Active

0 Preakness Place, Lebanon TN 37090

$699,000
12.85 acres

Escape to your own private sanctuary on this prime 12.85 acre estate recently parceled off an old farm on Palmer Rd. nestled in an exclusive, highly sought-after area on the west side of Lebanon. Property borders City of Lebanon. Offering the perfect balance of secluded tranquility and everyday convenience just minutes to Publix and lots of other shopping. This rare property is an animal lover's and nature enthusiast's dream.The gorgeous landscape features over 8 rolling acres of pristine pasture, a tranquil spring-fed pond, and a flowing blue-line creek. Immerse yourself in nature with freque

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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 Lebanon

This property is grouped with the current listings without a reported bedroom count in Lebanon. Its asking price falls near the 56th percentile of that active group. The comparison uses 274 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 34 days, while the current cohort averages 45 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.

$200Cohort median $/sqft
274Comparable active listings
45 daysAverage market time

Nearby closed sales

Recent sold homes near this property

The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $642,500, and the median is $213 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.

AddressSoldHomeSold priceDistance
2017 Blue Ribbon Downs Jun 25, 2026 4 bd · 3,619 sqft $765,000 0.2 mi
1915 Appomattox Dr Jun 30, 2026 $75,000 0.7 mi
1920 Hampton Dr Jun 4, 2026 5 bd · 2,970 sqft $570,000 0.8 mi
201 Palmer Cir Jul 1, 2026 4 bd · 5,504 sqft $2,400,000 1.0 mi
2000 Hedgelawn Dr Jul 8, 2026 3 bd · 2,399 sqft $515,000 1.0 mi
1089 River Oaks Blvd Jul 2, 2026 4 bd · 3,358 sqft $715,000 1.0 mi
2015 Hedgelawn Dr Jul 21, 2026 3 bd · 2,522 sqft $525,000 1.1 mi
209 Moore Haven Cir Jun 1, 2026 4 bd · 3,881 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.

  1. $775,000 · Active
  2. $699,000 · Active

Location reference points

How this address sits within the Lebanon 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.

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Similar active homes in Lebanon

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 Lebanon homes for sale · See the Lebanon market report

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