In a bold assertion of the robust real estate market surrounding the Hill Country, Horseshoe Bay Resort's in-house development firm has fully pre-sold its luxury condominium project Waters Lakeside, despite the broader market's economic adjustments. In a recent announcement by Legacy International, the resort's new broker, all 60 units of the upscale three-bedroom condos starting at $800,000 each have been claimed by eager buyers, generating over $65 million in sales revenue, as reported by Biz Journals.
Construction on Waters Lakeside's three towers began back in 2021 and is nearing completion, with the first batch of residents expected to move in by March 2024. Each condo boasts expansive floorplans and upscale finishes, nestled in the scenic surroundings of Lake LBJ, and the complex amenities reported by PR Newswire. The last two towers are scheduled to welcome their owners in April and May this year.
The booming sales represent a pivotal moment for Horseshoe Bay Resort, which under the stewardship of Jordan Jaffe, CEO, has seen a revitalization of the development that began its journey nearly five decades ago. Jaffe has directed over $350 million into the resort's transformations and, has his sights set on drawing a younger demographic to the luxury lakeside lifestyle. Illustrating the demographic shift, Mandy Van Streepan, Legacy's COO, remarked that the average age at Horseshoe Bay "was 72 at one point," and "It is moving way younger," as she told Biz Journals.
Philip Jalufka, President and CEO of Legacy International, praised his firm's long-standing relationship with the Jaffe family and the successful Waters Lakeside sellout, adding, "I am extremely proud of the amazing success of our Legacy team members," he conveyed to PR Newswire. The resort's myriad of attributes such as championship golf courses, a spa, and health club, and a private airport, appeals to a diverse range of patrons, from the remote workforce to second home buyers, drawn from major Texas cities and as far as California and the East Coast.
Further details about Waters Lakeside are available on the development's website, while Horseshoe Bay Resort continues to strengthen its offerings with a new clubhouse and expanded facilities on the horizon, promising to cement its position as a premier luxury resort and residential community in Texas.
