While your generalization may or may not be correct about highlands pricing being generally higher I think there are mitigating circumstances. For instance highlands is a better location with regards to commute then Stonebridge. A HUGE monetary advantage lies with NO MR for the San Angelo homes (if I am not mistaken) and like an 86 buck a month HOA fee. (OCR can correct me on all that). Do you realize how much you save in the long run? .[/quote]
It really isn’t that hard to figure out.
The stonebridge MR and HOA amounts to basically $100k in term of monthly mortgage cost. So all things being equal, the stonebridge home should be $100k less.
Now ocean view homes typically carry another $100k in premium.
So an equally sized home in highlands getting $800k makes perfect sense. And to be frank, that Starwood home in stonebridge should be $600k.
