Exactly solvable frustrated quantum spin models consisting of a diamond unit structure are presented. The ground states are characterized by tetramer-dimer states with a macroscopic degeneracy in a certain range of isotropic exchange interaction. The lower bound of the excitation gap is exactly calculated to be finite and the bulk entropy in the limit of zero temperature remains finite depending on the shape of the boundary of system. Residual entropy is in a range of 0~6.1% of the entropy at

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... gh temperature for hexagonal diamond lattice and 0~8.4% for square diamond lattice. These diamond lattices are generalized to any dimensions and it is likely to be synthesized experimentally.