The Lake LBJ Real Estate blog
Navigating a Sellers Market on Lake LBJ
Prices on Lake LBJ have skyrocketed and while the appreciation seems fast and furious I believe its here to stay. Â When you look at the amount of waterfront homes and lots on Lake LBJ, it doesn’t take a genius to quickly see that this number is fixed and pretty scarce. Â The State of Texas has seen a huge influx of people over the last few years with numbers like 150 people/day moving to cities like Austin and similar numbers flooding San Antonio, Houston and Dallas. Â This population explosion has created a strong demand for good real estate in the Texas Hill Country, especially for second home properties. Â This means that while prices have risen, as far as we can tell its very justified and in my opinion, in 3-5 years Lake LBJ will be pretty untouchable for the middle class. Â Making an investment in a tight market like Lake LBJ can be difficult but below are a few things to consider and should help you move in the right direction:
- Hire an Expert to represent you – Lake LBJ is different then markets like Houston or Austin and working with an area expert is invaluable in finding deals and opportunities but also in avoiding costly mistakes. Â You want to be represented by an experienced real estate broker that knows the lake and understands the market and can offer you real guidance on a properties real value, resale potential, desirability on the lake and upside.
- Manage your Expectations – Understanding what good properties cost is a very important part of making a good investment on the lake. Â If your budget does not allow you to purchase a good property my recommendation is to hold off until you can afford something worth investing. Â At the same time, if your original budget can be increased to get something better there is often times a lot to gain with a budget increase.
- Buy the Best Water – The waterfront on Lake LBJ is the scarce resource and why you are interested in purchasing. Â Always go for the best waterfront you can buy as an investment strategy and prioritize the house second. Â If you buy good water you can always build, remodel or add on to get the house you want but a great house on bad water will not make you happy.
- Don’t let asking price scare you – Every situation is different and no two seller’s motivations for selling are the same. Â Just because something is listed above your budget don’t be afraid to make an offer. Â While I can’t guarantee every offer will be accepted I have seen some crazy things happen on the lake. Â If you like a property, make an offer at the price you are willing to pay and see if it sticks. You never know.
If you or someone you know is in the market for Lake LBJ Real Estate, contact me today at (512) 786-1515 and let me share some of my favorite deals and opportunities on the lake. Â I look forward to hearing from you!
Spring Break is Here but Inventory is Low: Be Ready
Spring Break is officially here and anyone that has been following the Lake LBJ Real Estate market knows that inventory is limited. Â If you are in the market for a waterfront home on Lake LBJ then you better be ready when the right deal hits the market. Â As you know, Texas has experienced unmatched growth in population over the past few years and waterfront property on Lake LBJ is fixed, and they aren’t making any more of it. Â When good properties hit the market they are quickly scooped up making it very hard to acquire a waterfront home on Lake LBJ.
If you are considering the purchase of a piece of Lake LBJ Real Estate then you need to be prepared so that you can be ready when the right deal shows its face. Â If you plan to finance your purchase I strongly recommend getting pre-approved in advance so no time is wasted. Â If you need a recommendation for a good lender let me know and we will get you connected. Â If you plan on paying cash, I recommend having a proof of funds available that can be presented with your offer.
Right now, it seems that a healthy entry point into the market is approx $600k for good water. Â At that price it should be expected that some remodeling will be necessary. Â You may find something slightly cheaper but anything that looks too good to be true probably is. Â Remember that the waterfront is the scarce resource and I will always recommend getting the best piece of water your money can buy and worry about the house later. Â Having reasonable expectations will help you make a quick decision in this very tight real estate market.
If you or someone you know is in the market for Lake LBJ Real Estate contact me today at (512) 786-1515. Â I keep a close eye on the market and make my clients aware of good waterfront homes before they hit the market. Â I know Lake LBJ like the back of my hand and can help you make a sound investment in waterfront real estate.
Lake Levels down 4 ft for maintenance
If you own a piece of Lake LBJ Real Estate hopefully you are aware that the lake is down approximately 4 ft. Â The LCRA manually lowers the lake every so often to allow for boat dock maintenance and lake bottom cleaning which is a great benefit of own on Lake LBJ. Â As a Lake LBJ Property owner you know that the vegetation on the lake can be very problematic and because of the recent drought and the fact that the LCRA has not lowered the lake in many years this was a much needed event. Â The lake will be down for a few more weeks and if you have not already I strongly recommending spending some time or hiring some help to get that lake bottom cleaned. Â This is also a great time to check for any needed repair to your dock or the piers that hold it up.
When buying a piece of Lake LBJ Real Estate its good to see the lake bottom when possible to understand just what you are buying. Â The waterfront on Lake LBJ is the scarce resource so the more information you can have about your lake bottom the better.
If you or someone you know is considering a purchase or sale of Lake LBJ Real Estate, contact me today at (512) 786-1515 for more information. Â I look forward to hearing from you!
Blue Lake Lot For Sale
Anyone that knows anything about Lake LBJ Real Estate knows that Blue Lake Estates is the place to be. Â In fact, it is in my opinion the most coveted area on the lake known for its proximity to Austin and San Antonio, its Horseshoe Bay address, incredible waterfront and 9 hole golf course in the center. Â If you have ever browsed for Lake LBJ Real Estate you would have also seen that Blue Lake Estates demands a hefty price tag. Â One option that most people don’t consider is buying a lot and building to save money and build instant equity.
