Ask two agents what a home costs in Tollgate Village this month and you can get numbers $700,000 apart, and neither one is wrong. One is describing a single-family house on Americus Drive. The other is describing a condo above the Town Center that shares a mailing address, a pool, and an HOA newsletter, but almost nothing else. Tollgate Village markets itself as one community. It has never priced as one.
That distinction matters more right now than it has in years, because the community just added a housing type it never had before: a true elevator building. Understanding what that changes, and what it doesn't, is the difference between comparing homes correctly in Thompson's Station and comparing them by accident.
Tollgate Village sits at the intersection of Columbia Pike and Tollgate Boulevard, close enough to walk to Publix, Ace Hardware, and a run of small businesses that make the community function more like a town center than a subdivision. Over the trailing 12 months of sales tracked through mid-2026, the community recorded 65 closed transactions split across three fundamentally different products: single-family homes, townhomes, and condos.
That split is the whole story. A single-family seller who prices off the community's blended median is looking at a number dragged down by condo sales. A condo buyer comparing prices to the community's highest recorded sale is comparing against a single-family outlier that has nothing to do with what they're shopping for. The product type, not the neighborhood name, is what sets the price band.
The single-family segment accounted for 33 of those 65 sales, with closing prices ranging from $515,000 to $1,465,000 and a median of $850,000. Average price per square foot landed around $306. These homes were built anywhere from 2006, when Tollgate Village broke ground, through 2026, and lot sizes run from 0.08 to 0.27 acres, small by Thompson's Station standards but consistent with a community built around walkability rather than acreage.
That range from 2006 to 2026 matters on its own. A buyer touring an original-phase home built when the community first opened is touring a different architectural era, a different lot layout, and often a different HOA cost basis than a buyer touring something finished this year. Two single-family homes in Tollgate Village can be twenty years apart in construction and still get lumped into the same segment median.
Single-family HOA dues in Tollgate Village run roughly $100 to $399 per quarter, with most owners landing around $1,500 to $1,600 a year. That fee typically covers common-area landscaping, the clubhouse, the pool, and trail maintenance, not exterior upkeep on the house itself.
Move down from single-family and the fee structure changes shape entirely, not just size. Townhome dues in Tollgate Village run $262 to $535 a month, and condo dues run $275 to $535 a month. Both are meaningfully higher than the single-family fee, and both cover more: exterior maintenance, grounds upkeep, and in the case of condos, internet, sewer, and water bundled into the monthly bill.
That's the part a buyer moving from a single-family market elsewhere tends to miss. A $500 monthly condo fee in Tollgate Village isn't padding. It's replacing a homeowner's roof reserve, exterior paint budget, and utility line items that a single-family owner pays separately and unevenly. Comparing a single-family HOA bill to a condo HOA bill without accounting for what each one absorbs is comparing two different financial products, not two prices for the same lifestyle.
Condo buyers in Tollgate Village have always been choosing between two distinct products: the Town Center condos built by Regent Homes, and a separate development called The Retreat at Tollgate Village, each with its own construction era and floor plan style. What just changed is inside the Town Center product itself.
A new building in that Town Center line, addressed on Setting Sun Drive and on Tollgate Boulevard, delivered its first units through the 2025 to 2026 window as Thompson's Station's first true mid-rise product with elevator access. One active listing on the market in late August 2026 described the unit as a three-story, elevator-accessible residence in the heart of the Town Center, the kind of vertical, lock-and-leave product the town simply didn't have before this phase.
That's not a small addition. It means the Town Center condo product, previously walk-up construction throughout, now spans two building types under one label: earlier walk-up sections and this new elevator building, each carrying a different construction standard and likely a different long-term maintenance cost inside its HOA structure. The Retreat remains its own separate product next door. Buyers comparing "a condo in Tollgate Village" against another listing need to ask which of those buildings they're actually looking at before the price makes sense.
Anyone who wants to confirm what's been approved and what's still moving through the process can check the town's own planning and zoning records directly on the Thompson's Station government site, which tracks current development activity by name.
None of this segmentation would matter if Tollgate Village were just another subdivision with a pool. It commands its premium because the Town Center actually functions as one. Residents can walk to Mojo's Tacos, Village Pizza, White Shepherd Coffee, Settlers Coffee, and Tollgate Wine and Spirits, along with Ace Hardware, Stretch Zone, Wilco Dentistry, Ecco Salon, Ambiance Organic Nails and Spa, and Williamson Medical Group, all inside the same walkable footprint as the homes.
That's the trade a smaller lot or a monthly condo fee is buying. A single-family owner on a 0.15-acre lot is paying for proximity to a working town center, not just a subdivision entrance sign. A condo owner in the new elevator building is paying an even sharper version of that same trade: less square footage, a higher monthly fee, and the shortest possible walk to all of it.
As of September 1, 2026, Tollgate Village had 42 active listings with an average list price of $709,093 and a top end near $1,599,000. That average sits close to the town-wide Thompson's Station median, which various 2026 market trackers place somewhere between $812,000 and $890,000. The closeness is coincidental. It's an average of three different products, not a description of what any single buyer will actually pay.
Before treating any two Tollgate Village listings as comparable, it's worth confirming the product type first: single-family, townhome, or condo, and if condo, whether it's a Town Center building, the new elevator building within that same line, or The Retreat. Then confirm what the HOA fee actually includes, since a $300 monthly condo fee that covers water and internet is a different financial commitment than a $300 quarterly single-family fee that covers shared amenities and upkeep. Year built matters almost as much within the single-family segment alone, given the twenty-year construction span inside one community.
Is the HOA in Tollgate Village mandatory for every product type? Yes. Single-family, townhome, and condo owners all pay into the community HOA, though the fee amount and what it covers differs sharply by product type, as outlined above.
What's the difference between The Retreat at Tollgate Village and the new elevator building? The Retreat is a separate condo development from the Town Center condos, with its own architectural style and price profile. The new elevator building is the latest phase of the Town Center condo line itself, not a third separate community, and it's the first building in Thompson's Station with true mid-rise elevator access, delivered in the 2025 to 2026 window.
Does Tollgate Village's median price reflect what a typical home there costs? Not reliably. The community's blended numbers combine single-family, townhome, and condo sales into one figure, and the trailing 12-month data shows those three segments occupying very different price bands. A buyer or seller working from the blended number alone is working from an average of three different markets rather than a price for any specific one.
If you're weighing a Tollgate Village purchase or wondering where your current home actually sits inside these segments, The Bickerstaff Group can walk through the comparable sales for your specific product type, not the community average. Get your free home valuation and find out which Tollgate Village you're really in.
This article is general information, not legal, tax or financial advice. Consult a qualified professional about your situation.
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