Since its last appearance on the market in 2016, the price of this Hill Country estate ballooned by 600 percent — thanks to a massive new mansion built on the site.
This six-bedroom, six-and-a-half bath property, which sits on a gated six-acre lot, hit the market for just under $6 million — reportedly the priciest listing in San Antonio, according to the SA Current.
The last time 108 Blackhawk Trail hit the market in 2015, it was listed at just a little over $1 million. It was removed in 2016 just before its current owners tore down the old house to build this colonial-style mansion.
The owners tapped high-end home builder Nic Abbey and interior designer Courtney Balsam for this ambitious project. While the home has all the luxury fixings — like quartz countertops, a four-car garage and a 540-square-foot pool — the county’s latest appraisal of the property was less than $2.3 million.
In May, before it hit the market, Zillow estimated its value at $3.4 million and CoreLogic’s July valuation was about $2.7 million. In fact, the neighborhood of North San Antonio — considered ‘hot’ by Realtor.com’s index — has a median listing price of $355,000.
Having a property that’s listed for three times the second most expensive property in the neighborhood might be a non-factor for listing agent Jason Glast of the Jason Glast Group. He’s called the home “absolutely one of the prettiest estates ever available in our market,” adding that “it’s fun, not fussy.”
The “fun” mansion’s eye-popping price tag is definitely an outlier inSan Antonio’s housing market. Compared with its Texas neighbors like Austin and Dallas, the Alamo City has remained relatively affordable while still being considered a hot market. Whereas a Florida Atlantic University study estimated the Austin market to be about 67 percent overvalued, San Antonio’s was less than half that.
The South Texas metro shouldn’t be counted out of the state’s housing hysteria. In April, its median home price increased 23 percent year over year, and the average price increased by 20 percent, according to data from the San Antonio Board of Realtors.
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