Horseshoe Bay Waterfront Properties

Horseshoe Bay Waterfront Properties

Horseshoe Bay Waterfront America's Sweetspot About Horseshoe Bay Horseshoe Bay Growth About Horseshoe Bay Waterfront Inc. Our Undeveloped Lots Our Projects My Horseshoe Bay Beacon Articles Area Maps Area Info

The internet's most current and comprehensive guide to development activity in Horseshoe Bay, Texas

ABOUT HORSESHOE BAY

TABLE OF CONTENTS

   I. What is HSB? 
   II. Where is HSB?
   III. Lake LBJ Makes HSB Uniquely Unmatchable.

   IV. The Rest of the Story.
   V. HSB Is a Golfing Mecca in a Geological Paradise.
   VI. HSB's Year-Around Climate Rates Among the Best.
   VII. History of Horseshoe Bay

 

 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, Sandy Creek and the Colorado River.

Though we strive for accuracy in our reporting, we do not guarantee it, so check things out before acting. 

Last Updated: 10/16/2006


I.  WHAT IS HORSESHOE BAY?  Horseshoe Bay ("HSB") is among the most upscale communities of its kind in the central U.S.  HSB, which has between 3,000 to 5,000 inhabitants, depending on who's counting, is distinguished by two factors - being located on America's lake of choice and by being home to America's largest Robert Trent Jones Sr. golfing complex.  The lakeside golfing and water sports community attracts a broad cross-section of homeowners, approximately half of which have HSB as a second home.  HSB's lakefront lots sell for up to $1,300,000 and its lakefront homes are priced as high as $5,500,000.

HSB Resort, the community's driving force, is among the nation's finest, being a 6,400-acre, one-of-a-kind, all-seasons international leisure destination offering a fabulous year-round recreational opportunities (www.hsbresort.com).  The Resort features an exceptional on-site array of world-class golf, tennis, dining, camping, aviation, swimming, boating, water/jet skiing and fishing amenities (see www.horseshoebay.com) that attract people from across the nation and around the world, explaining why HSB's property owners come from 48 states and 34 foreign countries.

The Resort's decision to complement its spectacular amenities with the 349-room Marriott Hotel and Conference Center, completed October 2004, (www.horseshoebaymarriott.com) raised the Resort to among the finest where Marriott operates.  The Marriott facility has performed beyond expectations, being a powerful new drawing force and having an immense positive impact on HSB.  It has positioned the Resort as a major player in the corporate and leisure destination markets, as explained later.  Back to Top


II.  WHERE IS HSB?  We're 45 miles northwest of Austin and 80 north of San Antonio, deep in the heart of Texas, in the recreationally-oriented Highland Lakes region - the choicest portion of the delightful Texas Hill Country, Charles Kuralt's favorite part of America.  The Hill Country, known for its natural beauty, is also noted for its genuine and simple charm, offering a continually fresh change of pace - pleasantly laid-back and friendly. 

And we have another huge plus going for us.  HSB rests on the shore of America's largest constant-level lake, sparkling-clean Lake LBJ - America's lake of choice for those who know (see The Rest of the Story). 

HSB is located four miles west of and symbiotically tied to the city of Marble Falls - ground zero for the commercial, retail, recreational and entertainment interests of the Hill Country/Highland Lakes area.  The two communities feed on one another and together comprise one of the fastest growing rural areas in the country.  Back to Top


III.  LAKE LBJ MAKES HSB UNIQUELY UNMATCHABLE.  Although HSB (see www.remaxhsb.com/streetmap/mainmap.htm) is probably best known for its three fabulous championship golf courses and other exceptional amenities, most people don't realize that its LBJ lakefront is world class as well, being so unmatchable in its lower portion, where HSB is located (see www.snellrealty.com/mapoflbj.cfm), that it serves to separate HSB from all competitors.

How's that?  In the early 1970s, the Lower Colorado River Authority ("LCRA") saw potential commercial benefits in the lake's constant level and built a natural gas fueled power plant on Lake LBJ at HSB.  It positioned the facility at lake's edge so LBJ's waters could cool the facility's generators.  The plant is now one of LCRA's important revenue sources.  

Today, LCRA's HSB Power Plant and more than a thousand upscale lakeside homes built subsequent thereto on the constant-level portion of Lake LBJ represent investments collectively valued at over a billion dollars.  Consequently, to protect these huge investments, LCRA must take every step possible to maintain the lake at it's 825' pool level.   And LCRA seems determined to do so by constantly improving its capability to maintain the pool level. 

