In a landmark event for Elk Grove’s real estate market, the sale of W5233 Moonlight Way, Elk Grove 95758 has made headlines by becoming the largest home sale in the area. This record-breaking transaction not only highlights the growing appeal of Elk Grove as a premium location for luxury homes but also reflects significant trends in the real estate market. This comprehensive article delves into what makes this property unique, the factors contributing to its historic sale, and the broader implications for the local real estate landscape.
Key Takeaways
- Record Achievement: The sale of W5233 Moonlight Way, Elk Grove 95758, sets a new record for home sales in the area.
- Exceptional Features: Its luxurious design, top-tier amenities, and prime location drove the record price.
- Market Impact: This sale establishes a new benchmark, affecting property values and drawing more interest from buyers and investors.
- Economic Trends: Rising demand and favorable conditions have boosted luxury real estate values.
- Future Implications: Expect increased property values, shifting buyer preferences, and more competition in the luxury market.
Property Overview: W5233 Moonlight Way
Address and Sale Details
- Address: W5233 Moonlight Way, Elk Grove, CA 95758
- Sale Price: $4,750,000
- Date of Sale: August 15, 2024
- Property Size: Approximately 7,500 square feet
- Lot Size: 1.25 acres
- Year Built: 2015
The property at W5233 Moonlight Way has set a new standard for luxury real estate in Elk Grove. Its impressive sale price reflects its status as an extraordinary piece of real estate, combining high-end design, extensive amenities, and a desirable location.
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Architectural and Design Features
The architecture and design of W5233 Moonlight Way are hallmarks of luxury living. Here are some notable features:
- Design and Layout: The home features a sprawling open floor plan with high ceilings and expansive windows that provide abundant natural light. The architectural style merges modern sophistication with timeless elegance, creating a visually stunning and functional living space.
- Interior Features: The interior of the property showcases high-quality materials and finishes. The gourmet kitchen is equipped with top-of-the-line appliances, custom cabinetry, and a large island perfect for both cooking and entertaining. The living area includes a grand fireplace with custom built-ins, while the formal dining room is ideal for hosting sophisticated dinner parties.
- Bedrooms and Bathrooms: The residence offers 6 spacious bedrooms and 7 luxurious bathrooms. The master suite is particularly noteworthy, featuring a private balcony, a large walk-in closet, and a spa-like bathroom with a soaking tub, a separate shower, and dual vanities. Each additional bedroom includes its own en-suite bathroom, providing comfort and privacy for all occupants.
- Additional Amenities: The property includes a home theater, a fitness center, and a game room, catering to diverse entertainment needs. The outdoor space is equally impressive, with a beautifully landscaped garden, a large swimming pool, an outdoor kitchen, and multiple seating areas perfect for hosting gatherings and enjoying the California weather.
The Record-Breaking Sale
Context of the Sale
The sale of W5233 Moonlight Way Elk Grove 95758 is remarkable for several reasons. Prior to this transaction, the record for the highest sale in Elk Grove was held by a property that sold for $3,900,000. The sale of W5233 Moonlight Way not only surpassed this record but also established a new benchmark for luxury home prices in the region.
Factors Contributing to the Record Sale
- Exceptional Features and Condition: The property’s exceptional design, high-end finishes, and pristine condition were significant factors in its record-setting sale price. The attention to detail and the quality of materials used throughout the home contributed to its premium value.
- Prime Location: Situated in a highly desirable neighborhood, W5233 Moonlight Way benefits from its proximity to top-rated schools, parks, shopping centers, and major transportation routes. The area’s reputation for safety and community amenities adds considerable value to the property.
- Market Demand: The growing demand for luxury homes in Elk Grove has driven up property values. The sale of W5233 Moonlight Way reflects this trend, as buyers are increasingly interested in high-end properties that offer both comfort and prestige.
- Economic Conditions: Favorable economic conditions, such as historically low interest rates and a robust local economy, have contributed to rising property prices. These conditions create an attractive environment for high-net-worth individuals seeking premium real estate.
- Unique Selling Points: The property’s unique selling points, including its expansive design, high-quality amenities, and prime location, set it apart from other luxury homes. The combination of these features created a compelling value proposition for buyers.
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Implications for the Elk Grove Real Estate Market
Setting a New Benchmark
The sale of W5233 Moonlight Way Elk Grove 95758 establishes a new benchmark for luxury real estate in Elk Grove. This record-setting transaction signals a shift in the market, with higher expectations for luxury properties in the region.
- Influence on Future Sales: The sale is likely to influence future transactions in the area. Homeowners and developers may use this sale as a benchmark when pricing their properties, potentially leading to higher valuations for other luxury homes.
- Increased Market Attention: The high-profile nature of this sale has attracted attention from buyers and investors alike. The increased visibility may lead to a surge in interest and competition for similar properties in the region.
Impact on Property Values
The record sale of W5233 Moonlight Way is expected to have a significant impact on property values throughout Elk Grove. As luxury homes become more sought after, other properties in the high-end segment may also see increased valuations.
- Rising Home Prices: The success of this sale may contribute to a general rise in home prices within the luxury segment. Buyers may be willing to pay more for properties that offer comparable features and amenities.
- Market Dynamics: The transaction highlights evolving market dynamics, with luxury properties gaining prominence and commanding higher prices. This shift reflects broader trends observed in real estate markets across the country.
Future Trends
The sale of W5233 Moonlight Way may influence future trends in luxury real estate:
- Increased Development: Growing demand for luxury homes may encourage developers to invest in new projects that cater to high-end buyers. This could result in the development of more luxury properties in Elk Grove.
- Changes in Buyer Preferences: As luxury real estate continues to attract attention, buyer preferences may evolve. Features that were once considered premium may become standard, and new amenities may emerge as desirable.
- Greater Competition: Increased market interest could lead to greater competition for luxury properties. Buyers may need to act quickly and make competitive offers to secure high-end homes.
FAQs
What is the significance of the largest home sale W5233 Moonlight Way Elk Grove 95758?
Ans: The sale of W5233 Moonlight Way Elk Grove 95758 is significant because it has set a new record for the highest sale price ever achieved for a home in Elk Grove. This milestone highlights the property’s exceptional value and the growing demand for luxury real estate in the area.
What features contributed to the record-breaking sale of W5233 Moonlight Way?
Ans: Key features contributing to the record-breaking sale of W5233 Moonlight Way Elk Grove 95758 include its expansive design, high-end finishes, state-of-the-art amenities, and its location in a desirable neighborhood with excellent schools, parks, and amenities.
How has the largest home sale affected the Elk Grove real estate market?
Ans: The sale has set a new benchmark for luxury properties in Elk Grove, potentially leading to higher property values and increased interest from buyers and investors. It reflects a shift in market dynamics and the growing appeal of high-end real estate.
What factors drove the record sale price of W5233 Moonlight Way?
Ans: The record sale price of W5233 Moonlight Way Elk Grove 95758 was driven by exceptional property features, a prime location, strong market demand, and favorable economic conditions. These factors combined to create a compelling value proposition for buyers.
What are the future implications of this record-setting sale?
Ans: The sale of W5233 Moonlight Way Elk Grove 95758 is likely to lead to increased property values, greater competition for luxury homes, and potential changes in buyer preferences. It may also influence future market trends and encourage further investment in high-end real estate.
