315 Explorer, Lakeway TX 78734

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,315,360. To generate strong buyer interest while maximizing value, I'd price this between $1,048,000 and $1,058,000. With 5 comparable homes on the market in LAKEWAY, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. This home's larger footprint (130 sqft vs the comp average) plays a role in how the market prices it. At 0.48 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in LAKEWAY, listed between $974,999 and $2,550,000. The trend in LAKEWAY shows prices have fallen 13.5% in the past 6 months. 704 Bermuda ST, Lakeway TX 78734 nearby adjusts to $1,439,047; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group