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Austin-Area Single- and Multi-Family Projects Present Great Opportunities for Residential Property Investors – Monte Davis

With an increasing population and an increasing demand for housing, Austin-area home builders are building with fervor. Several new single- and multi-family developments are slated for the greater Austin area. Here’s a look at area developments poised to present the best opportunities for residential property investors:

New Community Near Yeti, AMD in South Austin

  • Name: Cayena
  • Location: 5204 Wier Hills Road, less than a mile from Yeti Coolers LLC headquarters and two miles from Advanced Micro Devices Inc. headquarter
  • Details:
    • 41-unit neighborhood and $80 million mixed-use development
    • Two-to three-story homes around 2,200 to 3,500 square feet with prices from the mid-$500s to $800s
    • New sidewalks along Southwest Parkway would allow residents to walk to nearby Lantana Place, an $80 million mixed-use development anchored by a Marriott A/C boutique hotel and the Moviehouse & Eatery dine-in theater.

Mueller Development

  • Location: near Loyola Lane and Ed Bluestein Boulevard
  • Details:
    • 92 single-family homes starting in the mid-$400s
    • 30.5-acre tract previously owned by Austin ISD
    • 25 percent of the homes are reserved for affordable housing
  • Timeline: Expected to be complete by the end of next year

Hutto Developments

First Tract

  • Location: between CR 119 and FM 1660 North, which is east of the State Highway 130 toll road on Hutto’s northern edge
  • Details:
    • Development to include homes, parks and commercial space
    • Around 1,500 residential units
    • 315 acres
    • PUD will also allow pocket parks, a trail system and an approximate two-acre commercial tract at the intersection of the proposed collector roads

Second Tract

  • Location: southeast corner of U.S. Highway 79 and FM 1660
  • Details:
    • High-quality residential housing options and highly accessible recreation space
    • Around 650 village-style single-family homes
    • 167 acres – 50 acres of open space

Cedar Park Developments
Three Points
https://www.mymilestone.com/north-austin-cedar-park/three-points/

  • Location: intersection of Parmer and Brushy Creek
  • Details:
    • 35 acres of residential development and a seven-acre business park
    • 100 housing units
    • Homes starting at $405,990
    • A commercial project on the corner of Parmer and Brushy Creek will be constructed in the future.

Leander Developments

Bar W Ranch

  • Location: southeast of the intersection of Ronald Reagan Blvd. and Hwy 29
  • Details:
    • 34 acres of multifamily residential
    • 120 acres of commercial
    • 182 acres of greenbelt and parkland
    • Construction expected to begin this summer

Leander Junction
https://www.bizjournals.com/austin/news/2018/01/05/plans-for-two-leander-subdivisions-approved-that.html

  • Location: southeastern Leander near the intersection of CR 179 and Ronald Reagan Blvd.
  • Details:
    • 14 acres of multifamily housing and 11 acres of parkland

Leander 61
https://www.bizjournals.com/austin/news/2018/01/05/plans-for-two-leander-subdivisions-approved-that.html

  • Location: intersection of CR 280 and North Bagdad Road
  • Details:
    • 289 single-family lots
    • A commercial lot
    • Around an acre of parkland

Here’s a look at a list of Austin-area residential developments.
https://www.bizjournals.com/austin/subscriber-only/2017/04/14/residential-developments-2017.html

These developments are excellent opportunities for residential property investors who are searching to diversify their portfolio. Reach out to our team today to learn more.

Posted by: Scott Otis on July 2, 2018
Posted in: Uncategorized