Headline Homes: August 2012

Among the buyers and sellers: A Music Row businessman, a high-ranking HealthSpring official and the manager of Big & Rich

August marked another month with a significant number of seven-digit sales in the Nashville area, with 23.

Interestingly, though, there wasn’t a single property in the Midstate moving for more than $2.3 million. Usually such a large number of big sales is buttressed by a truly spectacular price tag near the top. Not the case this month.

It’s unclear what this means exactly. Clearly, high-end homes are selling again. Even newly built homes are coming off the rolls briskly. Are prices, even in this top bracket, stabilizing after the inflation of the pre-bust bubble and its subsequent collapse? The sample size is just too small to know.

In any case, Brentwood’s Annandale subdivision has three entries this month, including two of those new builds. There’s also a rare foray into Wilson County, as Big & Rich’s manager sells his island resort outside Mt. Juliet.

As always, the top 10 single-family home sales in Nashville and surrounding counties in August, ranked by sales price:

1. 9284 Exton Lane, Brentwood, 37027
Buyers: Kristin L. and William T. Minor
Sale price: $2,296,690
Seller: Grove Park Partners LLC
Seller’s agents: Susan Gregory and Lisa Culp Taylor, Bob Parks Realty
Buyers’ agent: Christina Cunningham, RE/MAX Elite

This month’s list opens with a custom-built home in Brentwood’s tony Annandale. The three-story home has five bedrooms spread across its 10,878 square feet and the home includes a pool. While the transaction went in the books in August, the home is set for a Dec. 1 delivery.

2. 5412 Stanford Drive, Forest Hills, 37215
Buyer: Alvin G. Hagaman Jr.
Sale price: $2.1 million
Sellers: Lewis F. and Cynthia B. Wood
Sellers’ and buyer’s agent: Steve G. Fridrich, Fridrich & Clark Realty

Sitting atop a hill on more than six acres in Forest Hills, this contemporary home  features stacked stone, stained cypress, “walls of window” and a courtyard and promises great views of the city from the southwest.

Touted as “very private” — anchoring a big hill in the middle of multiple acres has that advantage — the home also includes a saltwater pool and a gas generator, just in case the power goes out.

Al Hagaman is a principal at O’Neil Hagaman, a respected Music Row business management firm. Mr. Wood, now retired, was a longtime figure in the corner offices of numerous health care companies. He and his wife built the home at the crest of the hill in the mid-1980s.

3. 3207 Boyd Mill Pike, Franklin, 37064
Buyer: Boxwood Farm LLC
Sale price: $2 million
Seller: Elizabeth Shell
Seller’s agents: Jimmy Pilkerton and Dana Griscom, Pilkerton Realtors
Buyer’s agent: Dana Hasselbring, Bob Parks Realty

This home was built in 1985 and has since been renovated. Interestingly, parts of it are much older. For example, the flooring, mantles and dining room walls are made from wood taken from a 150-year-old log home, and the craftsmanship seen in other details is the result of centuries-old techniques with tongue-and-groove walls and ceilings. The doors, cabinets and windows are all handmade.

The purchasing LLC is associated with HealthSpring Vice President and CFO Karey Witty, who appeared in the August 2009 Headline Homes with a newly constructed home in Belle Meade. The address for the LLC matches that of another $2 million home in Franklin.

4. 363 Jones Parkway, Brentwood, 37027
Buyers: Farhad and Mehmoosh Davachi
Sale price: $1.7 million
Seller: Gallardia Properties LLC
Seller’s agent: Bill E. Henson Jr., SilverPointe Properties
Buyers’ agent: Amir A. Roshan, Covenant Real Estate Services

The second home in Annandale on this month’s list, this one is an Italian-inspired estate (pictured) with fresco-style plaster walls and a clay tile roof.

The four-car garage may come in handy for the Davachis. Farhad Davachi is the principal of Auto Market Inc., which runs two West Nashville used car lots.

