Our timeless, contemporary Hill Country design accommodates every possible function – from entertaining world-class guests and top corporate executives to being a wonderfully warm and attractive home to house and entertain three distinct generations (parents, kids and grandkids).  It is on the cutting edge in every aspect, features the latest and best in practically every category imaginable, and is HSB's most electronically advanced. 

And time has borne out our strategy!  HSB's booming real estate market is getting more and more national attention.  HSB was featured in a two-page article in the May 1, 2006 issue of BusinessWeek, entitled "The Hills Are Alive."   A more in-depth article appeared in the "Escape" section of the New York Times on May 19, 2006, entitled "Far Enough in the Heart of Texas to be Away."  The August 2006 issue of Southern Living praised HSB in an article entitled "Heavenly Horseshoe Bay."  The November 13, 2006 issue of BusinessWeek contained an article written in conjunction with Golf Digest entitled "The Top-18 Emerging Golf Retirement Regions" and a two-county portion of the Texas Hill Country, centered on HSB, was the #3 ranked area in the country.

Moving now to general info regarding activity on HSB's overall lakefront, in addition to our offering, 14 other lakefront homes were available in the $3,300,000 million and up range as of August 30, 2007, priced as follows:  $5,950,000=$779/sq ft; $5,200,00=$1,054/sq ft; $5,200,000=$1,040/sq ft; $4,500,000=$1,044/sq ft;  $4,500,000=$900/sq ft; $4,250,000=$897/sq ft;  $4,200,000=$764/sq ft; $3,999,000=$702/sq ft; $3,500,000=$1,115/sq ft; $3,500,000=$795/sq ft; $3,500,000=$700/sq ft; $3,450,000=$705/sq ft; $3,450,000=$498/sq ft; and $3,300,000=$971/sq ft.  The average asking price of the 14 is $855 per square foot. 

Regarding HSB's (being HSB Proper and HSB West) full-size lakefront lot sales, 31 sales/contracts occurred during 2006, averaging $691,000.   This price compares with an average of $292,000 for 2002, $266,300 for 2003, $283,100 for 2004 and $456,000 for 2005.  Eleven such lots sold during 2002, 12 during 2003, 24 during 2004, 35 during 2005 and 31 last year.  

As of this same August 30, 2007 date, only 17 such lots were unconditionally available in HSB Proper (5) and HSB West (12).  They were priced as follows:  $585,000, $598,000, $600,000, $690,000, $695,000, $695,000, $715,000; $749,000, $785,000, $845,000, $925,000, $995,000, $1,100,000, $1,150,000, $1,300,000, $1,300,000, $2,000,000, and $3,200,000.  Their average asking price was $1,113,000.  

Last year, HSB had its first lakefront homesite sell for over $1,999,999, selling for an even $2 million. So far this year, we've had three: one for $2,000,000; one for $2,800,000, and one for $3,400,000.

Neither Escondido nor Lago Escondido offered any full-sized waterfront lots for sale in 2004 and Lago Escondido had none to offer in 2005.  However, when Escondido's waterfront lots are included with HSBP and HSBW in HSB's 2005 count, the total numbers increase to 39 sales, averaging $456,500 per sale.   When Escondido's and Lago Escondido's waterfront lots are included with HSBP and HSBW in HSB's 2006 count, the total numbers increase to 59 sales, averaging $945,200 per sale. 

Prices are rising because Texas Hill Country real estate in general, the Highland Lakes' portion in particular, and HSB's specifically, are receiving their greatest interest ever.  And consistent with the HSB's history, HSB's lakefront continues to receive its greatest demand, as evidenced by the fact that 40% of the community's 2,400 dwellings are located there and where only about 55 undeveloped lots remain.  

Californians and Floridians are rushing in to invest their real estate profits in our area's undervalued real estate and Texas' oilmen once again have surplus funds to invest here in second homes, ranchettes and the like, as they've done every time the oil business has prospered in the past.   Whereas the action from Californians and Floridians will play out in a few years as they readjust their portfolios, Texas oilmen are just beginning to once again lead HSB - their favorite area in their favorite state, and readily accessible.  They led HSB's booming real estate market during the last oil price rise, dating from 1973 through 1985, and appear poised to lead it again.

And that is of great significance because there are more oilmen in Texas than in the rest of the country.  With the oil industry at the mere beginning of a sustained period of prosperity destined to be the greatest in its history, the oilman's interest in HSB will continue to grow substantially in coming years.  A generation or so from now, as the prosperous period begins to close because alternate fuels have taken hold, HSB will be so filled with oilmen as to represent what amounts to "The Petroleum Club of Texas, if not America."  Practicing oilmen will feel "out-of-it" without a second home here for weekend R & R, while those in retirement will be here enjoying our R & R full-time.  And with 76% of the public known to prefer waterfront living, HSB's ultra-tight supply of properties on America's lake of choice will see out-sized appreciation in the face of ever-increasing demand, ad infinitum.

UPGRADING THE WEBSITE: Three new buttons were added to the site's Home Page in late August - they being "AMERICA's SWEET-SPOT," "OUR HSB LAKEFRONT LOTS" and "MY HSB 'BEACON' ARTICLES." In addition, a chart was added to Section XV (click on the "HSB GROWTH" button) that lists all "HSB homes either listed or having sold/contracted for $1.9 million and up in the history of HSB."

LBJ LAKEFRONT INC's "LAKEFRONT DESIGN-BUILD PROGRAM:"  LBJ Lakefront Inc, a purveyor of extraordinarily fine custom lakefront homes, is an exceptionally focused developer - see "About Us" at top of page.  We operate solely on HSB's lakefront where we own 33 full-size undeveloped lots, constituting approximately 80% of HSB's total available lakefront inventory.  We intend to build out this inventory for discriminating third parties through both "SPECULATIVE BUILDING," as in 415 Matern Island, and our "LAKEFRONT DESIGN-BUILD PROGRAM," which we are developing and hope to initiate next year - see "Our Projects."  Since we plan to build out our lots slowly over the next 10 to 12 years, the program will be sharply limited to a mere two or three projects per year.  

PLEASE NOTE:  The insight into HSB shared herein comes largely from the daily monitoring of our HSB waterfront investments and we pass it along as a service to the interested.  We follow HSB's growth closely and update our findings regularly - especially Sections IX, XV and XVI, which focus on HSB's growth.  The area where we are monitoring growth is roughly triangular in shape, being bounded by US Highway 281, Texas Highway 71, Walnut Creek, Sandy Creek and the Colorado River.  This area actually includes all of HSB, Cottonwood Shores, Blue Lake, Deer Haven, and a portion of Marble Falls.

TO ASSIST THE READER, UPDATES MADE IN THE PAST FOUR TO EIGHT MONTHS ARE SHOWN IN RED TYPE;
MORE RECENT UPDATES ARE SHOWN IN BLUE TYPE.

  For further information, call 512/755-6226 or email us at kmartin@moment.net.

 
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