Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,113,264. To generate strong buyer interest while maximizing value, I'd price this between $742,000 and $752,000. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in LAKE OAKS RANCH. The larger floor plan (608 sqft compared to the average comp) is a meaningful differentiator in this price range. At 8.90 acres, the lot is larger than the 1.76 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in LAKE OAKS RANCH; a buyer's market based on recent absorption. The trend in 78669 shows prices have fallen 13.7% in the past 6 months. 613 Wesley Ridge DR, Spicewood TX 78669 nearby adjusts to $1,032,609; 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
