7 recent sales in the surrounding area of this address suggest a current value of $5,489,445. My recommended list price range for this property would be $4,394,000 to $4,404,000. Among the similar homes currently available in 78746, this price point stands out as competitive. Being 895 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a standout feature, with 1 of 7 comparable homes not offering one. The active market in 78746 includes 4 comparable homes priced from $4,495,000 to $12,995,000. In 78746, home values have risen approximately 3.2% over the past 6 months. One of the strongest data points is 1421 Circle Ridge DR, West Lake Hills TX 78746, adjusting to $6,020,690; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
