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1196 Lula Ln, Franklin, TN 37064

Active · $2,799,500

23.01 acres$121,664 /acreLot/Land/Acreage

MLS #3255115 · updated 2026-07-10 · listed with Sell Your Home Services, LLC

23.01-acre homesite at 1196 Lula Ln, Franklin, $2,799,500 ($121,664/acre), by Sell Your Home Services, LLC.

The quick read

1196 Lula Ln is a 23.01-acre homesite in Franklin, TN 37064, offered at $2,799,500.

Next step: ask Grant Hammond anything about 1196 Lula Ln (comps, HOA, tours) and he replies personally, usually same day.

Analysis by Grant Hammond, Compass RE. Figures as of 2026-07-10. RealTracs via IDX.

This is a vacant homesite (land silo), lot size, price per acre, and buildability are below; interior and residence data do not apply.

Highlights

23.01 acresRolling Slope$121,664/acre

Description of 1196 Lula Ln

One of the most coveted hilltops in Franklin, TN. The ultimate shovel-ready tract in the highly sought-after Southall corridor. This pristine 23.01-acre estate canvas is fully engineered and build-ready for an elite dual-home compound, private retreat, or a singular primary estate. Perched along a dramatic, high-elevation ridgeline, the property features two distinct, pre-approved building sites, each perked for 6 bedrooms/12 bedrooms total, and optimized for spectacular luxury residential footprints. These hilltop sites offer breathtaking, panoramic valley and ridge views with unmatched personal privacy, minutes from Franklin. The unique anatomy of the land delivers a spectacular architectural progression. The journey begins with an expansive 8 to 10 acres of flat, lower pasture at the valley floor, perfectly suited for a grand gated entry, sweeping equestrian use, or substantial secondary agricultural structures such as custom barns, workshops, or a luxury barndominium. From the pasture, the driveway ascends through a 10-acre pristine, forested hillside buffer. This natural curtain physically separates the lower functional land from the elite residential spaces above, completely securing the homes from outside visibility and ensuring permanent privacy. Unlike raw land plays that require years of environmental engineering and logistical delays, over $350k in high-value infrastructure is already complete on-site. City water and high-voltage power lines have already been run to both building sites on the ridge, and dual 6-bedroom septic systems are fully approved, no need to wait years to develop one of Franklin's most prestigious estates. Build today! Located just moments from the world-class amenities of Southall, yet offering an oasis of complete natural serenity and autonomy, this property represents a rare convergence of scale, majestic scenery, and immediate construction possibilities. Bring your custom builder and break ground immediately. Coming Soon!

Listing remarks courtesy of Sell Your Home Services, LLC via RealTracs.

How this homesite is priced

The evidence behind that pricing read:

  • Priced at $121,664 per acre across 23.01 acres; lot character: Rolling Slope. Land is compared on a per-acre basis, not $/sqft.
  • Analysis by Grant Hammond, Compass RE, comp-based, not an appraisal.

Cost of ownership

Financing a homesite differs from a home mortgage, lot/land loans typically require a larger down payment and a shorter term, and many buyers pay cash or use build-to-permanent financing. Ongoing cost is property tax on the assessed land value. Estimate only; not a loan offer.

List price$2,799,500
Property tax basisAssessed land value × the county assessment ratio (varies by land classification) × the Williamson County rate

Listing activity

Price and sale history

  • Last sold for $799,900 in September 2022. Listed at $2,799,500, about 250% above the last recorded sale.
  • County assessment: $985,500 total appraised value (land $985,500 + improvements $0).
  • Land accounts for about 100% of the county appraised value, a land-weighted parcel (renovation or rebuild potential; verify zoning and utilities before relying on it).

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.

    Location & neighborhood

    1196 Lula Ln sits in Franklin, Williamson County.

    Frequently asked questions

    Is 1196 Lula Ln, Franklin still for sale?

    As of the latest update (2026-07-10), 1196 Lula Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.

    How much does 1196 Lula Ln, Franklin cost?

    1196 Lula Ln, Franklin is listed at $2,799,500, about $121,664 per acre across 23.01 acres.

    How big is the lot at 1196 Lula Ln, Franklin?

    23.01 acres (23.01 ac).

    What is the price per acre?

    About $121,664 per acre.

    What subdivision is 1196 Lula Ln, Franklin in?

    No subdivision is reported.

    Are there HOA dues?

    No HOA dues are reported for this homesite.

    Can you build on 1196 Lula Ln, Franklin?

    1196 Lula Ln, Franklin is a homesite; buildability depends on zoning, available utilities, and topography, confirm with the county before purchase. Ask Grant Hammond about new-construction and short-term-rental development potential.

    Who can tell me more about 1196 Lula Ln, Franklin?

    Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.

    Full property details

    Complete reported fields for 1196 Lula Ln (reference).

    MLS #3255115
    StatusActive
    Price$2,799,500
    Price / acre$121,664
    Lot size23.01 acres
    Lot dimensions23.01 ac
    Lot featuresRolling Slope
    Property typeLot/Land/Acreage
    CountyWilliamson
    All 10 property fields
    Updated2026-07-10

    Ask Grant about 1196 Lula Ln

    Get the full details, recent comparable sales, and any off-market options for 1196 Lula Ln - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.

    Sent straight to Grant Hammond, Compass RE. Used only to respond to your inquiry, never sold or spammed. By submitting, you agree to be contacted about this property.

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    Listed with Sell Your Home Services, LLC. 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.

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