177 Encantada, Horseshoe Bay TX 78657

Based on 3 closed sales in ESCONDIDO, the data points to a value around $3,042,206 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,219,000 to $2,229,000. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in ESCONDIDO's current inventory. Being 107 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.50 acres versus 0.40 for the typical comp. 7 similar homes are currently available in ESCONDIDO, creating a buyer's market for this price range. Market data shows 78657 prices fallen 15.4% over the last half year. The closest comparable sale, 1419 Apache Tears, Horseshoe Bay TX 78657 at an adjusted $2,881,023, is with a smaller floor plan and a pool. The strength of this estimate comes from 3 directly comparable sales in ESCONDIDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group