Luxe Austin Homes - luxury real estate

"Retired NFL Star Derrick Johnson Puts His Lone Star State Home on the Market for $4 Million"

Robb Report shares, "Former Texas Longhorn and Kansas City Chief linebacker Derrick Johnson—known to his many fans simply as “DJ”—has officially hoisted his swanky estate in Austin’s exclusive Spanish Oaks gated community up for sale.

The founder and president of the Defend the Dream Foundation, which serves low-income and inner-city youth, acquired the modern residence back in 2018. Now, six years later, the place has returned to the market with a nearly $4 million ask.

Custom-built by Olson Defendorf in 2015, and designed by Geschke Group Architecture, the creamy stucco and brick structure features five bedrooms and five bathrooms in a little more than 5,400 square feet of multi-level living space boasting an office wing, a gym, movie theater…

379 Views, 0 Comments

"Buyers snap up 60 luxury condos in Horseshoe Bay's first-ever pre-construction sellout"

Austin American-Statesman writes, "Horseshoe Bay Resort, just over an hour's drive west of Austin in the Texas Hill Country, has seen its first-ever pre-construction sellout of 60 luxury condos at a development called Waters Lakeside.

The development consists of three towers with 20 condos each, with the first set for a March move-in date. The second and third towers will open between April and May.

The condos all have three bedrooms ranging in size from 1,500 square feet to 2,300 square feet. They start at $800,000, with the average price of $928,000. The sellout of the 60 condos has generated more than $65 million in sales revenue.

Located between Horseshoe Bay’s yacht club and marina, and just steps from constant-level Lake LBJ, the homes…

442 Views, 0 Comments

"Horseshoe Bay Resort sells out latest condo project as it continues to evolve"

Austin Business Journal writes, "the Jaffe family’s Horseshoe Bay Resort west of Austin keeps growing, and demand for the lakeside living there is apparently strong.

One new project at the resort, a three-tower condo called Waters Lakeside, has seen all 60 units pre-sold, according to a recent announcement from Legacy International, the broker for Horseshoe Bay Resort Realty. The condos started at $800,000.

Waters Lakeside broke ground in 2021, said Mandy Van Streepan, Legacy's chief operating officer. The development consists of three towers with 20 condos each, with the first set for a March move-in date. The second and third towers will open between April and May. The condos all have three bedrooms and range from 1,500 to 2,300 square feet,…

953 Views, 0 Comments

"Madrone Canyon to add luxury homes in wealthy area"

Austin Business Journal reports, "a luxury housing project is rising on a 140-acre canyon in Bee Cave where developers are touting unparalleled Hill Country views.

Ames Design Build LLC is behind the development, called Madrone Canyon, which will be home to more than 100 residences. Ames Design Build owner Brett Ames is also the founder and managing principal of Inspire Development, which is behind the $2 billion mixed-use Pearson Ranch development in southern Williamson County.

Madrone Canyon will feature a mix of custom and spec homes, Ames said. Lot prices begin in the high $400,000 range, while homes are expected to range from $3 million to over $5 million, according to an Oct. 10 announcement. The development will add more pricy homes to a…

476 Views, 0 Comments

Grand plans, deep-pocketed backers revealed for what will be tallest building in Austin — and all of Texas

The skyscraper being constructed at 98 Red River St. in downtown Austin, which is set to be the tallest building in both the city and state when complete, finally has a name: Waterline.

In addition to its official moniker, the development team revealed Sept. 6 a slew of additional details about the project, which is set to take the skyline to new heights. That included a breakdown of space within the hotel-office-residential tower and community benefits like pedestrian access and a seven-figure donation to the nearby trail system.

"Downtown Austin offers one of the most dynamic markets and skylines in the nation, and we're excited to help drive its ongoing transformation," said Seth Johnston, senior vice president in Austin for Dallas-based…

636 Views, 0 Comments

Austin's million-dollar home sales are rivaling Dallas, Houston

Million-dollar home sales in Austin have skyrocketed along with the rest of the market, coming neck and neck with luxury sales in Dallas and Houston.

The number of Austin's luxury sales from January-May 2022 was almost double the number of sales for the entire year of 2018, according to a report from the Texas Real Estate Research Center at Texas A&M University.

While Houston, Dallas-Fort Worth and San Antonio saw sales spike in 2021, luxury home sales had remained relatively stable before that.

The Dallas area still leads the charge on luxury real estate sales but the study says Austin is poised to surpass Houston soon. Austin’s population is one about one-sixth of the Houston metro area.

Researchers say year-to-date sales are…

577 Views, 0 Comments

Could Austin surpass D-FW as Texas’ top luxury home market?

Dallas-Fort Worth has been the longtime leader in luxury home sales, but it has a strong competitor further south on Interstate 35.

In the Houston, Dallas-Fort Worth and San Antonio areas, the number of homes sold for $1 million or more in the first five months of 2022 was about on par with the number sold in all of 2018, according to a new report from the Texas Real Estate Research Center at Texas A&M University. But in Austin area, the number of home sales is already double its 2018 total.

Four years ago, the Austin area had half the number of home sales of Houston and D-FW. By 2021, though, the city was just behind Houston, and so far this year, Austin and Houston are neck in neck.

“D-FW is definitely an international city, but the name…

562 Views, 0 Comments

ABoR: Study calling Austin's housing market overvalued is flawed without context

We all know buying and building homes in the Austin area is expensive. Austin is outpacing other Texas cities when it comes to development fees for builders, and home prices have skyrocketed.

A recent study by Florida Atlantic University ranked Austin as the second-most overvalued housing market in the country. But is that true? Ashley Jackson, president-elect of the Austin Board of Realtors (ABoR), joined KVUE Midday to dig deeper.

Jenni Lee: According to Florida Atlantic University, buyers in Austin pay just a little bit more, but 67% more than they should. So, demand for new and existing homes is there, but there's not enough supply. Is the Austin housing market overvalued?

Ashley Jackson: "No, I do not believe the Austin…

527 Views, 0 Comments

Four Seasons Private Residences On Lake Austin Steps Up Luxury Living In Texas... Literally

A new luxury development will uplift residential real estate to a new dimension at Lake Austin. Luxury housing the levels of which have not been seen before in Texas, or much of the southwest, has a new grab: a two-minute Funicular descent to The Marina and The Lake Clubhouse at The Four Seasons Private Residences will present a panoramic experience inside one of two air-conditioned, glass enclosed cabins, lifting residents down to water activities, or back up to their multi-million dollar homes. The Funicular takes elevated Hill Country living to an extreme convenience, granting access to shoreline so pristine it is not even accessible by car.

The Four Seasons Private Residences is also the luxury brand’s first residences anywhere with…

719 Views, 0 Comments