Photography by Horseshoe Bay Resort Realty
Location: Horseshoe Bay, Texas
July 1, 2005
The Peninsula, the resort’s newest venture, is billed as the area’s most exclusive development. Surrounded by water, the gated community offers 11 homesites, which start at $900,000. All Peninsula homes must be built with a minimum of 4,200 square feet of living space.
The 80-acre Applehead Island, another gated enclave, offers homes from $1.2
million to more than $5 million. A limited number of waterfront lots are
available, priced from $300,000. LBJ Lakefront offers lots at Matern Island,
priced from $179,000 to $1.1 million. The developer is also building Horseshoe
Bay’s most expensive spec home: at 10,100 square feet for $5 million.; function voidFunc() { } voidFunc();)
Lake LBJ encircles a home on the Peninsula, a coveted neighborhood
within the Horseshoe Bay Resort. (Click image to enlarge)
Buyers looking for Texas-sized lots are investing in the Trails of Lake LBJ,
which boasts miles of hiking trails, a wildlife preserve, pool, clubhouse and
equestrian center. The 200 homesites range from one to three acres, and prices
begin at $100,000 and go up to $400,000. Homes are selling from $500,000 to over
$1 million. About 35 lots have been sold, but according to Walsh, many buyers
plan to resell instead of build.; function voidFunc() { } voidFunc();)
Lakeside dining on the patio at the resort’s yacht club. (Click
image to enlarge)
“I’ve never felt anything as goose-bumpy as Horseshoe Bay–nothing in Arizona,
California or Florida’s panhandle,” says Marley Porter, a principal of Living
Architecture, a developer that is scheduled to break ground on a new hotel and
condo development in Horseshoe Bay later this year.; function voidFunc() { } voidFunc();)
A home on Applehead Island on the market through Horseshoe Bay
Resort Realty. (Click image to enlarge)
Even East and West Coast buyers are starting to take notice. “Compared to the
coasts, Horseshoe Bay offers a better value,” Gordon says. “Once people visit
here, they can’t believe how pretty it is and what a great quality of life the
town offers.”
FACTS & STATS
•GETTING THERE: Horseshoe Bay is accessible via Austin Bergstrom
International Airport and the Horseshoe Bay Airport. The latter’s
6,000-foot-long lighted airstrip accommodates private aircraft and corporate
jets.
•GOLFING GALORE: Escondido, a 482-acre private equity club with 275
homesites and a Tom Fazio golf course, is currently under construction on the
west side of town and will be built out over the next five years. Half-acre-plus
golf course sites start at $275,000. Nearly 100 lots have been sold for a total
value of more than $24 million.
advertisement
