Real Estate


Landlady Lupe Valdez: Better to offer low rent than pay taxes on time

Colin Howell and Jayme Thompson have a dream to start a mobile food truck — the Flying Pineapple Baking Company — selling retro desserts in Dallas-Fort Worth. What’s made the numbers work on their ambition is their phenomenal rent — $700 a month for a piece of a fourplex on the outskirts of Oak Cliff’s trendy Bishop Arts District. “This is Bishop Arts. For what?&rdquo...
Taxpayers on hook if Pflugerville’s risky water park gambit fails

Taxpayers on hook if Pflugerville’s risky water park gambit fails

As one of the fastest-growing cities in the nation, Pflugerville seemingly has plenty to teach ambitious small towns eager to prosper. But the suburb north of Austin is at risk of imparting one lesson in the form of a cautionary tale. A high-profile Pflugerville initiative — a water park that the city’s economic development arm financed for a private company about five years ago &mdash...
Report: Austin is state’s healthiest retail market

Report: Austin is state’s healthiest retail market

Despite several recent high-profile closures – and more still on the horizon – the Central Texas retail sector continues to be red hot. A new report from Weitzman, a commercial real estate firm with offices across Texas, found that Austin’s 96.1 percent retail occupancy rate is the state’s highest – and one of the best in the nation. That holds true even when you factor...
3 Austin-area apartment complexes under new ownership

3 Austin-area apartment complexes under new ownership

Three Central Texas apartment complexes have changed hands. Tacara Steiner Ranch, a 246-unit project at 4306 N. Quinlan Park Road in Steiner Ranch, sold for $47.9 million, according to securities filings. TH Real Estate was the buyer; San Antonio-based Casey Development Limited was the seller. JLL represented the seller in the transaction. The complex was completed last year. Amenities include a dog...
San Marcos shopping center has new owner

San Marcos shopping center has new owner

A San Marcos shopping center is under new ownership. NAI Partners’ Investment Fund II now owns San Marcos Place, a 73,105-square-foot center at 900 Bugg Lane. The center had been owned by Robb Lane Limited, an Austin firm, according to Hays Central Appraisal District records. A purchase price wasn’t disclosed, although the appraisal district valued the property at $3.7 million this year...
How much house you can afford depends on where you live

How much house you can afford depends on where you live

Your ability to own a home is affected by where you live. Even people with modest incomes can afford homes in Decatur, Illinois, the metropolitan area with the nation’s most affordable houses. At the other end of the affordability spectrum is the San Jose, California, metro area, where high incomes are outmatched by stratospheric home prices. A home is most affordable when it doesn’t cost...
Developer plans major mixed-use project near The Domain

Developer plans major mixed-use project near The Domain

With new zoning in place for its 66-acre site next to The Domain, Brandywine Realty Trust is moving forward with plans to build a large project at its Broadmoor campus in North Austin that could include office, hotel, retail and residential uses. Broadmoor currently has seven existing buildings and is home to IBM Corp.’s Client Innovation Center. But with the Austin City Council having approved...
2 Austin office buildings get major upgrades

2 Austin office buildings get major upgrades

Work is under way to upgrade two Austin office buildings. Both properties – Capitol Tower, at 206 E. Ninth St., and the five-building Bridgepoint Square development, at 6300 Bridgepoint Pkwy. – are owned by Equity Commonwealth and are being marketed by JLL. Capitol Tower has a new lobby, while upgrades at Bridgepoint Square include renovated entryways, lobbies, restrooms, light fixtures...
Georgetown subdivision expanding by 800 homes

Georgetown subdivision expanding by 800 homes

Hillwood Communities is expanding its Wolf Ranch development in Georgetown after buying 366 more acres where 800 single-family homes will be built, the company has announced. The tract, named the “Guy tract” after the family that sold it, has three miles of frontage along the South San Gabriel River and will have 23 acres of parkland, according to a company news release. In June, the Georgetown...
New life for a 1939 Austin gem of an apartment building

New life for a 1939 Austin gem of an apartment building

Reader Elayne Lansford invited us to an unusual party. “It is about an old building at 1105 Nueces St., built in 1939, one of many examples of little apartment buildings in that time, offering ‘modern’ places for people to live rather than boarding houses,” Lansford wrote us. “These apartments were once all around the center of town, but now only a tiny handful survive...
Expert: Outlook bright for Austin economy, housing market

Expert: Outlook bright for Austin economy, housing market

For nine years running, Central Texas has seen positive trends in its economy and real estate market. That momentum, fueled in part by the strong global and U.S. economies, is expected to continue next year, a Texas economist said — barring any major headwinds, none of which he said currently are visible on the horizon. But by 2020, the picture “gets fuzzy,” and the momentum for...
Wanted: Buyer for downtown Austin apartment tower

Wanted: Buyer for downtown Austin apartment tower

Northshore, a 38-story apartment tower in downtown Austin overlooking Lady Bird Lake, is up for sale. CBRE, a commercial real estate services firm, confirmed it is marketing the property. High Street Residential, a subsidiary of Dallas-based Trammell Crow, and Houston-based Hanover Co., completed the tiered tower in 2016. According to the publication Real Estate Alert, Northshore could fetch bids...
Downtown Austin office building makes debut after $11 million remodel

Downtown Austin office building makes debut after $11 million remodel

An 18-month-long project to modernize a nearly 70-year-old downtown Austin office building has wrapped up. The former Texas State Teachers Association headquarters, at 316 W. 12th St., is now known as Westview following the $11 million makeover and expansion by its owner, the Prescott Group, a Dallas-based firm. Texas State Teachers Association sold the building and relocated to North Austin in 2016...
City Council will discuss MLS stadium proposal at June 28 meeting

City Council will discuss MLS stadium proposal at June 28 meeting

The Austin City Council agenda released for June 28 has two action items that could tip the scales on the city getting its first major professional sports team. Item 64 on the agenda is to approve a resolution that would direct the city manager to begin negotiating with Precourt Sports Ventures for a Major League Soccer stadium at McKalla Place in North Austin. EDITORIAL: We’re still missing...
Owner’s plan for Lake Austin site: elevator tower, restaurant, marina

Owner’s plan for Lake Austin site: elevator tower, restaurant, marina

It’s an often photographed, picturesque spot synonymous with Austin: a scenic bluff that gives way to an expansive ridge with views of Lake Austin, the Pennybacker Bridge and the downtown skyline. Now imagine the pristine, wooded tract on Shepherd Mountain with an array of development: an elevator ascending 180 feet from the lake to an upscale, 200-seat, ridge-top restaurant, plus a casual...
34-story downtown Austin tower hits milestone

34-story downtown Austin tower hits milestone

A 34-story residential tower under construction in Austin’s Rainey Street district has reached its highest point of construction, a milestone referred to as “topping out.” Called 70 Rainey, the building on downtown’s southeastern edge will have 164 luxury condominiums ranging in price from the $400,000s to $5 million, with an average price per square foot of more than $800...
Austin developer offers $22.5 million for McKalla Place

Austin developer offers $22.5 million for McKalla Place

On the same day soccer was placed on the Austin City Council agenda for next week, a developer made a proposal to the city Friday to purchase McKalla Place for $22.5 million. Precourt Sports Ventures recently proposed to the city to privately finance a $200 million Major League Soccer stadium, to be home for Columbus Crew SC, on that 24-acre site. Commercial real estate developers Marcus Whitfield...
New affordable housing option comes to Northeast Austin

New affordable housing option comes to Northeast Austin

There’s a new affordable housing option in Northeast Austin. The Terrace at Walnut Creek, at 8712 Old Manor Road, features 324 apartments, with a mix of one-, two-, three- and four-bedroom units reserved for tenants making either 40 percent or 60 percent of the area’s median income. Developers of the $50 million project are the Travis County Housing Finance Corp. and NRP Group, an Ohio...
Moviehouse & Eatery debuts theater at Southwest Austin development

Moviehouse & Eatery debuts theater at Southwest Austin development

As more and more people move to Southwest Austin, developers are in hot pursuit, bringing shops, restaurants and needed services to the area. The latest example is Lantana Place, a new mixed-use development by Austin-based Stratus Properties at Southwest Parkway and West William Cannon Drive. The $80 million Lantana Place project recently welcomed anchor tenant Moviehouse & Eatery, an Austin-based...
$250 million apartment, office project planned near Domain

$250 million apartment, office project planned near Domain

Plans are in the works for a $250 million project — a 14-story apartment tower and a six-story office building — that is expected to break ground early next year in North Austin near the Domain. Capella Capital Partners, an Austin-based commercial real estate development company, said Friday that North Gateway Plaza will be built at 10615 Burnet Road, adjacent to the 24-acre McKalla Place...
Commentary: To fix property tax problem, start with appraisal boards

Commentary: To fix property tax problem, start with appraisal boards

Property taxes in Texas are a lot like dealing with a fresh wound. Every year, we vent our rage because our property tax bills go up. Lately, they go up a lot. We’re wounded yet again. But serious, fundamental change isn’t happening. Why? Because we’re underthinking the problem and rushing to find a Band-Aid for the wound. Caps on annual increases and sales price disclosure on commercial...
Downtown Austin’s ‘Jenga tower’ marks milestone

Downtown Austin’s ‘Jenga tower’ marks milestone

The Independent, a residential high-rise under construction in downtown Austin, has reached its peak height — a milestone for the 58-story building nicknamed the “Jenga tower.” Now standing at its full height of 685 feet, a topping-out ceremony Sunday marks the Independent’s official debut as the tallest building in Austin, and the tallest residential tower west of the Mississippi...
Historical downtown Austin estate, home to a Victorian mansion, has a new owner

Historical downtown Austin estate, home to a Victorian mansion, has a new owner

The Hirshfeld-Moore property, an historical estate in downtown Austin, has a new owner. Austin-based World Class Holdings last week bought the three-building property for an undisclosed price from the Texas A&M Development Foundation. At West Ninth Street between Lavaca and Guadalupe, the half block is home to a Victorian mansion, an older honeymoon cottage and a two-story carriage house. &ldquo...
Senior living community planned for The Domain

Senior living community planned for The Domain

A new senior living community is on its way to The Domain. California-based Senior Resource Group said this week that its latest project, Maravilla at The Domain, is expected to open in June 2019. It will be located at 11001 Austin Lane. Open to residents ages 62 and older, Maravilla at The Domain will have 230 residences – 142 devoted to independent living, 54 for assisted living and 34 memory...
Planned Grove project gets final green light

Planned Grove project gets final green light

The Grove has cleared its final regulatory hurdle, allowing construction to begin on the $500 million mixed-use project that was first announced more than three years ago. The developer, ARG Bull Creek Ltd., anticipates a June groundbreaking for the 75-acre Central Austin site. On Tuesday, the city of Austin’s Zoning and Platting Commission approved the preliminary plan and final plat for the...
Austin-area home sales, median price hit April records

Austin-area home sales, median price hit April records

Central Texas home sales and median home prices both climbed last month to the highest level of any April on record, the Austin Board of Realtors said Tuesday. The likelihood that mortgage interest rates will soon creep higher could be prompting some people to buy sooner rather than later in the year, local real estate agents said. In its latest monthly report, the board said 2,611 home sales closed...
After delays, final OK may be near for Grove plan

After delays, final OK may be near for Grove plan

More than three years after announcing plans for a $500 million mixed-use project in Central Austin, the developers of the Grove say they are hopeful they are about to clear the final regulatory hurdle needed to allow construction to start on the development. The project — on a 75-acre site bounded by Bull Creek Road, 45th Street and Shoal Creek — is ready to break ground pending...
Delia Garza encourages City Council to take on predatory home flippers

Delia Garza encourages City Council to take on predatory home flippers

Sometimes they’re letters. Sometimes they’re cards or postcards. Sometimes they’re designed to look personal, with lettering like handwriting. Other times they’re designed to look official or threatening. The one constant in the mailings Roy Woody has grown accustomed to receiving every couple of weeks is their push for him to sell the 2,000-square-foot house he’s owned...
Project kicks off to remake RBJ Center for seniors

Project kicks off to remake RBJ Center for seniors

A redevelopment project that will double the amount of affordable senior housing at the Rebekah Baines Johnson Center just east of Interstate 35 is set to break ground Tuesday. The nonprofit Austin Geriatric Center founded and operates the 16-story RBJ Center, an independent living facility for seniors and people with disabilities that is named for the mother of late President Lyndon B. Johnson. The...
The Drag’s Goodall Wooten residents told to vacate after dorm’s sale

The Drag’s Goodall Wooten residents told to vacate after dorm’s sale

The roughly 60 people who live at the Goodall Wooten, a residential dormitory on the Drag known affectionately as “The Woo,” have been told they have to vacate next month and find new housing after being told the building was sold. The announcement, which came April 16, surprised many tenants, said resident adviser Jennifer Beardsley, who has lived at the Goodall Wooten, 2112 Guadalupe...
Austin-area home starts up 13.1% in 1st quarter

Austin-area home starts up 13.1% in 1st quarter

Home construction continued to boom in Central Texas in the first quarter, with builders starting work on 13 percent more houses than in the same quarter last year, the latest figures show. “Austin continues to ride the wave of buyer demand into the spring selling season,” said Vaike O’Grady, Austin regional director for Metrostudy, which tracks housing markets locally and nationally...
Travis County to pursue new housing market study

Travis County to pursue new housing market study

Travis County commissioners voted unanimously Tuesday to start discussions with the city of Austin, the Housing Authority of Travis County and the Travis County Housing Finance Corporation about launching a joint housing market study. The study would provide data on the housing stock in Travis County and identify market gaps in affordability, unit type and household size, staff said Tuesday. It will...
More South Congress changes: Developer remaking complex

More South Congress changes: Developer remaking complex

More changes are taking place on Austin’s trendy South Congress Avenue, with the latest redevelopment underway at the site that houses the CityView at Soco apartments. The developer, Turnbridge Equities, is demolishing a four-story building at the front of the complex, which is at 1007 S. Congress Ave. The old building — which included 36 apartments atop street level retail space &mdash...
Central Texas home sales end 1st quarter with a flourish

Central Texas home sales end 1st quarter with a flourish

The Austin area’s home sales and median home sales price both hit record highs for the month of March, bringing the region’s housing market to a strong close for the first quarter, the Austin Board of Realtors said Thursday. Sales rose 10.5 percent over March of 2017, and the median price of the houses sold was up 3.5 percent to $305,233, the board said. “Last month, 2,714 single-family...
What’s The Ruckus? Student housing project plans second tower

What’s The Ruckus? Student housing project plans second tower

An Austin-based developer is looking to make an even bigger Ruckus in West Campus. Lincoln Ventures, the company behind The Ruckus, says the year-old student housing project has been such a success that it’s planning a companion property, The Ruckus 2.0. Construction started this month and work is expected to be done in time for the fall 2019 semester at the University of Texas. The Ruckus 2...
Lofts on Rock project set to open in downtown Georgetown

Lofts on Rock project set to open in downtown Georgetown

Construction is expected to wrap up this month on what is being billed as the first residential mixed-use project in downtown Georgetown. The Lofts on Rock is a five-story project by Cerus Development LLC at 810 Rock St. in Georgetown’s historic district. The building has 12 upscale condominiums, plus commercial space on the ground floor. The residences are priced from the mid-$200,000s to the...
The Triangle’s owner refinances, gets $78 million loan

The Triangle’s owner refinances, gets $78 million loan

The owner of The Triangle has refinanced the Central Austin mixed-use project. The Dinerstein Cos., a Houston firm, said Monday it had obtained a $78 million loan. The floating-rate loan is for seven years and has a three-year interest-only feature. CBRE assisted The Dinerstein Cos. with the refinancing. The Triangle, at 4600 W. Guadalupe St., has 529 apartments and is also home to 35 shops and restaurants...
Anticipated St. Elmo project reveals initial slate of tenants

Anticipated St. Elmo project reveals initial slate of tenants

It doesn’t look like much right now, but by this time next year a long-empty South Austin warehouse will be transformed into a bustling marketplace populated with more than 20 local merchants. With construction set to kick off next month, the development team behind St. Elmo Public Market has released an initial batch of tenants – a list that features several heavy hitters in Austin&rsquo...
Austin office market keeps humming along

Austin office market keeps humming along

The Austin-area office market kept rolling in the first quarter, with rents for top-quality space at a record high and the occupancy rate also up from a year ago, the latest figures show. In its latest quarterly report, commercial brokerage Cushman & Wakefield Austin said rents for Class A space rose, on average, to $39.93 a square foot per year. That’s an all-time high, and up from $37.86 per...

Austin Board of Realtors names new CEO

Emily Chenevert is the new chief executive officer of the Austin Board of Realtors. Chenevert, who has been the group’s interim CEO since Jan. 1, will assume the new post effective immediately, the board said in a prepared statement Thursday. She is the group’s first female CEO. The announcement follows a unanimous vote by the group’s 15-member board of directors at its April 4 meeting...
Houston company building 10 Austin-area self-storage facilities

Houston company building 10 Austin-area self-storage facilities

A Houston-based company says it is spending $125 million to build eight new self-storage facilities and expand two existing facilities in the Austin area. The Jenkins Organization says two of the new facilities have already opened: ATX Storage at 6901 N. Interstate 35 in North Austin and Lakeline Storage at 11000 Lakeline Blvd. in Northwest Austin. The remaining six new facilities still under construction...
Home values keep on climbing in Travis County

Home values keep on climbing in Travis County

On Friday, Travis County Chief Appraiser Marya Crigler will start sending out property value appraisal notices to Travis County homeowners – and the reaction from homeowners probably will be pretty familiar. If you’re trying to sell your house, you’ll likely be pretty happy with your home’s new valuation. If you are staying put and dreading a higher property tax bill, you probably...
This huge estate on Lake Austin sold for a record-breaking $12.3 million

This huge estate on Lake Austin sold for a record-breaking $12.3 million

A luxury estate on Lake Austin has sold for $12.3 million, a record for a residential property in Austin, its listing broker said Thursday. The home, at 3901 Watersedge Drive, had been listed for $12.95 million. “A sale of this magnitude is thrilling for Austin,” said DMTX Realty’s Dave Murray, who represented the seller, Casa 41 Trust, along with agent Mons Anderson. &ldquo...
Houston firm building senior community in Lakeway

Houston firm building senior community in Lakeway

For many Americans, aging can mean having to relocate to a senior living community to get needed care. A new facility set to open this year in Lakeway aims to provide that specialized attention, making it possible for area seniors to stay close to family and friends here in Central Texas. When Belmont Village Lakeway, at 107 Bella Montagna Cir., makes its debut in August, it will feature 156 senior...
How Lago Vista came to own a $3.7M luxury mansion it never wanted

How Lago Vista came to own a $3.7M luxury mansion it never wanted

The 8,000-square-foot mansion perches on a cliff overlooking Lake Travis. There is a wine cellar in the basement, a billiards table in the game room and red leather reclining loungers in the home theater. Greek statuary guards two turquoise negative-edge swimming pools. There is a helipad nearby. The estate rents for as much as $2,000 a day. “First, you arrive at the private gate to realize...
New players join Statesman site development team

New players join Statesman site development team

Plans are taking shape for redeveloping the 19-acre tract that is currently home to the American-Statesman’s offices, with the site’s owners choosing a pair of high-profile design firms to turn the waterfront property into a mixed-use project. The site, just south of downtown Austin and overlooking Lady Bird Lake, is owned by the Cox family, which also operates Atlanta-based Cox Enterprises...
Austin Eatery, new concept from Schlotzsky’s, makes Central Texas debut

Austin Eatery, new concept from Schlotzsky’s, makes Central Texas debut

Schlotzsky’s, the sandwich chain that got its start on South Congress Avenue nearly 50 years ago, is embracing its Austin roots with a new restaurant concept that debuted locally on Thursday. The new Schlotzsky’s Austin Eatery, at 3944 S. RM 620 in Bee Cave, features an open kitchen, interior walls made of recycled wood, corrugated metal and other eye-catching materials, and funky design...
Yeti’s Austin headquarters building sold to Dallas firm

Yeti’s Austin headquarters building sold to Dallas firm

A Dallas company is the new owner of the two office buildings that make up Yeti’s corporate headquarters at Lantana Ridge in Southwest Austin. HFF on Thursday announced the sale of the buildings, which it said have a total of 168,923 square feet. HFF marketed the property at 7601 Southwest Parkway on behalf of the seller, Dallas-based Lincoln Property Co., and procured the buyer, Ramrock Real...
This $13 million Texas-sized mansion has a theater, a library and a 65-foot pool

This $13 million Texas-sized mansion has a theater, a library and a 65-foot pool

Got a spare $13 million burning a hole in your pocket? Pack your bags and move to Dallas. An eight-bedroom, eight-bathroom (with three half baths) mega mansion is for sale in Old Preston Hollow, and it’s the size of Texas, y’all. And it can be yours for a mere $12,995,000. RELATED: This odd pod-like home for sale is keeping South Austin weird The home itself...
This odd pod-like home for sale is keeping South Austin weird

This odd pod-like home for sale is keeping South Austin weird

It looks like something out of a Tolkein novel, but it’s actually in South Austin. This pod-like one-story home for sale in South Austin was designed in 1978 by John Watson, who studied under Frank Lloyd Wright -- and the home’s design reflects the architect’s distinct style.  RELATED: This $10,000-a-night Austin estate is the most expensive Airbnb in the country...
Austin might be the ‘most difficult’ real estate market in Texas

Austin might be the ‘most difficult’ real estate market in Texas

As Austinites are in the middle of appealing-your-property-tax season, the folks over at Forbes.com would like to let you know about property investment across Texas. How did Austin do? As you might imagine, the answer is complicated. In a Forbes.com opinion piece entitled “Looking to Buy a Home in Texas? These Cities Are the Best Investments,” Ingo Winzer( president of the North Carolina-based...
What is the ‘richest’ zip code in Austin?

What is the ‘richest’ zip code in Austin?

A zip code including the affluent neighborhoods of West Lake Hills and Rollingwood was named one of the “richest” by Bloomberg. Zip code 78746 is mostly bound by Barton Creek, Bee Caves Road, the Colorado River and Mopac, although portions stretch east of the highway to include areas like Zilker Park.  Bloomberg analyzed 2015 IRS adjusted gross income and salary data and median...
Too good to be true? Could your family use a reverse mortgage?

Too good to be true? Could your family use a reverse mortgage?

The idea of a reverse mortgage certainly sounds good: a person who is 62 or older is able to borrow against their home's equity in a legal arrangement that lets them tap cash for retirement or vacations without having to sell (or vacate) the family home. But is it too good to be true? "A reverse mortgage loan can help some older homeowners meet financial needs, but can also jeopardize their retirement...
Sold! 9 simple steps to saving for your first home

Sold! 9 simple steps to saving for your first home

You're probably not trying to purchase a million dollar dream house as a first-time buyer, but coming up with the funds for your first home can make even a modest house seem out of reach. "The top challenge for would-be homebuyers is the down payment requirement," The Mortgage Reports blog reported, citing a study from Trulia. "Over half of potential buyers claimed saving...
Lance Armstrong’s former home in West Austin is on the market for $7.5 million

Lance Armstrong’s former home in West Austin is on the market for $7.5 million

Want to live in Lance Armstrong’s old house? The cyclist’s former home in West Austin is on the market for $7.5 million. According to CultureMap, it was originally listed two years ago for $8.25 million. The six-bedroom, 7.5-bathroom home across the street from Pease Park was built in 1924 and has since been remodeled. The 8,158-square-foot home has a pool with a fountain, a pool house...
5 things to do before you start looking for a new home

5 things to do before you start looking for a new home

If you'd like to buy a house, you may think your first step should be driving by homes you're interested in or visiting an open house. But the home buying process should start before you ever look at a single home. That way, you'll be in the best possible financial position to get a mortgage loan and will have a better idea of what home features are most important to you. Your credit score and history...
9 ways to save for a down payment on a home

9 ways to save for a down payment on a home

If you're planning to buy your first home, saving for a down payment can present itself as a significant challenge. The amount you put down on a house can affect your ability to get a mortgage loan, and the larger your down payment, the lower your monthly payment will be. By saving money that you get occasionally – such as an income tax refund, a birthday check from your parents or a bonus at...
Should you rent or buy? 5 questions millennials should ask before deciding

Should you rent or buy? 5 questions millennials should ask before deciding

If you're a millennial (born between the early 1980s and the 1990s), you may not necessarily fall in line with older folks who  in their 20’s and 30’s automatically assumed that buying a home was the epitome of the American dream.  Some millennials prefer to rent, while others want to become homeowners but don't feel as though they're ready. Although the rate of homeownership...
How many hours of work a week does it take to afford rent in Austin?

How many hours of work a week does it take to afford rent in Austin?

