102 Far Vela LN, Lakeway TX 78734

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,276,818. I'd recommend coming to market at $959,000 to $969,000 to strike the right balance between value and market velocity. Against 3 similar active listings in 78734, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (236 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.00 acre lot (larger than the 0.55 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in 78734, ranging from $949,000 to $1,650,000. The trend in 78734 shows prices have fallen 5.9% in the past 6 months. 60 Tiburon DR, The Hills TX 78738 nearby adjusts to $1,307,083; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group