In the quest of minimum yttria content to stabilize tetragonal zirconia system, we report the synthesis of ultrafine (∼9 nm), near-spherical, phase-pure tetragonal 1.5 mol.% yttria-stabilized zirconia (1.5YSZ) nanoparticles. The pressureless sintering process (at 1100 °C) involved of 1.5YSZ nanopowders (without any slurry processing) and did not need any binders, additives, or sintering aid to attain high-density (>98.5%) and refined grain size (∼50 nm) for the consolidated fully tetragonal 1.5YSZ nanoceramics. A promising transmittance value of 46% (at 630 nm) was obtained, making it comparable/higher in optical properties with respect to the transmittance values of existing 3 mol.% yttria-doped ZrO2 compositions. This result is credited to our synthesized phase-pure (validated via X-ray Diffraction and Raman analysis) near-spherical nanoparticles with improved tetragonality (c/a ratio = 1.439, obtained via Rietveld analysis) that paved the way for low-temperature conventional sintering for possible large-scale industrial applications.