Rhonda Estate

Overview

West Meade is one of Nashville’s most sought-after luxury neighborhoods, and it is changing fast. Older homes are coming down and new estates are rising in their place. A nearby lot bought for $850,000 in 2024 sold as a finished home for $4,714,804 in 2026. The Project We are acquiring a 0.92-acre lot for $860,000 and replacing the aging house with a 6,500 sqft custom estate with 6 bedrooms and 7 baths. Main level: primary suite with spa bath and sauna, plus a chef’s kitchen with scullery, coffee bar, and wet bar Guest and family space: private nanny suite Lifestyle: dedicated gym with its own sauna, media room, hidden speakeasy, and 4-car garage Outdoors: resort-style pool and spa with a cabana The Numbers The math is as polished as the house. Total project cost, including holding, is $3.2M against a target sale price of $4.25M ($654/sqft). Four recent West Meade (37205) sales averaged $4.32M ($684/sqft), so our underwriting sits below that average. Two of those four homes were pre-sold before they could be listed, and the other two averaged 20 days on market. We plan for about 18 months in total: 10 to 12 months of construction and 6 months to sell. The Team Ark Development Group brings deep Nashville market knowledge and hands-on experience with local municipalities through entitlements, permitting, and approvals. Our building partner, Liebo Builders, has spent more than 20 years crafting custom estates for celebrity and high-net-worth clients in prime Los Angeles, from Beverly Hills to Malibu. Their portfolio includes more than 1.5 million sqft of completed residential and commercial work. Proven in West Meade This is not our first project in the neighborhood. Minutes away, Ark and Liebo are developing three other estate-tier residences of 7,000 to 7,500 sqft, where recent appraisals have already reached $5,000,000. Together, we are bringing a new standard of luxury to Nashville’s most prestigious neighborhoods.

Property details

Purchase price

$860,000

Rehab costs

$2,100,000

After repair value

$4,250,000

Borrower cash in deal

$50,000

Square footage

6,500 sq ft

Year built

2027

Lot size

0.92