705 E Summit DR, Spicewood TX 78669

Based on 3 closed sales in BRIARCLIFF - BRIARWOOD KNOLL, the data points to a value around $654,054 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $518,000 to $528,000. This home's position in the current BRIARCLIFF - BRIARWOOD KNOLL market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (280 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.59 acres versus 0.53 for the typical comp. There are currently 7 similar homes on the market in BRIARCLIFF - BRIARWOOD KNOLL, ranging from $459,000 to $939,000. Market data shows 78669 prices risen 16.7% over the last half year. The closest comparable sale, 644 Newport DR, Spicewood TX 78669 at an adjusted $515,047, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in BRIARCLIFF - BRIARWOOD KNOLL. 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