816 Moonlight Bay DR, Spicewood TX 78669

The estimated value of this property is $1,653,736, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,714,000 and $2,117,000. In the current COVES market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 941 sqft smaller than the typical comp, the size difference factors into the valuation. The 4.12 acre lot (larger than the 1.91 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in COVES; a buyer's market based on recent absorption. Recent trends in 78669 show home values have risen 5.4% since 6 months ago. The most comparable recent sale is 19206 Hornsby LN, Spicewood TX 78669, with an adjusted value of $1,015,921; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group