Luxe Austin Homes - Luxury

"A NEW LEVEL OF LUXURY"

Austin Business Journal writes, "Look, in the air — it's a bird, it's a plane ... actually it's a big pool rising higher than a pool has gone in the history of Texas.

It's also our photo of the week. The penthouse pool at Waterline in downtown Austin has been set. MC Aquatic Construction in Georgetown gets much of the credit. The company is used to installing pools at apartment complexes and even a high-rise or two, but this project was at a completely other level.

The stainless steel pool was manufactured by Bradford Products LLC, and a crew from DPR Construction got it up there in a single bound under the supervision of developers Kairoi Residential and Lincoln Property Co.

Waterline is the tallest tower in all of Texas, with unmatched…

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"WHERE DO RICH PEOPLE LIVE?"

Austin Business Journal writes, "Austin is one of the highest ranked cities when it comes to wealth accumulation, according to several reports.

In this year’s Wealth Edition, we’re taking a closer look at wealth patterns in Central Texas. That includes ABJ’s exclusive list of the region’s wealthiest ZIP codes — a ranking that takes income, home values, education levels and more into account. The list can be found below.

Tracking where the rich live can be difficult — especially when it comes to nailing down the number of billionaires hidden in the lush hills of Central Texas.

Austin can claim at least 11 players on Forbes’ latest list of billionaires. Of course, a person’s true wealth is difficult to nail down in the public realm, so it’s…

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"Surf parks, clear lagoons to surround Austin"

Austin Business Journal writes, "To the north and west, huge Carribbean-like lagoons fit for swimming and paddle boarding. To the south and east, a couple of surf parks.

There are four grand plans to bring big water features to new neighborhoods outside Austin. If they all come to fruition, Austinites can find them in any direction they drive.

The four new neighborhoods — at varying stages of development — have been chronicled in previous ABJ stories.

To the north is Leander Springs, a long-delayed lagoon project that developers said is finally moving forward soon.

Down south, in the tiny suburb of Mustang Ridge, the forthcoming Pura Vida neighborhood promises to deliver surf-worthy waves as the centerpiece for its development.

To the…

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"Construction underway at luxury Lake Travis master-planned community Thomas Ranch"

Austin Business Journal shares, "Construction is underway at the expansive Thomas Ranch luxury housing development on Lake Travis, but there’s still room for custom homebuilders to get involved with the project.

Thomas Ranch developers Areté Collective and the Wasatch Group secured a $106 million loan to finance infrastructure and initial home construction in the master-planned community late last year and have been making headway on the development’s first phase, called Loraloma, said Joe Rentfro, the project's managing director.

Homes should start rising soon in that section, Rentfro said, and its golf course, designed by David McLay-Kidd, should be playable later this year.

At full build-out, the 2,200-acre Thomas Ranch, which is situated…

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"Forget $1M: These ZIP codes have seen their average home price soar past $2M"

Austin Business Journal writes, "Nick Wemyss saw firsthand how the Covid-19 pandemic fundamentally reshaped the luxury housing market.

Wemyss, a real estate consultant and Realtor at Berkshire Hathaway affiliate Intero Real Estate Services, watched as the rise of remote work freed people to relocate from his home base in Los Altos, California — where home prices on average top $4.7 million — to surrounding cities and counties. Those relocations drove up home prices in places like Reno, Nevada, and around Lake Tahoe.

It was a pattern that was replicated in markets across the country.

“This isn't just growth. It's a complete redesign of where wealth lives,” Wemyss said. “While traditional luxury markets like Silicon Valley, Manhattan and Los…

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"Austin's luxury real estate market brought in $4.1 billion in 2024"

CultureMap Austin shares, "A new 2024 report from Texas Realtors has revealed the number of homes that sold in the state for $1 million or more increased 10 percent from last year to reach its second-highest peak ever recorded.

According to the report's findings — which calculated sales data from November 2023 to October 2024 — Texas' luxury real estate market accounted for $21.4 billion in economic activity. The period from November 2021 to October 2022 still holds the current statewide record, which is $22.6 billion.

A total 12,888 homes sold for at least $1 million during this time, which represented nearly 16 percent of all Texas residential home sales.

May 2024 was the busiest month for Texas' luxury home sales. Nearly 1,580 homes were…

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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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"Where wealthy people live"

Austin Business Journal writes, "In his 2005 State of the City address, then-Austin Mayor Will Wynn — fresh off leading the Downtown Austin Alliance — had a goal of 25,000 people living in downtown Austin.

At the time, about 5,000 people called the Central Business District home. Almost 20 years later, downtown is still far short of that goal but growth has ramped up as thousands of new apartments and condos rise toward the sky. 

The DAA now pegs downtown's population at about 15,000. Almost 900 were added last year, DAA reports. They come for the high-rise living, entertainment, quality restaurants and urban hike-and-bike trails.

It's an appealing package if you can afford it — the downtown ZIP code, 78701, is now the wealthiest in the area…

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"Travis Club sells $90M in homesites, infrastructure construction underway"

Austin Business Journal writes, "A luxury housing development on the shores of Lake Travis has pulled in more than $90 million, all before a single home has been built.

At Travis Club, a sprawling 1,500-acre housing development being co-developed by California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., about three-quarters of the homesites available in the project’s first phase have been sold, according to an announcement. And, with infrastructure construction is underway, phase two homesites will soon be available.

Travis Club, located near Briarcliff west of Austin, will feature 274 single-family lots and 223 villa units, listed between $800,000 and $3 million,…

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"Exclusive | The Sand Dollar House Near Austin Lists for $1.99 Million"

The Wall Street Journal writes, "In Texas, a circular, lakeside home with a roof that looks like a sand dollar is hitting the market for $1.99 million.

Located in the city of Lakeway, which is just outside of Austin, the roughly 2,300-square-foot home is perched on a bluff that overlooks Lake Travis.

The sellers are Karena Dawn, co-founder of the fitness brand Tone It Up, and her husband, Bobby Goldstein. The pair came across the home while boating on Lake Travis. When they found out it was for sale, they bought it for an undisclosed price in 2021.

“Anyone who has boated on Lake Travis in the last 40 years has looked up at it,” said the listing agent, Michelle Jones of Compass. She shares the listing with her colleague,…

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