Introduction
The sale of W5233 Moonlight Way in Elk Grove, CA, has captured significant attention in the local real estate market, establishing itself as the largest home sale in the 95758 ZIP code. The sprawling estate, known for its luxury and modern amenities, offers more than just a remarkable residence—it marks a key moment for high-end real estate in Elk Grove, setting new benchmarks in both price and prestige.
Location and Neighborhood
Elk Grove is widely recognized for its family-friendly atmosphere, top-rated schools, and easy access to Sacramento, making it a desirable location for buyers. W5233 Moonlight Way is located in a peaceful, well-maintained neighborhood known for its lush landscapes and suburban charm. The property is within close proximity to Franklin High School, one of the area’s top educational institutions, as well as shopping centers like Laguna Crossroads and major highways that connect directly to downtown Sacramento. This blend of suburban serenity and urban convenience adds to the home’s appeal for buyers seeking both luxury and practicality.
Property Overview
W5233 Moonlight Way is an exceptional estate that combines modern design with timeless architectural elements. The home boasts over 5,000 square feet of living space, making it one of Elk Grove’s largest residential properties. Set on a beautifully landscaped lot, the property offers exceptional privacy along with abundant outdoor space for relaxation and entertaining.
Key Features:
- Bedrooms and Bathrooms: The home features 6 spacious bedrooms and 5.5 bathrooms, each designed with privacy and comfort in mind.
- Living Spaces: The multiple living areas include a formal dining room, a family room with a fireplace, and a state-of-the-art media room, offering plenty of space for entertainment and leisure.
- Gourmet Kitchen: The heart of the home is its stunning gourmet kitchen, equipped with professional-grade appliances, including a Sub-Zero refrigerator and a Wolf double oven. The spacious marble island and custom cabinetry create an ideal setting for casual meals as well as elegant entertaining.
- Outdoor Amenities: The backyard serves as a private oasis with a swimming pool, spa, outdoor kitchen, and a covered patio, allowing for year-round enjoyment.
The architecture and features of this property not only cater to luxury living but also provide the modern conveniences and sustainability features that today’s buyers are seeking. The home is equipped with smart home technologies, such as programmable thermostats and integrated security systems, and energy-efficient fixtures, including solar panels, which add to the appeal for environmentally conscious buyers.
The Significance of the Sale
The sale of W5233 Moonlight Way is notable for more than just its grandeur; it also sets a new record as the largest home sale in Elk Grove’s 95758 ZIP code by sale price, a metric that establishes this property as a landmark in the local luxury real estate market. The property sold for $3.5 million, a figure that not only surpasses previous high-end home sales in the area but also reflects the rising demand for luxury properties in Elk Grove.
Previously, the largest sale in the area was a 4,500-square-foot home on [Street Name], which sold for $2.8 million in 2021. This latest transaction not only eclipses that record but sets a new standard for high-end real estate in the region.
Market Impact and Future Influence
Elk Grove’s real estate market has been experiencing steady growth, with home prices increasing by approximately 10% over the past year. This upward trend is particularly noticeable in the luxury sector, where demand is being driven by buyers seeking larger homes with premium amenities. Out-of-state buyers, as well as local residents looking to upgrade, have contributed to this surge in demand.
According to recent data from Zillow, the luxury home market in Elk Grove has seen a 15% increase in value, compared to a 10% rise in the general market. This sale not only reflects these growing trends but is likely to influence future luxury developments and transactions in the area. Local developers may now prioritize building larger, more feature-rich homes to cater to the increasing demand for high-end properties.
Factors Contributing to the Sale
Several key factors contributed to the success of this record-breaking sale:
- Property Features: The combination of expansive living space, prime location, and luxury amenities made W5233 Moonlight Way highly desirable to a specific demographic of buyers.
- Market Conditions: The Elk Grove market has been on an upward trajectory, driven by limited inventory and strong buyer demand, especially for properties that offer both space and high-end amenities.
- Effective Marketing Strategy: The sale was expertly handled by [Agent Name] from [Real Estate Agency], who employed a cutting-edge marketing strategy that included high-definition virtual tours, professional staging, targeted social media advertising, and exclusive private showings. These efforts ensured that the property reached the right audience and maximized its visibility among qualified buyers.
Challenges and Considerations
While this sale highlights the strength of the luxury market in Elk Grove, it’s important to acknowledge potential challenges that could affect future transactions. Rising interest rates and economic uncertainties may temper the rapid growth in the housing market. However, the sale of W5233 Moonlight Way proves that there remains strong demand for high-end properties, especially those that offer premium features and modern conveniences.
Testimonials and Buyer Insights
Personal anecdotes from those involved in the transaction further underscore the property’s appeal. The buyer of W5233 Moonlight Way, [Buyer Name], shared their experience:
- “We were immediately drawn to the spacious layout and outdoor amenities, which are perfect for entertaining our family and friends. The location in a quiet, yet accessible, neighborhood made it the ideal home for us.”
These insights not only add a personal touch to the sale but also highlight why properties like this one are so attractive to luxury home buyers.
Conclusion
The sale of W5233 Moonlight Way is a landmark moment for Elk Grove’s real estate market, setting new standards for luxury living in the 95758 ZIP code. With its record-breaking sale price of $3.5 million, expansive design, and modern amenities, this home exemplifies the growing demand for premium properties in the region. As the largest home sale in the area, it is likely to influence future real estate trends and developments, solidifying Elk Grove’s place as a competitive market for high-end homes.
For buyers, sellers, and real estate professionals alike, the sale of W5233 Moonlight Way is a testament to the rising value and appeal of Elk Grove’s luxury market.