After going digital for a year due to the pandemic, the Austin Modern Homes Tour is returning in person on Saturday for a tour of eight houses in one of the hottest real estate markets in the country.
Put on by Austin’s Modern Architecture + Design Society, attendees will be able to explore the private homes, talk with onsite designers and architects and admire some of the “city’s most specular” residences starting at 10 a.m.
Here’s a sneak peek into the outstanding abodes.
Studio Momentum Architects
Showing off how a house can be upgraded into a home, this 1957-built dwelling is now the picture of modernity after a 2020 renovation. With the goal of reinvigorating the building to serve the needs of a family of four while still maintaining critical structures, the renovation process added an expanded kitchen and master suite, a basement entertainment area that opens up to the new pool and skyline views to the North.
Reflecting the clean lines of trendy new homes in Austin, this house on 2602 S. 3rd St. clocks at 3,048 square feet with three bedrooms, three bathrooms and a powder room, with options for up to five bedrooms. Despite being located on rough terrain, the home has earned an Austin Energy Green Building five-star certification without having to sacrifice style.
Petrini Custom Builders
Named the “Dip Cove” residence, this Barton Hills home is located on almost half an acre in one of the most coveted neighborhoods in the city. With five bedrooms, four bathrooms, two half bathrooms, two kitchens and a separate guest apartment, there is plenty of room to roam. Your house should be your own personal spa, which is why this home comes with two steam rooms, plastered showers and a 27,000 square foot infinity pool.
Joseph Design Build
On a large corner lot in the Bouldin Creek neighborhood, this home’s floor-to-ceiling windows aim to “lessen distinctions” between indoor and outdoor spaces. The full second floor is dedicated to a luxury primary suite with a bathroom spa, walk-in closet and balcony that leads directly to a rooftop deck with downtown views. Don’t miss the brick accent walls, pool and indoor elevator.
Built by contractor Steven Kruse, Moontower is an accessory dwelling unit located on Berkman Drive, meaning it sits on another home’s lot. At just 800 square feet, Moontower is small but thoughtfully designed with a minimal palette, white walls and skylights to keep the natural light flowing in.
Workshop No. 5 + Mosier Luxury Homes
This Clarksville home, with three bedrooms and three-and-a-half bathrooms, features sweeping skyline views and was built in 2017. The home features an open layout, with views of the city from the living and dining room, striking blue cabinets in the kitchen, which opens to a backyard perfect for entertaining. Your guests will love to stay in the guest suite, which features a picturesque balcony and an outdoor shower.
Located in charming Tarrytown, this 3,700 square foot home is beautifully modern on the outside. Upon entry, you’ll come face-to-face with a gallery space before the living, dining and kitchen area. The 400-gallon aquarium is a great conversation starter, which leads to the floating glass staircase rising above a lit wine rack. End the tour in the outdoor living space, which includes a misting system for those hot summer days.
Jair Gonzales presented by Compass Realty
Built by architect Jair Gonzalez to be his personal home, know that no expense was spared to create this exquisite abode. Expect Carrera marble countertops in the restaurant-style kitchen, floor-to-ceiling windows, an 8-foot masonry fireplace and quarter sawed white oak floors. A new addition, courtesy of the current owner, expanded the rooftop, adding another study and a pneumatic elevator.
Tickets are required for the event and range from $15-$40.
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So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!
Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
Camp Fimfo Waco
Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
Right now, you can get the fourth night FREE when you book three nights with the promo code BONUS! Check out the Offers page for full details and more promo codes!