245 Hermitage Ave 401, Nashville, TN 37210
245 Hermitage Ave 401, Nashville, TN 37210, Active at $529,900 ($807/sq ft). 1 bd · 1 ba · 657 sqft · $807/sqft · 0.02 ac.
245 Hermitage Ave 401, Nashville, TN 37210, Active at $529,900 ($807/sq ft). 1 bd · 1 ba · 657 sqft · $807/sqft · 0.02 ac.
Active · $529,900
MLS #3280799 · listed June 22, 2026 · 128 days on market · updated July 14, 2026
1-bed, 1-bath residence at 245 Hermitage Ave 401 in NEO, Nashville, 657 sqft, $529,900 ($807/sqft), by Compass RE.
245 Hermitage Ave 401 is a 1-bedroom, 1-bath Airbnb in Nashville, TN 37210, offered at $529,900, about $807/sq ft across 657 sq ft.
All-in, about $3,854/mo at 20% down (7.33% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this Airbnb (property tax, insurance, and HOA) run about $939/mo, roughly 24% of the all-in monthly payment.
At the current 7.33% 30-year rate, principal and interest on this Airbnb runs about $2,915/mo; at the 6.81% rate of about three months ago it would be roughly $2,766/mo, so monthly P&I is about $149 higher now.
Short-term rental: this building permits STR, subject to a Metro Nashville permit.
Next step: ask Grant Hammond anything about 245 Hermitage Ave 401 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of July 14, 2026. Realtracs via IDX.
Short-term-rental property: see permit type and the revenue outlook below. STR eligibility is confirmed parcel by parcel, subject to a Metro Nashville permit.
More context: the Nashville short-term-rental zoning and permits guide.
Unobstructed downtown Nashville skyline views set this fully furnished, turnkey residence apart, with panoramic city views from both the living room and private balcony. Enjoy your morning coffee overlooking the skyline and take in Nashville's iconic Fourth of July fireworks from your own front-row seat. Located just one mile from Broadway, this Airbnb-eligible residence is designed with a sophisticated black-and-white palette and elevated boutique-hotel style, offering an exceptional opportunity as a primary residence, second home, or income-producing investment. Inside, designer lighting, striking accent walls, contemporary finishes, and carefully selected furnishings create an unforgettable guest experience. The open-concept living area flows into a sleek kitchen featuring quartz countertops and dramatic black cabinetry. The spacious primary suite offers a king bed, bold designer finishes, and an ensuite bath with dual vanities, while the home comfortably accommodates up to six guests. Neo is in its final phase of development, with exciting additions still to come, including gated entry and a brand-new resort-style pool and cabana. Enjoy the flexibility to make this your primary residence, personal Nashville getaway, or capitalize on its Airbnb eligibility for short-term rental income. For qualified buyers, ownership may also present potential tax advantages, including bonus depreciation. Buyers should consult their tax professional regarding individual eligibility.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 245 Hermitage Ave 401 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $529,900 |
Listed June 22, 2026, this listing has been on the market 128 days as of October 28, 2026. The asking price has not changed since it was listed.
Investor carrying cost for 245 Hermitage Ave 401 at $529,900: debt service, property tax, STR-grade insurance, HOA, plus management and occupancy tax, netted against the revenue outlook above for a cap-rate view.
| List price | $529,900 |
|---|---|
| HOA dues | $295 / mo |
| Operating load | Management, cleaning, occupancy tax, and STR-grade insurance reduce net yield, see the conservative revenue outlook above. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 245 Hermitage Ave 401 is about $3,854/mo, 20% down on a 30-year fixed at 7.33% (a conforming loan), including principal & interest $2,915, estimated property tax $311, STR-grade insurance $333, and HOA dues $295. Estimate only; not a loan offer.
| Principal & interest | $2,915/mo |
|---|---|
| Property tax (est.) | $311/mo |
| STR-grade insurance (est.) | $333/mo |
| HOA dues | $295/mo |
| Estimated total | $3,854/mo |
Assumes 20% down, 30-year fixed at 7.33% (Mortgage News Daily, as of October 23, 2026). Property tax uses the Davidson County Urban 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 |
|---|---|---|---|
| 6.33% | $2,632/mo | $3,571/mo | -$283/mo |
| 6.83% | $2,772/mo | $3,711/mo | -$143/mo |
| 7.33% | $2,915/mo | $3,854/mo | current |
| 7.83% | $3,060/mo | $3,999/mo | +$145/mo |
| 8.33% | $3,209/mo | $4,148/mo | +$294/mo |
Principal & interest on a 30-year fixed at 20% down ($423,920 loan), with property tax, insurance, and HOA held constant at $939/mo. Current 30-year fixed 7.33% (Mortgage News Daily, as of October 23, 2026). Estimate only; not a loan offer.
