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, as it did in June.
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 areas around Austin, it was until recently a small town that attracted outdoorsy types (visitors and residents) 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 for Bee Cave is $166 per square foot. However, the individual properties that make up this average range from $135/square foot (4717 Mont Blanc Drive) to $291/square foot (109 Syrah Circle).
Our analysis excludes two listings with considerable acreage, because that land skews the value of the built residential square footage much higher. Those listings are 14601 Hamilton Pool Road, which asks $2 million for 2,968 square feet—an apparent $673/square foot at first glance—until one recognizes that the property sits on 13.86 acres of land. The other is 6432 Destiny Hills Drive (asking $1.75M for 4,203 square feet, of an apparent $416/square foot, except that it is conveyed with 2.16 acres).
• Neighborhood Market Watch: How Much It Costs to Buy a Home in Bee Cave [Curbed Austin]