1240 Ridge Harbor DR, Spicewood TX 78669

Based on 7 closed sales in RIDGE HARBOR, the data points to a value around $512,306 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $414,000 to $424,000. Relative to what's currently available in RIDGE HARBOR, this home would be the 3rd most expensive of 7 comparable homes on the market. Being 508 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.39 acres versus 1.16 for the typical comp. 7 similar homes are currently available in RIDGE HARBOR, creating a buyer's market for this price range. Market data shows 78669 prices fallen 13.5% over the last half year. The closest comparable sale, 116 Courtside WAY, Spicewood TX 78669 at an adjusted $461,967, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in RIDGE HARBOR. 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