Hi y’all, welcome!

Inside: Check out the most expensive sale in Texas this year 💰️ + Heavy hitters expanding their presence in Austin 🏢 

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(*unbiased opinion)

WHAT'S INSIDE

• 🚨 FROM YOUR REALTOR

• 🤠 WHAT’S HAPPENING AROUND TOWN

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🚨 FROM YOUR REALTOR

(it’s me)

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

Let’s talk luxury

As the year wraps up - let’s take a look at the most expensive residential sale in Texas this year: 

Heading to Houston: billionaire Texas heiress, Lori Sarofim, sold her River Oaks estate for an estimated $24.75M. The new buyer is Greg Lalicker - CEO of Hilcorp Energy Co.

This 15,000 sqft property is next to the River Oaks Country Club and was built in 1994. It comes with Baccarat chandeliers, limestone floors, a koi pond, biometric access and a state of the art Savant smart home setup.

The Houston luxury market is much more established than Austin. We see this with Villa Del Lago. Originally listed for $45,000,000 (though this was probably a clever marketing ploy) - it has been dropped down to $14,950,000 and is currently at 711 days on market.

🤠 WHAT’S HAPPENING AROUND TOWN

Back in July, we talked about Austin’s expanding skyline and a resistance to return to office bringing record breaking office vacancies.

Looks like we have a few winners to close out the year.

In one of the largest deals this year - PayPal expanded their footprint by 90,000+ sqft in the Domain. Wise PLC, a financial services firm also snagged 60,700 sqft.

On the horizon - Nvidia is in the market for ~300,000sqft.

Despite positive signals from large tech firms and continued residential growth in Austin, Q2 office vacancies still sit at 25.2%. This is due in part by the delivery of an additional 2.1M sqft of new office space.

If you build it, they will come (maybe)

Read more here.

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

🤤 HOUSE WORTH DROOLING OVER

If you’ve ever wanted to float in your infinity pool with unobstructed views of the Austin skyline and Lake Austin, I found the property for you.

Yours for $5,250,000.

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