200 Lakeshore DR, Dripping Springs TX 78620

After reviewing 3 recent transactions in 78620, I estimate this property's value at $597,236. A competitive list price for this home right now would fall in the $508,000 to $518,000 range. Relative to what's currently available in 78620, this home would be the most expensive of 2 comparable homes on the market. The smaller floor plan (269 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (2.51 acres versus the area average of 2.60) contributes to the valuation. Buyers in 78620 have 2 comparable options right now, with asking prices between $549,900 and $575,000. Prices in 78620 have fallen 5.7% over the last 6 months. A similar home at 32139 Mirela Anne RD, Dripping Springs TX 78620 carries an adjusted comparable value of $564,235, providing a strong data point. With 3 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group