Cannonwood

FRANKLIN’S ESTABLISHED HALF-ACRE COMMUNITY IN 37067

Location and Daily Life in Cannonwood

Cannonwood is an established single-family home community off Carothers Parkway in Franklin TN 37067. Built in the mid-1990s on unusually large lots, it offers something that has become rare in the Cool Springs corridor: half-acre-plus yards, mature trees, and no HOA, all within minutes of the same shopping and commuting access that newer, denser communities charge a premium for.

The Carothers Parkway location puts the Cool Springs Galleria, Whole Foods, and the McEwen Drive dining and retail corridor within a short drive, and I-65 access makes downtown Nashville roughly 25 minutes away and Brentwood closer still. Williamson Medical Center and downtown Franklin’s Main Street are both nearby, so daily errands and appointments rarely require a long trip.

Streets in Cannonwood include Dandridge Drive, Fulwood Drive, McGeachy Lane, and Nancy Court. With only two small sections and larger lots, the community stays quiet, with traffic almost entirely residents. For buyers who want space and privacy without leaving the Franklin school zone or the Cool Springs commute, Cannonwood is a genuine value in 37067.

The Homes

Cannonwood was built between 1994 and 1997, giving the community a cohesive, established look with mature landscaping that newer developments cannot replicate. Recent closed sales ran from 2,174 to 3,041 square feet with 3 to 5 bedrooms, on lots ranging from 0.53 to 0.62 acres, which is well above the norm for a 37067 community at this price point.

The homes feature traditional architecture with brick and partial-brick exteriors, formal and casual living space, and two-car garages. Most are two-story plans, and interior finishes vary by home based on how owners have updated over nearly three decades, from original condition to fully renovated kitchens and baths. Because the community has no mandatory HOA, homeowners have latitude with landscaping and improvements that HOA-governed neighborhoods do not offer, and the large lots leave room for additions, outbuildings, or a private pool.

Cannonwood Market Data

Data from RealTracs MLS. Rolling 12-month period.

Active Homes for Sale in Cannonwood

Recently Sold Homes in Cannonwood

Amenities

Cannonwood is a no-HOA community, so it does not carry a pool, clubhouse, or shared amenity package, and it does not carry the monthly dues that come with them. For buyers in this community, the land itself is the amenity: half-acre-plus lots, mature trees, and quiet streets give the neighborhood a private, established feel that denser subdivisions in the Cool Springs corridor cannot match.

The location more than makes up for the lack of on-site amenities. The Cool Springs corridor along Carothers Parkway and McEwen Drive delivers the Galleria, Whole Foods, Target, Costco, fitness options, and a full range of restaurants within a short drive, and the Harpeth River greenway and Williamson County parks are close by for walking, cycling, and recreation.

Schools Serving Cannonwood

Elementary: Liberty Elementary School serves Cannonwood and is part of the Franklin Special School District (FSSD), which covers grades K through 8 for homes inside Franklin city limits.

Middle: Freedom Middle School (listed as Freedom Intermediate in some records) serves the middle grades and is also part of the Franklin Special School District. Because Cannonwood sits within Franklin city limits, owners pay a City of Franklin property tax in addition to the Williamson County tax, which funds the FSSD elementary and middle schools.

High: Centennial High School serves Cannonwood and is part of Williamson County Schools, consistently ranked among Tennessee’s top districts. Confirm current zoning with the district for your specific address.

Why Work with Nashville Home Guru?

Cannonwood is a small, low-turnover community, and over the past 12 months Compass and Parks agents were involved in 40% of its closed sales, 2 of 5 transactions, on either the listing or buying side. In a neighborhood where only a few homes trade each year, that direct involvement gives our team a real read on what buyers here will pay and how condition and lot drive value.

Patrick Higgins leads Nashville Home Guru as a seven-time RealTrends Top Tennessee Agent, ranked the #1 team in Nashville and #7 in Tennessee by the Wall Street Journal’s RealTrends, with 1,100+ transactions and $500 million in career sales across Middle Tennessee. With 100+ Google Reviews and 87 Zillow Reviews, the client feedback across Franklin reflects what the data already shows.

