Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,108,748. To generate strong buyer interest while maximizing value, I'd price this between $811,000 and $821,000. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in LAKE OAKS RANCH. The larger floor plan (423 sqft compared to the average comp) is a meaningful differentiator in this price range. At 8.90 acres, the lot is larger than the 0.73 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in LAKE OAKS RANCH; a buyer's market based on recent absorption. The trend in 78669 shows prices have risen 8.4% in the past 6 months. 601 Wesley Ridge DR, Spicewood TX 78669 nearby adjusts to $1,054,481; a strong comparable. 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
