Before my husband and I had kids, we were cool. We ran together daily on Town Lake, we went antiquing on South Congress, we drank at local dives and ate buttermilk pancakes at Magnolia Café every weekend. We were hipsters. Our motto was if you don’t live in the 78704, you’re utterly lame and you don’t really qualify as being an Austinite. When we renovated our home on South 2nd Street back in 2003, we purposely designed it to look weird. We didn’t care. It was South Austin. The weirder, the better.
One marriage and two kids later, I find myself puttering around Lakeway in our champagne-colored Tahoe like 98% of the suburbanites out here, rarely going downtown, because it’s “just too far away.” Oh how I miss being cool. And being in the “04.”
Did you know the Austin rental market nears 95 percent occupancy? South Austin is beyond cool now and new developments like Sola City Homes and The Sycamore are delivering unprecedented value in one of the most coveted neighborhoods in town – the “golden rectangle.” I toured these two properties and was shocked that there was such unbelievable value. The developers bought band foreclosures at a discount and then dropped the market price to sell the properties fast.
These new Austin real estate gems allow buyers to live the legendary Austin lifestyle at a wholesale price of 25 percent below market value, and a mere 3 miles from downtown in 78704. Buyers can realize equity when they move in as the houses are being appraised at $81K-82K higher than the offering. What truly sets these properties apart is that regardless of the overall market conditions of the last few years, their customers are buying because they are shown real value. With these new properties, they’re able to pass on the savings to the public, and buyers immediately recognize the value. How sweet is that?
Central Austin properties like Sola and Sycamore are spacious and comfortable and close to everything that people love about central Austin living – music, history, culture, food and entertainment. In fact, some of the best restaurants and music venues are located just blocks from these communities.
Sola City Homes are newly constructed town home-style condos located off of South Lamar, and boast sustainable architecture and simple designs. These unique offerings allow home buyers to compare the $140 per square foot to the $200+ per square foot 78704 area average pricing. Residents also appreciate their spacious 2,000+ SF floor plans and 10 ft. ceilings
The Sycamore is a private, gated community in South Austin near South Congress that boasts detached, contemporary town homes. The Sycamore features energy-efficient and technological amenities mixed with bold designs, a 2-car garage and private yards. The Sycamore features energy-efficient and technological amenities mixed with bold designs, 2-car garage and private yards. Units are 1,500 sq. ft., 2 Bedrooms, 2.5 baths with a study and garage, starting at $240,000.
Barton Creek Capital has sold 140 homes with the average days on market to contract of less than 3 days, and they are the largest, and arguably the only, wholesaler of condos in the desirable 78704 zip code. These new developments have opened up new options for living near downtown with pricing that beats rental rates by wholesaling condos and town homes and returning real value.