211 El Rio DR, Lakeway TX 78734

Based on 7 closed sales in LAKEWAY, the data points to a value around $638,668 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $515,000 to $525,000. This home's position in the current LAKEWAY market: the most expensive of 4 comparable homes on the market among comparable properties. Being built in 1981 (5 years older than comps) is factored into the value estimate. Lot size matters here: 0.34 acres versus 0.37 for the typical comp. 4 similar homes are currently available in LAKEWAY, creating a balanced market for this price range. Market data shows LAKEWAY prices fallen 16.7% over the last half year. The closest comparable sale, 105 Palos Verdes DR, Lakeway TX 78734 at an adjusted $801,998, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in LAKEWAY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group