Luxe Austin Homes - luxury real estate

"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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"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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"Million-dollar markets: America's most expensive ZIP codes for housing"

Austin Business Journal writes, "California's 94027 stands alone when it comes to the nation's most expensive ZIP codes for housing.

The typical home value in 94027 - Atherton, which is located near San Francisco, was $7,711,460 in March 2024 — leading the way among all ZIP codes in America.

That’s according to research obtained for The Business Journals Wealthy 1000, a recent ranking of the nation's wealthiest ZIP codes based on a weighted formula that looks at numerous wealth metrics, including typical home value data from Zillow.

California's 94027 stands alone when it comes to the nation's most expensive ZIP codes for housing.

The typical home value in 94027 - Atherton, which is located near San Francisco, was $7,711,460 in March 2024…

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