513 Flamingo BLVD, Lakeway TX 78734

After reviewing 7 recent transactions in LAKEWAY, I estimate this property's value at $1,084,066. A competitive list price for this home right now would fall in the $1,229,000 to $1,242,000 range. This pricing would rank the home as the most affordable of 6 comparable homes on the market in LAKEWAY's current inventory. Being 129 sqft smaller than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.35 acres versus the area average of 0.38) contributes to the valuation. Current inventory shows 6 comparable homes in LAKEWAY; a buyer's market based on recent absorption. Prices in LAKEWAY have fallen 9% over the last 6 months. A similar home at 511 Duck Lake DR, Lakeway TX 78734 carries an adjusted comparable value of $862,041, providing a strong data point. The comp data here (7 sales in LAKEWAY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus