Austin Business Journal writes, "A luxury housing development on the shores of Lake Travis has pulled in more than $90 million, all before a single home has been built.
At Travis Club, a sprawling 1,500-acre housing development being co-developed by California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., about three-quarters of the homesites available in the project’s first phase have been sold, according to an announcement. And, with infrastructure construction is underway, phase two homesites will soon be available.
Travis Club, located near Briarcliff west of Austin, will feature 274 single-family lots and 223 villa units, listed between $800,000 and $3 million, according to previous reporting. Lots range from half an acre to about three acres, and the community will have an 18-hole golf course and more than 10,000 linear feet of waterfront.
Thus far, 77 out of 106 homesites in the gated community’s first phase have been sold, according to the announcement. Now that infrastructure construction is underway, buyers will be able to begin home construction in 2025, with a goal of having move-in ready homes in late 2026 or early 2027.
Moreland Properties is the brokerage group for the remaining homesites in the first phase, and Heritage Title Co. and Prominent Title are the title companies of record.
Travis Club’s second phase will consist of 140 homesites that a Travis Club representative said would be available for purchase starting in late summer or early fall this year. Final pricing on those has not been set but will be in-line with the first phase’s $800,000 to $3 million range. Construction of the second phase homes is expected to begin in mid-2025.
Haas & Haynie is a land development company founded in 1898. The firm develops high-end resort and residential communities, including projects in Scottsdale, Arizona; Jackson Hole, Wyoming; San Martin, California; and in the Mauna Kea Resort in Hawaii.
Castle Hill Partners is a real estate developer and investment firm with projects that include a 2,136-acre private golf and mountain community in Nevada and master-planned communities in the Dallas and Houston areas."
Source: Austin Business Journal
Written by: Cody Baird
Published: July 19, 2024
Posted by Grossman & Jones Group on
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