FREDERICKSBURG, Texas – January 17, 2018 – Real estate sales at Boot Ranch surged in 2017 as a result of new property releases, a preferred builder program, and the completion of significant new amenities. The exclusive private club community in the Texas Hill Country reported 64 sales in 2017 valued at $41 million, a unit-volume increase of 23% over the previous year. Dollar volume was up 64% over the previous year, thanks to the introduction of Village Home condominium residences starting at $850,000 and house-lot packages ranging from $1.3 million to more than $3 million.
Developer sales volume on 44 properties exceeded $32.6 million, with a mix of land sales, shared-ownership Sunday Houses, and Village Homes. Twenty resale transactions by Boot Ranch Realty accounted for more than $8.4 million in volume. All property purchases include a multi-generational Club membership.
Current property offerings include:
• Home sites from one-half acre to 14 acres, priced from $250,000 to $2.5 million.
• Sunday Houses-fully furnished luxury vacation homes whose ownership and expenses are shared by eight families-with shares ranging from $325,000 to $500,000.
• Village Homes, which each comprise three luxury condominium residences priced from $1,250,000 to over $2 million.
• House-Lot Packages from preferred builders that start at about $1.25 million.
Terra Verde Group and Wheelock Street Capital acquired the 2,050-acre community from Lehman Brothers Holdings in mid-2015 and immediately set a course for expanding the real estate mix and enhancing amenities that appeal to families. A maximum of 450 residential units will be offered.
During 2017 the developer invested $6 million in amenities. Golf course architect Hal Sutton directed a $2 million renovation of greens and bunkers to his original 2006 design. A one-acre putting park, the largest in Texas, was created along with an adjacent 3-acre event lawn and play field. A nearly 2-mile hike-and-bike trail was completed, running from the Clubhouse Village to the spring-fed Longhorn Lake. The first phase of the Lake Club opened with a covered pavilion, jumping platforms, paddle boards, kayaks, canoes, fishing, a swim beach and two amazing treehouses connected by a swinging bridge.
Boot Ranch, which has been named by Golf Digest as one of America’s “Top 10 Golf Communities,” also includes an award-winning 34-acre golf practice park designed by Sutton; a 55,000 square-foot Clubhouse Village with dining, locker rooms, a fitness room, spa treatment rooms, golf shop and lodge suites; a trap and skeet range; and the Ranch Club, a complex that includes a pavilion with food and beverage service that seats 300, three pools and a Jacuzzi, lighted tennis and basketball courts, and a playground.
Boot Ranch is located five miles north of historic Fredericksburg, Texas. For more information visit www.BootRanch.com or call (830) 997-6200.
Contact:
Barbara Koenig
Barbara@BootRanch.com
(512) 571-8200
Karen Moraghan
Hunter Public Relations
kmoraghan@hunter-pr.com
908/963-6013
