504 Padres Place, Lakeway TX 78738

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,443,962. I'd recommend coming to market at $1,038,000 to $1,048,000 to strike the right balance between value and market velocity. Against 3 similar active listings in SERENE HILLS &, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (210 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a standout feature, with 3 of 7 comparable homes not offering one. Current inventory shows 3 comparable homes in SERENE HILLS &; a buyer's market based on recent absorption. The trend in 78738 shows prices have fallen 2.7% in the past 6 months. 703 Serene Estates DR, Austin TX 78738 nearby adjusts to $1,689,500; with a larger floor plan. Based on 7 relevant data points in SERENE HILLS &, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX