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Sold for $1,325,000
  • $1,325,000

    531 S Gay St APT 703, Knoxville, TN 37902

    3beds
    2,175sqft
    Condominium
    Built in 2008
    -- sqft lot
    $1,331,200 Zestimate®
    $609/sqft
    $3,663 Estimated rent

    Home value

    $1,331,200

    $1.26M - $1.40M

    $3,663/mo

    Zestimate® history
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    What's special

    Experience refined urban living in the heart of Knoxville's vibrant Theater District at The Holston Building. This exceptional 7th-floor residence showcases sweeping skyline views of the University of Tennessee campus to the west, the Great Smoky Mountains to the east, Krutch Park, and iconic Gay Street. Thoughtfully designed, the home has been transformed into a sophisticated retreat with bright, light-filled living spaces flowing seamlessly into the open kitchen and main living area. Three bedrooms, two full baths, and generous closets plus a private storage unit--add both function and convenience. Residents enjoy premium amenities including concierge service and a stylish community room overlooking lively Gay Street. On the building's lower levels, enjoy Vida or gather at The Vault at Vida, both uniquely set within the former bank vault of the historic Holston Bank. Step outside to experience the best of downtown living--local markets, acclaimed restaurants, cafés, entertainment venues, fitness studios, and galleries. Nearby destinations include Covenant Health Park, Emory Place, World's Fair Park, PetSafe Village Dog Park, the South Waterfront, and Downtown North--placing the very best of Knoxville at your doorstep. The monthly HOA fee includes water/sewer and broadband internet (AT&T U-verse). Short-term rentals, including AirBnB, are not permitted. A $395 transfer fee is payable by the buyer at closing. Public parking is available along Gay Street and Clinch Avenue, as well as in nearby garages, including the State Street Garage one block away. Monthly residential passes are available through PBA. Square footage is approximate per developer specs and includes the private 14' x 4'6'' balcony. Private/deeded storage Room #16 is not included in square footage. Professional photos to be posted soon. Buyer to verify size, taxes, and HOA fees, which are subject to change.

    Zillow last checked:

    Listing updated:

    Listed by:

    Melinda Grimac,

    Alliance Sotheby's International

    Bought with:

    Angie Riedl, 284576

    Alliance Sotheby's International

    Source: East Tennessee Realtors,MLS#: 1331689MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Forced Air, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Walk-In Closet(s), Kitchen Island, Eat-in Kitchen
    • Flooring: Hardwood, Tile
    • Windows: Insulated Windows
    • Basement: Other
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,175
    • Total interior livable area: 2,175 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Exterior features: Balcony
    • Has view: Yes
    • View description: Other, Mountain(s), City
    Lot
    • Size: 2,178 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 094LE01900W

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Stone, Brick
    Condition
    • Year built: 2008

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: The Holston Condos Unit 703
    HOA
    • Has HOA: Yes
    • Amenities included: Security
    • Services included: Pest Control, Maintenance Structure, Insurance, Sewer, Security, Some Amenities, Maintenance Grounds, Water
    • HOA fee: $750 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $609/sqft
    • Tax assessed value: $700,400
    • Annual tax amount: $2,721
    • Date on market: 3/11/2026
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/28/2026Sold$1,325,000$609/sqft
    Source: East Tennessee Realtors #1331689 Report a problem
    3/12/2026Pending sale$1,325,000$609/sqft
    Source: East Tennessee Realtors #1331689 Report a problem
    3/11/2026Listed for sale$1,325,000+87.9%$609/sqft
    Source: East Tennessee Realtors #1331689 Report a problem
    3/25/2020Sold$705,000+47.5%$324/sqft
    Source: Public Record Report a problem
    12/23/2008Sold$478,000$220/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,721 $175,100
    2024$2,721 $175,100
    2023$2,721 $175,100
    2022$2,721 -2.6%$175,100 +32.8%
    2021$2,795 $131,825 -75%
    2020$2,795 $527,300
    2019$2,795 $527,300
    2018$2,795 -56.8%--
    2017$6,465 -4.4%$131,825
    2016$6,762 --
    2015$6,762 --
    2014$6,762 +14%--
    2013$5,930 +104.6%--
    2012$2,899 --
    2011$2,899 $122,825
    2010$2,899 $122,825
    2009$2,899 -10.1%$122,825 +2.5%
    2008$3,223 +319.6%$119,800 +319.6%
    2007$768 $28,550
    Find assessor info on the county website

    Neighborhood: Downtown Knoxville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,331,200
    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
    $1,331,200