5. 220 Craighead Ave., Nashville, 37205
Buyers: Reed and Lesley Omary
Sale price: $1.495 million
Seller: Kimberly Fennell
Seller’s agent: John Lott, Main Street Real Estate
Buyers’ agent: Melanie Baker, Zeitlin & Co. Realtors

While it was originally built as a duplex in the 1920s, this Whitland home has gone through an extensive recent rehab.

The vaulted ceilings are supported by the original beams and accented by custom iron work. The listing promises an extra-large lot and for the neighborhood, even at less than half an acre, that’s true. But in the grand scheme of things, that’s a bit of an oversell.

In May, Reed Omary was named the chairman of Vanderbilt University’s Department of Radiology and Radiological Sciences, coming to West End from Northwestern University’s medical school.

6. 329 Harbor Drive, Old Hickory, 37138
Buyer: Stefan Theodor Wiese
Sale price: $1.46 million
Seller: Marc W. Oswald
Seller’s agent: Kelly Dever, Rasbury Realty
Buyer’s agent: Bobbi L. Bryant, Bob Parks Realty

This rambling lakeside home on Wilson County’s exclusive Harbor Island was built in 1960 and includes a wine cellar among its 14 rooms.There’s a guesthouse on site and the ubiquitous private dock.

Seller Oswald is an artist manager whose clients include Big & Rich, Gretchen Wilson and Cowboy Troy. He was once the owner of Fontanel, having purchased it with partner Dale Morris for $2.1 million. The pair later sold their interest in the property to Tower Investments.

7. 718 Lynnwood Blvd., Belle Meade, 37205
Buyers: Kevin J. and Audra J. Esval
Sale price: $1.38 million
Sellers and agents: Thomas G. and Cynthia M. Andrews, Weichert Realty/The Andrews Group
Buyers’ agents: Candie Worsham and Michael Worsham, RE/MAX Choice Properties

By Belle Meade standards, this five-year-old home might as well be brand-new. The listing touts its convenience, being as the home is located on the corner of Lynnwood and Harding. Although there is no swimming pool yet (the yard is perfectly suited for water fun), there are plenty of the other expected amenities.

The Andrewses bought the property in 2006 for just a shade under $562,000. Mr. Esval is the chairman and CEO of VelocityHealth Capital.

8. 4 Camel Back Court, Brentwood, 37027
Buyers: Joseph D. Maxwell and Susan Marie Gillpatrick
Sale price: $1.372 million
Sellers: Robert T. and Stephanie Hodskins
Sellers’ agents: Judy Williams and Richard Williams, Crye-Leike
Buyers’ agent: Beth Molteni, Worth Properties

The Governors Club gets its August entrant to this august list at No. 8. This six-bedroom home sits on the sixth green and has “three floors of luxury.” Fortunately, checking out all that luxury won’t blow out your knees as there is, of course, an elevator.

Maxwell and Gillpatrick buy this home as tenants-in-common ahead of an October wedding.

9. 1103 Sleeping Valley Court, Brentwood, 37027
Buyers: Barry K. and Michelle Vandevier
Sale price: $1.3 million
Seller: Mike Ford Custom Builders
Seller’s agent: Sherry Erickson, Southern Land Company
Buyers’ agent: Yvonne Kelly, Zeitlin & Co. Realtors

This new build in Brentwood’s Windstone has been listed as move-in ready since it hit the market nearly eight months ago, but it was officially completed only in late June. It has a “grand entry” with a stunning curved staircase, but the listing also emphasizes the fact it has a basement — which is unfinished.

The Vandeviers must have liked the idea of doing what they want with the basement, having paid more than $30,000 more than the list price.

10. 9303 Exton Lane, Brentwood, 37027
Buyers: William M. and Martha H. Thompson
Sale price: $1.215 million
Seller: Legend Homes
Seller’s agents: Susan Gregory and Lisa Culp Taylor, Bob Parks Realty
Buyers’ agent: Nancy Heap, Main Street Real Estate

Our trio from Annandale is complete with this sale. It’s another new construction in the gated community. This one features five bedrooms in its 5,754 square feet.

It also has two wet bars and the ability for future expansion.