Besides a lot of stress, what does it take to pay Austin’s infamously high rent rates? According to SmartAsset, a personal finance company, a long work week. 64 hours long, to be exact.  The company calculated how many hours you must work to pay rent in several major U.S. cities. For Austin, ranking 13th overall on the list, SmartAsset assessed it takes 64 hours at $18...
Sky Cinemas, a cinephile's 14-screen dream movie theater, has come to Dripping Springs

Sky Cinemas, a cinephile's 14-screen dream movie theater, has come to Dripping Springs

Sky Cinemas, the new 14-screen cinema from the folks who brought you Violet Crown, opens Jan. 26 at 13201 U.S. 290.  The plan is for a mix of new release blockbusters, popular indies, some repertory stuff and more.  Featured food will include fresh beef hamburgers, hand-cut fries, pizzas, salads and an assortment of vegetarian options along with traditional theater concessions, self-serve...
House hunters, here are 5 secrets to getting the best home loan

House hunters, here are 5 secrets to getting the best home loan

Getting a home mortgage loan is one of the most important financial commitments most people will ever make, since the terms of your loan can affect your finances in a big way for years to come. Start shopping for a loan before you actually begin looking at homes, since this lets you know where you stand and gives you greater negotiating power with sellers. Your credit score has a great effect on how...
Tallest tower yet planned for Austin skyline

Tallest tower yet planned for Austin skyline

A San Antonio-based developer is planning to build an 850-foot-tall skyscraper in downtown Austin, which would be the city’s tallest building. Lynd Development Partners is teaming with Dallas-based Lincoln Property Co. on the proposed mixed-use tower, which is planned for 600 Guadalupe St., Lynd’s president and CEO Michael Lynd Jr. told the American-Statesman. The building would have more...
One of Texas’ best vacation spots is about to get even better

One of Texas’ best vacation spots is about to get even better

One of the top summer destinations in Texas is about to get a whole lot better, thanks to a massive expansion. According to the Houston Chronicle, the Cinnamon Shores vacation community in Port Aransas will receive a 300-acre, $1.3 billion expansion that will quadruple the size of the neighborhood.  The expansion will reportedly include a 3,300-foot-wide private beach, multiple swimming pools...
This $3.3 million Austin home has a theater that looks like an airplane cabin

This $3.3 million Austin home has a theater that looks like an airplane cabin

Love movies? Love travel? Have several million dollars to spend on a new home? You’re in luck. This 4,809-square-foot home for sale in West Austin features a home theater and entertainment room that will make you feel like you’re 40,000 feet above the earth. The house on Scout Island Circle, listed for nearly $3.3 million, has four bedrooms and five bathrooms. But it’s the media...
After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After complaints from neighbors, an East Austin man is putting his secret theater — or “Sekrit Theater” — up for sale. Beau Reichert, who has owned the property on Perry Road for about a decade, announced the sale on Facebook last month. Reichert originally moved to build an art studio (his doctor said it would help him make friends—Reichert has Asperger&rsquo...

Triangle finally comes together

Nearly 10 years after a local developer announced plans for a major shopping center at the intersection of North Lamar Boulevard and Guadalupe Street, the first businesses are finally moving into The Triangle. Among the first expected to open early next year is Mandola's Italian Market, a restaurant and imported food and wine store that is the latest venture of Damian Mandola. He's the nationally...
Take a video tour of Tyler Perry's $25 million estate

Take a video tour of Tyler Perry's $25 million estate

Tyler Perry’s estate was listed for sale for $25 million last year and just sold for $17.5 million.  The new owner is an "out-of-state buyer who got a good value," The Atlanta Journal-Constitution reported. "(It's) quite a deal for that volume of land in the most prestigious ZIP code in Atlanta. The land alone sold for $9 million back in 2005 when Tyler bought it,"...
Trump’s former $95 million mansion to be torn down

Trump’s former $95 million mansion to be torn down

An oceanfront mansion Donald Trump sold to a Russian billionaire for $95 million in 2008 is going to be torn down. The demolition of the estate, which was the largest single residential sale ever in Palm Beach, Florida, was approved this week. Long before he became the 2016 Republican presidential front-runner, Trump purchased the mansion in 2004 at a foreclosure auction for $41.4 million. He then...
Dr. Oz just bought this $18 million mansion

Dr. Oz just bought this $18 million mansion

Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office. A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and...
Travis County puts civil courthouse bond election on ballot

Travis County puts civil courthouse bond election on ballot

After 15 years of plans, proposals and procrastination, Travis County’s vision for a new 14-story civil courthouse in downtown Austin will go before the voters in November. The county commissioners on Tuesday voted 5-0 to place a $287 million bond election on the November ballot for the courthouse, which would be built on the block south of Republic Square at Fourth and Guadalupe streets. It...
Free Tesla with every unit purchased at new condo

Free Tesla with every unit purchased at new condo

It’s not unusual for some high-end developments to throw in a few freebies to sweeten the pot, but one West Palm Beach, Florida project is taking it to a whole new level. The Z Palm Beach condominium is offering a complimentary Tesla Model S with each unit. The luxe electric car costs about $71,070, according to the Tesla website. The unique development will have just eight units...
Lavish 40-chandelier mansion hits market

Lavish 40-chandelier mansion hits market

A Palm Beach Gardens mansion with old world Italian details has been listed for sale at $30 million, a price tag that makes it the most expensive listing in the city and one that rivals even posh Palm Beach. The 16,000-square-foot home, dubbed Palazzo Grande, has six bedrooms, six full bathrooms and two half bathrooms, a 75-guest ballroom and 40 chandeliers, including 30 Czechoslovakian crystal...
“Ready for a face lift, or can be torn down”, never-lived in mansion on market

“Ready for a face lift, or can be torn down”, never-lived in mansion on market

An oceanfront mansion in Highland Beach is back on the market today with a $12.5 million price tag after a years-long foreclosure case, January auction and purchase this month by an LLC with a mind for flipping. Casa Bella Riente at 3621 South Ocean Boulevard was the subject of a foreclosure that began in 2008, with a final judgment rendered in favor of the bank in September 2013 for $17.8 million...

