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FOR IMMEDIATE RELEASE
Austin Lake Levels Drive Record $30M in Real Estate Sales at The Reserve at Lake Travis
Summer brings new amenities and new product offers to luxury residential community in greater Austin; remaining cliffside cottages, lake cabins, and homesites moving quickly
AUSTIN, Texas, June 7 /PRNewswire/ — The Reserve at Lake Travis (RLT) is experiencing a real estate surge the likes of which they have not seen since the mid-2000’s with a whopping $30M in sales last year! “Interest has increased dramatically since the lake levels have come up, and now all of our RLT properties have appreciated in value over the last two years,” shares Harry Adams, real estate portfolio and asset manager for McCombs Properties, the RLT developer. RLT has just released their latest home offering, including some of the last lakefront properties on the beautiful south shore of Lake Travis.
McCombs Properties has created the lake’s most distinctive and unique collection of home styles, ranging from estate homesites, contemporary Farmhouses, Cliffside Cottages, to luxe small cabins and treehouses, and all inventory is moving quickly:
“Historically, the Reserve at Lake Travis has been primarily a second home community, with many families, particularly from Houston, purchasing our low-maintenance lake homes for their summer enjoyment,” says Harry Adams of McCombs Properties. “But as the growth of the western corridor of Austin continues to expand more Austinites are looking at the Spicewood area as a primary home destination, and we’ve seen an increase in purchases of our oversized wooded homesites, which are perfect for custom homes.”
Custom builders love RLT. “It’s everything I recommend my buyers look for in a community. Premium location, oversized buildable lots, mature trees, lake views and a stable, experienced developer with a reputation for quality execution, first-rate amenities, and communities that deliver,” explains builder Tod Arbogast.
Winner of the Best Overall Community for a Developer by the Home Builders Association of Greater Austin in both 2011 and 2015, The Reserve boasts unparalleled amenities. Among them, a 162-slip deep water marina accommodating boats up to 100 feet in length, a multi-level resort-style pool featuring a lazy river as well as a swim up bar and The Cypress Lodge with waterfront outdoor dining pavilion, oversized stone fire pits, and large outdoor pizza oven.
On the horizon for Summer at RLT, includes:
The Reserve will be launching the newly built Barn Amenity Center and the new single-family Cypress Cove Treehouses in early June. And later in the summer RLT will launch its million-dollar waterfront Sky Loft condos and the new Icehouse restaurant & bar.
Media Contact: Karin Maake; White Hat Agency; 512-750-0123; [email protected]
SOURCE: The Reserve at Lake Travis
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