New Builds Too Pricey? Try These Austin Area Homes Starting at $260k
With the clock ticking down to 2024, we bring you what will likely be our last discounted new home deal of the year. And what a deal it is!
We have been researching the vibrant community of Lockhart for some time and are drawn to its combination of small-town charm and central location in the Texas Innovation Corridor. Just 29 miles south of Austin, it is a comparable distance from downtown Austin as Leander, Hutto, and Georgetown to the north. The main difference is that the home prices in Lockhart are currently the lowest in the Greater Austin area, leaving ample room for property value appreciation potential.
And with Real International’s bulk deal discount, your room for appreciation is even more.
Based on recent transfers in Lockhart, the real market price for a small floor plan 4-bedroom, 2-bathroom new home is $304,095.
Yet with Real International’s discounts, these homes start at only $260K. All floor plans are now under $300K. The builder has granted Real International an additional discount, reducing the price by up to $35,000! That’s enough to buy a new car.
Surprisingly, Lockhart, though not a big city, has rental rates reaching $2,190. Rent per square foot is $1.3, which is much higher than other Austin satellites.
Community & Property Details
Price: $260K+ (Market value: $304K-$330K)
Excellent floorplans: 3-4 bedrooms, 2-2.5 bathrooms, 1200sqft-2100sqft, Multiple layouts available
Excellent Neighborhood: Friendly environment with few new homes nearby, minimal competition in a growing rental market
Low Costs: Tax rate of 1.9903%, HOA $68/month
Location: Only a 3-minute drive from Lockhart city center, and right across from the elementary school! Parents can walk their kids to school!
What is Special About Lockhart?
Connected to the Texas Innovation Corridor
Connected through the fastest interstate highway, the SH-130 corridor, Lockhart is just 25 minutes away from the airport and Tesla headquarters. Taking SH-183 leads directly to East Austin – a hotspot for young Americans. A 25-minute drive west puts you in San Marcos – giving you access to Texas State University and San Marcos Premium Outlets. Buda and Kyle business districts are also just 25 minutes away.
The SH 130 corridor is not only the fastest highway in the U.S. but also a vibrant economic artery connecting key areas like Round Rock, Pflugerville, Austin, Manor, and Del Valle (where Tesla is located). This corridor supports Lockhart as a manufacturing center, witnessing the development trajectory of central Texas.
Small Town Charm
Lockhart serves as the political focal point (County Seat) for Caldwell County, housing the government, courts, and administrative center. The iconic red-roofed building on Lockhart Square is the city hall and courthouse. Lockhart holds significant historical importance in Texas, boasting well-preserved buildings and landmarks that add a unique charm to the city’s appearance.
Continuing East Austin Arts and Culture
Lockhart is also known as “Little East Austin.” The city is very friendly to small business owners, and during the pandemic, the local government strongly supported the entry of East Austin’s artists, musicians, bars, and old restaurants into Lockhart Square. This move preserved the cherished live music culture of East Austin, allowing it to thrive in Lockhart. As Route 183 runs through both areas, Lockhart is also the preferred destination for East Austin residents moving out. Many young people move to Lockhart, buying old houses to renovate into hotels and restaurants.
Nationally Renowned Food Culture
Lockhart is most famous for its charcoal slow-cooked barbecue. It’s the birthplace of the nationally renowned Black’s BBQ, with more than one local rivalry. The Texas government declared Lockhart the BBQ Capital of Texas, the highest honor in the BBQ industry. With a developed livestock industry, fresh local beef is supplied daily to many BBQ restaurants, attracting thousands of food enthusiasts annually.
Safe Community Environment
Lockhart has a state park surrounded by lush greenery, with a walkable shopping area, restaurants, galleries, banks, and cinemas in the city center. The community’s crime rate is much lower than surrounding cities, residents are friendly, new home communities are scarce, and there is a high demand in the rental market.
Population and Employment Growth
Being located along the SH 130 corridor and Route 183, Lockhart attracts the workforce from surrounding major cities, allowing employers to draw talent from these cities. The largest employer in Lockhart is the independent school district, followed by well-known retail businesses and manufacturing.
Over the past decade, employment in Lockhart has grown by 28%, second only to the Austin metropolitan area (44.7%). In the last five years, Lockhart’s job growth has been even more significant, adding jobs at four times the overall U.S. growth rate!
In the past three years, Lockhart has experienced considerable population growth, with the average age decreasing to 38.9 years.
Houses Are Going Quickly, Don’t Wait!
Investing in Lockhart now allows you to benefit from the growth of Austin, San Antonio, and the entire Texas Innovation Corridor. Our group purchase discounts give you a low investment basis with potentially higher rents than other Austin satellites. Combined, these greatly increase your potential for higher returns.
The best properties in these deals often sell before the others, so don’t wait! Schedule a meeting today to get started: