Headline Homes: Nashville’s top sales, September 2011
Headline Homes isn’t always a leading indicator, but let’s pretend for a moment it is. This month’s list of Nashville’s swankiest abodes features two new constructions and another that might as well be — they’re just two years old and their previous owners didn’t live there long.
Are builders pricing their high-end projects to get a quick cash influx so they can move on to more modest, recession-approved developments? Or are things turning around? Or is this just a blip? It’s hard to tell, really.
One of the new constructions featured here has been on and off the market for a while, while another was a Parade of Homes entrant that moved quickly. If it’s the start of a trend of the return of new home buys, it’s the still the shallow end of the wave.
Also on this month’s list: a Frist daughter, the ongoing saga of the House That Taylor Bought For Her Parents Before She Bought That Other House For Her Parents, and a tony condo purchase. As always, what follows is a list of Nashville’s 10 most expensive single-family home purchases in September.
1. 4019 Flagstone Court, Franklin 37069
Sale price: $2.6 million
Buyer: Wesley E. Campbell
Sellers: James E.K. & Phyllis Hildreth
Sellers’ agents: Laura Baugh and Sharon Reynolds, Worth Properties
Buyer’s agent: Laura Baugh
Dr. James Hildreth is one of the nation’s top AIDS researchers and spent six years at Meharry Medical College. He was named the dean of the University of California at Davis’ College of Biological Sciences this summer and took over officially there Aug. 1.
He leaves behind an 8.5-acre private estate with 13 porches, a wine cellar, theater and basketball court. Buyer Campbell last appeared in Headline Homes in October 2010, selling a faux-chateau on Vaughn Crest Drive for $2 million.
2. 116 Belle Meade Blvd., Belle Meade 37205
Sale price: $1.7 million
Buyers: David G. and Mary Catherine McClellan
Sellers: Suzanne and Glenn Buckspan
Sellers’ agent: Richard B. French, French Christianson Patterson
Buyers’ agent: Steve G. Fridrich, Fridrich & Clark Realty
Heritage Group managing director David McClellan, who is helping run a young innovation-focused investment fund backed by many of Middle Tennessee’s hospital companies, is the new owner of this Belle Meade home, built in 1929. Glenn Buckspan is a doctor, a frequent Reader’s Choice in the Nashville Scene’s Best of Nashville listing.
3. 6143 Robin Hill Road, Nashville 37205
Sale price: $1.5 million
Buyers: Paul C. Peterson and Kimberly R. Ramko
Sellers: Tara E. and Gary Cavazos
Sellers’ agent: Rhonda Brandon, Worth Properties
Buyers’ agent: Patricia Heckman, The Lipman Group Sotheby’s International
This massive, 8,300 square-foot, replica French manor was priced to sell. And why not? After being built in 2009, it spent some time on the market last year, was pulled and re-listed some $300,000 below appraisal. This time, it spent just 24 days on the market before Peterson and Ramko bought it.
4 (tie). 508 Huckleberry Road, Nashville 37205
Sale price: $1.35 million
Buyers: Geoffrey D. and Becky A. Hill
Seller: D and M Development LLC
Seller’s agent: Hal Rosson, Freeman Webb Co.
Buyers’ agent: Beth Molteni, Worth Properties LLC
The Hills are the first owners of this Hillwood Estates home, pictured above. Listed originally in June 2010 for $1.795 million, it sold Sept. 2, but wasn’t officially completed until Sept. 20.
4 (tie). 4345 Chickering Lane, Nashville 37215
Sale price: $1.35 million
Buyer: Dorothy Frist Boensch Irrevocable Trust
Seller: Theresa Payne
Seller’s agents: Neal Clayton and Grace O’Neal Clayton, BrokerSouth Real Estate Partners
Buyer’s agent: Christy Reed Blackwell, French Christianson Patterson
The trust that bought this home represents Dorothy Frist Boensch, the eldest daughter of the HCA co-founder Thomas Frist Sr. and thus sister of former Sen. Bill Frist, Thomas Frist Jr. and Bob Frist.
The seller is the wife of the late George G. Payne III, a Fridrich & Clark real estate agent. The home, built in 1966, includes four fireplaces and is lauded for its “warm, inviting and comfortable” atmosphere.