3010 Packsaddle is an excellent opportunity for just that. Â This large lot has 90 waterfront ft, gorgeous views of Pack Saddle mountain and awesome, deep-channel water on the sandy arm. This lot has been partially cleared leaving only the good trees and is ready for your new build. Â This property does have some topography to work around but that topography provides for awesome views and would provides a unique setting for a spectacular home. Â This property is currently listed at $575,000. Â If you or someone you know would like more information, contact me at (512) 786-1515. Â I look forward to hearing from you
The biggest Tree on Lake LBJ
If you like trees then you will sure appreciate this post. Â Trees have always been something I love and most importantly they provide a significant amount of value to Lake LBJ Real Estate. Â Waterfront properties on Lake LBJ that have large, mature trees covering them are worth more than similar properties without trees. Â These trees provide much needed shade in the hot summer but also add to the property from an aesthetic standpoint. Â Because it takes 100s of not 1000s of years to grow to this size good trees are irreplaceable.
Check out this enormous, old growth live oak tree that lives on the shores of Lake LBJ in Sunrise Beach. Â This tree has a healthy canopy with dense leaves providing the perfect shade for the house and patio. Â The tree is a true force to be reckoned with and you can see that one really has to let it do its thing. Â 307 Deer is currently being offered for sale and this tree is one of the many things that makes this place so special. Â what do you think?
If you or someone you know would like more information on Sunrise Beach real estate or lake LBJ real estate contact me at (512) 786-1515
Waterfront Open House Today!
If you are in the market for Lake LBJ real estate in Blue Lake estates be sure to stop by our waterfront open house going on right now on Lake LBJ. Â Today (1/8) until 5pm we will have Lake LBJ’s #1 waterfront property open for you to tour. Â Come by and see us and walk through this impressive home, designed by Webber + Studios. Â The property is 5330 sq ft with over 400 ft of perfect water, offering panoramic views and a design that will blow you away. Â For more information call me at (512) 786-1515
3912 Pack Saddle from Eric carvajal on Vimeo.
One of Lake LBJ’s finest, now for sale
If you are someone that appreciates unique opportunities and choice pieces of property 421 Hillview will peak your interest, and its not in Horseshoe Bay. Â In my opinion this is arguably one of the best properties on Lake LBJ and the upside for a tract of land like this is endless. Â With nearly 800 ft of wide open, granite bottom water staring right at Horseshoe Bay you will not find a bigger piece of waterfront on the lake. Â In fact, there are only a handful of properties with this amount of waterfront and even if one does exist, the chances of it coming for sale at the right time are slim to none. Â The current owners have owned this property for many years . Â The property has a main house swith 3 beds and 2.5 baths. Â There is also a large boat dock with huge storage closet and bunk room with full bath. Â The house is very livable and could be remodeled or even demolished to make room for your dream estate. Â The property features mature mesquite, pine trees and crepe myrtles and is also home to a very large, perfectly placed old growth live oak. Â If you or someone you know is interested in owning an elite piece of Lake LBJ Real Estate look no furtheer. Â Call me today at (512) 786-1515 to schedule a private tour of this unique estate on Lake LBJ.
New Waterfront Listing – 615 Clear Cove: $635,000
If you are in the market for Lake LBJ Real Estate you need to know about 615 Clear Cove. Â This single story home has approx 2071 sq ft, built in 2002 that is perfectly updated to create a warm and inviting spot on Lake LBJ. Â The house is a 3 bedroom, 2 bath with large master suite with lake views and a spacious master bath. Â The large and open living room is connected to the dining room and updated kitchen offering the perfect setting to entertain family and friends all while enjoying the panoramic waterfront views. Â Down by the water you will find a built in fire pit, day deck with wood swing and concrete built boat house for your toys. Â 615 Clear Cove has been aggressively priced at $635,000 offering a tremendous value for a waterfront home on Lake LBJ. Â This home can also be purchased fully furnished with the boat. Â If you or someone you know is in the market for Lake LBJ Real Estate contact me today at (512) 786-1515 for exclusive, off-mls access to this one-of-a-kind home.
Kingsland Open Water Fire Sale
47279938 – word sale in fire.
Its not very often that screaming deals come available on Lake LBJ. In fact, in the last few years there has been such a large amount of growth in the region that waterfront homes and lots on Lake LBJ are actually quite scarce. That being said, every once in a while there is a piece of low hanging fruit that presents itself and if you like to invest or simply want a great buy on Lake LBJ Real Estate you must act fast. 2504 Fredwoods is a unique opportunity to own 2.5 acres along the Colorado arm with approximately 67 ft of waterfront along one of the widest parts of Lake LBJ. This choice piece of property is currently divided into 7 total lots and because these 7 lots make up the neighborhood in its entirety there are very few restrictions or limitations. The current owner purchased the property in May of 2016 for $515,000 and due to a financial situation needs to liquidate the property and is currently offering it at $425,000 for a quick sale (Fire Sale on Lake LBJ). If you or someone you know is looking for an investment opportunity or a place to build your dream waterfront home, this is an opportunity worth looking into. For more information on Lake LBJ Real Estate or to schedule a viewing contact me at (512) 786-1515.
LCRA to lower Lake LBJ starting January 2nd, 2017
The LCRA will lower Lake LBJ beginning January 2nd, 2017 for about 6 weeks until February 13th. Â According to the LCRA the draw down will take approx. 3 to 4 days and the water will be stored in Lake Travis until needed downs stream. Â The water levels will then be replenished from water currently stored in Lake Buchanan. Â This offers a great opportunity for waterfront property owners to repair and maintain waterfront improvements such as boat docks, piers and retaining walls along the water’s edge. Â This will also be good in controlling/managing underwater growth of Hydrilla and Eurasian waterMilfoil. Â I strongly recommend Lake LBJ Real Estate owners begin planning and scheduling needed work as this will be a very busy time for area contractors.
For more information visit the LCRA website or contact me at (512) 786-1515.
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