Real Estate Real Estate

The Barton Creek Community, Austin, Texas

Family-tips.info
Relationships24.info
Webmasters-xxl.com
Beautystar.info
Travel-tips.biz
 
Ask Your Real Estate Agent These Questions
A real estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. They work in association with a real estate broker or a brokerage company. Smart customers always want an agent who will help and guide them to find a suitable home that meets their needs and... Read more


 Home | Finance | Real estate

The Barton Creek Community, Austin, Texas

This Real Estate Article is Brought To You By - Joe Cline

Fifteen minutes from downtown Austin, yet worlds away from the hustle and bustle of the city, Barton Creek offers high end living in the beautiful Hill Country of Texas. A gated community, Barton Creek boasts a members-only pool, three championship golf courses, a tennis center, miles of nature trails, as well as the beautiful green hills, lakes and streams that the Hill Country is famous for.

History

Barton Creek is named after William Barton, who settled near Barton Springs in 1837. A spa grew up near the area and it became a popular vacation spot. In 1974, development began on a country club, golf course, and conference center by partners Ben Barnes and John Connally. They went bankrupt, however, and Freeport-McMoRan Inc. purchased it in 1988 and proposed a 4,000-acre project named the Barton Creek Planned Unit Development. The project included homes, apartment units, and retail space as well as three golf courses.

Controversy sprang up around the plan in the early 1990s, though, and legal battles between the developers and environmentalists began. Local residents and environmentalists were concerned about deteriorating water quality. Barton Creek is part of the Edwards Aquifer which supplies water to area towns and the city of Austin. In August 1992, Austin residents voted on what was known as the SOS Ordinance (Save Our Springs) and agreed on a compromise wherein Freeport-McMoRan was given 30-year development rights if they complied with the ordinance, reduced the number of residential units, and kept some land free of development for wildlife preservation. In the next year, Freeport-McMoRan filed plans for just under 5,600 homes and 620 acres of commercial property and construction began. By 2000, the Barton Creek population stood at 1,589 and covered 4,000 acres.

Economy/Jobs

In 2007, the population in Barton Creek had risen to 2,184, which is a growth of nearly 37.5 percent since the year 2000. Jobs in the area have risen 2.73 percent and unemployment stands at 3.1 percent. Over the next ten years, experts predict a 26 percent growth in jobs. Median income is just over $193,000. Barton Creek’s proximity to Austin means a good number of residents commute to the city. Still, there are a number of local retail and professional businesses in the immediate area including banking, medical, retail, restaurant and hospitality, and fitness operations.

Real Estate

Luxury living is the rule in Barton Creek. The median price for a home is over $1 million and appreciation was 4.05 percent in 2007. Single-family homes offer gourmet kitchens, spa-style bathrooms, and high-end appliances. Homeowners outnumber renters by about 2:1 and housing vacancy is only 6%.

Attractions

The beauty and tranquility of the Texas Hill Country is the main draw for residents of Barton Creek. They can vacation right at home, with the three golf courses, the tennis center, and the nature trails. Barton Creek offers amenities for the whole family such as the members-only pool, the Kids Club, and numerous social events.

  • Real Estate Products on our marketplace

  • The author writes articles on Austin Real Estate Blog. For more information about REMAX Austin Texas, Barton Creek Austin Texas and real estate Austin can be found on the net.
    ***

  • The Allandale Neighborhood in Austin Texas
    Allandale is one of the most relaxing and comfortable communities within the city limits of Austin. The residents take pride in their community, with a very active neighborhood association that strives for community improvement ...
  • Fractional Ownership and Timeshare, Expense Or a Property Investment?
    Some fractional ownership schemes are far away from the true concept. Some seem to include the worst aspects of timeshare and outright ownership! To explore this further it is first necessary to explain the reasons why timeshare...
  • Career in Mortgage Lending
    There are different career opportunities in the field of mortgage lending. Based on your qualification and experience, a career in mortgage lending could be that of a loan officer, as an underwriter, as a mortgage loan coordinat...
  • Fractional Ownership - a Guide to the Different Schemes on the Market
    Many companies market fractional schemes, but how can you tell whether they are truly fractional ownership? In this article the responsibilities and benefits of various types of fractional schemes are compared. Definition of ...
  • Key Terms in Mortgage
    As is common with most areas of expertise, mortgage industry is also full of jargons and terms that may seem confusing. These play significant roles in deciding the amount you eventually end up paying for your property. Let's tr...
  • Fractional Ownership of Property - the Advantages
    Fractional ownership of property is a popular trend, but why is this? What are the advantages of owning property in this way? This article considers the aspects of purchase cost, size, location, and maintenance. Reduced Co...
  • © 2008 Article24.info All Rights Reserved.