1196 Lula Ln, Franklin, TN 37064
Active · $2,799,500
MLS #3255115 · updated 2026-07-10 · listed with Sell Your Home Services, LLC
Active · $2,799,500
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.
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.
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.
The evidence behind that pricing read:
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 basis | Assessed land value × the county assessment ratio (varies by land classification) × the Williamson County rate |
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.
1196 Lula Ln sits in Franklin, Williamson County.
As of the latest update (2026-07-10), 1196 Lula Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
1196 Lula Ln, Franklin is listed at $2,799,500, about $121,664 per acre across 23.01 acres.
23.01 acres (23.01 ac).
About $121,664 per acre.
No subdivision is reported.
No HOA dues are reported for this homesite.
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.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
Complete reported fields for 1196 Lula Ln (reference).
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.
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.

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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