A nearly nine-acre estate in Austin that was last listed for $38.9 million just sold to an unknown buyer, breaking the city's record for the most expensive home sale ever, V.L. Hendrickson reported for Mansion Global.
The seven-bedroom house sold in an off-market deal to a buyer who wished to remain anonymous, listing agent Kathryn Scarborough of Engel & Völkers Austin told Insider. Scarborough said she could not disclose the closing price but confirmed it was the priciest deal in the Texas city's history. In Texas, property sale prices are not public record.
The 8.8-acre property sits on the shores of Lake Austin, about 10 miles from downtown Austin, according to a previous listing. It includes more than 665 feet of water frontage on the lake as well as a private lagoon, an outdoor infinity pool, and a three-story guest house that resembles a glass box and was once featured in Architectural Digest.
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The glass-walled main residence is made up of two wings on either side of a central courtyard, with a 1,000-square-foot great room that's enclosed by glass on both sides.
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"There are hourlong lines to get into some open houses, and multimillion-dollar mansions in posh neighborhoods are trading hands in off-market deals," Solo-Lyons wrote.
In the ZIP code where Austin's recently sold priciest home sits, the typical home value is more than $1.3 million - up nearly 17% from this time last year, according to Zillow.
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