What will $1M get you in Austin?

Austin, Texas is known for its real estate affordability as compared to other idyllic places to live. While one million dollars in a city in California just might get you a fixer-upper, in this Texas town that’s far from the case. For example, check out this newly listed home in one of Austin’s most sought after communities, Spanish Oaks. For $1M on the nose you could live at 11919 La Barzola Bend:

We highlight this home not only because it’s our newest listing, but also because we think it’s one of the finest homes at this price point we’ve seen. And we’ve seen a lot of homes. Besides the great location in Bee Cave with easy access to Highway 71, 290, Southwest Parkway, and FM 2244 (Bee Cave Road) and across the street from the new Hill Country Galleria, 11919 La Barzola sits on a hill behind the 24/7 guard gated entrance in Spanish Oaks. The attention to detail is what sets the home apart as you can see from the photos on the 11919 La Barzola Bend virtual tour website. 

If you are interested in this home or other Austin homes for sale, or if you just want to learn more about Austin real estate, please contact Michael Reilly at 512.600.1800. Or start your Austin home search using the great search tools at AustinHomeListings.com. 

Getting a home at Mueller

Catellus Development Corp, the master developer behind the redevelopment of the old Robert Mueller Municipal Airport into a 711 acre “mixed-use urban village”, today announced the process for getting on the list to purchase a new home. (If you don’t yet know about the Mueller project, I recommend visiting the site, http://www.muelleraustin.com/about.html.) Because of the great demand for these homes, the developer has a instituted a registration program called the Mueller Pioneer program. An important note about this process is that it is not on a “first come, first serve” list. There is timeframe to register and after the deadline, a company will be hired to randomly create a priority list of buyers.

This is the process to registering as a Mueller Pioneer.

Starting March 5, 2007 until April 30, 2007, complete a registration form, which will be available online or at Mueller Central, 4550 Mueller Blvd. (703-9220). They want to know which home type from which builder you’re looking to buy. (The builders were announced today.) Registrants may only select one home type and one builder. Due to anticipated high demand, families that register for more than one builder will be disqualified from the Pioneer program. Next, obtain a pre-qualification letter from the builder’s preferred lender. Obtaining the pre-qualification letter requires a $50 nonrefundable payment to the builder’s preferred lender. For those people, interested in buying an affordable home, the registration form is the same, but the pre-qualification will also include income certification from the homebuilder’s preferred lender and, if you need it, consultation with credit counselors.

This is the process after the registrations are submitted:

Catellus will build the list of prospective Pioneers using a randomizing process, overseen by a third party, to assign priority numbers to each Pioneer registration. Each builder will then work directly, in order, with each prospective Pioneer to complete home sales. Catellus will not sell Mueller homes directly. Please note that some builders will not enter into a contract with you if the purchase of a home in Mueller will be contingent upon the selling of your current house.

For more information stay tuned to www.austinhomelistings.com for more exclusive Austin Real Estate News.