6. 301 Bowling Ave., Nashville 37205
Sale price: $1.26 million
Buyer: Beth D. Franklin
Seller: The Bowling Trust
Seller’s agent: Amy Smith, French Christianson Patterson
Buyer’s agent: Lawrence M. Lipman, The Lipman Group Sotheby’s International
Bowling Avenue’s worst-kept secret — that this was the home Taylor Swift bought for her parents June before then buying a huge estate a few months later — gets a new chapter.
Franklin is a fixture in Nashville logistics circles — she sold Star Transportation to Covenant Transportation out of Chattanooga a few years ago— and is the founder and CEO of Multi-Task Solutions LLC. She also served as treasurer of Mike McWherter’s gubernatorial campaign.
7. 3305 Running Springs Court, Franklin 37064
Sale price: $1.22 million
Buyer: Unknown
Sellers: Mark J. and Irene Perry
Sellers’ agent: Verlyn Stewart, Vision Realty Partners
Buyers’ agent: Nick S. Bradley, Showcase Properties of Tennessee
The street address is truly descriptive here. Not only is this 6,000-square-footer on Running Springs, the property includes running springs. That, in addition to the custom rosewood floors — no word on if the contractor made sure that rosewood was imported with all the proper paperwork, given Gibson Guitar’s frequent troubles with the exotic ebony varietal — kept the sales price close to the ask. Even with more than four months on the market, the home sold for only $68,000 less than its listed price.
8 (tie). 9265 Carrisbrooke Lane, Brentwood 37027
Sale price: $1.1 million
Buyer: Amy Olszewski Living Trust
Seller: Legend Homes
Seller’s and buyer’s agent: Susan Gregory and Lisa Culp Taylor, Bob Parks Realty
Here’s a home so new it doesn’t even have a tax ID number yet. Nonetheless, a dig into the deeds revealed the buyer and the seller of this custom build. Mrs. Olzewski’s husband, Rick, is an executive vice president at Louisiana-Pacific. The couple picked up this home — featured in a recent Parade of Homes in Williamson County — just before it went complete Sept. 30.
8 (tie). Unit 1406, The Terrazzo, Nashville 37203
Sale price: $1.1 million
Buyers: James F. and Barbara B. Turner
Seller: CJUF Terrazzo LLC
Seller’s agent: Michelle Maldonado, The Lipman Group Sotheby’s International
Buyers’ agent: J. Fred Turner, Keller Williams
Well, well, well. The high-end condo market isn’t quite cold yet. After months without a condo transaction, Headline Homes’ top 10 is again graced by one. Attorney Turner — he and wife Barbara are noted philanthropists — paid the going rate for this Terrazzo corner penthouse.
10. 761 Sinclair Circle, Brentwood 37027
Sale price: $1.05 million
Buyer: Michael Calabrese
Seller: SHC Trust
Seller’s agent: Molly Edmondson and Steve Fridrich, Fridrich & Clark
Buyer’s agent: Andy Beasley, Brentview Realty
Calabrese, principal at the eponymous Brentwood business-services firm, picked up this nine-year-old home — which has a five-bay garage, one bay for each bedroom — for just a shade over $1 million.

There are lots of highlights on this month’s list of the best and brightest in home sales. A Grammy-winning pop songstress moves to Forest Hills. There’s a new home for a man partly responsible for what is perhaps country music’s most persistent earworm. And a record is shattered, as a 200-year-old plantation home — with connections to war heroes and English peers — near Columbia moves to a new family for the first time since the 1830s.
The theme in this month’s look-back at the luxury home market: sticker price. Several houses in the Top 10 sold for close to what was asked for them — a most unusual development as the downturn has evolved into general malaise.
Everybody is going south for the summer.

Looking for another sign the housing market is returning to normal? It seems like Headline Homes is finally settling down.
A couple of sales this month have connections to the courtroom. Our top home — sold to a trust with unknown beneficiaries — was the property of a man who claimed he was defrauded in a Morgan Keegan subprime scheme. Another on the list was the subject of numerous lawsuits, with the sellers as plaintiffs in some and defendants in others.


