AUS Cool garage on this house for sale in Lake Travis

My sister just sent me this link to a house with a cool set up for cars. I know there are some very high end homes with awesome garage’s, but considering this isn’t a million dollar home, I thought it was worth sharing. Has a nice lift, and plenty of space!


https://tours.vividimageaustin.com/public/vtour/display/1777072?idx=1#!/

 

Noooo!!!!! Don’t spread the word on this as I don’t need any more competition!!!


Sent from my iPhone using FerrariChat

 

THAT is one amazing place.

 

Nice garage, needs an Ferrari to dress it up.

 

Love the garage!
Is Lake Travis a nice area to live ?


Sent from my iPhone using Tapatalk

 

Square footage of garage Is about equal to living area. Sounds like the priorities are about perfect

 

Nice find!

 

And not a single woman’s item in the closet pic too!


Sent from my iPhone using FerrariChat

 

Love the setup. Very well thought out.

 

Very cool!

I thought ATX prices were rising like crazy?

 

It is, the problem is that access to downtown, and really the rest of Austin can be a challenge for commuters. The roads out there aren’t able to sustain the number of people in the area to easily get around during peak hours. If you are work from home, or don’t need to reach other parts of Austin frequently, I think it’s great!

They absolutely are. This area is just a little less hot than the others. We also don’t know if someone will offer way over asking as has been the case in other areas. In some areas houses are going 75-100k over asking.

 

Horribe horrible place to live......

 

I had a friend just sell her place, westlake, 100+ offers in the first 48 hours. 2MM+. I bet we get an offer a week unsolicited for our lake austin property. Have had friends get 25MM+ offers on the lake too, all tech young buyers.

 

actually that home is pending above

 

It's incredible how much money is out there. It would be interesting to hear the professional backgrounds of all of these buyers. Are they really flush with cash, or they all living on the edge of what they can afford?

 

We have a few waterfront properties (austin/miami) we are about to list given the prices, and what I've seen is:
- tech, tons of flush cash looking in the 7MM+ range. Ironically, the higher the price, the more buying power. More 20MM buyers than 7MM. Guess this has to do with PE exits and who made what on IPO/SPAC etc.
- Sub 7-5MM part cash, mainly mortgaged, with pickier buyers.

Buyers in the 7MM+ range value their time, and will pay accordingly. I think my data is a little skewed as both states are net inflow of UHNW family offices. Almost all I've seen are tech related. There were a few PE shops that came to austin and spent big on the lake in 2019, but for the most part its all tech money.

The house Elon bought I looked at 3 years ago for 9MM, and he paid 13 I believe. That said, I wouldn't have taken it for 5 as it sits directly below the overlook at mount bonnell, and I can only imagine how many 8 year olds are chunking rocks down to your driveway and house.

 

Excellent insight, thanks for sharing! Tech is clearly where it's at.

 

Nice but needs a pool.

 

What’s the address for Elon’s place?

 

This is an excellent podcast on the Austin/ central Texas re mkt.

https://www.newsradioklbj.com/show/the-real-estate-zone-with-john-mcclellan/

 

Sent you a pm

 

Was it Johnny Jones house (Jones Energy)?

 

The original one was not. Have heard he may be the buyer on Johnny's but have also heard it was someone else.

 

Great garage......but - uh - what's up with the padded, elevated bench at the foot of the bed in the master suite?