Jul 20, 2010
Austin, TX most expensive available home. Comes at an whopping 15 million dollars. Just listed 20 days ago, it is sure to be on the market a while given the current economy. Homes in the Austin area listed for over $750,000 take much longer to sell than those below that mark. Currently it is estimated to take 24.7 month to sell all the homes listed above $750,000. That is a long time. Homes listed for under $750,000 take just 11 month to sell, and if you go even lower to say under $400,000, all the listed properties would sell in only 8 months time. It is important to note that these are estimates based on past performance.
These estimates have nothing to do with how long it will take to sell your home. It simply points out the amount of buyers vs sellers. Currently there are a greater number of homes for sale over the $750,000 threshold than buyers willing to pay for them. It is a buyers market in the high-end homes.
So how does our $15 million dollar home fair? Well, if I won the lottery tomorrow I would think about buying it. I don’t how ever think it is going to sell for a while because who is going to shell out that much cash right now. People who have that kind of money in this economy are few and far between.
We will keep an eye on this and let you know how it turns out.
1750 FAR GALLANT Dr, Austin, TX 78746 (MLS # 9753523)
(all data current as of 5/19/2012)
| Price | $10,000,000 |
|---|---|
| Beds | 6 |
| Baths | 7 full, 2 half |
| Home size | 15,779 sq ft |
| Lot Size | 476,154 sq ft |
Located just 12 minutes from downtown Austin, inside Loop 360, sits this 16,000 sq ft masterpiece on 80 acres adjoining the Wild Basin Wilderness Preserve. The spectacular and thoughtful floorplan features two offices, a gorgeous master suite on the main level, five enormous bedroom suites upstairs, and a 9-car garage. A breathtaking estate property with resort-style amenities, privately set in the hills of Westlake. Shown by appointment only.
Property Type(s): Residential, House
| Last Updated | 2/15/2012 | Tract | Mccutcheon W |
|---|---|---|---|
| Year Built | 2002 | Community | Mccutcheon W |
| Garage Spaces | 9.0 | County | Travis |
| Total Parking | 9 | Walk Score ® |
5
|
Schools
| School District | Eanes ISD |
|---|---|
| Elementary School | Bridge Point |
| Grade School | Bridge Point |
| Middle School | Hill Country |
| Jr. High School | Hill Country |
| High School | Westlake |
Additional Details
| Estimated Taxes | 114499.41 | Tax Year | 2010 |
|---|---|---|---|
| Tax Rate | 1.815399999999999 |
Features
| # Garage Spaces | 9 |
|---|---|
| # Stories | 3 |
| A/C | Central Air |
| Allow 3rd Party Comments | No |
| Allow Automated Valuations | No |
| Construction | Stucco |
| Dining Description | Breakfast Area, Formal Dining |
| Exterior Features | Balcony, Barbecue, Decorative Pond, Patio-Covered, Patio-Uncovered, Playscape, Porch Open, Private BackYard |
| Faces | West |
| Fence | Livestock |
| Fireplace Description | Bedroom, Family Room, Formal Living |
| Floor | Carpet, Marble, Stone |
| Foreclosure/REO | No |
| Foundation | Slab |
| GA Description | Connected, Room w/ Private Bath |
| Garage Description | Attached, Detached, Door-Multi |
| Gated Community | Yes |
| Guest Accommodations | Yes |
| Heat | Central Heat |
| HOA Y/N? | No |
| Horses | Yes |
| Interior Features | Ceiling-Coffered, Ceiling-High, Double Vanity, Elevator, Wet Bar |
| Kitchen | Breakfast Bar, Center Island, Gourmet Kitchen, Granite/Marble Counters, Open to Family Room, Second Kitchen |
| Laundry Facilities | Washer/Dryer Connections |
| Laundry Location | Utility Room |
| Lot Description | Backs To Greenbelt, Cul-De-Sac, Private Road |
| Master Description | Double Vanity, Dressing Room, Fireplace, Full Bath, Jetted Tub, Walk-In Closet |
| Master Main | Yes |
| Pool Descr on Prop | Heated, In-Ground Pool |
| Pool on Property | Yes |
| Prop Type | Residential |
| Property Type | House |
| Region | Austin - West/Westlake |
| Roof | Tile |
| Rooms | Exercise, Family, Formal Living, Foyer, Game, Great, Home Theater, Library |
| Sewer | Septic on Property |
| Sprinkler System | Yes |
| Sprinkler System Description | Automatic |
| Square Foot Source | Tax Record |
| Status | Active |
| Steps | Interior Steps |
| Trees | Heavy, Large (Over 40 Ft) |
| View | City |
| Water | City |
| Waterfront | No |
| Year Built Desc | Resale |
Location
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Listed with Moreland Properties
(view all details for MLS #9753523)
About Ed Neuhaus
Broker and founder of Neuhaus Realty Group. I started working in real estate as soon as I could push a lawnmower and help clean up investment properties for my parents. Investing in real estate has always been a passion and now I have turned that passion into a way to help others. Buying and selling homes for others is just one way I think I can make the world better. No sales pressure, no gimmicks, just an honest work ethic gets the job done. Let me know how I can help you. Give me a call today at 512.366.3720
