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As we usher in 2024, Austin’s real estate landscape continues to be a tapestry of vibrant neighborhoods, each offering unique lifestyles and tantalizing investment opportunities.
As we step into 2024, the landscape of business growth has evolved remarkably. In my years as a real estate investor and business advisor, I’ve witnessed firsthand the transformative power of real estate in propelling businesses forward.
The city of Lakeway in the Greater Austin suburbs lacks a central gathering place for its residents. A local developer is working to change that with a $500M mixed-use development that will provide its own take on a town square.
The Colony Park area in Austin hasn’t had equitable access to healthy food, transit, health care, and jobs since it was annexed in 1973. Since 2012, federal and local groups have been working to change this through the Colony Park Sustainable Community Project.
Almost 80 new single-family homes for sale are being built seven miles south of Downtown Austin. The boutique development titled “Village on Cooper Lane 26′ is the work of Houston developer David Weekley Homes. They broke ground in late September.
Condominiums near South Lamar Boulevard are usually priced at around $1M at least, however, a new development is making the area more accessible. If you’ve always wanted a condo around S Lamar, but couldn’t accord the 7-figure price tag, Montage by Pearlstone Partners may help you make that a reality.
If you analyzed the housing market in the recent past, it can seem like the housing market drove away many young buyers from buying their first homes.
Two real estate trends that were accelerated by the pandemic could affect the suburbs of Austin. Even before the lockdown, millennials in small to medium cities were moving out of city centers to the suburbs, and many residents of bigger cities were moving to smaller ones.
Austin was named one of the most eco-friendly cities in the US, which is great not only for the future of the city but also for all long-term real estate investments. Climate change is on the mind of many buyers – they want to invest in something that will withstand changing weather patterns. The city was named the number 1 eco-friendly city in the United States.
Southeast Austin is getting more and more attention from real estate investors. Property owner and entrepreneur Barakat Ali, development company Presidium, and Elon Musk and Tesla have everything to do with it.
Q2 2022 ended with Austin being a top 5 market nationwide in terms of strength and low inventory but definitely seeing tempering due to equities markets pulling back, interest rates rising from 3.5% to 5.5% and inflation.
Austin Neighborhood Spotlights
Your Guide to the Best Neighborhoods in Austin
Situated in North Central Austin, and bordering the University of Texas campus, Hancock is a neighborhood that has some great conveniences. Striking the perfect balance between big city living and sleepy and quiet comfort.
Deep Eddy (Westfield) East of MoPac/Highway 1 and south of Enfield Blvd., Deep Eddy (also referred to as “Westfield”), is a small centrally located pocket community.
Just southwest of downtown Austin, Barton Creek occupies a large area featuring a number of very exclusive communities within its zip code. Situated on the edge of downtown Austin, those lucky enough to live within its boundaries enjoy great views of the rolling hills to the west. As lush as our local landscapes can get, Barton Creek is two-thirds greenspace, which means as you drive the winding roads, up and down the many hills, you will be greeted by green at every turn.
A 5-minute drive southwest from downtown Austin, the small, active and tightly-knit Rollingwood neighborhood oozes small-town comfort and warmth despite being bordered by the bustling Bee Cave Lane. The suburb is mostly residential, meaning that the restaurants and business in the area are predominately local establishments.
Circle C Ranch Located in the hills of South Austin (just South & Southwest off Slaughter Lane & MoPac) Circle C Ranch is an activity-rich master-planned community.
Across from Lady Bird Lake along South Congress you’ll find the famous SoCo neighborhood of Austin. On the borders of the historic Travis Heights neighborhood to it’s east, and Bouldin Creek to the west, it’s a great area loaded with eclectic places to shop, dine, exercise, and be entertained or enriched one way or another.
Mueller is a quickly growing neighborhood located just a couple of miles from central downtown and the University of Texas. Located in East Austin, South of 51st St, and North of Airport Blvd. and Manor Rd., this vibrant community occupies 700 acres and can currently be described as a caterpillar becoming a butterfly.
On the borders of the Rosedale, Hyde Park, and Brentwood neighborhoods, the North Loop neighborhood is a fantastic laid-back area with infinite charm that you’ll fall head over heels in love with. North of downtown and the University of Texas campus, this young community has become yet another epicenter of “hip” in Austin. Property values continue to rise, as North Loop is becoming home to many young families, students, and older residents who live in single family homes built in the 1940’s-50’s.
The home of the famous “Y” intersection, West Oak Hill is defined by Highway 290, William Cannon Dr., Southwest Parkway, Thomas Springs, and Circle Drive. Originally “Live Oak Springs,” Oak Hill was annexed by the city of Austin in 2000, and “West Oak Hill” is considered the furrowed west side where “the neighbors are kind, the schools are top-notch, and the stars can be seen brightly, just outside of Austin city lights.”