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Land with Home for Sale in Lebanon, Tennessee

520 Derby Downs, Lebanon, TN 37087

$984,900
1.6 acres
Active sale
Est $5,162/mo

STUNNING property!!! Well-thought out spaces and decorated with high-end features throughout. A mixing of lighting enhances each space, extensive hardwoods and crown trim. Front Entry foyer opens to the Formal Dining Room and Great Room, as well as adjacent Office The Great Room provides an open concept and offers high ceilings, and centrally positioned gas fireplace with stone surround. Living space extends to the spacious Sunroom/Florida Room, featuring an expanse of windows overlooking the tree lines and extension of the yard, 1.6 acres total. The Kitchen encompasses extensive work areas, and is enhanced by high end stainless appliances, including Wolf brand oven/range with gas cooktop, new dishwasher, convection oven, and warming drawer. Also included is a central island with pendant lighting, custom tile backsplash, granite countertops, and tucked away storage with pullout features. The adjacent Breakfast Room opens to deck areas. Owner's Retreat presents a Bedroom with En Suite Owner's Bathroom, with walk-in closet with expanded built-ins, jetted tub with tile surround, separate shower with custom tile, and double vanities with granite tops. The Powder Room and Utility Room are located along the passthrough to 2 additional Bedrooms with spacious closets and new carpeted flooring. An additional full Bathroom is easily accessible from each of these secondary bedrooms, and offers double vanities and a shower/tub combination. Hardwood treads lead to a separate Bonus Room with vaulted ceilings, built in surround sound speakers, and wet bar with built-in refrigerator. There is a dedicated 3rd full bathroom adjacent, with a combination shower/tub, which gives this area flexible uses, including being a possible 2nd Primary Bedroom/4th Bedroom! Walk up attic is directly accessible from this area, and allows space to store large amounts of items, or enough footage for possible future expansion!

4,180
Sq feet
3
Beds
3
Full baths
1
1/2 bath
2005
Built
  • Listed by Kay Self, (615) 419-2670, Crye-Leike, Inc., REALTORS

Location

Street address
520 Derby Downs
Community
Iroquois 1
Elevation
704 feet
Coordinates
36.2195, -86.3746

Directions

Lebanon/109/Gallatin exit North---Right on Lebanon Road---Right into Richmond Hills subdivision entrance---Travel through past 4 way stop sign---Right on Letcher---Right on New Market---Left on Derby Downs to 520 on the Right.

Property details

Acreage
1.6 acres
MLS #
REALTRACS 2988198
Posted

Property taxes

Recent
$5,259

Parcels

  • 057P A 01000 000

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Possession
Negotiable

Lot

Size Source
Assessor
Terrain
Private

Exterior

Parking Spaces
9
Parking
Attached, Driveway
Garage Spaces
3
Fencing
Full
Outdoor Spaces
Covered, Deck, Porch

Structure

Style
Traditional
Stories
2
Basement
Crawl Space
Water
Public
Sewer
Public Sewer
Heating
Natural Gas
Cooling
Central Air
Materials
Brick
Foundation
Brick/Mortar

Interior

Rooms
Bedroom x 3, Dining Room, Hobby Room, Kitchen, Living Room, Master Bathroom, Recreation Room
Flooring
Carpet, Tile, Wood
Fireplace Count
1
Fireplaces
Gas, Great Room
Appliances
Built-In Gas Range, Dishwasher, Disposal, Oven, Stainless Steel Appliance(s), Water Purifier
Security
Security System
Equipment
Irrigation System
Features
Ceiling Fan(s), Entrance Foyer, Extra Closets, High Ceilings, In-Law Floorplan, Open Floorplan, Wet Bar

Property utilities

CategoryTypeStatus
GasNatural GasAvailable
SewageSewerConnected
WaterPublicAvailable

Nearby schools

NameType
Castle Heights ElementaryElementary
Winfree Bryant Middle SchoolMiddle
Lebanon High SchoolHigh

Listing history

DateEventPriceChangeSource
Mar 23, 2026New listing$984,900REALTRACS
Sept 18, 2025Listing removed$984,900Listing agent
Sept 3, 2025New listing$984,900REALTRACS
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This 1.6-acre property is located at 520 Derby Downs in Lebanon, TN 37087. The property is available for sale for $984,900. It has a 4,180 sq ft 3 bedroom, 3 bath house built in 2005.

Checked 1 hour ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Apr 1, 2026 3:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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