by TJ AndersonThis prediction from Dwell magazine, from late last year, just made its way into my Facebook feed: “Step Aside, Subway Tile — Penny Tile Is the New Classic.” Penny tile,
Nashville Is Now A Luxury Home Market To Watch
by TJ Anderson
Each year, the Coldwell Banker Global Luxury program prepares “The Report,” a “comprehensive guide to high-end property buying and selling.” They dig deep into luxury home-sale trends, demographics of the people buying and selling and lots more data, and juggle and analyze the numbers to paint a picture of where the luxury market is on the rise, and on the wane.
This probably doesn’t surprise you, but: The luxury housing market in Nashville is on a major upswing.
Denver, Colorado, led the list of “Luxury seller markets to watch” in 2018’s “Report,” but there at No. 2: our own Nashville, Tennessee.
An explanatory snippet from those pages:
“Today, Nashville is enjoying one of the fastest-growth patterns in the U.S. Many of the ultra wealthy are West Coast buyers taking advantage of the standard of living, investing the equity from their current home and a state with no income tax. Some are simply coming home, tired of their fast-paced lives, and desire a ‘big city’ with a small town feel. They can now enjoy this city’s explosion of amenities from excellent culinary delights and the arts to exceptional health care and the best live music scene in the world.”
True stuff, all-around.
The report also notes luxury buying preference that won’t surprise Nashville-area homeowners or home sellers: Buyers who want their luxury homes to have ample space head to Williamson County; those drawn to urban living are shooting for tall properties with rooftop views close to downtown.
An interesting aside: Even with our rapid rise, Nashville’s luxury home market is still on the affordable side, if you consider the country-wide picture. The Report notes that the most affordable market for luxury single-family homes was Raleigh-Durham in North Carolina, with a median per-square-foot price of $171. It might seem like we’re a significant leap above, hovering more toward $280. But we’re not even in the same solar system as genuinely high-priced luxury markets like Los Angeles, with a median that soars well over $2000 a square foot.
If you’d like to dig in to the luxury home market data and analysis, download the Coldwell Banker Global Luxury program Report here.
If you’d like to see some luxury homes for sale in the Nashville area that fit the Report’s picture of preferences, read on.
927 South St
Nashville, TN 37203
Here’s that much-desired roof deck, replete with beautiful fireplace and a spectacular Gulch View view. The views inside are worth a nod too, with designer finishes (extra points for the custom tile work and killer flex space right off the outdoor entertaining space).
3000 Poston Ave Apt 404
Nashville, TN 37203
Luxury Nashville home buyers who want to settle down in Midtown might want to check out the Poston at the Park, just off Centennial Park and close to Vanderbilt. The finishes there are distinctly high end, as are the amenities, including a conference room and flex office spaces, a rooftop terrace with panoramic views of the city, a saltwater pool, fitness center and more. Another aspect that’ll be of particular appeal to certain buyers: It’s not a huge community, with just 27 units, so your “neighborhood” is a little more personal.
1212 Laurel St Apt 1204
Nashville, TN 37203
Amenities you enjoy at luxury condo building Twelve Twelve in the Gulch: 24-hour concierge, fitness space, dog park, designated parking and being steps from brunch at Biscuit Love and Sunday grocery shopping at the Turnip Truck. The sprawling city views from this 2-bed, 2-bath unit aren’t so bad either.
7301 Harlow Dr
College Grove, TN 37046
If you love golf and are eager to find a space a bit outside the city, I can’t recommend Hideaway at Arrington enough — their world-class golf course is a major draw, but the luxury homes in this community are spectacular, too. Check out the elegant but warm great room in this spacious 4-bed, 4 1/2-bath home; it’s luxurious without feeling precious. And for the money (well under the luxury median per square foot), you’re really living large here.
308 Walnut Dr
Nashville, TN 37205
For those West Coast-expat buyers looking to find their piece of Mediterranean warmth here in Tennessee: This 5052-square-foot home in tony Belle Meade might benefit from a few interior upgrades, but the exterior — and especially the covered patio — screams dream Tuscan villa.
Are you looking for a luxury home in Nashville or Williamson County? I’d be honored to help track down the property that suits your vision. Just call or email TJ Anderson Homes, and tell me about your must-haves.
Properties are listed with their own respective real estate firms, and not under agreement with TJ Anderson and/or Benchmark Realty, LLC, except where noted.
TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....
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