601 Explorer, Lakeway TX 78734

Based on 7 closed sales in LAKEWAY, the data points to a value around $1,130,743 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,111,000 to $3,545,000. This pricing would rank the home as the most affordable of 4 comparable homes on the market in LAKEWAY's current inventory. At 4,649 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.60 acres versus 0.43 for the typical comp. With 4 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. Market data shows LAKEWAY prices fallen 13.5% over the last half year. The closest comparable sale, 107 Firebird CV, Lakeway TX 78734 at an adjusted $1,624,373, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in LAKEWAY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group