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North Padre Development Adjacent to New Corpus Christi Schlitterbahn - Labor Day '15 Completion
05 Mar 2015

The North Padre Development Tracts are situated in a prime location on North Padre Island in Corpus Christi, Texas.

The subject site has the only private beach (only pedestrian traffic permitted) in the region with over 1,200 feet of beach frontage. The site is the last remaining beachfront 50+ acre development property available on North Padre Island (Nueces County) and is +/- 1 mile away from the new Schlitterbahn waterpark under construction with a scheduled completion of Labor Day 2015.
 


Michael Stuart's insight:
Construction booms across Port Aransas
02 Mar 2015

Construction continues to steam along in Port Aransas. City records show  development moving at a brisk rate.

Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”.

Many buyers are longtime Port Aransas residents who see a strengthening economy happening all around them.“ They see prices going up and figure, if we’re going to buy something else, we’d better do it now.”

  • The Port Aransas real estate market is growing increasingly attractive to the San Antonio market. The South Padre Island market still is strong, but it’s not as attractive to San Antonio as it used to be. “You can’t go have fun in Mexico, because it’s not safe,” Lorette said.
  • Another Port Aransas growth factor lies in the fact that more and more people are moving to Texas and discovering Port Aransas. And many Houston area residents decided they like Port Aransas after visiting Mustang Island instead of Galveston in the wake of Hurricane Ike, which struck the northern Texas coast in 2008.
  • Port Aransas is attractive partly because it still contains relatively inexpensive property that’s close to the beach, compared to Florida, California and other coastal locations around the U.S.

Oil money is a big part of what’s driving the market, both directly and indirectly. Across South Texas, Eagle Ford shale gas and oil drilling has produced billions of dollars in wealth in the past several years. Many who have profited from the frenzied drilling are just now finding the time to take some time off and spend some serious time in Port Aransas.

Customers coming from Austin and San Antonio, that whole area,” said Harris, owner of Bay Area Title and Brite Star Construction. “They love Port Aransas, and they want to be in Port Aransas. We’ve seen a huge increase in traffic looking to buy property.” People see Port Aransas real estate as a safe investment, he said.

  • “It’s an investor’s dream, because you can use it part of the time and rent it when you’re not here,” Harris said.
  • Most new owners of short-term rental properties in Port Aransas never have to dip into their existing funds to make mortgage payments because rental income takes care of it, he said. Harris said he knows some folks who are a year ahead on payments right now.

The development firm of Koontz McCombs began construction on Village North, a residential development planned within the newly named Newport Dunes at Palmilla Beach golf course.

Further south down The Island Road, construction is underway on Two Town Center, a 15-unit condominium at the popular Cinnamon Shore development, said Lee Ann Peters, sales director at Cinnamon Shore.

Eighteen single-family homes also are under construction at Cinnamon Shore, Peters said.  A $1 million community swimming pool complex opened last spring at Cinnamon Shore. It’s the development’s second such pool.

Via http://www.portasouthjetty.com/news/2013-05-30/Front_Page/Construction_booms_across_Port_Aransas.html

Grow Texas: Why Texas is open for business - San Antonio Business Journal
28 Feb 2015
In looking at the four largest Texas regions — Houston, Dallas, San Antonio and Austin — each has its own unique features and economic drivers, while all share common threads that make Texas appealing for businesses.

Michael Stuart's insight:

Some of the key drivers are: business friendly environment, quality of life, availability of a skilled talent pool, low cost of living, low tax burden, the absence of a state income tax, a strong diverse economy, and a central location with easy international access.

What thrived during the Texas coast recession?
29 Jan 2015

This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012.

At the real estate peak in 2007, over a dozen high-end projects were under way on the Texas coast transforming the skyline and promising better lifestyles. Some of the projects completely failed, most will redeem their value sometime in the future, but only two thrived and are roaring out of the recession.

The report shows how it was a combination of negative factors that took the Texas coast market by storm, while Texas overall had only minor effects from the recession.

Energy Projects Fueling a Prosperous Texas Coast
26 Jun 2011 New pipelines, offshore rigs, port expansions and wind farms bring additional prosperity to the Texas coast
Read the National Association of Realtors report on Second Homes
13 Apr 2011 The share of home buyers purchasing second homes remained steady compared to the year before according to an annual report from the National Association of Realtors
Page 1
North Padre Development Adjacent to New Corpus Christi Schlitterbahn - Labor Day '15 Completion
05 Mar 2015

The North Padre Development Tracts are situated in a prime location on North Padre Island in Corpus Christi, Texas.

