Stay connected with the latest San Antonio real estate news. See what's happening in San Antonio and stay ahead of the game in this increasingly competitive market. Courtesy of JBGoodwin REALTORS®.
May has started out as a busy month in San Antonio, TX and the housing market is brimming with new listings and ambitious developments. The San Antonio real estate market is showing great growth, with more homes being sold and for better prices. And on that note, here are a couple of real estate stories that have made the news this week.
Million Dollar Real Estate Market in San Antonio
The San Antonio real estate market is growing strong, and it isn't just affordable and mid-range homes that are selling - luxury homes priced at $1 million or higher are on the rise as well. San Antonio is considered a global market, attracting people from all over the country, and internationally. In 2014, people came from over 40 states and 20 countries to live in San Antonio, and a large number of those buyers were in the market for a luxury home.
In the past 2 years, over 200 homes with a price tag of $1 million or more have sold in San Antonio, not including custom-built houses, demonstrating the strength of the city's luxury home market.
New Master-Planned Development in the Works
An exciting new development is coming down the pipes in San Antonio. Brass Real Estate Funds has recently paired up with Convergence Communities to begin the development of a master-planned community. The $100 million dollar development will span across 880 acres just west of the city, emcompassed by the Briggs Ranch Golf Club.
The community has yet to be named, but plans consist of several subdivisions with up to 3,000 homes and 900 apartments in addition to real estate space and office space. Homes in the community are estimated to cost between $230,000 and $690,000, and developers plan to break ground in fourteen to eighteen months.
Live the 007 Lifestyle in this Replica Home
The luxurious One & Only Ocean Club replica home, inspired by the luxury resort featured in two James Bond movies, including Casino Royal, is now on the market. Located in the gated luxury community of Fortaleza on the outskirts of the city, this 4,834 square-foot home is priced at $1.5 million.
This luxury resort-style estate comes with some of the best views in the city, and features an infinity edge pool from which residents can view the dramatic colors of the San Antonio sunset. With 4 bedrooms and 4.5 baths, an expansive patio, and lush, park-like gardens on 2.45 acres of land, this home is a slice of paradise in a secluded setting.
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