Updated Dec 4, 2024
Dr. Thomas Frist Jr Sells Belle Meade Estate For Record-breaking $32M
1304 Chickering Road
$32,000,000
$1,615/SF
Building Size
19,811 SF
Asset Type
Single Family
Closing
Jan 5, 2024
About this deal
AI
Physician and HCA Healthcare co-founder Dr. Thomas Frist Jr.'s Belle Meade estate in Nashville has been sold for a record-breaking price of $32 million, setting a new real estate record in Tennessee. The sprawling estate, initially listed for $50 million, is situated at 1304 Chickering Road and spans across 49.72 acres. The single-family property offers a total of 19,811 square feet of living space.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $32,000,000
- Address: 1304 Chickering Road, Nashville, TN
- Market: Nashville, TN
- Acres: 49.72
The sale of Dr. Thomas Frist Jr.'s estate was facilitated by brokers Christy Reed and Steve Fridrich from Fridrich & Clark Realty. As representatives of the seller, they successfully closed the deal at a price of $32 million, achieving a significant accomplishment in the Tennessee real estate market.
NOTE: Physician and HCA Healthcare co-founder Dr. Thomas Frist Jr.'s sprawling Belle Meade estate in Nashville, initially listed for $50 million, has set a new Tennessee real estate record with a sale price of $32 million.
Players
Nashville Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $1.6K per square foot on a published $32M for 19,811 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93