Boot Ranch Reports Record Home and Property Sales in 2016
January 23 2017 - 11:36AM
Business Wire
Real estate sales at Boot Ranch surged in 2016 as a result of
new ownership, new property releases and the announcement of
significant amenity expansions. The exclusive private club
community in the Texas Hill Country reported 58 sales in 2016, up
from just 8 the previous year and 19 in 2014.
Developer sales volume on 50 properties exceeded $23.5 million,
with a mix of land sales, shared-ownership Sunday Houses, and
condominium residences. Eight resale transactions by Boot Ranch
Realty accounted for another $6.1 million in volume.
Current property offerings include:
- Home sites from one-half acre to 18
acres, priced from the high $200,000s to $2.5 million.
- Sunday Houses, 4,500+ square foot
vacation homes whose ownership and expenses are shared by eight
families, with shares from the $400,000s.
- Village Homes, which each comprise
three luxury condominium residences priced from the high $800,000s
to $2 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.
“More than 75% of the potential 450 properties permitted by the
City of Fredericksburg remained to be sold at Boot Ranch when we
acquired the community,” said Craig Martin, founder of Dallas-based
Terra Verde Group. “We knew our success was dependent on
communicating a clear vision for the finest private club community
in Texas, with facilities, activities and adventures you couldn’t
find anywhere else.”
To that end, Terra Verde Group engaged Swaback Partners of
Scottsdale, one of the nation’s leading private club design firms,
to create plans to fulfill that vision. By fall, construction was
underway on new amenities that include a 2.5-mile hike-and-bike
trail from the Clubhouse Village to Longhorn Lake where a lakeside
pavilion, a protected swimming area with beach, treehouses and
jumping rocks will open next summer. Near the Clubhouse, a
five-acre putting park and play field are planned for year-end
completion. Long-range plans include a fitness facility, an
expanded spa, and a Lake House at Longhorn Lake for casual
gatherings and family activities.
Boot Ranch, which has been named by Golf Digest as one of
America’s “Top 10 Golf Communities,” currently includes a Hal
Sutton-designed golf course and 34-acre practice park; a 55,000
square-foot Clubhouse Village with dining, locker rooms, golf shop
and lodge suites; spring-fed fishing lakes; a trap and skeet range;
and the Ranch Club, which includes a pavilion with food and
beverage service that seats 300, 3 pools and a Jacuzzi, lighted
sport courts and a playground.
All property purchases include a multi-generational Club
membership that extends privileges to the member’s parents,
children, grandchildren and spouses.
Boot Ranch is located five miles north of historic
Fredericksburg, Texas. For more information, visit
www.BootRanch.com or call (830) 997-6200.
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Boot RanchBarbara Koenig, 512-571-8200Barbara@BootRanch.com