Luxe Austin Homes - lake travis

"Upscale homes still on rise in Lake Travis-Westlake as real estate market returns to normal"

Community Impact Austin writes, "while many areas in the Hill Country are built out, including West Lake Hills and Rollingwood, the Lake Travis area still has many high-end residential real estate developments in the works.

Residential developments continue to be a significant area of focus in Bee Cave, Lakeway and Spicewood.

“In areas like Westlake, there isn’t anymore land—everything’s developed, so there isn’t room for new construction,” said Michelle Jones, a real estate agent for Grossman & Jones in Bee Cave. “We’re fortunate in our market in Lake Travis because we have land going out toward [Hwy.] 71.”

Jones said although there are a couple of multifamily developments in the area, single-family homes, often associated with a plethora of…

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"Housing market cools in Lake Travis-Westlake"

Community Impact shares, "the housing market in the Lake Travis-Westlake area has cooled slightly, according to data from the Austin Board of Realtors' February report.

The median home price fell to $780,000 in February from $850,000 in January, a 5.9% decrease from February 2022.

Active listings in the area have increased from 565 in January to 643 in February, while listings spend more days on the market. On average, active listings were spending 87 days on the market in February compared to 74 days in January.

“Austin’s housing market is trending in the right direction,” ABoR President Ashley Jackson said. “Buyers have more options and negotiating power with each passing month, and sellers have more time to make their next move.”

Prior…

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"Here are 13 places to grab a drink in the Lake Travis-Westlake area"

Community Impact writes, "residents in the Lake Travis-Westlake area live near a variety of wineries, distilleries and beer gardens that craft their own spirits and import them from around the world. This list is noncomprehensive."

Key: Food, Memberships, Kid Friendly

1. 5 Soul Wine Co.

A 10-acre modern winery located in the Spicewood hills, this location has outdoor and indoor seating, TVs and an indoor fireplace. There are pickleball courts and a playground area for kids. This property is shared with brewery and taproom Frontyard Brewing.

Key: Food, Memberships, Kid friendly

4514 Bob Wire Road, Spicewood

512-809-1672

www.5soulwine.com

2. El Gaucho Winery

This is an Argentina-themed winery in Spicewood. In addition to a wine-tasting bar, the location…

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"Austin's hottest real estate stories of 2022: Dramatic market shift and big developments"

CultureMap Austin writes, "as 2022 comes to a close, we're looking back at the stories that defined Austin this year, starting with the red-hot topic of real estate. Following unprecedented growth during the pandemic, Austin's market is poised for a dramatic swing, but that's not all that happened this year. From massive mansions to tall towers and the first "residential winery" in the state, here are the hottest real estate headlines of 2022.

1. $45 million Lake Travis mansion makes a splash as most expensive home for sale in Texas. A Lake Travis estate fit for a celebrity hit the market at $45 million this spring. The property came with big-as-Texas bragging rights, as it was the priciest home on the market in Texas at the time. In 2013, the…

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"New 2,200-acre master-planned community with 'downtown village' on the horizon for Lake Travis"

CultureMap Austin reports, "a new master-planned community is set to take shape in the "wild hills" of Lake Travis. Thomas Ranch, announced December 5 by developer Areté Collective, is coming to Spicewood, with construction set to begin in 2023.

The 2,200-acre project will boast ample housing — approximately 3,500 units are planned — as well as a downtown village, expansive hiking and biking trails, and many other luxe amenities. Its website says "Thomas Ranch is a 2,200-acre master-planned community reimagined to appeal to a new kind of lifestyle."

“Areté is working to create a new frontier when it comes to Lake Travis living,” Rebecca Buchan, Areté Collective's CEO and co-founder, says in a release.

“Our vision for Thomas Ranch is that it…

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"Not just 'another luxury golf community': Thomas Ranch could add thousands of homes, urban node west of Austin"

The Austin Business Journal reports, "a massive master-planned community could be coming to the border of Travis and Burnet counties.

Salt Lake City-based Areté Collective LP announced Dec. 4 plans for Thomas Ranch, a 2,200-acre neighborhood that could rise along State Highway 71 near Spicewood. It would feature a dense urban core that developers hope to anchor with a major grocer, plus thousands of housing units across multiple types of residences and price points, a school, health care options, a resort hotel and a golf course designed by the mind behind the newest addition to the world's oldest course — The Castle Course at Scotland’s St. Andrews Links.

“What we are trying to do is build an inclusive, livable community,” Areté Collective…

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Unique Lake Travis glass home featured on HGTV hits market for $1.2 million

A treehouse-like home near Lake Travis that’s been featured on HGTV can now be yours for $1.2 million.

The 1,653-square-foot house, just south of Hudson Bend at 2803 Manitou Dr., offers two bedrooms, two bathrooms, and plenty of rugged yet modern charm. The home is in the Apace Shores neighborhood.

Highlights of the contemporary home, situated on a half-acre wooded lot, include 30-foot-high glass walls and 11 sets of sliding glass doors. The two-story house, built in 2003 as architect John Allen’s own residence, is one of the few homes in the vicinity that provide private access to the Indian Creek hiking trail.

Allen “believed that the rugged and what many called ‘unbuildable’ lot was the perfect spot to accomplish his vision of living one…

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Real estate experts: Prices not expected to fall any time soon

When Lakeway resident Katie Bigus and her husband started looking for a home near his job on Bee Caves Road, she said they were financially prepared and could be aggressive in their bidding process.

Still, Bigus said, they lost out on their first choice after bidding about $98,000 over asking price with no contingencies and a leaseback to the sellers in the contract.

This has become the status quo, said April Womack, a Realtor with Moreland Properties, who works out of its Lake Travis location.

“It’s a really strange market,” Womack said. “I compare it to gridlock on the highway. Everyone is trying to get somewhere, but traffic just won’t move.”She said while sellers love the equity rising home values have added to their homes, they would pay more to…

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