Luxe Austin Homes - community

"‘Incentives Come in Many Forms’: Here Are Ways To Lower Your Mortgage Rate, According to This Mortgage Company CEO"

Realor.com writes, "mortgage rates are double where they were a year ago, making home buying a much more costly endeavor. Home sellers are trying to help them out.

Buyers are not feeling the market, depressing mortgage demand. Rates are hovering at around 7%, which adds hundreds of dollars in additional monthly payments for prospective buyers’ budgets.

Even though the number of for-sale homes is growing, they’re still expensive, creating affordability issues for buyers.

Some builders and sellers are getting more creative, and offering ways for potential home buyers to lower their mortgage rate and monthly payments.

“There are programs out there today, like something called a 2-1 buydown or a 3-2-1 buydown,” Michael Isaacs, the CEO of GO…

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"Wildhorse Ranch to expand near Manor"

Austin Business Journal writes, "another undeveloped chunk of land has taken a step toward becoming single-family homes in Northeast Austin.

During the Oct. 25 meeting of the Austin Planning Commission, the preliminary plan for Pinnacle at Wildhorse Ranch gained approval to divide 60 acres into 57 lots within the city’s Gilleland Creek watershed.

The approval represents an expansion to Wildhorse Ranch that has risen on 1,450 acres next to the newly requested expansion.

The development is a product of Austin-based Dwyer Realty Companies, led by longtime developer Pete Dwyer, and the request and the preliminary plan were presented to the commission by Kevin Burks, a civil engineer at the design consulting firm Kimley-Horn.

Dwyer Realty did…

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"Novak Brothers Breaks Ground on Austin Luxury Apartments"

According to Multi-Housing News, "Novak Brothers Development has broken ground on Rise510, a 301-unit luxury garden-style component of its master-planned Wolf Lakes Village development. The community will be located in Georgetown, Texas, with construction expected to be completed in the summer of 2024.

Rise510 will be built on 12 acres of the 164-acre European-inspired village, and will host a mix of apartment homes and townhouses, according to the developer’s website. The development’s amenities include a fitness center, swimming pool, community park and private, resident-only parking spaces. The greater Wolf Lakes Village hosts landscaped park space, private lakes, an outdoor amphitheater, hiking trails and an ice-skating rink. The community’s…

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Austin company taking tiny home rentals to San Antonio

Austin-based Casata Corp., a developer of small home rental communities, is turning its gaze on San Antonio as it expands across the rest of Texas.

The company, founded in 2020 by developer Aaron Levy, is scouting five locations around San Antonio for a 200-unit community of built-to-rent homes with floor plans ranging between 400 and 800 square feet.

"We like cities where jobs are being created," Chief Operating Officer Zain Mahmood told San Antonio Business Journal.

The company also looks at the entertainment and shopping options nearby.

Mahmood, who was introduced to Levy through mutual friends and brought on as co-founder, said that when the group set up its pilot project, Casata Austin, the community was 82% leased before construction…

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Tens of millions of dollars of new homes rising in small neighborhood

Five local architecture firms will showcase their designs in a high-end residential development coming to West Lake Hills.

Custom homebuilder Foursquare Builders LLC announced Sept. 7 it will build an enclave of six ultra-luxury homes in the tony suburb west of downtown Austin, designed by five renowned firms. The development, called the Wildcat Club, will have home prices starting at $11.75 million. All of the home listings in the development are with Darin Walker of Kuper Sotheby’s International Realty.

"The vision was to develop this parcel where we can bring a very select group of architects to work with us on these six properties, so that we have a community of architecturally significant homes that are held to a standard that’s…

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Gearspace Rolls into Austin, TX

Today, Gearspace announces the launch of their 6-acre development of 68 multi-purpose, individually owned, customizable garage condos for personal use. Nestled in the Texas Hill Country, Gearspace is a destination for collectors, gearheads, tinkerers, builders, and hobbyists looking to store and enjoy their favorite gear with a community of like-minded individuals.

“We are thrilled to offer Gearspace owners more than a storage space but a place to house prized possessions and to escape to, all while being part of a community with other enthusiasts. Gearspace premium garage condos can be customized to the owner's needs and design aesthetic – collecting cars, storing wine, or working on your RV or boat,'' said Ray Frigo, Principal at Gearspace.…

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Crane Watch: High-rise hotel to replace bar previously called Russian House; Tesla plans another Austin store

Indiana-based White Lodging is gearing up to develop a 269-room high-rise hotel at the intersection of Fifth and Trinity streets.

The project, planned at 307 and 311 E. Fifth St., would rise 128 feet and encompass 188,640 square feet, according to public documents.

While White Lodging is developing the project, the owner is listed in public documents as 311 E 5th Series, a subsidiary attached to Finley Company.

The project site is about four-tenths of an acre. The space is currently occupied by low-slung buildings that were once home to the Trinity Hall event venue and House restaurant and bar (formerly Russian House), both of which have closed.

White Lodging declined to discuss more granular details of the development at this time.

In…

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Austin high-rise plans preserve Old Depot Hotel

In Austin, the more things change the more they stay the same.

While Stonelake Capital Partners is about to add another high rise to the Austin skyline, the company is set on preserving the historic Old Depot Hotel next door. This week, the Austin Design Commission recommended the project for a downtown density bonus, which lets buildings rise taller than is typically allowed, the Austin Business Journal reported.

To qualify for the Downtown Density Bonus Program, a project must either incorporate affordable housing or pay a fee. Stonelake has opted for the latter — to the tune of $4.5 million.

The commission vote comes a little over a year after Stonelake first unveiled plans for the site that many know as the old home of Italian…

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As Cedar Park home prices decrease, Leander shows rising costs

Cedar Park is seeing the lowest median home price this year for July as prices in the city continue to drop, while Leander is experiencing the opposite, according to Austin Board of Realtors data.

In July, Leander’s median home price reached $567,455, which is the highest price the city has seen this year. Cedar Park, however, saw the lowest home price in July at $512,500.

Despite Leander seeing a slight upward trend in home prices as the year progresses, ABoR President Cord Shiflet said the housing market is continuing to normalize.

“In every aspect of our market, Realtors are seeing positive signs that Austin’s housing market continues to normalize,” he said. “On top of rising housing inventory, home price growth is much closer to the 4%-5% annual…

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Santa Rita Ranch Named Top-Selling Master-Planned Community in the Austin Area by RCLCO

Santa Rita Ranch, a 3,800-acre historical ranch redesigned as a master-planned community with world-class amenities and spectacular views near Austin, Texas has once more ranked #1 in sales in the Austin-Round Rock area, according to the 2022 RCLCO mid-year report. Santa Rita Ranch also placed 29th in the nation in total sales, up from last year's rank of 33rd.

"We have a top-notch team working hard every day to make sure that Santa Rita Ranch provides the very best possible place to live for all of our many residents," said Santa Rita Ranch Developer Ed Horne, "so recognition like this from an expert group like RCLCO is a wonderful thing. But what we love most is welcoming friendly new faces to our master-planned community, which is why we're so…

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