Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,346,809. To generate strong buyer interest while maximizing value, I'd price this between $2,300,000 and $2,394,000. With 7 comparable homes on the market in OLD STONEHEDGE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Being 496 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 1 of 4 comparable sales didn't include one. With 7 similar homes currently listed in OLD STONEHEDGE (a buyer's market), competition is a factor to consider. The trend in 78746 shows prices have fallen 2.6% in the past 6 months. 411 SKYLINE DR, West Lake Hills TX 78746 nearby adjusts to $2,919,440; with a smaller floor plan. 4 comparable transactions in OLD STONEHEDGE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group