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 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 $134/square foot (4717 Mont Blanc Drive, asking $487,000) to $432/square foot (6200 Spanish Oaks Club Boulevard, a large home on the golf course asking $2.3 million).
There is one property that appears, at first glance, to have a higher per-square-foot price than any other in the neighborhood: 14601 Hamilton Pool Road, which asks $2 million for 2,968 square feet (or $673/square foot). However, the property is on almost 14 acres of land, and this (rather than the value of the interior space) is what is driving the higher apparent value on a per-square-foot basis.
You can see the full, interactive chart at the link below.
• Austin Homes in the Range: Bee Cave (Sept. 2016) [NeighborhoodX]