Q2 Holdings files for Austin’s first IPO of 2014

Austin could soon have its first IPO of the year: Q2 Holdings has filed to raise up to $138 million in an initial public offering of stock. Founded in 2004, the company provides electronic banking services to more than 300 banks and credit unions. Q2 said the number of shares to be sold and the price range for the proposed offering have not yet been determined. J.P. Morgan Securities and Stifel Nicolaus...

Silicon Laboratories reports second quarter earnings

Austin-based chip maker Silicon Laboratories Inc. reported that revenue in the second quarter increased from a year ago but fell from the previous quarter. The company reported revenue of $141.5 million, up 4.3 percent from a year ago, but down 2.6 percent from the first quarter. The company reported a profit of $12.6 million compared with $20.5 million a year ago. Silicon Labs makes a wide range...
Sponsored: Blackhawk offers something for everyone in your family

Sponsored: Blackhawk offers something for everyone in your family

The family-friendly Blackhawk community in Pflugerville plays host to a variety of new homes with amenities that cater to the whole family. The Grisby, at 2,382 square feet, features a great room and beautiful views of the backyard from the kitchen and the family room. A second living area separates two bedrooms. This home also has an oversized patio perfect for outdoor entertaining. You’ll...
Sponsored: Central Texas homes to open their doors for Tour of Homes

Sponsored: Central Texas homes to open their doors for Tour of Homes

Some of Central Texas’ most beautiful homes are preparing to open their doors this month in the annual three-day Tour of Homes, which will give you a chance to be a part of the ultimate open house. From May 17-19, the Home Builders Association of Greater Austin will host a tour of more than 60 homes throughout eight key area communities. The self-guided tour gives potential homebuyers a chance...
Home design projects increasingly taking pets into consideration

Home design projects increasingly taking pets into consideration

After moving into their Great Hills home eight years ago, Beth and Mark Wright decided it was time for a remodel. As they started the process, they focused on making the space better for everyone in their family – especially their 3-year-old golden retriever, Jazzy. “We always knew we needed a place for our sweet little girl,” Beth Wright said. “We don’t have any children...

Early peek puts family in dream home after months of searching

By Mauri Elbel Special to Statesman Solutions One week ago, the Carroll family moved into their new home nestled in Highland Hills, letting out a big sigh of relief after an exhausting six months of house hunting. When they decided to move back to Austin last year, finding a home in the current real estate market proved to be much more difficult than they anticipated. If it weren’t for finding...

Sponsored: Falcon Pointe redefines the meaning of ‘community’

The word is out about Newland Communities’ Falcon Pointe. Almost 50 homes have already been sold in the Pflugerville community this year, and there are more than 25 others under construction that will be ready for move-in before the next school year gets under way. And the schools that serve the community are right there, with a Pflugerville district tricampus on site. Why the buzz? Falcon Pointe...

Sponsored: Low maintenance, highest quality at The Grove at Falconhead

When life’s seasons change, there’s no reason to give up the lifestyle you desire. And the same goes for your home. At The Grove at Falconhead, homeowners will find quality-built, luxury homes with low-maintenance living and amenities galore. The community is perfect for everyone from busy young professionals, active families, retirees and those looking to downsize without sacrificing...

Sponsored: Location and value in Ryland Homes’ Whispering Hollow

When homebuyers were clamoring for quality and value in a premium location, the people at Ryland Homes heard them, loud and clear. They answered the call with Whispering Hollow in Buda. In Whispering Hollow, buyers can choose from 17 floor plans in two expanding sections. Homes range from about 1,600 square feet to almost 4,000 square feet and are priced from the low $200,000s. Add the serenity and...

Sponsored: Leisure activities, breathtaking homes abound at Rough Hollow

For a brief time, the purchase of a Scott Felder home in Rough Hollow will include a one-year golf membership to the Lakeway Country Club, one-year sport membership to World of Tennis or one-year membership to Freedom Boat Club. This is also your opportunity to get in early on the newest section of the community, the West Rim. Take advantage of pre-opening pricing for one of the 31 breathtaking 1/4-...

Sponsored: Build exactly what you want at the exclusive Canyons at Lake Travis

If you’re looking for a cozy haven where you can build the home of your dreams and enjoy amazing views, The Canyons at Lake Travis will meet your every need. This gated community in western Travis County offers a tight-knit feel for residents who also enjoy room to sprawl out on acre-plus lots that feature Hill Country and lake views. Partners in Building, the exclusive builder for the community...
Want some design help but short on time or money? Try e-design

Want some design help but short on time or money? Try e-design

Somewhere between “misty morning” and “misted fern,” the shades began to blur. My husband and I were in the midst of redecorating our guest room, and we were trying to select the perfect shade of green for the walls. As I plopped down on the carpet to flip through the paint chips for the umpteenth time, I silently wished I knew an interior decorator who could weigh in on the...

