Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
Four Seasons' luxury homes on Lake Austin aren't built yet, but drone footage shows a tower is already in place to show potential buyers their future views. (Steven Joyner)

The brainchild of 1-800-Contacts founder Jonathan Coon and Four Seasons Hotel and Resorts will soon come to fruition with plans for multimillion-dollar lakefront residences by Lake Austin.


Updates on the project, which was first proposed by Coon three years ago, came out Tuesday, confirming that Coon and his development team were partnering with Four Seasons to create The Four Seasons Private Residences Lake Austin. This is Four Season's first standalone residential development in the state, joining the ranks of current locations in London, Los Angeles and San Francisco.

The development sits on 145 acres and will create 179 units that will range from smaller vacation homes just under 2,000-square feet to 7,000-square foot penthouses.

The luxury residences will sprawl across a stretch over a picturesque hillside overlooking Lake Austin. (DBOX for Austin Capital Partners)

The luxury homes will start at $4 million and will emphasize comfortability, beauty and privacy. In addition to units that soak in views from multiple directions, the development will include an indoor garden, an athletic center and spa, a private two-story restaurant, clubhouse and theater.

Half of the cliffside views will also turn into a public overlook above the lake and will include free parking, similar to a nearby Pennybacker Bridge overlook located just west of the property.

According to the Austin Business Journal, Coon said that developers will break ground in early 2023 and should be completed by the end of 2025.

In addition to Coon and Four Seasons developers, others working on the project include executive architects Handel Architects LL P and Page Southerland Page, Inc., project engineer Arup Group Ltd. and sales and marketing team Eric Moreland Group.

Coon said the homes will be made with care for a special reason—he and his wife will also be living on the property.

"Our goal is really to maximize the customer experience, probably because we plan on being customers," Coon told ABJ.

Enjoying Austonia? Signup for our newsletter to get daily Austin news, straight to your morning inbox!

Popular

1923 Lake Austin mansion demolition request pitting preservationists and some neighbors against owner and city preservation office
Austin Monitor

By Jonathan Lee

The Planning Commission was split Tuesday on whether to help save an eclectic lakefront estate from demolition by zoning it historic amid concerns over tax breaks and the likelihood that a previous owner participated in segregation as a business owner.

The property in question, known as the Delisle House, is located at 2002 Scenic Drive in Tarrytown. The main house, with Spanish and Modern influences, was built in 1923 by Raymond Delisle, an optician. A Gothic Revival accessory apartment was built in 1946. The current owner applied to demolish the structures in order to build a new home.'

Keep ReadingShow less
Freaky Floats and other Austin food & drink news
Austin Motel

What's new in Austin food & drink this week:

  • Nau's Enfield Drug closing after losing their lease. Did McGuire Moorman Lambert buy the building, with its vintage soda fountain?
  • Nixta Taqueria Chef Edgar Rico named to Time Magazine's Time 100 Next influencer list, after winning a James Beard Award earlier this year.
  • Question: From what BBQ joint did pescatarian Harry Styles order food this week?
  • Austin Motel is opening the pool and pool bar Wednesday nights in October for Freaky Floats.
  • Vincent's on the Lake closing due to "economic conditions and low water levels [at Lake Travis]."
  • Cenote has closed its Windsor Park location. The East Cesar Chavez location remains open.
  • The Steeping Room on N. Lamar has closed.
  • Local startup It's Skinnyscored new financing for its gluten-free pasta business.
  • P. Terry's opened a new location in Kyle, at 18940 IH-35.