12099 Bonham Ranch RD, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,236,954. To generate strong buyer interest while maximizing value, I'd price this between $951,000 and $961,000. Against 3 similar active listings in DEERFIELD ESTATES, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (170 sqft compared to the average comp) is a meaningful differentiator in this price range. At 4.02 acres, the lot is smaller than the 6.46 acre comp average, which factors into pricing. The active market in DEERFIELD ESTATES includes 3 comparable homes priced from $990,000 to $2,200,000. The trend in 78620 shows prices have fallen 3.8% in the past 6 months. 451 Cottonwood Creek RD, Dripping Springs TX 78620 nearby adjusts to $1,371,886; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group