Therefore, unlike other large lakes, Lake LBJ lets us get especially up-close and personal with it and HSB's fashionable lakefront homes are accordingly nestled against its shoreline in Venice-like fashion.  We build our homes as close as four feet above the tranquil Lake's constant pool level, directly on or hanging out over its shoreline, and enjoy having our boat houses and docks under this same roof, enabling unparalleled lakeside treats. 

This intimate lakeside setting provides:  1) recreational fishing, ski or pleasure jaunts on your readily accessible, dockside  boat and/or personal watercraft at the slightest whim;  2) impromptu tournament-quality fishing in delightfully breezy shade from this same dock;  3) boating to your choice of five nearby lakeside restaurants;  4) swimming in the Lake's pristine waters on a moment's notice;  5) having your own, personal lakeside beach;  6) helping your kids/grandkids "master" their water trampoline and other water toys anchored immediately dockside under your watchful eye;  7) an up-close look at nature, such as mothering your own, year-round personal family of native Mallard ducks from your lakeside porch/deck; and  8) wholesome, mesmerizing relaxation as you relish:  a) the sound of Lake LBJ's gentle waves breaking softly against the shoreline;  b) our prevailing and pleasantly dry lakeside breeze; and  c) our enchanting, mosquito-free evenings - all from your dockside porch/deck swing.  Where else can all this be had in such up-close and personal fashion?  Back to Top


IV.  THE REST OF THE STORY.  Such intimate interaction with a large water body is unequaled - being truly unique to HSB.  It is made possible because the incomparable 21-mile-long lake, more than two miles wide at HSB, is bounded and protected by major flood-control lakes - Lake Buchanan upstream and Lake Travis downstream.  

Flood-control lakes are built to accommodate annual spring runoffs and therefore are not constant-level lakes, considering that the process involves dropping their winter-time lake levels substantially.  Lake LBJ differs in being simply a "pass-through" lake - passing water from Lake Buchanan downstream to Lake Travis.  It is in this manner replenished daily by the ever-flowing Colorado River and, accordingly, holds some of the cleanest and freshest waters among our nation's lakes.  We have traveled America's major rivers and learned (see Section XXI) - there's no other lake like LBJ. 

By utilizing these large adjoining lakes for balancing purposes, the Lower Colorado River Authority (www.lcra.org) maintains HSB's lakefront at the 825' pool level.  Accordingly, during the worst of times, such as FEMA's anticipated 100-year flood, HSB's lakefront is projected to rise only 2.9 feet.  

Since no larger lakefront is reportedly maintained at such a constant level anywhere in the world (confirm by searching www.google.com for "constant level lake"), "now you know the rest of the story."  HSB's waterfront is The Premier Lakefront!  Add to this the Resort's world-class golf and other amenities, the Texas Hill Country's incomparable charm and LBJ Lakefront's "Spec" home (see Section XVII. below) and viola . . . you have The Ultimate in Waterfront Living!!! 

NOTE:  LCRA's has substantially improved its capabilities of recent years, led by hardening the dam foundations, increasing flood gate lift capabilities and establishing its Hydromet system, which consists of 200 monitoring gauges deployed at key locations throughout the river basin.  These and other improvements have increased its capacity to maintain Lake LBJ at the 825' pool level.  However, the narrow, upper reaches of Lake LBJ - miles upstream of HSB - are still predicted to rise ten feet or more during FEMA's model 100-year flood (see www.snellrealty.com/mapoflbj.cfm).  Back to Top


V.  HSB IS A GOLFING MECCA IN A GEOLOGICAL PARADISE.  In addition to its uniquely constant level, Lake LBJ is special for other reasons as well.  For example, its picturesque, Live Oak-covered shores are lined by massive, dramatic outcrops of Pre-Cambrian red granite, among the oldest rocks in North America. 

Cutting through HSB at peak elevation and overlooking Lake LBJ in Acapulco-like fashion is a prominent ridge, capped by Thanksgiving Mountain.  The ridge is held by a nearly complete sequence of Cambrian through Ordovician strata some 2,800' thick that overlies the granitic basement rock.  Lesser HSB ridges are held by a 30,000' thick sequence of metamorphic strata called the Pre-Cambrian Packsaddle Schist and Valley Spring Gneiss.  Younger Silurian, Devonian, Pennsylvanian and Cretaceous strata outcrop within five miles of HSB.  Taken together, this exceptional rock sequence encompasses approximately 1,500,000 years of geologic history, dating from 100 million to 1,600 million years ago.  

