Luxe Austin Homes - amenities

"HOA Fees Are On the Rise—Does It Make Sense To Buy a Home With Monthly Dues?"

Realtor.com writes, "You’re looking through homes online and spot one you love. It looks great, it’s the perfect size, and the price is right. You scroll down to see it has a homeowners association with dues that total $150 a month. Do you click away as fast as you can? Or are you impressed?

Many buyers wonder if they should avoid, or seek out, real estate with an HOA. On one hand, HOAs can be expensive and buyers who’ve been scrimping and saving to afford a home probably won’t look kindly on the extra monthly fee. On the other hand, HOAs can do a lot of good, like taking the stress off of home and yard maintenance.

Amber Brown, a real estate broker in Waco, TX, notes that HOAs can keep neighbors in check, as well.

“I’ve seen homeowners build…

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"Construction to gain steam at luxury Lake Travis master-planned community Thomas Ranch"

Austin Business Journal reports, "The expansive Thomas Ranch luxury housing development on Lake Travis has secured $106 million in financing for construction of infrastructure and initial homes in the master-planned community.

Thomas Ranch developers Areté Collective and the Wasatch Group will use the loan, underwritten by D.A. Davidson’s Development Finance Group, to complete roadwork, water and wastewater treatment plants and other infrastructure at the 2,200-acre development along State Highway 71 near Spicewood, according to a Dec. 3 announcement. The financing also will support construction of the first homes in Loraloma Private Club & Estates, a luxury enclave within Thomas Ranch where homes and homesites are now available.

At full…

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"The advantages of sustainable living in East Austin’s Whisper Valley"

CultureMap Austin writes, "Named Austin’s 2023 Master-Planned Community of the Year by the Home Builders Association of Greater Austin, Whisper Valley is a 2,063-acre community focused on sustainability, healthy living, technology, and affordability. Developed by Taurus Investment Holdings, this innovative community has created the blueprint for residential master-planned communities of the future.

Located on rolling terrain in East Austin, Whisper Valley homes are extremely energy efficient, tech-savvy and served by Google Fiber and AT&T 5G Fiber, offering future-proof homes that are zero energy-capable.

Whisper Valley is powered by the innovative EcoSmart Solution, a green energy supply system that uses a GeoGrid to harness the renewable…

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"First look: Downtown's Modern Austin Residences"

Austin Business Journal shares, "Rainey Street’s latest addition to the downtown Austin skyline has reached its maximum height.

The Modern Austin Residences, a 56-story condo tower, has topped out, according to an announcement. There’s still plenty of work left before it opens — a trip to the tower’s upper floors still requires hopping into an exterior construction elevator — but with the its structural framework complete, the nearly sold-out tower is expected to welcome residents in early 2025.

The tower is being developed by Austin-based Urbanspace, which also is handling sales, marketing, interior design and ground-floor retail operations. Urbanspace will establish its new office in the tower, said Kevin Burns, Urbanspace CEO and founder.

…

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"750-plus homes headed to Elgin to continue housing boom"

Austin Business Journal shares, "Elgin’s housing boom is set to continue after City Council approved an amendment to a previously approved development agreement that will allow the developer to build more dense housing in an upcoming master planned community.

The original development agreement for Southside Meadows, as the development is called, was approved in May 2023 and would have seen 526 single-family homes built, but that number has swelled to 763 with the amendment approved Sept. 3, according to the meeting agenda. The homes are being planned as developers descend upon Elgin to build thousands of new homes.

Developer Hariharan Kuppuraj owns the 174 acres where the master-planned community will be built along County Line Road, just south…

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"Tower on West Sixth Street nears completion"

Austin Business Journal shares, "Another West Sixth Street tower is approaching the finish line.

ATX Tower, formerly known as 321 West, will open in the fourth quarter this year after topping out in May, according to an announcement. The 58-story tower will add hundreds of apartments and a big chunk of office space to downtown, much like Sixth and Guadalupe, which opened earlier this year and is located across the street from it.

ATX Tower is being co-developed by Ryan Companies US Inc. and Tishman Speyer Properties LP, the latter of which came on board in 2021.

In total, ATX Tower, located at 321 W. Sixth St., is 425,000 square feet. Floors two through 11 are dedicated to parking. Floors 14 through 19 consist of more than 100,000 square feet…

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"New micro home neighborhood could help with affordability"

Austin Business Journal shares, "A development of over 200 “micro homes” is coming to San Marcos soon. 

Earlier this month, Casata broke ground on what will be a community of 210 tiny homes ranging from 500 to 800 square feet. Casata CEO Aaron Levy said this will be the largest community of micro homes in the region and potentially in the U.S. 

The community, which is about three miles north of San Marcos, will have several dog parks, six acres of trails and park space, a pool, a gym and much more. Levy said people will likely move into the new neighborhood in summer 2025.

Our partners at KXAN News have more here on Casata's micro-home project.

In 2021, the Austin Business Journal reported on plans by Casata, an Austin-based startup,…

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"Affluent House Hunters in Austin, Texas, Are Finding an Opportunity—and ‘Even a Deal’"

Mansion Global writes, "Once the poster child for the pandemic housing boom, Austin, Texas, is seeing some of the nation’s steepest price declines for luxury homes, coupled with a growing supply of listings.

Luxury house hunters are now facing less competition and far more choice than even a year ago, marking an opportunity to buy before demand overwhelms supply again. There were 20% more luxury listings on the market in the greater metro area in the first quarter than a year ago, according to data from Realtor.com, which defines luxury as the top 10% of the market by listing price. 

“I have not seen this much great inventory in Austin in a long time, even since before the pandemic,” said luxury real estate agent Kumara Wilcoxon of Kuper…

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"The Vesper Condo Tower Wraps Up in Downtown Austin’s Rainey Street District"

TOWERS writes, "The 41-story Vesper condo tower is now complete in the Rainey Street District of downtown Austin, with its first phase of move-ins kicking off this week. According to developers Pearlstone Partners and sales agency Prospect Real Estate, the building is currently 67 percent sold. The 452-foot tower broke ground in the summer of 2021, situated on a small 0.4-acre site at the edge of the neighborhood at 84 East Avenue, pretty tightly hemmed in on three sides by the Camden Rainey Street apartment building and a famously garish Homewood Suites. 

It’s just one of a forest of towers now rising in the Rainey District, with the perspective of the aerial shot below showing not one, not two, not three, but four separate tower projects underway…

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"Work begins on development that could bring nearly 3,000 homes to Hutto"

Austin Business Journal writes, "Thousands of homes are headed to Hutto, where Houston-based Empire Continental Land LP is building a sprawling new neighborhood.

Empire Continental Land, the Texas land division of residential builder and developer Empire Communities, announced March 18 that work had begun on the project. Flora, as it is called, will rise on more than 800 acres and have nearly 3,000 homes once complete. It’s yet another example of massive neighborhoods sprouting in largely rural areas of the metro as Samsung Electronics Co. Ltd., Tesla Inc. and other companies expand in the region and spur population growth.

“Hutto is in a period of dynamic growth for both businesses and residential communities,” said Steve Sellers, president of…

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