1397 CENTRAL AVE

Active

Memphis, TN 38104

6
Bedrooms
4
Bathrooms
11,144.00
Sq Ft
0.7900
Acres
Updated 39 minutes ago MLS #: 3163438 Listed 5 months ago

$2,250,000.00

Est. Monthly: $10,859.51
$202
Per Sq Ft

About This Property

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.

Location

Subdivision UNIVERSITY TOWER
Directions Turn onto Central ave East bound property on the right

Interior Features

Interior Features Wet Bar,High Ceilings
Heating Central
Cooling Central Air
Flooring Carpet,Wood,Tile

Exterior & Property

Architectural Style Other
Stories 3
Patio/Deck Features Patio

Schools

Property Details

Property Type Residential
Property Sub Type Single Family Residence
Year Built 1897
Annual Taxes $2,026.00
Listing Office eXp Realty
Listing Agent Garth Ward
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2026-04-04T07:36:50+00:00. 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.

Market Insights

Explore market data for Memphis and the UNIVERSITY TOWER neighborhood

Memphis Market

City-wide statistics

Explore Memphis
123
Active Listings
$233,628.76
Avg Price
2,076
Avg Sq Ft
3.4
Avg Bedrooms

UNIVERSITY TOWER

Neighborhood statistics

Explore UNIVERSITY TOWER
1
Active Listings
$2,250,000.00
Avg Price
11,144
Avg Sq Ft
6.0
Avg Bedrooms

Price History

Recent price changes for this property

Mar 27, 2026
Price Decrease
$25,000.00 → $22,500.00
$2,500.00

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 3163438

Currently active listing

1 week ago • Mar 26, 2026

152 days on market

$2,250,000.00

Originally: $3,000,000.00