary suite includes a generous walk in closet, providing ample storage space. Additional highlights includes 2 car garage and thoughtfully designed living spaces that combine comfort and functionality. Property is currently tenant occupied and generates $2,200 per month in rental income on a month to month lease, offering flexibility for both investors and owner occupants. Please meke appointments 24 hours in advance, tenants will need 30 days after closing to move out. This home presents an excellent opportunity for those seeking quality or immediate income potential.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 500 Grand Lagoon (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $379,000 | -$20,000 (-5.0%) | |
| Listed | $399,000 | ||
| Deed recorded | $185,000 | ||
| Deed recorded | $140,000 | ||
| Deed recorded | $139,200 | ||
| Deed recorded | $98,900 |
Listed June 14, 2026, this listing has been on the market 118 days as of October 10, 2026. The price has been reduced once, from $399,000 to $379,000 (-5.0%). The most recent change was first seen on our daily record August 26, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 500 Grand Lagoon at $379,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $379,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 500 Grand Lagoon is about $2,615/mo, 20% down on a 30-year fixed at 7.48% (a conforming loan), including principal & interest $2,116, estimated property tax $220, homeowners insurance $279. Estimate only; not a loan offer.
| Principal & interest | $2,116/mo |
|---|---|
| Property tax (est.) | $220/mo |
| Homeowners insurance (est.) | $279/mo |
| Estimated total | $2,615/mo |
Assumes 20% down, 30-year fixed at 7.48% (Mortgage News Daily, as of October 9, 2026). Property tax uses the Davidson County General 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 |
|---|---|---|---|
| 6.48% | $1,912/mo | $2,411/mo | -$204/mo |
| 6.98% | $2,013/mo | $2,512/mo | -$103/mo |
| 7.48% | $2,116/mo | $2,615/mo | current |
| 7.98% | $2,221/mo | $2,720/mo | +$105/mo |
| 8.48% | $2,327/mo | $2,826/mo | +$211/mo |
Principal & interest on a 30-year fixed at 20% down ($303,200 loan), with property tax, insurance held constant at $499/mo. Current 30-year fixed 7.48% (Mortgage News Daily, as of October 9, 2026). Estimate only; not a loan offer.
Owning 500 Grand Lagoon runs about $2,615/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
| Metric | This home | Madison 37115 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $269 | $227 median | - |
| Price position | 71st pctile | +19% vs median | - |
This listing beside the active Madison 37115 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 10, 2026.
At $269/sq ft, this home ranks in the 71st percentile of the 256 active homes in Madison 37115 by price per square foot.
Computed by Grant Hammond from 256 Madison 37115 comparables (Realtracs via IDX), as of October 10, 2026, refreshed weekly.
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 |
|---|---|
| Hillsboro | $460/sq ft |
| Stratford | $369/sq ft |
| Pearl-Cohn | $318/sq ft |
| Maplewood | $317/sq ft |
| Glencliff | $282/sq ft |
| James Lawson | $273/sq ft |
| John Overton | $263/sq ft |
| McGavock | $236/sq ft |
| Hunters Lane | $233/sq ft |
| Whites Creek | $233/sq ft |
| Cane Ridge | $220/sq ft |
| Antioch | $212/sq ft |
Computed by Grant Hammond from active Davidson County listings (Realtracs via IDX).
| Active listings | 103 in Madison homes |
|---|---|
| Recent absorption | about 26.4 sales / mo |
| Months of inventory | 3.9 months, a balanced market |
Supply-side and recent-sale context for Madison homes. Sale figures are trailing 6/12/24-month medians of recorded Madison homes closings. Source Realtracs via IDX, as of September 23, 2026.
500 Grand Lagoon sits in Heron Walk, Madison, Davidson County.
In Madison 37115, homes there are priced around $224 per square foot; inventory in Madison homes is running at about 3.9 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of September 23, 2026.
Approximately 8.5 miles from downtown Nashville (straight-line distance).
500 Grand Lagoon is zoned for Neely's Bend Elementary, Neely's Bend Middle, Hunters Lane Comp High School. Attendance zones and enrollment change, confirm current zoning with the Metro Nashville Public Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 500 Grand Lagoon - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 500 Grand Lagoon, by price and size.
Listed by Edubina Arce, Realty of America. 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.
August 2026 Nashville housing market: inventory up 10% to 14,294 homes, supply at 5.59 months, average price up 3% to $637,141. What it means for buyers.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
Brentwood does not price as one market. Over the trailing 24 months, the new-construction enclaves Rosebrooke (about $3.74M median) and Witherspoon (about $3.33M) price above the established gated golf community at Governors Club (about $2.35M), against a townwide median near $1.58M. A Nashville broker's subdivision-level read for summer 2026 with live listings.
June 2026 Middle Tennessee real estate data shows the average sale price up 7% year over year to $682,835, active inventory up 8%, and new contracts up 12% even as closings fell 4% and new listings dropped 16%. Months of supply rose to 4.8. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
As of the latest update (September 21, 2026), 500 Grand Lagoon, Madison is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
500 Grand Lagoon was listed on June 14, 2026 and has been on the market 118 days as of October 10, 2026, per Realtracs.
Yes. It was first listed at $399,000. The price has been reduced once, most recently to $379,000 by August 26, 2026, a total change of -5.0%.
500 Grand Lagoon, Madison is listed at $379,000, about $269 per square foot across 1,410 square feet.
3 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $269 per square foot ($379,000 across 1,410 sqft).
500 Grand Lagoon, Madison was built in 2000.
Yes, 2 garage spaces, per the listing.
No HOA dues are reported for this home.
500 Grand Lagoon, Madison is in the Heron Walk subdivision of Madison.
About $2,615 a month with 20% down on a 30-year fixed at 7.48%, principal and interest $2,116, estimated property tax $220, insurance $279. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
500 Grand Lagoon, Madison is zoned for Neely's Bend Elementary, Neely's Bend Middle, Hunters Lane Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 500 Grand Lagoon, Madison is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
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. Use the tour or question form on this page.
At about $269 per square foot, 500 Grand Lagoon, Madison ranks in the 75th percentile of active Madison 37115 listings by price per square foot, roughly 20% above the Madison 37115 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Madison homes market is currently balanced, at about 3.9 months of inventory, per Realtracs as of September 23, 2026.
Thinking of selling in Heron Walk?
Get a data-driven estimate of your home's value from Grant Hammond, Compass RE.