For sale

Price cut: $250K (3/27)

$2,250,000

1397 Central Ave, Memphis, TN 38104

6beds

11,144sqft

Est.:

Single Family Residence

Built in 1897

0.79 Acres Lot

$2,080,400 Zestimate^®

$202/sqft

$-- HOA

What's special

Fresh full renovationPeriod millworkSweeping bay windowsStorybook stone architectureGrand rooms

Live, celebrate, and make history at Ashlar Hall a true Memphis’ Castle. Set in Central Gardens, this National Register landmark (1896) blends storybook stone architecture with a fresh, full renovation for modern events or refined private living. Behind the crenellated façade, grand rooms, period millwork, and sweeping bay windows create unforgettable backdrops for weddings, galas, and brand experiences.11,114± SF on 0.79 acre with 40 on-site spaces provides rare Midtown capacity and convenience. Recent filings reference life-safety upgrades for event use; buyer to verify approvals/conditions. A once-in-a-generation opportunity to own Memphis’ most photogenic address, an instantly marketable venue or an incomparable city estate. Shown by appointment only.

149 days

11,175

237

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Rooms

Room types: Bonus Room, Entry Hall, Office/Sewing Room, Sun Room

Dining room

Features: Separate Dining Room

Kitchen

Features: Updated/Renovated Kitchen

Living room

Features: Great Room, Separate Den, Separate Living Room

Heating

Central

Cooling

Central Air

Features

1 or More BR Down, Full Bath Down, High Ceilings, Vaulted/Coff/Tray Ceiling, Wet Bar, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Hardwood, Tile, Carpet
Basement: Finished,Unfinished
Has fireplace: Yes
Fireplace features: Masonry

Interior area

Total interior livable area: 11,144 sqft

Property

Parking

Parking features: Driveway/Pad, Gated, Parking Lot
Has uncovered spaces: Yes

Features

Stories: 3
Patio & porch: Patio
Pool features: None
Fencing: Wood Fence,Iron Fence

Lot

Size: 0.79 Acres
Dimensions: 34,736
Features: Level

Details

Parcel number: 015008 00002

Construction

Type & style

Home type: SingleFamily
Architectural style: Other (See Remarks)
Property subtype: Single Family Residence

Materials

Stone

Condition

New construction: No
Year built: 1897

Community & HOA

Community

Security: Fire Sprinkler System
Subdivision: University Tower

Location

Region: Memphis

Financial & listing details

Price per square foot: $202/sqft
Annual tax amount: $2,026
Price range: $2.3M - $2.3M
Date on market: 11/3/2025
Cumulative days on market: 149 days
Listing terms: Conventional,FHA,Other (See REMARKS),VA Loan

Estimated market value

$2,080,400

$1.98M - $2.18M

Not available

Price history

Date	Event	Price
3/27/2026	Price change	$2,250,000-10%$202/sqft
Source: MAAR #10209042 Report a problem
2/26/2026	Price change	$2,500,000-9.1%$224/sqft
Source: MAAR #10209042 Report a problem
12/10/2025	Price change	$2,750,000-8.3%$247/sqft
Source: MAAR #10209042 Report a problem
11/3/2025	Listed for sale	$3,000,000$269/sqft
Source: MAAR #10209042 Report a problem