Found 401 blog entries tagged as austin.

Homes in Brentwood Heights range from about $1.6 million to $1.9 million. CASCADE HOMES / URBANE ROOST

Austin Business Journal writes, "a handful of new luxury homes have started hitting the market in Central Austin’s Brentwood neighborhood.

Brentwood Heights, as the community is called, is a 1.4-acre, eight-home co-development from Cascade Homes and Urbane Roost, and the luxury residences come with a hefty price tag: $1.6 million to $1.9 million, according to an Aug. 17 announcement.

It's a price point that even those already living in Brentwood may struggle to afford. But new luxury homes for sale right beside older and cheaper properties is the direction Austin is trending in, Ashley Jackson, 2023 president of the Austin Board of Realtors. The Brentwood area is located a few miles west of where U.S. Route 183 meets I-35.

Two of the homes…

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Median home prices dropped to $462,000 in the Austin-Round Rock region in July. Photo by André François McKenzie on Unsplash

CultureMap Austin writes, "real estate experts now have a much clearer picture regarding the resilience shown in Austin's housing market. The latest Austin Board of Realtors' (ABoR) report revealed that July 2022 was when the Austin-Round Rock housing market initially started stabilizing. If current trends continue, ABoR says 2023 will have a "strong finish."

"We now have a direct year-over-year comparison of when our market began stabilizing, and the big fluctuations we’ve previously seen have started to even out," said 2023 ABoR president Ashley Jackson in the report. "Potential buyers who have been on the fence about purchasing a home should know interest rates are settling, and now is the time to act."

Even with interest rates beginning to…

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Illustration: Maura Losch/Axios

AXIOS Austin reports, "in an effort to recruit and retain teachers amid the city's rising cost of living, Austin ISD is trying something new: building housing.

  • It's part of a national trend of school districts working to help chronically underpaid teachers afford to live where they teach.

Driving the news: Within 12 months, the district plans to choose developers, who will construct and manage two residential complexes with 600 units on unused district land.

  • It plans to lease the former Ana Ferrales Coy Facility and former Rosedale Elementary School to developers who will be able to leverage its property tax-free status to keep rents affordable, Austin ISD director of real estate Jeremy Striffler tells Axios.
  • They'll be…

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Wildhorn Capital LLC plans to redevelop The Patten, a South Austin apartment complex located near East Riverside Drive. RPM LIVING

Austin Business Journal shares, "Austin-based real estate investment firm Wildhorn Capital LLC is moving forward with plans to redevelop hundreds of South Austin apartments. It could quadruple the number of residences on the site, potentially bringing more change to a busy pocket of the city and ramping up the debate over affordable housing.

The company wants City Hall to rezone the 530 units at 2207 Wickersham Lane and 2239 Cromwell Circle, which appear to be complexes called Hillside Villas and The Patten, and raise the site's building height limit from 40 feet to as high as 120 feet. The change would clear the way for the boutique investment firm to create 2,100 apartments in an area close to downtown, Austin-Bergstrom International Airport and…

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Culture Map Austin writes, "despite already being one of the sleeker areas in Austin, The Domain is getting a facelift. The giant outdoor mall and residential area is planning a multi-phase, multimillion-dollar renovation over the next two years.

The Domain has been around longer than many Austinites may realize, given how fast stores, workspaces, and restaurants are popping up in the surrounding area. But after 15 years, it's time to do some maintenance, starting with the exterior facades.

According to a news release, the goal of this first phase is to make sure the exterior holds up to the caliber of luxury shops The Domain is now attracting. This may not mean much for the casual observer, but people who for live, work, or shop at The Domain,…

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Turner’s Crossing is a master-planned community located about 10 miles south of downtown Austin. MERITAGE HOMES OF TEXAS LLC

Austin Business Journal writes, "Meritage Homes of Texas LLC continues to expand its Turner's Crossing neighborhood in far South Austin.

More homes could soon rise in the neighborhood off Turnersville Road, in Austin's extraterritorial jurisdiction near the city of Buda. Austin's Planning Commission on Aug. 8 recommended to City Council the approval of the third phase of Turner's Crossing.

Meritage is seeking a final plat for 267 new single-family lots on more than 41 acres, south of the State Highway 45 toll road.

It would be another step forward for what what's planned as a large community about 10 miles south of downtown Austin. If fully constructed, the development could have more than 1,300 single-family homes on 468 acres, Austin…

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Rendering of a Landsea Homes build in the New Braunfels master-planned community of Vintage Oaks. LANDSEA HOMES

Austin Business Journal reports, "months after relocating its headquarters to North Texas from Southern California, a national homebuilder is erecting residences in one of Central Texas’ most explosive cities.

Dallas-based Landsea Homes (Nasdaq: LSEA) purchased 84 lots to build on within Liberty Hill’s sprawling 688-acre Lariat neighborhood — developed by Liberty Hill-based Randolph Texas Development LLC — the homebuilder announced Aug. 3.

Landsea, which announced its corporate relocation to Dallas in March, now has more than 1,000 homes planned for cities surrounding Austin. And, according to Landsea’s website, Central Texas is the state’s only region Landsea has projects being worked on in.

Landsea’s offerings within Lariat will be varied,…

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Bill and Sara Kauffman listen to Realtor George Castillo during a tour of a Southwest Austin home. (Nell Carroll/Community Impact)

Community Impact Austin writes, "even as Southwest Austin remains among the most desirable and pricier areas of the metro to buy or rent, local data points to the housing market settling down after a recent burst of activity.

Movement toward a more balanced market has been underway since last year with observers crediting broader trends, such as rising interest rates, lasting inflation and more mild job growth, for spurring the changes. Every month in 2023 has seen local homes priced well below 2022 levels and taking longer to sell.

The days of new home listings drawing crowds and selling rapidly are not entirely over, some real estate experts said. Generally, they said buyers now have a better chance to explore their options thanks to narrowing…

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Balcones Point PUD could see 130 homes and 9,000 square feet of retail space rise off Ranch Road 620. SCREENSHOT OF CITY OF LAKEWAY DOCUMENTS

Austin Business Journal reports, "Lakeway City Council must decide whether to rezone a 33.9-acre tract and clear the way for a largely residential community in the city.

At an Aug. 2 meeting, Lakeway’s Zoning and Planning Commission voted unanimously to recommend the rezoning to Council. The proposed change would see the tract switch from single-family temp zoning to a planned unit development, according to the meeting agenda.

Housing developer Cascade Homes LLC made the rezoning request for the Balcones Point PUD on behalf of the property owners, the MB Winborn Trust and Gregory & Kenneth Winborn Irrevocable Trust.

It was not clear when Council could vote on the rezoning. It typically meets on the third Monday of each month.

If built, the…

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The preserve will be open to the public on a limited basis and will offer guided nature hikes, cave talks, bird watching and other public events. RICH KOSTECKE, COURTESY OF HILL COUNTRY CONSERVANCY

KXAN shares that, "the Hill Country Conservancy is poised to open a 1,205-acre nature preserve in Williamson County, following a donation from an anonymous landowner.

The land is described as “ecologically sensitive” and was given to the nonprofit conservancy “to be used for conservation, research, educational outreach and public recreation,” per a Tuesday release. Named the Pecan Springs Karst Preserve, the land sits within the Edwards Aquifer Recharge Zone at the onset of the Texas Hill Country, located five miles west of Jarrell.

The land features limestone caves and sinkholes and is home to several endangered species, including Salado salamanders, golden-cheeked warblers and tricolored bats.

“Pecan Springs Karst Preserve is by far the…

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