$685,500
PENDING NEW CONSTRUCTION

327 W Summit Hill Dr SW Unit 704 Knoxville, TN 37902

Downtown Knoxville Neighborhood

Estimated payment $4,247/month

1 Bed
1 Bath
936 Sq Ft
$732 Price per Sq Ft

Highlights

  • City View
  • 0.61 Acre Lot
  • Home Office
  • Sequoyah Elementary School Rated A-
  • Corner Lot
  • 1-minute walk to Cradle of Country Music Park

About This Home

PRESALE OPPORTUNITY! The first new construction in the heart of downtown in 40 years on the 200 Block of Gay Street! Beautiful 1 bed/ 1 bath TOP FLOOR unit with full balcony PLUS an office! **NO Short term rentals allowed in this unit** Short term rentals are only permitted on floors 2 & 3 of the West building and the top floor of the East building. New Construction so property taxes to be estimated by Buyer. No showings at this time as it is a current construction site. Summit Hill Drive Building is estimated to be completed in November 2025, 255 S. Gay Street building is estimated to be completed in February 2026. Please check document section as this contains HOA information, additional disclosures, finish schedule and general information about the project.

Listing Agent

Mary Katherine Wormsley

Hatcher-Hill Brokerage, LLC License #322977 Listed on: 11/03/2025

Co-Listing Agent

Megan Hatcher

Hatcher-Hill Brokerage, LLC License #339235

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 0.61 Acre Lot
  • Corner Lot

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 936 Sq Ft Home
  • Elevator
  • Wired For Data
  • Living Room
  • Home Office
  • Vinyl Flooring
  • City Views
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Walk-in Shower

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Internet Available

Community Details

  • Lone Tree Pass Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 094LD005

Home Details

Home Type

Single Family

Year Built

Built in 2025 | Under Construction

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Directions: This property is located on the corner of Summit Hill and S Gay Street.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 2025
  • Lot Size Acres: 0.61
  • Co List Office Phone: 865-249-8132
  • Subdivision Name: Lone Tree Pass
  • Architectural Style: Other
  • New Construction: No
  • Contract Info:List PriceSqFt2: 732.37
  • General Property Description:SqFt - Main Lvl: 936.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: No
  • General Property Description:New Construction: Under Construction
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Basement YN: No
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Flooring: Vinyl
  • Interior Amenities: Pantry, Elevator

Exterior Features

  • Exterior Features: Balcony
  • View: City
  • Lot Features: Corner Lot
  • Construction Type: Frame, Other
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Other

Utilities

  • Cooling: Central Air
  • Sewer: Public Sewer
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 260.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Parcel #: 094LD005

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,572 $294,200 $0 $0
2024 $11,855 $294,200 $0 $0
2023 $11,855 $294,200 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Pending -- -- --
11/03/2025 11/03/25 For Sale $685,500 -- $732 / Sq Ft
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1320652

East Tennessee REALTORS® MLS

APN: 094LD-005