These geologically-ancient, rarely-seen rocks stand exposed by the Llano Uplift, which rose 300 million years ago when the North American and African continents collided.  The collision compressed and folded the Llano region into rugged mountains as much as four-miles high.  Subsequent erosion reduced the mountains to their roots.  The process created one of the world's best and most heavily studied windows into our planet's geologic past.  HSB sits in this window, making it one of the most geologically interesting places on Earth.

Our geological paradise is further complimented by a relatively recent geological phenomena - the Texas Hill Country.  It began forming a mere 20 million years ago when the regional Balcones Fault System developed.  The fault system, extending from Waco through Austin to San Antonio and on westward, facilitated the rise of the Edwards Plateau.  This broad uplift produced a reawakening of what had become a sluggish Colorado River System.  

The river system came alive with renewed velocity, developed a tributary network of sparkling spring-fed streams, and began sculpting the region into the peaks, ridges, valleys and canyons that constitute today's scenic Hill Country - where Texas' renown wildflowers flourish.  The River's premier canyon - located between the US Highway 281 bridge and the Lake Marble Falls dam at nearby Marble Falls - is another important local geologic feature.  Few realize it dwarf's the Grand Canyon in age, being at least four times older.  

Into this magnificent, naturally sculpted Hill Country setting, legendary golf-course designer Robert Trent Jones Sr. carved three golf courses at HSB which he ranked "among the best in the world."  The three courses, which have never been in better condition, comprise Jones' largest golfing complex in North America.  

"Golf Digest's" definitive guidebook, Best Places to Play, 2004-2005, rates each of HSB Resort's three public-access golf courses as deserving 4.5 stars out of a possible 5.0 ranking, making HSB one of a mere handful of American resorts, and the only one in Texas, to have three courses so highly ranked.  The popular "Texas Monthly" magazine agrees that HSB's golf complex is the best in Texas.  Furthermore, members of the "American Society of Golf Course Architects," the "National Golf Foundation" and the "Golf Course Superintendents of America" have selected HSB's golf complex as one of the best built in the U.S. since 1962, placing all three courses among the top one percent in America.

But that's just part of what HSB offers.  Though you may think you've done everything, you haven't until you've played HSB's Whitewater Putting Course:  its $6 million, 18-hole, fully landscaped, night-lighted, competitive grass putting course - the world's finest.  It is complete with fairways, bunkers, water hazards and the best of putting surfaces.  It is designed like a regulation course, but on a smaller scale.  Every shot is played with a putter. 

The 17-acre Whitewater Falls complex encompasses a Tennis Pro Shop; Patio Cafe; Nickelodeon Yogurt Cabana; Palm de Ore Pavilion; a 100-foot, cascading, lighted waterfall; Fitness Trail; Oriental Gardens; and a Wildlife Exhibit featuring Chilean Flamingo and exotic African Duck habitats.  It's state-of-the-art theatrical lighting and outdoor music systems create a dreamlike setting that enhances the entire complex.  

The Pro Shop administers HSB's 20-court Tennis Center, which is like everything else at HSB is also world class.  It features two pro-grass courts, six red clay courts, and 12 laycold courts.  Back to Top


VI.  HSB's YEAR-AROUND CLIMATE RATES AMONG THE BEST HSB's climate is mild and fairly dry, being among the continental US' best (www.highlandlakes.com/climate.htm).  It is a strong draw for the Resort.

The Resort's Prime Season runs for 81/2 months, from mid-March through November.  It features our warmer spring, summer and fall months.  The Season covers a majority of school-age children's vacation time and makes the Resort a terrific family-friendly destination.  

During HSB's coldest months - December, January and February - the mean daily high and low temperatures are a comfortable 61 and 41 degrees, respectively.  On the other hand, HSB is also still reasonably comfortable at its hottest, which occurs annually between June 10th and September 12th, when the average high temperature ranges between 90 and 96 degrees and average lows range from 66 to 71.  HSB's spring and fall months are nothing short of ideal.

HSB receives an ample 30 inches of rainfall annually.  Moreover, HSB's relative humidity averages a very comfortable, tough-to-beat 40% (www.marblefalls.org/areainfo/demographics.html).  

HSB's year-around climate is actually better than that found at Scottsdale, one of America's most well-known R & R destinations.  Scottsdale's summers are unbearably hot and considered "Off Season."  

For example, between June 5th and September 10th, Scottsdale's average daily high temperatures range between 100 and 107 degrees, with average lows ranging from 67 to 80.  Scottsdale's coldest months also occur during December, January and February, when its average daily highs and lows are a very comfortable 68 and 47, respectively.  And also like at HSB, the intervening spring and fall months are ideal.  

