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For sale
  • Price cut: $41K (5/30)
    $899,000

    403 S Gay St #206, Knoxville, TN 37902

    2beds
    1,759sqft
    : 
    $5,887/mo
    Get pre-qualified
    Condominium
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $511/sqft
    $227/mo HOA

    What's special

    Downtown living in the historic Lerner Loft Building. This striking 2-bedroom, 2.5-bath loft-style condominium offers approximately 1,759 square feet of thoughtfully designed living space across multiple levels, blending timeless historic character with contemporary finishes. Exposed brick walls, architectural beams, cathedral ceilings, hardwood and tile flooring create a dramatic yet inviting atmosphere throughout the open-concept main living area. The well-appointed eat in kitchen features stainless steel appliances, granite countertops, pantry storage, and seamless flow into the living space--ideal for entertaining. A guest bath with attached dedicated laundry/utility room with washer and dryer, along with extra storage, is conveniently located on the main floor. The second-level bedroom, complete with a full bathroom and large closet, provides flexibility for guests or a home office, while the private third-level primary suite includes a large walk-in closet room and walk-in shower with double vanities. Enjoy city and mountain views from the private 230sf rooftop included in the total square footage--perfect for entertaining or unwinding while overlooking vibrant downtown Knoxville. This condo offers a quiet retreat while placing you steps from Market Square, Gay Street, dining, shopping, and entertainment....located directly across from Mast General Store and countless downtown favorites. Architecturally restricted and professionally managed, the mandatory HOA includes exterior maintenance, building insurance, and select amenities. Public, off-street, and nearby garage parking options are available with convenient permit rates and typically free evenings and weekends. A private storage cage is located in the lower level of the building and accessed through the Mail Room door entrance. A rare opportunity to own a distinctive downtown loft that truly captures the energy and lifestyle of Knoxville.
    180 days
    |
    302
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Melinda Grimac,

    Alliance Sotheby's International 865-357-3232

    Source: East Tennessee Realtors,MLS#: 1328926MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Central, Heat Pump, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
      Features
      • Walk-In Closet(s), Cathedral Ceiling(s), Pantry, Eat-in Kitchen
      • Flooring: Hardwood, Tile
      • Windows: Insulated Windows
      • Basement: Other
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,759
      • Total interior livable area: 1,759 sqft

      Property

      Parking
      • Parking features: On Street, Off Street, Other
      • Has uncovered spaces: Yes
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Mountain(s), City
      Lot
      • Size: 2,178 Square Feet
      • Features: Other, Zero Lot Line, Corner Lot
      Details
      • Parcel number: 094LE00200F

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Historic
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Sidewalks
      • Security: Smoke Detector(s)
      • Subdivision: Lerner Lofts Condos Unit 6
      HOA
      • Has HOA: Yes
      • Amenities included: Security
      • Services included: Maintenance Structure, Insurance, Trash, Security
      • HOA fee: $227 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $511/sqft
      • Tax assessed value: $472,200
      • Annual tax amount: $1,834
      • Date on market: 2/12/2026
      • Listing terms: Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/30/2026Price change$899,000-4.4%$511/sqft
        Source: East Tennessee Realtors #1328926 Report a problem
        3/14/2026Price change$940,000-3.6%$534/sqft
        Source: East Tennessee Realtors #1328926 Report a problem
        2/12/2026Listed for sale$975,000+87.5%$554/sqft
        Source: East Tennessee Realtors #1328926 Report a problem
        7/23/2021Sold$520,000-3.7%$296/sqft
        Source: East Tennessee Realtors #1147261 Report a problem
        6/3/2021Pending sale$539,900$307/sqft
        Source: East Tennessee Realtors #1147261 Report a problem
        5/17/2021Price change$539,900-1.8%$307/sqft
        Source: East Tennessee Realtors #1147261 Report a problem
        3/27/2021Listed for sale$549,900+19.8%$313/sqft
        Source: East Tennessee Realtors #1147261 Report a problem
        1/28/2020Sold$459,000-2.3%$261/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2934598 Report a problem
        12/6/2019Pending sale$469,900$267/sqft
        Source: Coldwell Banker Wallace & Wallace, Realtors #1094086 Report a problem
        10/4/2019Price change$469,900-1.1%$267/sqft
        Source: Coldwell Banker Wallace & Wallace, Realtors #1094086 Report a problem
        9/10/2019Price change$474,900-0.9%$270/sqft
        Source: Coldwell Banker Wallace & Wallace, Realtors #1094086 Report a problem
        7/9/2019Listed for sale$479,000+60.5%$272/sqft
        Source: Owner Report a problem
        7/20/2011Listing removed$298,500$170/sqft
        Source: Downtown Realty Inc. #749230 Report a problem
        3/4/2011Listed for sale$298,500-0.5%$170/sqft
        Source: Downtown Realty Inc. #749230 Report a problem
        1/2/2011Listing removed$299,900$170/sqft
        Source: Downtown Realty Inc. #685172 Report a problem
        6/18/2010Listed for sale$299,900+5.2%$170/sqft
        Source: Downtown Realty #685172 Report a problem
        8/30/2007Sold$285,000$162/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,834 $118,050
        2024$1,834 $118,050
        2023$1,834 $118,050
        2022$1,834 -2.6%$118,050 +33%
        2021$1,882 $88,775 -75%
        2020$1,882 $355,100
        2019$1,882 $355,100
        2018$1,882 -56.8%--
        2017$4,353 +16.8%$88,775
        2016$3,726 --
        2015$3,726 --
        2014$3,726 +14%--
        2013$3,268 -7.2%--
        2012$3,523 --
        2011$3,523 $73,100
        2010$3,523 $73,100
        2009$3,523 -2.3%$73,100 +11.5%
        2008$3,607 +0%$65,575
        2007$3,607 $65,575
        2006$3,607 $65,575
        2005$3,607 $65,575
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown Knoxville

        Getting around

        92 / 100
        Walker's Paradise
        61 / 100
        Good Transit

        Nearby schools

        GreatSchools rating

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