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Home prices most affordable in areas with land

Sandy Ranch

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.

Double Spear Stables

The Double Spear Stables are 27 Acres with gated entry, highlighted by wet weather Alligator Creek.

The state of the art horse facilities include a 14,520 square foot, 39 stall barn with office and tack room; and 27 outside stalls. There is a lit arena off the barn, a 60 foot round pen, several fenced paddocks and a large, lit rodeo arena. A second hay barn includes a 1,000 square foot apartment with three bedrooms and one bath.

doublespeargraphic2

The property includes a recently completed, 1,482 square foot Ranch Home. The entryway features a stunning great room highlighted by a stone Rumford fireplace. The open gourmet kitchen has been installed with new appliances. The master suite has vaulted ceilings, double shower, Greek soaking tub, and his & her closets. The separate entry guest loft also has a full bath. The 800 squarare foot detached guest home has living, kitchenette, loft and full bath. Also inside the Ranch Home is a utility room.

The Ranch Home features high end finish, including stained concrete floors, knotty Alder and Cedar wood accents.

doublespeargraphic

Double Spear Stables is located in historic Greune, within 10 minutes of Canyon Lake and the City of New Braunfels. 45 minutes from both Austin and San Antonio. Sold for $1,450,000, additional acreage available. See the for Double Spear Stables listing here.

New Listing: Hill Country Hideaway

hilltop

Hill Country

Cow Creek

Cow Creek

30+ acres surrounded by tall peaks with frontage on clear, limestone bottomed Cow Creek. Cleared, manicured land reveals big oaks and elms, nice grasslands – perfect for horses, hunting and grazing. Incredible Hill Country views throughout. Small hunting cabin with covered storage and fenced corrals. Entire property is fully fenced and gated with plenty of wildlife, including deer, turkey, and dove. No hunting restrictions, no deed restrictions. Accessed via the Preserve at Balcones Canyonland neighborhood (but not part of the community). This is the perfect Hill Country hideaway! See the listing here.

Stunning new listing: California Contemporary on Lake Travis

Entry

Rivercliff Entry

Frank Lloyd Wright architecture and contemporary interiors create this masterpiece on a bluff overlooking the Pedernales Arm of Lake Travis.

This 6,733 Sq Ft, shake roof home was built in 2008. It has 5 Bedrooms and 5.5 Baths and a cool, contemporary finish with stone floors and accents; rift cut oak ceilings, doors, cabinets and accents, and stone fireplaces.

The 5 manicured acres features a man-made stream spilling into a pond, and flowing under the entry.

Great Room

Great Room

The great room, at entry with elevated foyer, has a wood arched ceiling and a granite and stone fireplace with rift cut oak accents. The dining area is open to the great room and has two story ceilings with a stone floor. There is also a wet bar with exotic granite counters, ice maker and refrigerator open to the dining area.

The kitchen is open to the family room also with exotic granite counters, rift cut oak cabinets, stone floors, two sinks and breakfast area with seamless windows looking to the pool and patio.

Master Closet

Master Closet

The two story NanaWall Window System opens to the Infinity Edge pool, patio, and hill country views.

The master bedroom features a stone fireplace, double doors to the patio and NanaWall Window System running the length of the room with seamless corners and folding doors opening to the private, Infinity Edge soaking pool. The master bath has exotic granite counters, stone floors, jetted tub, walk in double shower and doors to the private patio. The master suite also has a huge, custom walk-in closet with center island and granite countertops.

Kitchen

Kitchen

The private office in the master suite has custom built ins, and door to the private stone patio.

A family room has fireplace with granite , rift cut oak wall accents and window trim. An office or bedroom has full bath, seamless windows and entrance to patio. Two other bedrooms have full bath and doors to patio. The guest bedroom has full bath, walk in closet and private stone patio. The home also has utility room and secondary storage room, and attached 4-car garage with air-conditioned pet room.

Back, Pool

Back, Pool

Altogether, 2,210 Sq Ft of stone patios with firepit surround the Infinity Edge pool spilling into overflow pool with spa and fountains.

The covered patio with stone decking off bedrooms leads to tram accessing waterfront. The stone path leads to arched entry with glass facade and wood ceilings.

The home is located near Austin Country Club in the gated community of Rivercliff in Spicewood, Texas, 10 minutes to the new Hill Country Galleria and 30 minutes to downtown Austin.

gate

Equestrian Center

This home can be purchased for $3,750,000 or combined with a 32 acre horse stables, covered riding arena and 3 bed, 2 bath guest home to create your dream luxury ranch.

The 32 acres are fenced and cross fenced, with 5 contiguous 6+ acre lots all ag exempt. Electronically controlled stone and wrought iron gates create the entry, leading to 18 stall horse stables with limestone interior, each with doors to turnouts – 4 foaling stalls and 12 day stalls. Can easily be expanded to include additional stalls. Includes tack area, wash stall, store room and high bay doors on both sides for trailer or RV parking. Gates on both ends allow for trucks, trailers and RVs. The covered stone and split rail fenced riding arena is 100 ft x 200 ft.

Guest Home

Guest Home

The limestone guest home was built in 2006 and includes wood and tile floors with stone accents. The large living area includes a stone fireplace and open dining. The kitchen has granite counters and recent appliances. The master suite has a kitchenette, walk in closet, full bath, and sitting area. The home also features attached two car garage and pond at gated entry.

Owner will consider seller financing, call for details.

 

You can see the home listing here, and the stables/arena/guest home listing here. Call us today!

East Creek is #2 on Austin’s Top 10 Regional Deal List

East Creek

From Top10RealEstateDeals.com, the Top 10 Regional Deals List for the month of September 2009 in the city of Austin features beautiful East Creek in the number two position. This gentleman’s ranch is beautiful country living in a sophisticated soon to be gated community, with both horse and home ammenities catching the eye to make this property one of Austin’s top deals.

See the full top ten deals list here, and see more of the property listing here.

Austin Tops Lists as Best Place to Live

Austin, Texas has caught the eyes of lots of top economic analysts trying to find the best places to live and work in the country right now. Strong growth and opportunity makes property in Austin a great investment. Some highlights:

The Today Show listed Austin as the #3 market most primed to rebound quickly.

WomenCo listed Austin as #1 City for your Career

Relocation.Com listed Austin as #1 City for a Fresh Start

Forbes listed Austin as #1 City for your Money, and the #2 City where Americans are Relocating.

Fortune Small Business named Georgetown, just north of Austin, #1 city to start a business.

Austin is the #1 Top Performing Metro Area.

Central Texas Swimming

 

Gracy Title just released their list of top public swimming holes in Austin, Texas. From their list, here are a few of our favorites:

1.       Hamilton Pool

“Hamilton Creek spills out over limestone outcroppings to create a 50 foot waterfall as it plunges into the head of a steep box canyon.”

2.       Barton Springs Pool

“Within Zilker Park’s 358 acres, lies one of the crown jewels of Austin, Barton Springs Pool. Three acres in size, the pool is fed from under ground springs and is on average 68 degrees year round.” 

3.       Krause Springs

“There are 32 springs on the property, and several feed the manmade pool and the natural pool which flows into Lake Travis.”

4.       Blue Hole, Wimberly

            “Native grasses, wildflowers and groves of varieties of central Texas trees and shrubs are decoratively combined with rocky outcrops, creating a scenic and special environment.”

If you enjoy these beautiful natural features of Central Texas, but would love a more private spot, Dave Murray has many listings that will fit your idea of the perfect Texas oasis. Dave Murray Ranches

    

Krause  Springs                                    Barton Springs                                                Blue Hole