512 Dragon, Lakeway TX 78734

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $591,665. I'd recommend coming to market at $682,000 to $721,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in LAKEWAY, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.40 acre lot (larger than the 0.36 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in LAKEWAY, ranging from $574,900 to $795,900. The trend in LAKEWAY shows prices have risen 0.5% in the past 6 months. 605 Flamingo BLVD, Lakeway TX 78734 nearby adjusts to $503,972; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group