211 El Rio DR, Lakeway TX 78734

Based on 7 closed sales in LAKEWAY, the data points to a value around $629,873 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $653,000 to $707,000. This home's position in the current LAKEWAY market: the 4th most expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (135 sqft vs the comp average) plays a role in how the market prices it. Being built in 1981 (5 years older than comps) is factored into the value estimate. 7 similar homes are currently available in LAKEWAY, creating a buyer's market for this price range. Market data shows LAKEWAY prices fallen 15.9% over the last half year. The closest comparable sale, 105 Palos Verdes DR, Lakeway TX 78734 at an adjusted $801,861, 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