705 E Summit DR, Spicewood TX 78669

Based on 5 closed sales in 78669, the data points to a value around $641,324 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $530,000 to $540,000. This home's position in the current 78669 market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The larger floor plan (261 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.59 acres versus 0.39 for the typical comp. There are currently 4 similar homes on the market in 78669, ranging from $575,000 to $1,099,000. Market data shows 78669 prices fallen 13.7% over the last half year. The closest comparable sale, 813 Newport DR, Spicewood TX 78669 at an adjusted $818,382, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in 78669. 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