Experience the epitome of urban living in Downtown's vibrant Theater District. This remarkable 2br/2ba 15th floor Penthouse residence in the premier Holston Building offers a bright, light-filled kitchen & open living area, expansive windows, beautiful hardwood floors, generous closet space and elegant fixtures. Enjoy sweeping views of the mountains, TN river, sunrises, sunsets and cityscape from the private balcony of this top floor residence.
HOA fee, paid by owner, includes water, sewer, gas, and development's broadband internet & television package from AT&T U-verse. No smoking; Pets under 15lbs may be considered and a $500 Pet Fee would be required. Additional fees include a $75 Application Fee per tenant, a $500 Cleaning Fee and Security Deposit equal to one month's rent. Available for immediate occupancy. Owner prefers a minimum lease term of 12 months. Public parking is available at metered spaces along street, and also in numerous garages nearby. Parking on nights and weekends is generally free in city-owned garages, and Downtown residents are currently offered a reduced parking rate in city-owned garages (approx. $50/month); subject to availability.
Sold for $1,275,000
$1,275,000
531 S Gay St APT 1501, Knoxville, TN 37902
2beds
1,988sqft
Apartment
Built in ----
-- sqft lot
$1,283,300 Zestimate®
$641/sqft
$3,152 Estimated rent
Home value
$1,283,300
$1.22M - $1.36M
$3,152/mo
Zestimate® history
Owner options
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$3,152/mo
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$3,152/mo
Rent Zestimate®
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$5,805/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood, Tile
Interior area
- Total interior livable area: 1,988 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: Gas included in rent, Internet included in rent, Sewage included in rent, Water included in rent
Details
- Parcel number: 094LE01902U
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Utilities & green energy
- Utilities for property: Gas, Internet, Sewage, Water
Community & HOA
Community
- Deposit fee: $4,400
- Pet deposit fee: $500
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $641/sqft
- Tax assessed value: $823,500
- Annual tax amount: $3,199
- Date on market: 2/19/2025
- Lease term: 1 Year
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Sold | $1,275,000-8.9%$641/sqft |
Source: Public Record Report a problem | ||
| 10/3/2025 | Listing removed | $1,398,800$704/sqft |
Source: | ||
| 9/5/2025 | Price change | $1,398,800-6.7%$704/sqft |
Source: | ||
| 8/5/2025 | Price change | $1,498,800-5.7%$754/sqft |
Source: | ||
| 6/18/2025 | Listed for sale | $1,590,000+98.8%$800/sqft |
Source: | ||
| 5/12/2025 | Listing removed | $4,400$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/2/2025 | Price change | $4,400-2.2%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/19/2025 | Listed for rent | $4,500+28.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/8/2020 | Listing removed | $3,500$2/sqft |
Source: TurboTenant Report a problem | ||
| 1/27/2020 | Listed for rent | $3,500$2/sqft |
Source: TurboTenant Report a problem | ||
| 9/25/2018 | Sold | $800,000-5.8%$402/sqft |
Source: | ||
| 8/24/2018 | Listed for sale | $849,000+14.7%$427/sqft |
Source: MLSTOSELL.COM INC #W7804314 Report a problem | ||
| 9/25/2017 | Sold | $740,000$372/sqft |
Source: | ||
| 9/19/2017 | Listed for sale | $740,000$372/sqft |
Source: Lake Homes Realty #1015697 Report a problem | ||
| 9/6/2017 | Pending sale | $740,000$372/sqft |
Source: Lake Homes Realty #1015697 Report a problem | ||
| 9/6/2017 | Listed for sale | $740,000+23.3%$372/sqft |
Source: Lake Homes Realty #1015697 Report a problem | ||
| 9/10/2008 | Sold | $600,000$302/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,199 | $205,875 |
| 2024 | $3,199 | $205,875 |
| 2023 | $3,199 | $205,875 |
| 2022 | $3,199 -5.5% | $205,875 +29% |
| 2021 | $3,385 | $159,650 -75% |
| 2020 | $3,385 | $638,600 |
| 2019 | $3,385 | $638,600 |
| 2018 | $3,385 -23.8% | $638,600 +300% |
| 2017 | $4,444 -32% | $159,650 |
| 2016 | $6,540 | -- |
| 2015 | $6,540 | -- |
| 2014 | $6,540 +14% | -- |
| 2013 | $5,735 -20.6% | -- |
| 2012 | $7,223 | -- |
| 2011 | $7,223 | $149,850 |
| 2010 | $7,223 | $149,850 |
| 2009 | $7,223 -9.5% | $149,850 +3.2% |
| 2008 | $7,983 +387.7% | $145,150 +138.5% |
| 2007 | $1,637 | $60,850 |
Find assessor info on the county website
Neighborhood: Downtown Knoxville
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Nearby schools
GreatSchools rating
- 10/10Sequoyah Elementary SchoolGrades: K-5Distance: 3.4 mi
- 2/10Vine Middle/MagnetGrades: 6-8Distance: 1 mi
- 4/10Austin East High/MagnetGrades: 9-12Distance: 2.5 mi
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Estimated market value
$1,283,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,283,300