601 Madison St 307, Nashville, TN 37208
601 Madison St 307, Nashville, TN 37208, Active at $1,750,000 ($858/sq ft). 2 bd · 2.5 ba (2 full, 1 half) · 2,040 sqft · $858/sqft · 0.02 ac.
601 Madison St 307, Nashville, TN 37208, Active at $1,750,000 ($858/sq ft). 2 bd · 2.5 ba (2 full, 1 half) · 2,040 sqft · $858/sqft · 0.02 ac.
Open living area with a kitchen island, dining table and large windows overlooking trees and the skyline.
Active · $1,750,000
MLS #3615000 · listed October 8, 2026 · 27 days on market · updated October 8, 2026
2-bed, 2.5-bath condo at 601 Madison St 307 in Elliott School, Nashville, 2,040 sqft, $1,750,000 ($858/sqft), by Onward Real Estate.
601 Madison St 307 is a 2-bedroom, 2.5-bath condo in Nashville, TN 37208, offered at $1,750,000, about $858/sq ft across 2,040 sq ft.
Recently sold in Nashville 37208: 19 comparable condos from $1,185,000 to $2,349,000, a median of $610/sq ft.
Market read: the Nashville 37208 condos market is buyer-favored as of October 16, 2026, at about 11 months of inventory; recent sales have closed near 98.8% of list in the 12 months to October 23, 2026.
All-in, about $12,449/mo at 20% down (7.60% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this condo (property tax, insurance, and HOA) run about $2,564/mo, roughly 21% of the all-in monthly payment.
At the current 7.30% 30-year rate, principal and interest on this condo runs about $9,598/mo; at the 6.81% rate of about three months ago it would be roughly $9,136/mo, so monthly P&I is about $462 higher now.
Next step: ask Grant Hammond anything about 601 Madison St 307 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 8, 2026. Realtracs via IDX.
This is a condominium; HOA dues and building context are factored into the cost and pricing analysis below.
More context: Nashville condos and building guides.
A two bedroom penthouse with RARE PRIVATE ROOFTOP TERRACE framing the downtown skyline. Located in Historic Germantown in the boutique Elliot School building with only 22 total residences. Inside: 2,040 square feet, 2 bed / 2.5 bath, soaring ceilings, original plaster walls and brickwork, gorgeous windows and a custom kitchen. 2 dedicated parking spaces. Turnkey, no updates needed. A private rooftop deck, with a downtown skyline view over Bicentennial Park meaning there is only greenspace between you and the view, is something the city has almost none of. Large windows offer sweeping views of the city from inside the penthouse as well. Upgrades throughout by seller after construction including custom cabinetry and custom closets. Walkable to the Ryman but you aren't part of the downtown crowds. Rolf & Daughters, City House, The Optimist, and the Neuhoff riverfront, including Sensa Padel, Close Company, and Charmers, are all within reach.
Listing remarks via the Realtracs Internet Data Exchange.
The listing photos show a penthouse condo with an open kitchen and living area, wood floors, and tall divided-light windows that bring in natural light and frame views of trees and the Nashville skyline. The exterior is brick with stone columns at the entrance. A private rooftop terrace with a wood deck, a built-in grill, and a fire pit table overlooks the downtown skyline.
Seen in the photos: rooftop terrace, downtown skyline view, kitchen island, stone countertops, wood floors, divided-light windows, brick window sill, built-in grill.
Described from the Realtracs listing photos; measurements, counts and features per the listing and county records on this page.
Complete reported fields for 601 Madison St 307 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $1,750,000 |
Listed October 8, 2026, this listing has been on the market 27 days as of November 4, 2026. The asking price has not changed since it was listed.
Estimated monthly ownership for 601 Madison St 307 at $1,750,000: principal & interest, property tax, insurance, and the HOA fee decomposed below. Estimate only; not a loan offer.
| List price | $1,750,000 |
|---|---|
| HOA dues | $871 / mo |
| HOA fee includes | Confirm per building (commonly insurance, exterior maintenance, amenities); the fee is part of true monthly cost. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 601 Madison St 307 is about $12,449/mo, 20% down on a 30-year fixed at 7.60% (a jumbo loan), including principal & interest $9,885, estimated property tax $1,026, homeowners insurance $667, and HOA dues $871. Estimate only; not a loan offer.
| Principal & interest | $9,885/mo |
|---|---|
| Property tax (est.) | $1,026/mo |
| Homeowners insurance (est.) | $667/mo |
| HOA dues | $871/mo |
| Estimated total | $12,449/mo |
Assumes 20% down, 30-year fixed at 7.60% (Mortgage News Daily, as of October 22, 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 |
|---|---|---|---|
| 6.60% | $8,941/mo | $11,505/mo | -$944/mo |
| 7.10% | $9,408/mo | $11,972/mo | -$477/mo |
| 7.60% | $9,885/mo | $12,449/mo | current |
| 8.10% | $10,370/mo | $12,934/mo | +$485/mo |
| 8.60% | $10,864/mo | $13,428/mo | +$979/mo |
Principal & interest on a 30-year fixed at 20% down ($1,400,000 loan), with property tax, insurance, and HOA held constant at $2,564/mo. Current 30-year fixed 7.60% (Mortgage News Daily, as of October 22, 2026). Estimate only; not a loan offer.
