jessica broaddus
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jessica broaddus
Real estate

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  • Home
  • About
  • Blog
  • Contact
  • Buyers
    • Buyer Resources
    • Mortgage Calculator
    • Search Active Listings
    • Nashville Neighborhoods
  • Sellers
    • Seller Resources
    • Free Home Valuation

505 REAL ESTATE UPDATE QUARTER 1 2025

WHATS HAPPENING AT 505

This quarter at 505, we saw one of the most significant transactions in Nashville real estate history. Read on to learn more about recent transactions and market updates for your building. Knowing what is going on with other units in your community gives valuable insight into your condos worth. 


Quarter 1 Recap: 

  • Units Closed: 5
  • Under Contract: 1
  • Active Listings: 15


As always, feel free to reach out with any questions. I would love to help with your real estate needs! 

RECENT CLOSINGS

*All info current as of 3/31/2025*

unit 4502 - $9,625,000

  • 2 Beds, 2 1/2 Baths, 4,374 SQ FT 
  • Closed 2/28/2025
  • $2,201 per square foot 
  • Last List: $10,000,000
  • This property was on and off the market since early 2021 

Nashville developer Tony Giarratana has sold his 505 penthouse to local entrepreneur and philanthropist David Ingram for $9,625,000 in a transaction that ranks among the most significant of its type in recent years. 


The sale of the 45th-floor unit is the equivalent of $2,200 per square foot, a figure that, though impressive, fall shorts of per-foot record set in July 2024 when Raising Cane’s Chicken Fingers founder Todd Graves paid $15 million — $3,759 per foot — for one of the Four Seasons Private Residences penthouses (read here).


Giarratana’s development company developed the site with 505. The company continues to pre-sell residential units for its future Paramount skyscraper, work on which is slated to soon begin in the 1000 block of Church Street. The just-sold penthouse will continue to be used as a showroom of sorts to market Paramount units.

unit 3306 - $1,375,000

  • 2 Beds, 2 Baths, 1,053 SQ FT 
  • Closed 1/31/2025 for $1,375,000
  • $1,306 per square foot 
  • Last List: $1,425,000
  • Days on Market: 59

unit 3608 - $1,050,000

  • 2 Beds, 2 Baths, 1,187 SQ FT 
  • Closed 1/10/2025 for $1,050,000
  • $885 per square foot 
  • Last List: $1,142,000
  • Days on Market: 145

unit 3308 - $1,025,000

  • 2 Beds, 2 Baths, 1,187 SQ FT 
  • Closed 3/3/2025 for $1,025,000
  • $864 per square foot 
  • Last List: $1,025,000
  • Days on Market: 10

unit 3910 - $805,000

  • 1 Bed, 1 Bath, 842 SQ FT 
  • Closed 1/16/2025 for $805,000
  • $956 per square foot 
  • Last List: $840,000
  • Days on Market: 100

UNDER CONTRACT

unit 3102 - $455,000

  • 1 Bed, 1 Bath, 552 SQ FT 
  • $824 per square foot 
  • Days on Market: 151

ACTIVE LISTINGS

UNIT 3309 - $599,900

  • 1 Bed, 1 Bath, 861 SQ FT 
  • $697 per square foot 
  • Days on Market: 28
  • VIEW LISTING

UNIT 3503 - $449,000

  • 1 Bed, 1 Bath, 702 SQ FT 
  • $640 per square foot 
  • Days on Market: 45
  • VIEW LISTING

UNIT 3602 - $499,000

  • 1 Bed, 1 Bath, 665 SQ FT 
  • $750 per square foot 
  • Days on Market: 93
  • VIEW LISTING

UNIT 3712 - $429,000

  • 1 Bed, 1 Bath, 513 SQ FT 
  • $838 per square foot 
  • Days on Market: 18
  • VIEW LISTING

UNIT 4005 - $699,000

  • 1 Bed, 1 Bath, 814 SQ FT 
  • $859 per square foot 
  • Days on Market: 88
  • VIEW LISTING

UNIT 4102 - $545,000

  • 1 Bed, 1 Bath, 700 SQ FT 
  • $779 per square foot 
  • Days on Market: 30
  • VIEW LISTING

UNIT 4310 - $870,000

  • 1 Bed, 1 Bath, 842 SQ FT 
  • $1,033 per square foot 
  • Days on Market: 13
  • VIEW LISTING

UNIT 4410 - $879,500

  • 1 Bed, 1 Bath, 842 SQ FT 
  • $1,045 per square foot 
  • Days on Market: 82
  • VIEW LISTING

UNIT 3408 - $1,140,000

  • 2 Bed, 2 Bath, 1,187 SQ FT 
  • $960 per square foot 
  • Days on Market: 16
  • VIEW LISTING

UNIT 3208 - $1,150,000

  • 2 Bed, 2 Bath, 1,187 SQ FT 
  • $969 per square foot 
  • Days on Market: 43
  • VIEW LISTING

UNIT 3801 - $1,150,000

  • 2 Bed, 2 Bath, 1,190 SQ FT 
  • $966 per square foot 
  • Days on Market: 46
  • VIEW LISTING

UNIT 4301 - $1,169,000

  • 2 Bed, 2 Bath, 1,190 SQ FT 
  • $982 per square foot 
  • Days on Market: 24
  • VIEW LISTING

UNIT 3606 - $1,375,000

  • 2 Bed, 2 Bath, 1053 SQ FT 
  • $1,306 per square foot 
  • Days on Market: 145
  • VIEW LISTING

UNIT 4204 - $1,900,000

  • 2 Bed, 2 Bath, 1,321 SQ FT 
  • $1,541 per square foot 
  • Days on Market: 510
  • VIEW LISTING

UNIT 3312 - $2,899,000

  • 2 Bed, 2 1/2 Bath, 2,524 SQ FT 
  • $1,149 per square foot 
  • Days on Market: 40
  • VIEW LISTING

DAVIDSON COUNTY MARKET UPDATE

Median Sales Price 

$465K



Average List to Sales Price

95%



Average Days on Market 

40



Properties for Sale 

3,883

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Jessica Broaddus | M: 615.804.3962 | O: 615.383.6964 

2206 21st Ave S, Nashville, TN 37212

TN License#: 377185

Copyright © 2024 Jessica Broaddus Real Estate - All Rights Reserved.

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