Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $667,709. To generate strong buyer interest while maximizing value, I'd price this between $557,000 and $567,000. In the current LAKEWAY market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 0.30 acres, the lot is smaller than the 0.33 acre comp average, which factors into pricing. The active market in LAKEWAY includes 7 comparable homes priced from $574,900 to $899,000. The trend in LAKEWAY shows prices have fallen 10% in the past 6 months. 300 Explorer, Lakeway TX 78734 nearby adjusts to $664,261; a strong comparable. 7 comparable transactions in LAKEWAY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group