Real estate sales at Boot Ranch, a private club community in Fredericksburg, Texas, were up big in 2016. Last year, the community reached 58 sales, up from just eight the previous year and 19 in 2014.
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.
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.
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.