The subject site has the only private beach (only pedestrian traffic permitted) in the region with over 1,200 feet of beach frontage. The site is the last remaining beachfront 50+ acre development property available on North Padre Island (Nueces County) and is +/- 1 mile away from the new Schlitterbahn waterpark under construction with a scheduled completion of Labor Day 2015.
 


Michael Stuart's insight:
Construction booms across Port Aransas
02 Mar 2015

Construction continues to steam along in Port Aransas. City records show  development moving at a brisk rate.

Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”.

Many buyers are longtime Port Aransas residents who see a strengthening economy happening all around them.“ They see prices going up and figure, if we’re going to buy something else, we’d better do it now.”

  • The Port Aransas real estate market is growing increasingly attractive to the San Antonio market. The South Padre Island market still is strong, but it’s not as attractive to San Antonio as it used to be. “You can’t go have fun in Mexico, because it’s not safe,” Lorette said.
  • Another Port Aransas growth factor lies in the fact that more and more people are moving to Texas and discovering Port Aransas. And many Houston area residents decided they like Port Aransas after visiting Mustang Island instead of Galveston in the wake of Hurricane Ike, which struck the northern Texas coast in 2008.
  • Port Aransas is attractive partly because it still contains relatively inexpensive property that’s close to the beach, compared to Florida, California and other coastal locations around the U.S.

Oil money is a big part of what’s driving the market, both directly and indirectly. Across South Texas, Eagle Ford shale gas and oil drilling has produced billions of dollars in wealth in the past several years. Many who have profited from the frenzied drilling are just now finding the time to take some time off and spend some serious time in Port Aransas.

Customers coming from Austin and San Antonio, that whole area,” said Harris, owner of Bay Area Title and Brite Star Construction. “They love Port Aransas, and they want to be in Port Aransas. We’ve seen a huge increase in traffic looking to buy property.” People see Port Aransas real estate as a safe investment, he said.

  • “It’s an investor’s dream, because you can use it part of the time and rent it when you’re not here,” Harris said.
  • Most new owners of short-term rental properties in Port Aransas never have to dip into their existing funds to make mortgage payments because rental income takes care of it, he said. Harris said he knows some folks who are a year ahead on payments right now.

The development firm of Koontz McCombs began construction on Village North, a residential development planned within the newly named Newport Dunes at Palmilla Beach golf course.

Further south down The Island Road, construction is underway on Two Town Center, a 15-unit condominium at the popular Cinnamon Shore development, said Lee Ann Peters, sales director at Cinnamon Shore.

Eighteen single-family homes also are under construction at Cinnamon Shore, Peters said.  A $1 million community swimming pool complex opened last spring at Cinnamon Shore. It’s the development’s second such pool.

Via http://www.portasouthjetty.com/news/2013-05-30/Front_Page/Construction_booms_across_Port_Aransas.html

Grow Texas: Why Texas is open for business - San Antonio Business Journal
28 Feb 2015
In looking at the four largest Texas regions — Houston, Dallas, San Antonio and Austin — each has its own unique features and economic drivers, while all share common threads that make Texas appealing for businesses.

Michael Stuart's insight:

Some of the key drivers are: business friendly environment, quality of life, availability of a skilled talent pool, low cost of living, low tax burden, the absence of a state income tax, a strong diverse economy, and a central location with easy international access.

What thrived during the Texas coast recession?
29 Jan 2015

This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012.

At the real estate peak in 2007, over a dozen high-end projects were under way on the Texas coast transforming the skyline and promising better lifestyles. Some of the projects completely failed, most will redeem their value sometime in the future, but only two thrived and are roaring out of the recession.

The report shows how it was a combination of negative factors that took the Texas coast market by storm, while Texas overall had only minor effects from the recession.

Energy Projects Fueling a Prosperous Texas Coast
26 Jun 2011 New pipelines, offshore rigs, port expansions and wind farms bring additional prosperity to the Texas coast
Read the National Association of Realtors report on Second Homes
13 Apr 2011 The share of home buyers purchasing second homes remained steady compared to the year before according to an annual report from the National Association of Realtors
Page 1
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Contact

Swedes Real Estate Logo

Swede's Real Estate
Physical Address: 2840 Hwy 87

Mailing Address: Po Box 1158

Crystal Beach, TX 77650

Phone 409-684-3345

Sitemap

Anne Willis Broker


Your Crystal Beach Bolivar Peninsula - Beach Property Expert - a member of the TexasGulfCoastOnline network

Swedes Real Estate Logo

Swede's Real Estate
Physical Address: 2840 Hwy 87

Mailing Address: Po Box 1158

Crystal Beach, TX 77650

Phone 409-684-3345

Sitemap

Anne Willis Broker


Your Crystal Beach Bolivar Peninsula - Beach Property Expert - a member of the TexasGulfCoastOnline network