New development on Lake Austin shores shows strong presales

New development on Lake Austin shores shows strong presales The Overlook at Lake Austin will feature 22 townhomes in the West Lake Hills area.[/caption]

After selling about half of its 22 available townhomes in its 2014 round of presale marketing, The Overlook at Lake Austin, 3825 Harbor Village Trail, Austin, appears to be well on its way to becoming a new lakefront neighborhood in West Lake Hills, said Brandon Miller, principal of The Brandon Miller Group, the project’s exclusive marketing agent.

“We’re really lucky to have that land zoned for multi-unit development with unobstructed views of Lake Austin,” Miller said.

The 2-acre project sits near the Lake Austin Marina and includes three-bedroom homes ranging in size from about 2,500 to 3,000 square feet, he said. Every unit will include about 1,000 to 1,200 square feet of rooftop terrace space with plumbing for an outdoor kitchen and bar, he said.

The three-story townhomes will have an option to be equipped with an elevator, Miller said. Prices for the units range from the $900,000s to $1.5 million, he said.

However, not all units overlook the lake. The smaller, lower-priced homesites have a view of trees, Miller said. The exterior of the townhomes will be made of wood, glass, metal and white stucco with the garage doors hidden as part of the facade, he said.

The development began as part of a 1979 planned unit development project, St. Tropez, that allowed for multifamily units, he said. The Overlook at Lake Austin project is the last vacant site in the St. Tropez PUD, he said. Developer Jim Moore is waiting for the city of Austin, in its last round of comments on the project, to grant final site approval permits, he said.

Miller said he expects development to begin in either late 2016 or early 2017.

Larry Speck, former dean of architecture at The University of Texas, is designing the development.


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