5015 Great Divide DR, Bee Cave TX 78738

Bee Cave, TX 78738 | Homestead

Ed's Opinion of Value

$1,054,109 Ed's Estimate: $1,280,486 $1,795,000
Lowest Comp Recommended List: $1,242,000 to $1,319,000 Highest Comp
After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,280,486. Pricing this home between $1,242,000 and $1,319,000 would put it in the competitive sweet spot for HOMESTEAD. Relative to what's currently available in HOMESTEAD, this home would be the most affordable of 7 comparable homes on the market. The larger floor plan (1,115 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (1.63 acres versus the area average of 1.43) contributes to the valuation. Current inventory shows 7 comparable homes in HOMESTEAD; a seller's market based on recent absorption. Market data shows HOMESTEAD prices risen 7.1% over the last half year. The closest comparable sale, 5111 Great Divide DR, Bee Cave TX 78738 at an adjusted $1,301,288, is with a smaller floor plan. With 7 comparable sales in HOMESTEAD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
6 Beds
4 Baths 4 Full
3,987 Sq Ft
1.629 Acres
1997 Built
2 Garage

About This Property

Seller would consider seller financing at 20% down with an interest rate as low as 5%. This property offers 6 bedrooms and 4 bathrooms, with the main home boasting 5 bedrooms/3 bathrooms across 3,498 sq ft of living space (all square footage per appraiser). Additionally, the charming 1bed/1bath casita provides an additional 489 sq ft of privacy, bringing the total living area to 3,987 sq ft. The casita was constructed in 2015; it was transformed into a welcoming oasis featuring a full kitchen, beautiful bathroom, split AC system, and electricity. The casita offers a unique private space for visitors, and it also presents as a favorable asset for short-term-rentals. With its desirable location and spacious guesthouse, this property is a magnet for travelers seeking a memorable and comfortable stay. Whether it's doing STR’s for the casita, or for the entire property, this home is neither hindered by an overstepping HOA nor extensive deed restrictions. The owner has invested significantly in renovations. In 2020, the upstairs half bath was transformed into a full bath, further enhancing the functionality of the upper level’s bonus space. The wood deck in the backyard was also rebuilt at this time. The year 2021 saw a major $300k remodel downstairs which incorporated elegant French Oak flooring and beautifully updated primary & guest bathrooms with marble countertops and flooring in each. The kitchen was tastefully redesigned with quartz countertops, glass insert cabinets, and a brand-new French ILVE range. The upgrades continue outside, with the installation of Cantera steel doors at the front and back entrances. The property sits on an expansive 1.629-acre lot with the potential to build a pool or sport court. This is a rare find at this price point, especially with no HOA, low tax rate, and located only 20 minutes from downtown Austin! The property is zoned for Lake Travis ISD and is within 7 minutes of the Hill Country Galleria, H-E-B, Lowe’s, and Home Depot.

Features

  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Beamed Ceilings
  • Cathedral Ceiling(s)
  • High Ceilings
  • Vaulted Ceiling(s)
  • Chandelier
  • Quartz Counters
  • Double Vanity
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • French Doors
  • In-Law Floorplan
  • Interior Steps
  • Kitchen Island
  • Multiple Dining Areas
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Storage
  • Track Lighting
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Lake Travis ISD
Elementary Lake Pointe
Middle School Lake Travis
High School Lake Travis

Property Details

Property Type Residential
Flooring Marble, No Carpet, Wood
Cooling Ceiling Fan(s), Central Air, Wall/Window Unit(s), Zoned
Heating Central, Fireplace(s), Propane
Exterior Lighting, Private Yard
County Travis
MLS # 5157092
Garage 2 spaces

Tax Information

Annual Taxes (MLS) $16,405 (2022)

Listing History

MLS# 5157092 155 days (218 CDOM)
Feb 7, 2024 Off Market
Oct 4, 2023 Price Change $1,550,000
Aug 7, 2023 Listed $1,625,000

Frequently Asked Questions About 5015 Great Divide DR, Bee Cave TX 78738

When was 5015 Great Divide DR, Bee Cave TX 78738 built?

5015 Great Divide DR, Bee Cave TX 78738 was built in 1997.

How much does 5015 Great Divide DR, Bee Cave TX 78738 cost?

5015 Great Divide DR, Bee Cave TX 78738 sold on February 7, 2024. Contact us for sale price details.

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