Condo sales in Texas’ major metro areas are up, as baby boomers, retirees and millennials discover revived downtown areas where workplaces, restaurants, shopping opportunities and entertainment spots have re-staked their claims, according to the Condominium Mid-Year Sales Report released by the Texas Association of REALTORS® last year. “Many young urban professionals and newly retired baby boomers are buying condos, as they provide an affordable alternative to single-family homes and townhomes,” said Leslie Rouda Smith, chairman of the Texas Association of REALTORS®. “These millennials and retirees don’t want the upkeep of a traditional, single-family home and want to be close to nightlife and amenities.”
San Antonio is certainly seeing an uptick in condo sales, in part driven by a surge in the infill condo concept, where builders purchase tracts in urban areas and develop new upscale condominium communities. I recently took a look at David Weekley Homes’ development at The Gardens at Urban Crest. This 43-acre parcel at Oakwell Farms inside Loop 410 was purchased by David Weekley from the Tobin Endowment, and was the last undeveloped tract in the area. Detached 2 and 3-story plans with attached 2-car garages will ring the development, with 1442 – 2326 sq. ft. homes ranging in price from a base of $327,990 to around $425,000 fully loaded.
The interior of the model features a gorgeous gourmet kitchen and a luxurious master bathroom and owner’s retreat with finishes seen in far more expensive homes in neighboring ’09. When a member of my team wondered aloud if the 3-story condo would appeal to couples in their golden years, we were quickly shown where an optional elevator could be included. The proximity to Fort Sam Houston, the Tobin Branch Library at Oakwell and scenic hiking and biking trails at Robert L.B. Tobin Park makes it a great development to consider for buyers wanting close-in new construction. Weekley is building several other condo developments around the city, including one near the Medical Center, and one just down the street from Brackenridge Golf Course. For more information on these developments, click on David Weekley Homes. And contact me through my home page if you are interested in downsizing or making the move to the “Lock and Leave” lifestyle.
Have you seen signs for the new garden home neighborhood coming to Shavano Park? Pond Hill Garden Villas, near the intersection of NW Military and Loop 1604, is being built by Davis Custom Homes, and will have models available to tour in the spring. Four lot sizes with six different floor plans will be available, along with an option for a custom-designed home. The 39 villas will feature interiors with clean lines and open floor plans, and range from 2,100 to 2,700 square feet.
The neighborhood will feature mature trees, gorgeous landscaping and its own homeowners association, according to the builder. Pond Hill’s close proximity to hiking and biking trails along the Salado Creek Greenway, as well as its location right next door to the Shavano Park Tennis Club, make it a great choice for those with active lifestyles. Another plus—Shavano Park is developing paved walkways so residents will be able to walk to nearby restaurants and shopping along NW Military Highway.
Keep an eye on my blog or the Dunlap Real Estate Team Facebook page for more information as it becomes available.