What does it cost to buy a home in the Northwest Hills/Far West neighborhoods right now?
In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX took a close look at the range of sales asking prices per square foot in the area to find out.
Northwest Hills/Far West is bounded by MoPac on the east, state Highway 360 on the west, RR 2222 on the south, and Spicewood Springs Road on the north.
As the name implies, it’s in the hills overlooking Lake Austin, and home to a mix of residents who are attracted to the views, recreation opportunities, and easy access to retail, restaurants, and entertainment in almost every direction.
The current average asking price for the neighborhood is $265 per square foot. However, the individual properties that make up this average range from $233 per square foot (4118 Edwards Mountain Drive, a four-bedroom home on the market for $822,000) to $479 per square foot (4747 Cat Mountain Drive, a large single-family home with great views asking $$1,799,900).
NeighborhoodX co-founder Constantine put these prices in context, pointing out that the neighborhood’s average price falls between that of East MLK ($248 per square foot) and the Mueller community ($278 per square foot).
Valhouli also noted that the most expensive price per square foot in the neighborhood ($479 per square foot) is in line with the upper end of the price range in Hancock ($485 per square foot).