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Buying a home is one of the most significant financial investments you will make in your lifetime. It is a decision that requires careful consideration of all the costs involved, including the monthly mortgage payment. With mortgage rates having increased recently, many potential homebuyers are feel
Elon Musk is venturing into real estate development as he has partnered with Lennar to build a 110-home subdivision on former farmland in Bastrop, Texas. This neighborhood is close to where Musk moved his Boring Company operations and where he is constructing a SpaceX facility. The homes, which may
We hope you're all doing well after the recent ice storm that hit Central Texas. With the storm now behind us, it's time to turn our attention to the cleanup effort. As residents of Homes in Austin, Texas work together to clear away the storm debris, we've put together a table that provides disposal
Smart Austin Realty Group is excited to announce that Cambria Hotels has opened the Cambria Hotel Austin Uptown Near the Domain, a five-story, 135-room hotel at 13205 Burnet Rd. The hotel features luxurious amenities including an outdoor pool and sundeck, fitness center, more than 5,500-sf of multif
A 1031 exchange, also known as a "like-kind exchange" or "tax-deferred exchange," is a real estate transaction in which a property owner can defer paying capital gains taxes on the sale of a property by exchanging it for another investment property. The Internal Revenue Service (IRS) allows this typ
Smart Austin Realty Group is pleased to share news that Trez Capital recently sold two apartment communities in Pflugerville to TerraCap Management. The two communities, Dalton and The Beacon, were completed in 2021 and 2022 respectively and offer one-, two-, and three-bedroom units. Residents of bo
The Del Valle Independent School District has purchased 149 acres in Whisper Valley for a total of $25 million. Surveying of the site has already begun and construction of the high school is scheduled to commence later this year. The land will be used for two separate educational institutions – a mi
Smart Austin Realty Group is pleased to share the news that Johnson Development Corp. has begun the final phase of their 530-acre Bryson residential community in Leander. The master-planned development, which will be completed by 2024, currently has 918 homes, and will include an additional 66 three
As a thriving city known for its tech industry, music scene, and outdoor spaces, Austin, Texas, is filled with options for home buyers and renters. Whether you're interested in purchasing a resale property, a brand-new home, or renting an apartment or house, the Austin real estate market has somethi
Smart Austin Realty Group is excited to share the news that Oni Studios, a 30,000-square-foot production and content creation hub, has opened its doors in Cedar Park, TX. The expansive facility cost $10 million to build and boasts an impressive collection of amenities, including a large-set producti
The Austin Housing Finance Corporation, The Vecino Group, and Caritas of Austin are collaborating on a $53 million affordable housing project called The Libertad Austin. The project will include 198 units in three four-story buildings located at 900 Gardner Rd. It will feature a variety of different
Smart Austin Realty Group is pleased to report that Prologis Inc. has announced plans to construct a five-building industrial complex on 75 acres of land along Brushy Creek Rd. in Cedar Park, Texas. The two parcels, one of 68 acres and one of seven acres, were sold by National Instruments Corp. Cons
Smart Austin Realty Group is excited to report that EVO Entertainment is constructing a new venue in Townwest Commons! The venue is projected to cost $25 million and will be 53,300 square feet in size. The complex will feature eight theaters, ten bowling lanes, 7,200 square feet of gaming space, a b
The Morgan Group Inc. is set to begin construction on Pearl Burnet MF, a seven-story, 400,543-square-foot multifamily property located at 11901 Burnet Rd. in Austin, Texas. The project is expected to cost around $70 million and will be completed in February 2025. The 345-unit tower will feature a fo
Smart Austin Realty Group is pleased to announce that Ultra Hospitality LLC is developing two hotels on 6.1 acres in Manor. The first, a four-story Hampton Inn & Suites, will cost approximately $11.5 million and feature 100 rooms. Construction is scheduled to begin in June and be finished in Ju
CENTRAL TEXAS HOUSING MARKET SET PRICE RECORDS, SHIFTED TOWARDS BUYERS IN 2022 CENTRAL TEXAS HOUSING REPORT EXECUTIVE SUMMARY: • In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Ma
The Texas Real Estate Research Center's (TRERC) research team has attempted to make predictions for the 2023 economy by utilizing their collective understanding of current economic and market conditions and analyzing past market trends. However, it is essential to note that making economic forecasts
Smart Austin Realty Group is excited to share that Apple will begin the second phase of construction on their Parmer Lane campus next month. The new building, called Capstone Phase Two AC09, will feature four stories and span 203,941 square feet, with an estimated cost of $120 million. It is schedul
Smart Austin Realty Group is pleased to share that construction is set to begin on Paseo, a 48-story, 557-unit multifamily tower in the Rainey Street District in Austin. The project, scheduled to begin in the first quarter of 2023, will offer one-, two-, and three-bedroom floor plans, with approxima
Tesla is making a major expansion to its Austin Gigafactory located at 1 Tesla Rd. The $717 million investment consists of four separate buildings. The largest of these is Cell 1, a 693,093-sf facility. The other buildings are a 423,032-sf Drive Unit, a 321,186-sf Cathode, and a 2,560-sf Cell Test L
Welcome to Austin Local Team's Austin Outdoor Bucket List for 2023! If you're looking for "Stuff to do in Austin" that takes advantage of the city's beautiful parks and natural areas, this list is for you. Here are our top recommendations for the must-see locations in Austin. Take in the Views from
As a first-time home buyer in Austin, Texas, preparing for your home purchase well in advance is crucial. The Austin housing market is known for being competitive, with high demand and relatively low inventory. By taking the time to get your finances in order and research the market, you can increas
Good news for Austin! Apple is investing an additional $100 million into building out its new Austin campus. This is a great sign for the city and its real estate sector, which has been put at risk by big tech employers lately due to the recession and the work-from-home model. Facebook is slimming d
The Fairfield Inn & Suites hotel located at 1250 N. I-35 in San Marcos has been sold. Built in 2015, the 108-unit hotel sits on 2.8 acres and features amenities such as a pool, fitness center, meeting space, and a convenience mart. The seller and buyer were both limited liability companies and