1196 Lula Ln, Franklin TN 37064
One of the most coveted hilltops in Franklin, TN. The ultimate shovel-ready tract in the highly sought-after Southall corridor. This pristine 23.01-acre estate canvas is fully engineered and build-ready for an elite dual-home compound, private retreat, or a singular primary estate. Perched along a dramatic, high-elevation ridgeline, the property features two distinct, pre-approved building sites, each perked for 6 bedrooms/12 bedrooms total, and optimized for spectacular luxury residential footprints. These hilltop sites offer breathtaking, panoramic valley and ridge views with unmatched perso
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Franklin
This property is grouped with the current listings without a reported bedroom count in Franklin. Its asking price falls near the 68th percentile of that active group. The comparison uses 192 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 75 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 2 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $5,412,500, and the median is $810 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1522 Lurah Ln | Jul 30, 2026 | 5 bd · 10,813 sqft | $9,875,000 | 0.9 mi |
| 1519 Coleman Rd | Aug 27, 2026 | 2 bd · 1,344 sqft | $950,000 | 1.1 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $2,799,500 · Active
Location reference points
How this address sits within the Franklin area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- Downtown Tullahoma53.4 miles straight-line · roughly 95 driving minutes
- I-24 at Manchester53.6 miles straight-line · roughly 96 driving minutes
- Downtown Manchester53.8 miles straight-line · roughly 96 driving minutes
- Arnold Air Force Base57.4 miles straight-line · roughly 102 driving minutes
- Tims Ford Lake59.2 miles straight-line · roughly 106 driving minutes
Continue comparing
Similar active homes in Franklin
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Franklin homes for sale · See the Franklin market report