Develop Austin Texas

Lake Travis Acreage

Just a few miles north of Lago Vista, this approx. 24.5 acre Lake Travis waterfront property features gorgeous views of the limestone cliffs along the Cow Creek arm of Lake Travis. A gentle slope leads to the very accessible 330+ ft. of waterfront which features a nice flat area perfect for a lakeside cabana or patio. Terraced land also features a wet weather creek with limestone grotto and rough roads cut to the 1,000 SF home with all utilities. Could be renovated or torn down to build your dream home. No restrictions, ability to subdivide and commercial possibilities with highway frontage.

See the listing or virtual tour for more.

Big waterfront on Cow Creek Arm of Lake Travis - over 330 feet

The 2010 Texas Construction Outlook, released last week my McGraw-Hill, expects a 30% increase in Austin’s construction starts, and a 16% increase statewide, for a $52.5 billion industry. Austin is leading the other metropolitan areas, with Houston expecting a 17% boost, Dallas 16%, El Paso 8% and San Antonio 6%.

The biggest category for growth is expected to be in residential housing. Single family housing starts will increase by 31%, and multifamily by 34%. Nonresidential housing construction is expected to slip 1%, but public works and utilities should increase by 21%, boosted by federal stimulus funding.

For more than 100 years, McGraw-Hill “has compiled project and product information, plans and specifications and industry news and forecasts” to make their predictions.

Now is a great time to invest in development land in Austin and central Texas.

Pictured: The Falls – 315 Acres on Lake Travis

Beginning in February, the run down airport corridor on East 7th Street between 183 and downtown will be undergoing major renovation. A year of planning and $11.5 million are going into the project which should improve traffic, businesses, and general conditions in the area.

“East Seventh is considered a gateway to our airport, if not the gateway,” said developer Perry Lorenz. “If you think of it as a gateway for first-time visitors, ‘sad’ is what comes to mind.”

Developers and businesses are already interested in the renovation in the area. Project managers from the two Austin firms who won the project (Capital Excavation and Cash Construction) say to expect the difference to be “like day and night,” with cracked pavement replaced by brick layers, and palm trees lining the streets.

Two .2 acre lots on Tammye Lane in Austin are available for development or workspace opportunity. To be built on each are 2,000 sq ft garage/office spaces – 1,800 sq ft of storage space with 16 ft ceilings, 200 sq ft separate entry office, and 8 ft garage door.

The land is cleared of cedars and brush, with no zoning and no restrictions. Just minutes to Lohmans and 1431, this area is surrounded by development. Additional land available.

See the listing here.

As the Austin Business Journal reported on Monday, a new Grubb and Ellis Co. forecast ranked Austin as  the number one market “for long term office, industrial, retail, and multi-housing investment potential.”

One other city in Texas, Houston, appeared on the list, in the sixth spot.

Says Bob Bach, Grubb and Ellis Senior Vice President and Chief Economist: “The good news is that the freefall we saw in 2009 is over and the future is more certain, giving owners and users of real estate the confidence to begin making decisions again.”

Grubb and Ellis Co. is a real estate and investment services firm out of Santa Ana, California.  You can view their entire 2010 Forecast for the whole US or your local area. Now is the time to look at the commercial real estate opportunities Austin has to offer.

The Falls: 315 Acres on Lake Travis

This stunning piece of property features Lake Travis waterfront and views, with cleared fields and mature trees.

This property includes frontage on two paved, maintained county roads with a hard corner. The land gently slopes to the approx. 3700 feet of waterfront on deep Bee Hollow Cove on the Lake. Many waterfront and lake view build sites sit on the property, that is surrounded by high-end waterfront homes and ranches.

Lake View

Located in the Lago Vista, water and sewer will be provided by the city. Lago Vista ISD is an exceptional school district, with Lago Vista High School rated as one of the top ten high schools in Central Texas (Austin Monthly). With the completion of the 183A Tollway, this area will not just be attractive to second home buyers from around Texas, but for primary residences as well.

This location would make an excellent personal ranch or land investment. Take your chance to see the listing today.

305 acre ranch featuring over 3,500 ft. on crystal clear Double Horn Creek and a deep pool perfect for swimming and fishing. 20 mile panoramic views of surrounding Hill Country from hilltop.

These 305 well maintained acres sit on beautiful, spring-fed, rock bottomed, year-round Double Horn Creek – with about 2400 feet on each side of the creek, and 1200 feet to the center of the creek. A waterfall spills into the very deep pool, perfect for water recreation. About 300 feet of Gridiron Creek spills into Double Horn Creek. A good road at the entry leads to a dam on the creek.

A big hilltop gives 20 miles of views of the surrounding hill country. A 25-30 acre cleared pasture is perfect for cattle grazing or a pecan orchard. The ranch is filled with mature trees: pecans, oaks, elms, sycamores, ash and more.

Borders large acreage properties including LCRA parkland. Ag exempt, taxes were $489 last year. Frontage on CR 404 and CR 402 – both are paved public roads. Electricity, telephone, septic and well on property. 15 minutes to Marble Falls, 25 minutes to the Hill Country Galleria.

See the listing or virtual tour for more information and pictures.

Photo taken at: Bella Tesoro

Sandy Ranch

CNN Money’s article “What Housing Bust?” covers what areas of the nation have done well in the housing market, and why. According to writer Les Christie, areas with plenty of available developable land have smaller swings between home price highs and lows. This is because, when the demand for housing spikes, home builders are able to build more homes and keep the housing prices in check. Speed is also of the essence here, home builders need to be able to build quickly, thus, the need for available land.

“Elasticity of supply,” this is called, according to Mark Fleming, chief economist for First American CoreLogic. And Christie says, it is the definition of Texas real estate, and similar throughout all the metro areas.

“Texas is the poster child for these ‘steady Eddie’ states. House prices during the past three years rose in all 26 metro areas with gains ranging from 2.8% for Dallas, the second largest metro area, to 9.7% in Houston, the largest, to a whopping 32.5% in Odessa.”

This is part of what is causing the metro areas in Texas, including Austin, to grow so rapidly. Landowners in the Austin area should continue to see their investments in high demand for buyers and developers.

The results are in, and Texans have voted to pass all 11 proposed amendments to the state constitution, including those we’ve reported on, for appraisal reform.

Proposition 11, which limits the government’s power to eminent domain, was hugely popular and passed by an 80-20 margin. “The amendment bans governments in Texas from seizing private property and giving it to a private developer to boost the tax base,” reports KXAN News.

Over 43,500 residents voted in Travis County.

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