Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,203,404. I'd recommend coming to market at $1,102,000 to $1,133,000 to strike the right balance between value and market velocity. 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 larger floor plan (320 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2017, this home is 7 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. The trend in LAKEWAY shows prices have risen 10.9% in the past 6 months. 125 Clubhouse DR, Lakeway TX 78734 nearby adjusts to $1,070,802; with a smaller floor plan and a pool. With 6 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