Luxe Austin Homes - luxury real estate

"Exclusive: Country's elite scoop up memberships, real estate at this Austin surf club neighborhood"

Austin Business Journal writes, "Entrepreneurs, actors, sports figures and social media influencers are paddling proverbially to the private surf-and-condominium park that's rising down the road from Austin's airport — not far from Tesla's gigafactory.

Matthew McConaughey, Drew Brees and Tony Hawk are among those tied to the coveted 400 real estate or membership slots at the Austin Surf Club, according to documents obtained by the Austin Business Journal, as well as a review of public records.

Over the last six months, the ABJ has uncovered key details about the construction of the project at the former site of NLand Surf Park. Set to rise on the site is housing, a brewery and high-end amenities centered around multiple man-made surf basins.

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"Icon to print homes in new luxury neighborhood west of Austin"

Austin Business Journal shares, "Icon Technology Inc. is bringing five of its 3D-printed homes to a new luxury resort neighborhood on the shores of the Colorado River.

The homes will be built in The Canyon Club community, a 60-acre project being built north of Spicewood at 122 Shoreline Road, according to an announcement. In addition to Icon’s homes, 20 traditionally built homes are planned for the project as well.

The Canyon Club is being developed by Prasso Ventures, which has been behind luxury neighborhoods in Arizona, Colorado and Washington.

Icon’s five homes in The Canyon Club will be 3,400 square feet.

The Icon homes will be available for fractional purchase starting in the low-$400,000 range per share. Shared ownership of the…

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"Discover Austin’s best homes with The Grossman & Jones Group’s expert touch"

In the competitive Austin real estate market, The Grossman & Jones Group, Compass Real Estate stands out by delivering a client experience defined by expertise, integrity and results.

Led by Todd Grossman and Michelle Jones, the group’s commitment to excellence has earned them a strong reputation, a referral-driven business and recognition among the top real estate teams in the city.

“Buying or selling a home is one of life’s biggest financial and emotional decisions, and being able to guide people through that journey is truly fulfilling,” Jones said.

The company has built its success on three fundamental principles: listening and prioritizing, continuous learning, and building lasting relationships. Every client’s needs are carefully assessed to ensure a…

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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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"Pearlstone secures big construction loan for downtown Austin condo project"

Austin Business Journal reports, "Pearlstone Partners has secured a $154.5 million construction loan for its latest downtown condo project, which broke ground March 26.

The Belvedere, a 158-unit condo in west downtown, is Austin-based Pearlstone’s first to break ground in the city since co-founder and CEO Robert Lee retired earlier this year.

Pearlstone, which is known for its luxury condo projects, secured the construction loan through New York-based Benefit Street Partners, according to an announcement.

Located on around 3 acres at 300 Pressler St., The Belvedere will be almost 300,000 square feet in total. Its 158 condos will range in size from 766 square feet to 2,488 square feet, with one-, two- and three-bedroom floor plans. They'll be…

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"John Goff's Crescent Real Estate to build luxury development in Horseshoe Bay"

Austin Business Journal shares, "A major real estate development and management firm that once owned The Woodlands outside of Houston has broken ground on a new luxury housing development in Horseshoe Bay west of Austin.

Fort Worth-based Crescent Real Estate LLC already has lots available for purchase in the 114-acre project in the Summit Rock neighborhood of Horseshoe Bay, according to an announcement.

“We look for high-quality developments where we can develop product that fits market demand,” Crescent Chairman John Goff said following the March 4 groundbreaking. “When we look at Texas, it’s just on fire. We have a lot of in-migration because we’re a business-friendly state, and there is a clear need to offer high-end resort product in the…

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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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"Lots for sale in second phase of luxury Lake Travis community called Travis Club"

Austin Business Journal shares, "About 50 more homesites are available in one of Austin’s most expansive luxury housing developments along the shores of Lake Travis.

Travis Club, which has generated more than $100 million in homesite sales, now has 48 more homesites on offer, representing the second phase of the sprawling project, according to an announcement from its developers. Infrastructure construction for the first phase of the 1,500-acre site, co-developed by California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., is already underway.

Travis Club, located near Briarcliff west of Austin, will have 700 homesites once complete, along with an 18-hole golf course and…

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