Luxury real estate is booming in Texas, meaning no matter what you see in your dream home, you can likely find it right here in the Hill Country.
Whether it’s a movie theater, recording space, wine sanctuary, dumbwaiter kitchen, rain shower, large lot for landscaping, outdoor kitchen or sunroom you’re after, you can find it in at least one of these listings.
The houses, held by Compass agents, are located all over the Austin area and are on the market now.
164 Heritage Hollow Cove | $1,220,000
Dubbed “The Wine Lover’s House” for good reason, this Dripping Springs Hill Country home has a wine room that holds up to 1,700 bottles. With light cabinetry, wood floors that welcome in light, an open-plan kitchen, a rain shower in the master bathroom and maximized vertical space, the home is an indoor dream. However, possibly the best feature of the home is its screened-in sunroom, inviting for afternoon tea, with an outdoor kitchen and grill just a few steps away. A rare 3,242 square foot one-story find, the four-bedroom, three-and-a-half bathroom home has a split three-car garage and is just 20 minutes from Bee Cave.
This listing is held by Wendy Elder.
7512 Doswell Lane | $1,790,000
Located in South Austin’s Circle C neighborhood, this five-bedroom, four-and-a-half bathroom home is an enormous 5,153 square feet. The house was built in 2003 but has a newly-updated kitchen, recessed lighting and new roof as of this year. Massive windows on the ground floor of the house keep it lit with plenty of natural light, plus the home comes with upscale features like the movie theater and outdoor hot tub patio.
This listing is held by Kristi Larkam.
130 Burgess Lane | $2,199,900
Unassuming on the outside, this West Austin home in the Ridge at Alta Vista neighborhood is full of surprises. At a huge 7,505 square feet with five bedrooms, each with their own walk-in closet, and five-and-a-half bathrooms, the home is spread across three floors and was renovated in 2017. The ideal home for an entertainer, two chefs kitchens connected by a dumbwaiter will allow you to create your culinary masterpiece. With a movie theater and a soundproof recording studio, this home is perfect for the up-and-coming podcaster. This home is also on a half-acre of land!
This listing is held by Joanna Lee.
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Elon Musk has proposed once again to buy Twitter for $54.20 a share.
The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.
The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.
While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.
The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.
After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.
With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.
He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.
Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.
Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.
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While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.
The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.
“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.
Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.
The data reflects large apartment communities, single-family homes and 2-6 unit buildings.
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