Luxe Austin Homes - single-family

"Not just 'another luxury golf community': Thomas Ranch could add thousands of homes, urban node west of Austin"

The Austin Business Journal reports, "a massive master-planned community could be coming to the border of Travis and Burnet counties.

Salt Lake City-based Areté Collective LP announced Dec. 4 plans for Thomas Ranch, a 2,200-acre neighborhood that could rise along State Highway 71 near Spicewood. It would feature a dense urban core that developers hope to anchor with a major grocer, plus thousands of housing units across multiple types of residences and price points, a school, health care options, a resort hotel and a golf course designed by the mind behind the newest addition to the world's oldest course — The Castle Course at Scotland’s St. Andrews Links.

“What we are trying to do is build an inclusive, livable community,” Areté Collective…

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"Wildhorse Ranch to expand near Manor"

Austin Business Journal writes, "another undeveloped chunk of land has taken a step toward becoming single-family homes in Northeast Austin.

During the Oct. 25 meeting of the Austin Planning Commission, the preliminary plan for Pinnacle at Wildhorse Ranch gained approval to divide 60 acres into 57 lots within the city’s Gilleland Creek watershed.

The approval represents an expansion to Wildhorse Ranch that has risen on 1,450 acres next to the newly requested expansion.

The development is a product of Austin-based Dwyer Realty Companies, led by longtime developer Pete Dwyer, and the request and the preliminary plan were presented to the commission by Kevin Burks, a civil engineer at the design consulting firm Kimley-Horn.

Dwyer Realty did…

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"It’s the perfect starter home. But it’s only for rent."

"Adam and Tahnya Gaston arrived in this Austin suburb in June with a toddler, a dog and enough money for a down payment. But within days they scrapped their plans for buying a house, deterred by soaring home prices and rising mortgage rates. Instead, they’re paying $4,000 a month to lease a three-story house in a new development aimed squarely at renters.

As the housing market sours, families around the country are eschewing homeownership and turning instead to new homes in rental-only developments such as the one where the Gastons landed. When completed, the Oaks on Chisholm Trail will have 113 stand-alone homes, each with a kitchen island, two-car garage and tiny plot of lawn — all exclusively for rent.

It’s one of…

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"Phoenix real estate firm on a roll in Austin area, with another home rental community planned"

According to the Austin Business Journal, "A Phoenix-based builder of rental homes is increasing its investment in the Austin area to $164 million with its latest land purchase.

NexMetro Communities LLC announced Sept. 16 the purchase of 25 acres in Liberty Hill, where the company will construct a neighborhood of 260 single-family rental homes called Avilla Rio Oaks. It will join two other NexMetro projects in the works for in the suburbs around Austin; the company already announced another in Liberty Hill and an additional community in Georgetown.

"NexMetro is actively seeking new sites ideal for our luxury leased Avilla Homes neighborhoods in multiple Austin submarkets," stated Jason Flory, managing director of NexMetro's Austin division.…

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Palladius Capital gets apartments in fast-growing Austin suburb

A major real estate investor in Austin has acquired a sizable apartment complex in the fast-growing suburb from a prominent developer based in the city.

Palladius Capital Management acquired the 342-unit, located in Kyle from Endeavor Real Estate Group, which completed the project earlier this year.

The sale price was not disclosed.

Kyle and other areas south of Austin have proven to be a popular market for multifamily construction and projects as of late

The complex Palladius got is called Citizen House Kyle, and located along the I-35 Innovation Corridor, part of the larger Dry River District, which includes a 65-acre mixed-use community also being developed by Endeavor Real Estate Group. The deal for the apartment complex includes one-…

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200-plus homes may sprout in Northeast Austin subdivision

Sixty-eight acres in Northeast Austin have been zoned for single-family, small lot construction by the city’s Zoning and Platting Commission.

Plans indicate there are 211 plots at 4806 Blue Goose Road, just east of Cameron Road. Commissioners approved the zoning as part of the consent agenda at their Sept. 6 meeting, following a recommendation by city staffers.

The final number of homes could change.

The project is spearheaded by RR Braker Valley LP and Jeremy Smitheal, a partner at Austin-based real estate investment firm Riverside Resources. The company is behind several major commercial projects across the city, including plans to transform part of West Sixth Street.

A representative for Riverside Resources confirmed the firm is behind…

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iBuyers, short-term rental owners could see divergence as investor activity plateaus in Q2

Investor activity began to plateau in the second quarter but even with higher interest rates and a slowing housing market, it's likely some groups will continue to find opportunity.

Real estate investors bought 87,500 U.S. homes in the second quarter, up 11% on a quarterly basis and 5.9% higher year over year, according to Seattle-based Redfin Corp. (Nasdaq: RDFN). Investors bought an all-time high of 93,700 homes in Q3 2021 but, as Redfin notes, investors continue to buy more homes than they did pre-pandemic.

Investors purchased a record $60.1 billion worth of real estate in Q2, and their market share was 19.4% of all homes purchased last quarter (down from 20.5% in Q1).

Defined by Redfin and most industry groups as an institution or…

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