After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $3,780,284. Pricing this home between $1,388,000 and $1,398,000 would put it in the competitive sweet spot for APPLEHEAD ISLAND. This home's position in the current APPLEHEAD ISLAND market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (739 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 1998 build date influences the valuation. There are currently 7 similar homes on the market in APPLEHEAD ISLAND, ranging from $1,190,000 to $6,495,000. Market data shows 78657 prices fallen 18% over the last half year. The closest comparable sale, 42 Applehead Island DR, Horseshoe Bay TX 78657 at an adjusted $4,459,488, is with a smaller floor plan and a pool. With 4 comparable sales in APPLEHEAD ISLAND, 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