Illustrative gross short-term-rental revenue for 245 Hermitage Ave 401 at two example assumptions (illustrative inputs, not a market forecast for this property):
| Scenario | Nightly rate | Occupancy | Gross / yr |
|---|---|---|---|
| Conservative | $175/night | 50% | $31,900 |
| Stronger | $275/night | 68% | $68,300 |
Gross is nightly rate × 365 × occupancy. Net is materially lower after operating costs (management, cleaning, Metro occupancy tax, STR-grade insurance; commonly 30–40% of gross) and debt service of about $2,915/mo in principal and interest at 20% down. Turn on JavaScript to model your own assumptions (cash flow, cash-on-cash, DSCR, cap rate).
Nightly rate and occupancy above are illustrative example inputs, not a market forecast for this property. A non-owner-occupied short-term-rental permit is issued parcel by parcel by Metro Nashville and does not convey on sale. Estimate only; not financial or investment advice.
| Metric | This Airbnb | Nashville 37210 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $807 | $355 median | - |
| Price position | 82nd pctile | +127% vs median | - |
This listing beside the active Nashville 37210 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 28, 2026.
This listing beside the active Nashville 37210 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
At $807/sq ft, this Airbnb ranks in the 82nd percentile of the 162 active Airbnbs in Nashville 37210 by price per square foot.
Computed by Grant Hammond from 162 Nashville 37210 comparables (Realtracs via IDX), as of October 28, 2026, refreshed weekly.
| Active listings | 76 in Nashville 37210 condos |
|---|---|
| Recent absorption | about 11.3 sales / mo |
| Months of inventory | 6.7 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37210 condos sold at about 100% of list price.
Recorded sales in Nashville 37210 condos: 99 in the past 12 months.
Supply-side and recent-sale context for Nashville 37210 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37210 condos closings. Source Realtracs via IDX, as of October 24, 2026.
245 Hermitage Ave 401 sits in NEO, Nashville, Davidson County.
In Nashville 37210, homes there are priced around $356 per square foot; inventory in Nashville 37210 condos is running at about 6.7 months, a buyer-favored market; recent sales closed near 100% of list price; 43 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
Approximately 1.6 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 245 Hermitage Ave 401 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 245 Hermitage Ave 401, by price and size.
Listed by Tammi Weed, 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.
Nashville NOOSTR permits fell a net 125 in 12 months to 4,982 active on September 4, 2026. What the contraction means before you write an offer.
A Nashville 1031 exchange on a short-term rental: the 45 and 180 day clocks, the three identification rules, and where sellers actually miss them.
A Nashville STR broker breaks down the Section 280A 14-day rule and the separate personal-use test, and how using your own rental can quietly limit your deductions.
A turnkey Airbnb investment in Nashville transfers as an operating business: professionally furnished, professionally managed, with verified income and forward bookings. Alora Nashville executes this model at the highest level, and 100% bonus depreciation under the One Big Beautiful Bill Act makes day-one placed-in-service status especially valuable for executive investors.
As of the latest update (July 14, 2026), 245 Hermitage Ave 401, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
245 Hermitage Ave 401 was listed on June 22, 2026 and has been on the market 128 days as of October 28, 2026, per Realtracs.
No. The asking price has been $529,900 since it was listed on June 22, 2026.
245 Hermitage Ave 401, Nashville is listed at $529,900, about $807 per square foot across 657 square feet.
1 bedroom and 1 bathroom.
About $807 per square foot ($529,900 across 657 sqft).
245 Hermitage Ave 401, Nashville was built in 2023.
No garage is reported in the listing.
HOA dues are $295 per month, as listed.
245 Hermitage Ave 401, Nashville is in the NEO subdivision of Nashville.
About $3,854 a month with 20% down on a 30-year fixed at 7.33%, principal and interest $2,915, estimated property tax $311, insurance $333, and HOA $295. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
245 Hermitage Ave 401, Nashville is marketed as a short-term-rental investment property. Non-owner-occupied STR permits are issued parcel by parcel by Metro Nashville, not by neighborhood; confirm current permit status before closing.
No. A Metro Nashville STR permit is tied to the property and the permit holder and does not automatically convey; a buyer applies for their own.
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 and 550+ Nashville short-term rental transactions. Use the tour or question form on this page.
At about $807 per square foot, 245 Hermitage Ave 401, Nashville ranks in the 82nd percentile of active Nashville 37210 listings by price per square foot, roughly 127% above the Nashville 37210 median; recent comparable sales in Nashville 37210 closed near $293 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37210 condos market is currently buyer-favored (ample supply), at about 6.7 months of inventory; recent sales have closed near 100% of list price over the past year, per Realtracs as of October 24, 2026.
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