Austin Luxury Real Estate Blog

Luxury Home Development to Feature Environmental Research

September 25, 2023 | Brian Talley

Mirasol Springs, a 1,400-acre luxury home development on the Pedernales River near the Travis County and Hays County lines, also will be home to an environmental research site as part of the Texas Field Station Network. The University of Texas at Austin will spend $150 million from donations, federal research grants, and university funds, while […]

The Pearl in Bee Cave Soon to Break Ground

August 22, 2023 | Brian Talley

The Pearl development is expected to break ground this September 2023 at 13200 Bee Cave Parkway in Bee Cave, west of Austin. The project is located off of RR 620 and will include 59 townhomes for sale, as well as an apartment community. Some properties will be available by the end of 2024, while the […]

Austin Cracks Top 10 for Luxury Homes

July 28, 2023 | Brian Talley

Austin is now in the top 10 among United States metro cities for properties with price tags of $1 million and more. Almost 25 percent of home listings are over the $1 million mark, according to a Point2Homes report. Of the Austin luxury listings, 1.5 percent are $5 million and above. This compares to the […]

A “New Town” May Be Coming Soon to Central Texas

June 20, 2023 | Brian Talley

A massive “new town” master-planned community could be underway soon near Salado, which is north of Austin between Georgetown and Temple. DMB Development is under contract to buy over 7,000 acres of the Solana Ranch, a cattle and wildlife ranch that spans more than 13 miles, while the creation of its future municipal utility district […]

Austin a Second-Home Hotspot for Centi-Millionaires

March 13, 2023 | Brian Talley

Austin is a second-home hotspot for United States centi-millionaires, according to a report by Zero Hedge based on data from a Henley & Partners private wealth sector report. Centi-millionaires are those with wealth of $100 million or more. Following the trend of hybrid living brought about by more work-at-home flexibility, people chose “naturally beautiful settings,” as […]

Austin is the #1 City for Incoming Millionaires

March 2, 2023 | Brian Talley

Austin is the fastest-growing residential destination for millionaires, according to the Henley & Partners 2023 Wealth Report. Austin experienced a 102 percent “Millionaire Growth Rate” from 2012 to 2022 and is reported to have 30,500 millionaires, 86 centi-millionaires, and nine billionaires. “There is a notable internal ‘semigration’ of high-net-worth individuals currently underway,” stated the section […]

Austin Luxury Homes Sales Increase Year over Year

January 27, 2023 | Brian Talley

Sales of Austin-Round Rock MSA homes that closed for $1 million or more increased 15 percent in a year-over-year comparison, based on sales from November 2021 to October 2022. This equaled 3,564 homes at this high-end price range, accounting for 25.7 percent of all Austin residential real estate transactions, according to the Texas REALTORS® 2022 […]

New Master-Planned Community in Greater Austin Area

November 18, 2022 | Brian Talley

Johnson Development Services, an affiliate of Johnson Development Corporation, broke ground on a new master-planned community in the greater Austin area. Nolina is located in Williamson County off of Ronald Reagan Boulevard in Georgetown. The 524-acre community will have up to 1,335 single-family homes, as well as a pool and splash pad, a fitness center, […]

Canyon Ranch to Open Austin-area Resort

October 28, 2022 | Brian Talley

Canyon Ranch partnered with VICI Properties Inc., a real estate investment trust, to secure up to $200 million in capital to develop a new Austin resort in the Texas hill country. Construction on Canyon Ranch Austin is expected to begin in 2023, and the all-inclusive wellness-resort is expected to open to guests in 2025. Canyon […]

Luxury Westline Neighborhood Under Construction in Clarksville

August 24, 2022 | Brian Talley

The luxury home community of Westline is under construction in the Clarksville area of central Austin. The neighborhood will feature 16 “traditional yet modern” single-family and townhouse-style homes ranging from two to four bedrooms, 1,990 to 3,511 square feet, and $1.9 million to $3.33 million. The homes will be managed by a condo association for […]