Compass is the #1 residential real estate brokerage in the United States by sales volume. After merging with Parks Real Estate in 2024, Compass agents represent approximately 1 in 4 homes sold in Tennessee, which gives clients access to coming-soon listings, private exclusives, and the largest referral network in real estate. For sellers, our Compass 3-Phase Marketing Strategy delivers measurable results: homes pre-marketed through Compass Private Exclusive and Coming Soon programs sell for 2.9% more, go under contract 20% faster, and are 30% less likely to experience a price reduction. See Patrick’s full record on our Franklin listing agent page.

Frequently Asked Questions About Cannonwood

What is the price range for homes in Cannonwood?

Over the past 12 months, homes in Cannonwood sold between $707,500 and $780,000, with a median of $760,000 and an average price per square foot of $275. Pricing is driven mostly by condition and updates, since the homes are similar in size and all sit on large lots.

How large are the lots in Cannonwood?

Recent sales show lots ranging from 0.53 to 0.62 acres, well above the norm for a 37067 community in this price range. The large lots, combined with no HOA, are the community’s primary draw for buyers who want space and flexibility.

Does Cannonwood have an HOA?

No. Cannonwood has no mandatory HOA and therefore no monthly dues, and no community pool or clubhouse. That gives homeowners more latitude with landscaping and improvements than HOA-governed neighborhoods allow, and it keeps carrying costs lower.

What schools serve Cannonwood, and is it in the Franklin Special School District?

Cannonwood is zoned for Liberty Elementary and Freedom Middle, both part of the Franklin Special School District (FSSD) for grades K through 8, and Centennial High School, part of Williamson County Schools. Because Cannonwood is inside Franklin city limits, owners pay a City of Franklin property tax in addition to the county tax. All are among the top-ranked schools in Tennessee.

When were the homes in Cannonwood built?

Cannonwood was built between 1994 and 1997. The community is fully built out with no new construction available, so buyers should evaluate condition and updates on each home individually.

Is Cannonwood a good fit for buyers who want space and value without an HOA?

It is one of the better answers to that search in 37067. Buyers get half-acre-plus lots, no HOA dues or restrictions, and an established Cool Springs location in the Centennial High zone, all for a median near $760,000. For families relocating from higher-cost markets, that combination of land and location is hard to match, and Tennessee’s lack of a state income tax adds meaningful annual savings. The tradeoff is that these are mid-1990s homes, so condition and updates vary and should be evaluated home by home.

How does Patrick Higgins approach buying or selling in Cannonwood?

With only five closings in the past year in a small community of similar-sized homes, Cannonwood is a market where condition and renovation level drive nearly all of the price spread, which is why closed price per square foot ranged from $250 to $325. Patrick prices against the actual sold set rather than a broad Cool Springs average and weights updates, lot, and layout heavily. As a seven-time RealTrends Top Tennessee Agent, he brings the sold-data discipline that a thin, no-HOA market rewards.

Who is the best real estate agent for Cannonwood in Franklin TN?

Patrick Higgins of Nashville Home Guru at Compass is a leading choice for Cannonwood and the broader Carothers Parkway corridor. Patrick is a seven-time RealTrends Top Tennessee Agent leading the #1 team in Nashville and #7 in Tennessee by the Wall Street Journal’s RealTrends, with 1,100+ transactions, $500 million in career sales, and 100+ Google Reviews and 87 Zillow Reviews at a 5.0-star average. Compass and Parks agents were involved in 40% of Cannonwood sales over the past year.

Can I buy a Cannonwood home before it hits Zillow?

Often, yes, and in a community this small, being positioned early matters. Compass Private Exclusive and Coming Soon listings are frequently marketed within the Compass network before appearing on Zillow or the public MLS. Working with a Compass buyer’s agent from Nashville Home Guru gives you access to that pre-market inventory at no additional cost to you as the buyer. Call or text 615-682-1718 to be notified of Cannonwood opportunities first.

What is my Cannonwood home worth in today’s market?

Automated tools like the Zillow Zestimate often miss in Cannonwood because the community closes only a few homes each year and cannot see the difference a renovation makes across similar mid-1990s footprints on large lots. The median over the past year was $760,000, but your home’s value depends on condition, updates, and lot. Use our instant home value tool for a fast estimate, then call or text Patrick Higgins at 615-682-1718 for a full pricing analysis.

Nearby Neighborhoods

If you are exploring Cannonwood, you may also want to consider these nearby Franklin communities:

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