That is a very nice home, but I don’t think any Quintessa homes are worth 1.4mil. Castillian (neighbor) homes are just starting to have downward pressure due to loan resets/defaults and Quintessa homes are next. Quintessa came out a little after Castillian homes. From the map that lot is nice, but I don’t think there are any panoramic views of open space or the lake. I’ve been looking at homes in the 800K range for the past 60 days, so I’m very familiar with that area. There is still a lot of pent-up demand for this area, but the price has to be right. I would say that currently that home would sell for about 1 to 1.2 mil. As far as the future I’m not sure how far these homes will come down. There was a Quintessa (on the same street I think) with the same sqft and cassita listed for 925k-1.2mil that is currently pending. It does not have a pool or the nice hard scape. That would be a comp that you might want to keep your eye on. I hope that I didn’t affend anyone by answering a question that was not directed at me, but I thought that I might have some info to share.
