The market continues to climb regardless of the current pandemic. Home sales have continued to increase over the past few months and interest rates are low. New home sales continue to
Dated: March 2 2017
In my ten years of being an Austinite, I had the pleasure of spending half of that time living in Spicewood, TX, about an hour outside of Austin, at my parents beautiful Lake home on Lake Travis. I always enjoyed being able to take long hikes, jumping into Lake Travis, and stargazing at night. I often travel to Spicewood to visit my parents and see old friends. One thing that has been the topic of conversation is the new master planned, resort style community, Thomas Ranch, which the Travis County Commissioners Court approved on February 14, 2017.
Thomas Ranch will be placed on 2,200 acres of natural wonder and beauty located off of highway 71 between Spicewood and Bee caves. With access to Lake Travis and the Pedernales River, 700 acres or 33% of the land will be preserved for streams, hiking/biking trails, parks, and lake access to create a native and resort style vibe to the community. 3,300 homes, restaurants, shops, and a market place including cottages, apartments, conventional homes, and custom homes will make up the the three villages, Texas Town, Hilltop, and Cliffside, all being built in 3-5 phases each. To encourage its residents to stay close to home, Thomas Ranch will offer a Town Square for your entertainment along with office buildings to cut down on your commute. Not looking to stay long term and live this far from the city? They have you covered with a resort style hotel offering a luxury hill county retreat.
I spent some time speaking with family and friends of Spicewood on there opinions of this new community, adding 6,000-10,000 residents and learned that there are mixed thoughts. Some, including my dad, are excited to see the development move closer to Spicewood, making the property value much higher and seeing a huge return on there investments. While some who were born and raised in Spicewood, feel it will change the dynamics of the quiet country setting, adding congestion and higher property taxes. Don't get too excited or upset just yet though, Thomas ranch is projected to take anywhere from 15-20 years to complete, with the first residential homes to start popping up in 2019!
Overall I'm thrilled to see Thomas Ranch come to life as Spicewood claims a bigger spot on our map.
Mark started real estate in Austin in 2015 and has been a proud Austinite for over ten years now. He is thrilled to be able to use his dedication and knowledge of the area to help individuals find and....