900 Live Oak CIR, West Lake Hills TX 78746

The market data from 7 similar recent sales in MAYO points to a value of approximately $6,014,399. To sell within a reasonable timeframe at fair market value, the $5,834,000 to $6,195,000 range is where I'd position this. With 1 comparable homes on the market in MAYO, this price positions the property as below the only comparable home currently on the market. The larger floor plan (5,904 sqft compared to the average comp) is a meaningful differentiator in this price range. At 4.06 acres, the lot is larger than the 1.32 acre comp average, which factors into pricing. With 1 similar homes currently listed in MAYO (a buyer's market), competition is a factor to consider. In 78746, home values have risen approximately 8.7% over the past 6 months. One of the strongest data points is 1421 Circle Ridge DR, West Lake Hills TX 78746, adjusting to $8,863,454; with a smaller floor plan. 7 comparable transactions in MAYO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group