




244 Liberty Ln, Madison, TN, 37115
About This Home
The Liberty Lane Collective at 244 and 252 Liberty Lane presents a rare opportunity to acquire a fully entitled 3.18-acre residential development in the heart of one of Middle Tennessee's fastest-growing corridors. Approved for 51 residential units, this shovel-ready Specific Plan (SP) development is strategically positioned just minutes from the transformative $450 million Rivergate Mall Master Planned Community and surrounded by multiple large-scale redevelopment projects that are reshaping Madison's future.The approved plan includes 37 townhomes and 7 attached duplex buildings (51 total units), offering the flexibility to pursue build-to-rent, for-sale, or short-term rental investment strategies. Designed with today's residents in mind, the community features a dedicated clubhouse complete with co-working spaces, fitness center, and gathering areas to create a true neighborhood atmosphere. Infrastructure advantages include public utilities already serving the property, 109 approved on-site parking spaces, and the preservation of a historic dry-stack stone wall that adds unique character to the development. Located less than 15 miles from Downtown Nashville, this site offers convenient access to major employment centers while benefiting from the tremendous public and private investment transforming the Rivergate and Madison area. With entitlements already in place, The Collective allows developers to bypass the lengthy zoning process and move directly toward construction in one of the region's most promising growth corridors. Opportunities to acquire a development-ready project of this scale in such a high-growth location are becoming increasingly scarce.
Getting Around
Schools
Construction
Condition
- Year built: 2026
Materials
- Construction materials: Other
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Features
- Flooring: Other
- Finished area above ground: 0
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 02600003500
- Attached to another structure: Yes
- Zoning: SP
- Special condition: Standard
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tornado
- Cold Wave
- Earthquake
- Heat Wave
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,882 | $142,584 |
| Home Insurance | $1,111 | $13,332 |
| Property Taxes | $1,116 | $13,392 |
| Electricity | $175 | $2,103 |
| Total | $14,284 | $171,408 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $2,350,000 |
| 2024-01-24 | Sold | $490,000 |
| 2015-07-01 | Sold | $199,900 |
| 2013-12-11 | Listed for sale | $925,214 |
| 2013-10-18 | Listing removed | $925,214 |
| 2013-09-15 | Listed for sale | $925,214 |
| 2009-08-24 | Listing removed | $365,000 |
| 2009-08-02 | Listed for sale | $365,000 |