Owning 601 Madison St 307 runs about $12,449/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.
| HOA dues | $871 / mo (about 7% of the estimated total payment) |
|---|---|
| HOA per year | $10,452 |
| HOA over 5 years | $52,260 (at current dues) |
| Effective carrying cost | $6.102 / sq ft / mo (estimated total over 2,040 sq ft) |
HOA dues are part of true monthly cost and typically cover items such as building insurance, exterior maintenance, and amenities; coverage varies by building. Dues can change and buildings may levy special assessments, so review the current budget, reserve study, and any planned assessments before offering. Figures use current dues; estimate only, not a loan offer.
| Metric | This condo | Nashville 37208 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $858 | $329 median | $610 median |
| Price position | 94th pctile | +161% vs median | ~98.8% of list |
| Recent closings | - | - | 19 sales |
This listing beside the active Nashville 37208 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of November 4, 2026.
Among the 298 active condos in Nashville 37208, this condo at $858/sq ft falls in the 94th percentile on price per square foot.
Computed by Grant Hammond from 298 Nashville 37208 comparables (Realtracs via IDX), as of November 4, 2026, refreshed weekly.
| Active listings | 137 in Nashville 37208 condos |
|---|---|
| Recent absorption | about 12.5 sales / mo |
| Months of inventory | 11 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37208 condos sold at about 98.8% of list price.
Recorded sales in Nashville 37208 condos: 175 in the past 12 months.
Supply-side and recent-sale context for Nashville 37208 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37208 condos closings. Source Realtracs via IDX, as of October 16, 2026.
601 Madison St 307 sits in Elliott School, Nashville, Davidson County.
In Nashville 37208, homes there are priced around $330 per square foot; inventory in Nashville 37208 condos is running at about 11 months, a buyer-favored market; recent sales closed near 98.8% of list price; 19 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 23, 2026.
Approximately 0.9 miles from downtown Nashville (straight-line distance).
601 Madison St 307 is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet 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 601 Madison St 307 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 601 Madison St 307, by price and size.
Listed with Onward Real Estate. 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.
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As of the latest update (October 8, 2026), 601 Madison St 307, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
601 Madison St 307 was listed on October 8, 2026 and has been on the market 27 days as of November 4, 2026.
No. The asking price has been $1,750,000 since it was listed on October 8, 2026.
The listing photos show a penthouse condo with an open kitchen and living area, wood floors, and tall divided-light windows that bring in natural light and frame views of trees and the Nashville skyline. Features seen in the photos include rooftop terrace, downtown skyline view, kitchen island, stone countertops, wood floors and divided-light windows. Described from the Realtracs listing photos.
601 Madison St 307, Nashville is listed at $1,750,000, about $858 per square foot across 2,040 square feet.
2 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $858 per square foot ($1,750,000 across 2,040 sqft).
601 Madison St 307, Nashville was built in 1916.
No garage is reported in the listing.
HOA dues are $871 per month, as listed.
601 Madison St 307, Nashville is in the Elliott School subdivision of Nashville.
About $12,449 a month with 20% down on a 30-year fixed at 7.60%, principal and interest $9,885, estimated property tax $1,026, insurance $667, and HOA $871. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
601 Madison St 307, Nashville is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
HOA dues are $871 per month; coverage varies by building (commonly insurance, exterior maintenance, and amenities). Confirm the fee-includes for this building.
At $858 per square foot, 601 Madison St 307, Nashville is in the 94th percentile of active listings in the Nashville 37208, about 160% above the $330 building median, on a fee-adjusted price-per-square-foot basis. Comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
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, 350+ Nashville high-rise condo sales and hundreds of millions in luxury closings. Use the tour or question form on this page.
At about $858 per square foot, 601 Madison St 307, Nashville ranks in the 94th percentile of active Nashville 37208 listings by price per square foot, roughly 160% above the Nashville 37208 median; recent comparable sales in Nashville 37208 closed near $610 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37208 condos market is currently buyer-favored (ample supply), at about 11 months of inventory; recent sales have closed near 98.8% of list price over the past year, per Realtracs as of October 16, 2026.
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