Finding your home sweet home in Austin

Austin is one of those cities that has it all. One of the greatest challenges about living here is finding that perfect spot that speaks to you — and as we discovered, sometimes that search proves to be a full-circle journey. When we moved back to Texas after years living and working abroad, we knew we wanted to live in Austin. And after a decade of renting, we were ready to buy. I had a brand-new...
Sponsored: Anything your heart desires in elegant Beltorre

Sponsored: Anything your heart desires in elegant Beltorre

Luxury is always on the wish list for a new home. Add amenities and a lot of options to that list as well. Then check them all off in Clear Rock Homes’ Beltorre. Beltorre, in Georgetown, is a prime place to put down roots. Lots are 1+ acres and sell for $63,000 to $99,000. Beautiful floorplans, ranging in size from 2,500 square feet to more than 4,000 square feet, start in the $350,000s. With...
Sponsored: Easy living, close in at NorthEdge

Sponsored: Easy living, close in at NorthEdge

On the north edge of Austin, close to just about everything, sits a community calling you home. Wes Peoples’ NorthEdge condo community is made up of 28 units starting in the $180,000s that all showcase green and contemporary design. The units are built in two or three levels for easy living. There’s no yard to mow or exterior projects for a weekend to-do list: The homeowners association...
Sponsored: Lakeside living with luxury at Waterstone

Sponsored: Lakeside living with luxury at Waterstone

Life on the lake means beautiful views, easy water access and relaxation. It also means a visit to Waterstone on Lake Travis. This condo development was designed by renowned architect Larry Speck to showcase the view, with large windows throughout each of the 71 units peering out onto the lake and the Hill Country. The luxurious modern interiors boast 10-foot ceilings, farmhouse-style sinks and Jenn-Air...
Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Jimmy Jacobs Custom Homes is sharing their design and building expertise with the public on Sunday, March 17. The free, informational Build-On-Your-Lot seminar will take place at their model home in Crystal Falls, located in Leander. These seminars are open to anyone either in the process of, or interested in, building a custom home in the future. From noon to 2 p.m., the seminar will focus on all...
Ideas for welcoming a new neighbor

Ideas for welcoming a new neighbor

We’ve all been there. A new couple moves in across the street. You want to introduce yourself, but you’re not sure how. Rather than waiting for an awkward run-in at the end of the cul-de-sac, why not take over a small, thoughtful gift to welcome them to the neighborhood? “I like cultivating good relationships with my neighbors,” said Nina Gordon, owner of Take Heart, a boutique...
Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Love your home, love your community and love Mother Nature with a Taylor Morrison home in Crystal Falls. This gated Leander community just opened a second phase for new homeowners, with floorplans ranging in size from 2,651 square feet to 4,200 square feet and everything in between. Prices start at $300,000, and buyers get a lot for their investment. All homes feature large social areas, spacious...
Making your home your own

Making your home your own

It’s midnight, and my feet are covered in confetti. No, I haven’t been re-enacting New Year’s Eve or working the night shift at Party City. Confetti is the deceivingly cheerful name of lavender paint my daughters hand-selected for their bedroom when we moved into our new house two months ago. Painting their bedroom is the second project I’ve tackled since we moved in. The first...
More sellers are getting their homes' asking price

More sellers are getting their homes' asking price

Good housing-market news keeps rolling in. The latest says that the gap between the seller’sasking price and the eventual sales price is narrowing, and that homes are selling faster. While this is obviously good news for sellers, buyers should welcome it too. If homes are selling faster and prices are firmer, the buyer faces less risk of losing money on a home purchase. ZipRealty...
Sweetwater offers location, upgrades and more for young family

Sweetwater offers location, upgrades and more for young family

When Matt and Kara Chavez were searching for a home last year, they were thinking long term. They considered their future neighborhood’s amenities. They wanted to make sure their girls would be in a good school district. And they were looking for a sense of community with other young families. “I grew up in Lakeway, so I always liked the area,” Matt Chavez said. “We were trying...
Free home tour to highlight new homes in Belterra

Free home tour to highlight new homes in Belterra

What: Model home tour featuring David Weekley Homes, Highland Homes, Sitterle Homes, Treaty Oak Homes and Wilshire Homes ranging from 1,800 to 4,600 square feet and priced from the mid-$200,000s to more than $500,000 When:1 to 4 p.m. Feb. 23-24 Where: Get maps and information at the Belterra Welcome Center, 151 Trinity Hills Drive, or start at any of the six model homes in the master-planned community...

For this family, yellow brick road led to Circle C

About a year ago, my then 3-year-old daughter became fascinated by the “Wizard of Oz.” Clad in a Dorothy-inspired dress and a pair of miniature ruby red slippers and accompanied by her trusty sidekick Tin Man (her baby sister, dressed in a bargain bin silver costume), she’d saunter through our Houston home quoting the movie. I soon knew every word by heart and found myself having...

C3 Presents buys Emo’s East music club

Emo’s East owner Frank Hendrix has sold the music club to Austin events company C3 Presents, C3 co-owner Charles Attal confirmed Monday. The sale, which includes the transfer of a 10-year lease but does not include the building, comes after over two months of negotiations between Hendrix and C3. “Frank contacted us a few months ago, and it was a natural progression for us, we already do...
More Real Estate Stories