Accordingly, Scottsdale's Prime Season features its eight coldest months, extending from mid-September to mid-May, circumventing more than three months of 100+ summer-time temperatures.  When Scottsdale is "In Season," children are in school, unavailable for vacations, limiting Scottsdale to more of an adult attraction than a family destination.  Back to Top

The newly completed home, the most spectacular custom home ever built on a speculative basis in HSB, has 8,311 square feet of living area.  Our magnificent offering is widely recognized as "HSB's Finest New Home Offering, Ever!"  

The home - perfect for casual lakeside living in a smart and elegant fashion - is being offered through the MLS for $7,500,000, which amounts to $902 per square feet of living area (also see Note #1 below).

It is built on a private island in Lake LBJ, America's lake of choice for those who know. The lake is unique in America in that it is the country's largest constant level lake. Such a lake let's one get particulaly up-close with its shoreline, allowing for much more lakeside intimacy (like fishing off your back porch or deck), making living on such a lake far more enjoyable than on the typical lake with fluctuating levels.

As of April 1, 2007, HSB had seven other lakefront home offerings in the $4,000,000 to $7,500,000 price range besides ours. They ranged in age from 6 to 11 years, averaging 8.14 years. All were located in HSB West, where the highest priced lakefront sales have been occurring.

Although none are new homes and none come close to matching the quality of our offering, their average asking price of $936 per square foot is 4% more than that of our new home, which far outshines them in being of exceptional quality throughout.  Furthermore, it is located between two of HSB's other most outstanding lakefront homes.

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, 11 other lakefront homes were available in the $2,000,000+ range as of January 5, 2007, priced as follows:  $5,750,000=$1,165/sq ft;  $5,200,000=$1,040/sq ft;  $4,500,000=$1,044/sq ft;  $4,250,000=$897/sq ft;  $3,500,000=$700/sq ft;  $2,800,000=$612/sq ft;  $2,400,000=$462;  $2,599,000=$605/sq ft;  $2,150,000=$600/sq ft;  $1,999,999=$1,091/sq ft;  and $1,950,000=$750/sq ft.  The average asking price of the 10 is $816 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 January 5, 2007 date, only 12 such lots were unconditionally available in HSB Proper (6) and HSB West (6).  They were priced as follows:  $595,000, $675,000, $695,000, $725,000; $749,000, $795,000, $995,000, $1,100,000, $1,999,000, $2,000,000, $2,100,000 and $3,200,000.  Their average asking price was $1,302,000.  

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.

NOTE #1 - MATERN ISLAND'S ROAD REBUILDING PROJECT:  This long-delayed project was completed on December 8, 2006.  Matern Island's main water and sewer lines and related laterals, all of which underlie the Island's single boulevard, were completely replaced with non-corrosive piping.  We followed by completely reworking and cement stabilizing the boulevard's overlying roadbed to handle the heaviest of possible loads, and then capped it with a 1.5" thick, hot asphalt mix.  In addition, the boulevard's ribbon curbs were totally rebuilt, and drainage was added where needed.  

Regarding Matern Island and its lovely Boulevard, which traverses the length of the Island, we believe our private Island will be quickly recognized as HSB's finest, most beautiful and most desirable address, for the following reasons:  1) the street and its adjacent common areas (the Boulevard) is HSB's broadest and most handsomely landscaped Boulevard - being up to 80-feet wide, almost twice the width of any other non-thoroughfare in all of HSB;  2) it is HSB's only Live Oak-lined street;  3) ninety large Live Oaks, all of similar size and all spaced 30' apart, traverse the Boulevard's entire length.  They will soon provide a wonderful shaded canopy for the entire Boulevard;  4) the Boulevard has a Gated Entrance, one of the few in HSB;  5) the Boulevard also differs from all other streets in HSB:  a) by having its own private Lighthouse; b) by incorporating three beautifully landscaped, park-like "islands" with conversation benches within the Boulevard's perimeter;  c) by being HSB's only residential street with night lighting;  d) by being the only one with no through traffic and no intersections, making it unusually safe for leisurely and pleasurable strolls, walking the dogs, street-side chats and the like - especially for young children/grandchildren; e) by being HSB's only completely lake-bound subdivision, with all lots located on the lakefront; and f) by being HSB's most secure address, considering its minimal exposure to potential theft or other problems from transients with ill-motives who gain admittance into gated subdivisions through affiliations with construction crews.  In the much larger gated subdivision, where dozens of crews are active year around, a far greater likelihood of problems exists considering that once crews are inside the gate, they are more or less free to move around throughout the subdivision. 

NOTE #2 - 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.

Though we strive for accuracy in our reporting, we do not guarantee it, so check things out before acting.

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

 
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