A 4,000-home subdivision breaks ground in Georgetown
November 8, 2007 at 9:36 pm , by Jenel Looney
Every Thursday, Moreland agents in the Georgetown office get together to share market news with each other. We also tour all of the new Moreland listings each week so that every agent in our office is personally familiar with every one of our listings. At today’s meeting, we heard from our office manager, who was invited to attend an exclusive groundbreaking ceremony yesterday at the new Water Oak at San Gabriel. This 1,900-acre subdivision will eventually hold approximately 4,000 homes, ranging from $250,000 upwards of $1 million.
The developers have set aside approximately 680 acres of parkland. To put that in perspective, Zilker Park in Austin is 351 acres. The park at Water Oak will include about 200 miles of river frontage for hike and bike trails. Actually, I should say “parks” because their website makes it clear that they will have several parks, each with a different theme and different amenities.
The subdivision-to-be is located on the north side of Leander Road, a few miles west of town. There won’t be much to see quite yet, but keep an eye on it. The lots should be ready for sale in the second quarter of 2008. The timeline for the entire development shows completion in 7 to 10 years.
Category Georgetown Real Estate / Tags: /
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