The Reserve at Lake Travis experienced record-breaking sales in 2016, with $30 million in home closings at the luxury master planned community on Lake Travis. Representatives say the surge is the largest they’ve seen since the mid-2000s and can be credited in part to near-full lake levels.
“Interest has increased dramatically since the lake levels have come up, and now all of our RLT properties have appreciated in value over the last two years,” said Harry Adams, real estate portfolio and asset manager for McCombs Properties, the developer of The Reserve at Lake Travis.
In 2011 and 2015, the community was the Winner of the Best Overall Community for a Developer by the Home Builders Association of Greater Austin. Its amenities include a 162-slip deep water marina accommodating boats up to 100 feet in length, a multi-level resort-style pool with a lazy river and a swim-up bar, and a lodge that includes a waterfront outdoor dining pavilion, stone fire pits, and an outdoor pizza oven.
Coming soon for the development are a ship store, a new lakeside waterfront bar and restaurant, and a state-of-the-art activity center.
McCombs Properties’ Harry Adams said, “Historically, the Reserve at Lake Travis has been primarily a second home community, with many families, particularly from Houston, purchasing our low-maintenance lake homes for their summer enjoyment. But as the growth of the western corridor of Austin continues to expand, more Austinites are looking at the Spicewood area as a primary home destination, and we’ve seen an increase in purchases of our oversized wooded homesites, which are perfect for custom homes.”
A handful of homes are available in earlier sections, as well as upcoming waterfront condos and the debut of the Farmhouse Collection, a contemporary, urban farmhouse style of homes with metal roofs and hill country views. An enclave of lock-and-leave homes will be the last piece of waterfront land to be developed.