505 Highlander ST, Lakeway TX 78734

The estimated value of this property is $1,302,956, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,102,000 and $1,112,000. With 4 comparable homes on the market in LAKEWAY, this price positions the property as the most expensive of 4 comparable homes on the market. The smaller floor plan (216 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.71 acre lot (larger than the 0.45 acre average) is reflected in the estimate. With 4 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. Recent trends in LAKEWAY show home values have fallen 4.9% since 6 months ago. The most comparable recent sale is 604 FLAMINGO CV, Lakeway TX 78738, with an adjusted value of $1,172,646; with a larger floor plan. Based on 7 relevant data points in LAKEWAY, 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