223 Lighthouse Ter, Franklin, TN 37064
Active · $829,000
5 beds2.5 baths3,139 sq ft$264 /sq ft0.23 acres
MLS #3247875 · updated 2026-06-25 · listed with Compass RE
Active · $829,000
MLS #3247875 · updated 2026-06-25 · listed with Compass RE
5-bed, 2.5-bath home at 223 Lighthouse Ter in Sullivan Farms Sec D, Franklin, 3,139 sqft, $829,000 ($264/sqft), by Compass RE.
223 Lighthouse Ter is a 5-bedroom, 2.5-bath home in Franklin, TN 37064, offered at $829,000, about $264/sq ft across 3,139 sq ft.
At $264/sq ft, this home is about 8% below the Sullivan Farms Sec D median list price per square foot of $286.
Market read: Franklin 37064 condos is a buyer-favored market at about 10.2 months of inventory.
School zone: assigned to Winstead Elementary School, Legacy Middle School, Centennial High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 223 Lighthouse Ter (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.
Welcome to 223 Lighthouse Terrace, a well-maintained home situated on a quiet cul-de-sac in Franklin's established Sullivan Farms community. Offering five bedrooms, a dedicated office, and additional flexible living space, the home provides a functional floor plan with room to spread out. The spacious primary suite serves as a private retreat, featuring a large walk-in closet with its own washer and dryer, along with an oversized bathroom complete with a large walk-in shower. The fifth bedroom is currently being used as a recreation and bonus space, offering flexibility for a variety of needs. An additional laundry room adds convenience to daily living. The home also features a brand-new roof. Outside, the home features a great usable yard, and a two-car garage, providing both functionality and flexibility for everyday living. Sullivan Farms residents enjoy neighborhood amenities including a community pool, recreation areas, walking trails, sidewalks, and green spaces. Conveniently located just minutes from Historic Downtown Franklin, Berry Farms, and the new In-N-Out headquarters, the home offers easy access to shopping, dining, parks, and major commuter routes while enjoying one of Franklin's most established neighborhoods.
Listing remarks courtesy of Compass RE via RealTracs.
| Metric | This home | Sullivan Farms Sec D active | Recently sold |
|---|---|---|---|
| Price / sq ft | $264 | $286 median | - |
| Price position | 18th pctile | -27% vs median | - |
This listing beside the active Sullivan Farms Sec D market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-07-17. Analysis, not an appraisal.
At $264/sq ft, this home ranks in the 18th percentile of the 55 active homes in Sullivan Farms Sec D by price per square foot.
Sullivan Farms Sec D trades about 27% below Franklin 37064 area on a price-per-square-foot basis.
Taken together, this home reads toward the higher end per square foot for Sullivan Farms Sec D.
Computed by Grant Hammond from 55 Sullivan Farms Sec D comparables (RealTracs via IDX), as of 2026-07-17, 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 | 234 in Franklin 37064 condos |
|---|---|
| Recent absorption | about 22.9 sales / mo |
| Months of inventory | 10.2 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Franklin 37064 condos. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37064 condos closings. Source RealTracs via IDX, as of 2026-07-16. Analysis, not an appraisal.
Estimated monthly ownership for 223 Lighthouse Ter at $829,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $829,000 |
|---|---|
| HOA dues | $63 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
The Williamson County appraised value of $526,000 trails the $829,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,099 now to roughly $3,308 (appraised value times the 25% Tennessee residential ratio times the Franklin, Williamson County rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Williamson County Assessor of Property and Trustee. Estimate only.
Last sale and county assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Dated history for this listing, tracked by the GH Market Engine.
223 Lighthouse Ter sits in Sullivan Farms Sec D, Franklin, Williamson County.
In Sullivan Farms Sec D, homes there are priced around $286 per square foot; inventory is running at about 10.2 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-07-17. Market data, not an appraisal.
223 Lighthouse Ter is zoned for Winstead Elementary School, Legacy Middle School, Centennial 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), 223 Lighthouse Ter, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
223 Lighthouse Ter, Franklin is listed at $829,000, about $264 per square foot across 3,139 square feet.
5 bedrooms and 2.5 ba (2 full, 1 half).
About $264 per square foot ($829,000 across 3,139 sqft).
223 Lighthouse Ter, Franklin was built in 1998.
Yes, 2 garage spaces, per the listing.
HOA dues are $63 per month, as listed.
223 Lighthouse Ter, Franklin is in the Sullivan Farms Sec D subdivision of Franklin.
223 Lighthouse Ter, Franklin is zoned for Winstead Elementary School, Legacy Middle School, Centennial High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 223 Lighthouse Ter, 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 $264 per square foot, 223 Lighthouse Ter, Franklin ranks in the 18th percentile of active Sullivan Farms Sec D listings by price per square foot, roughly 8% below the Sullivan Farms Sec D median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
Sullivan Farms Sec D is currently a buyer-favored market (ample supply), at about 10.2 months of inventory, per RealTracs as of 2026-07-16.
Complete reported fields for 223 Lighthouse Ter (reference).
Get the full details, recent comparable sales, and any off-market options for 223 Lighthouse Ter - 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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