Luxe Austin Homes - luxury real estate

"Austin vs. Nashville: How Luxury Living Measures Up in 2 Booming Housing Markets"

Realtor.com writes, "Located some 900 miles apart, Austin, TX, and Nashville, TN, have emerged from the COVID-19 pandemic era as thriving boomtowns with strong job growth, rapid in-migration, and high quality of life—so it comes as no surprise that both metros now rank among the nation's top luxury housing markets. 

Each city attracts throngs of wealthy buyers looking to snap up trophy properties in amenity-rich communities. However, according to the latest research from Realtor.com®, Nashville and Austin's price trends and inventory shifts tell two different stories. 

The main difference between the two popular Southern luxury markets lies in their stages of maturity, explains Realtor.com senior economist Anthony Smith: Nashville's high-end…

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"These new Hill Country houses will have their own private vineyards"

CultureMap Austin shares, "A new luxury development breaking ground near Fredericksburg might have Hill Country oenophiles ready to break out the bubbly. Querétaro, Mexico lifestyle company and winemaker Puerta del Lobo has uncorked a new wine-inspired project that will combine a working winery, event spaces, and massive lots with private vineyards along Wine Road 290.

The ambitious development is the first project for the Mexican winemaker within the United States. The site will be similar to a 2014 Querétaro flagship that blends wine tourism accommodations and fine dining. A press release says the Hill Country tract will eventually include “chef-led restaurants, green areas, recreational amenities, a clubhouse, a wedding venue, an exclusive…

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"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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"The secret to thriving in Austin’s fierce real estate market"

In the fast-paced Austin real estate market, where competition is fierce and expectations are high, The Grossman & Jones Group at Compass Real Estate has earned a reputation for delivering an elevated client experience rooted in trust, service and results. With more than four decades of combined experience, Todd Grossman and Michelle Jones have built a referral-driven business dedicated to exceptional client care and the highest standards of excellence.

At the heart of every successful transaction is a simple truth: who you work with matters.

Clients who choose The Grossman & Jones Group gain more than knowledgeable realtors; they gain trusted advisors who listen, advocate and ensure every detail of the buying or selling process is handled with precision.…

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"These are America's hottest luxury housing markets"

Austin Business Journal shares, "While the housing market is shifting — giving buyers a bit more leverage — luxury markets remained resilient in the second quarter in the face of sustained higher interest rates, longer time spent on the market and slower home-price appreciation.

That’s according to The Business Journals’ latest analysis of the country’s hottest housing markets, which analyzed ZIP code-level mortgage and real estate data provided by Intercontinental Exchange to determine the top luxury housing markets. The analysis was limited to ZIP codes that had an average sale price of $1.5 million or greater and a minimum number of listings sold of 10 during the most recent quarter.

The rankings aren’t meant to highlight the most expensive…

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"PIPELINE SHRINKS FOR SKY-HIGH LIVING"

Austin Business Journal writes, "There's likely to be a multiyear pause in new residential construction in downtown Austin in the wake of a recent building boom, experts say.

Downtown residential projects completed in recent years include the 56-story The Modern Austin Residences developed by Urbanspace, the 41-story Vesper condo tower developed by Pearlstone Partners and The Linden, a 28-story condo tower developed by Reger Holdings LLC and the Armenia Group.

The area has been a big draw for wealthy Austinites, lured by its unique combination of nightlife attractions, dining opportunities, residential development and office buildings that make it possible to live close to work. That has made the main downtown ZIP code — 78701 — the wealthiest…

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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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"Canyon Ranch resort, homes coming to Spicewood"

Austin Business Journal shares, "Canyon Ranch Austin Wellness Resort is bringing a resort and more homes to Spicewood. 

About one year ago, Canyon Ranch filed plans for its first Austin location with the Texas Department of Licensing and Regulation. The approximately $122 million project, according to TDLR, is on track for completion and a fall 2026 debut, said CEO Mark Rivers in a statement. The project’s legal name is CR Austin Resort LLC.

Canyon Ranch will be on 600 acres along Lake Travis, located at 600 Moonlight Bend, and will feature state-of-the-art facilities for health, fitness, performance, dining, lodging, outdoor adventures and what is said to be the largest spa in Texas. The approximately 224,000-square-foot resort sits about 30…

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"High-End Home Sales Show No Sign of Slowing Down—and They’ve Doubled in This Southwest City"

Realtor.com writes, "Home sales during this spring selling season have faced a slump—but one part of the market is bucking the trend. Luxury buyers are stepping up, and in at least one city, sales have doubled in a week.

Luxury real estate across the country continues to outperform the median, and the $1 million-plus category has been the fastest-growing (or least-declining) sales segment for nearly two years, according to the National Association of Realtors®.

"Higher-end homeowners have substantial equity and are less reliant on mortgage financing. These types of properties have outperformed," says Danielle Hale, chief economist of Realtor.com®.

And in the past week, the Austin, TX, high-end market has been heating up. There were 15 newly…

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