In an ongoing series for Curbed Austin, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different neighborhoods. Today, it’s checking out numbers in Bee Cave.
Bee Cave is a small city about 12 miles northwest of Austin. It runs along both sides of state Highway 71 starting just north of Barton Creek Preserve and continuing northwest to the edge of Falcon Hills Primitive Park.
Like many area around Austin, it was until recently a small town that attracted outdoorsy types (visitors and residence) with its natural resources, trails, and setting near the Hill Country. It still does, but it has also become a bedroom community—or, more accurately, a telecommuting community—of Austin, with the requisite golf club, McMansions, and the Hill Country Galleria shopping mall.
The current average listing price in Bee Cave is $164/square foot; however, the prices for the individual properties that make up this average range considerably, from $124/square foot (119 World of Tennis Boulevard, a two-bedroom condo asking $199,900) to $538/square foot (multiple units planned for 13200 Bee Cave Parkway).*
*At first glance, there was one property which appeared to have a record-setting price for the neighborhood: 14601 Hamilton Pool Road, asking $2.25M for 2,968 square feet ($758/square foot). However, much of the value in this property is driven by the 13.86 acres of land, and the value of the land must be considered when looking at the price per square foot in order to provide a meaningful comparison. As a result, we did not include the property in the current price range.
You can view the full, interactive chart at the link below.
• Austin Price Range: Bee Cave (June 2016) [NeighborhoodX]