Station at St. Elmo development in Austin sells out before construction May 18, 2021
Front entrance rendering of The Station at St. Elmo development
The 132 condos that comprise The Station at St. Elmo were completely sold out in a first-ever, record breaking five hours during a same-day virtual sales launch event held this month by Legacy Communities and Legacy Performance Capital, investors in South Austin’s up-and-coming St. Elmo Neighborhood and Austin’s major real estate boom.
Set to break ground in August 2021, the $40M-plus development will include a North 4 story and South 3 story building housing studio suites and one- to three-bedroom condos, priced from the mid $200,000 to the $600,000+ range, with easy access to several indoor, open air and outdoor gathering areas and lounges.
That s according to the latest home-sales report the Austin Board of Realtors released Tuesday.
The April report provides the first direct comparison one year later to the first full month of the coronavirus pandemic, after COVID-19 lockdown orders last spring abruptly plunged the region s housing market into uncharted territory as the nation registered its highest unemployment level since the Great Depression.
It didn t take long for the housing market to begin recovering, and by last summer it was roaring back.
Last month s sales and prices continued the trend.
In April, the number of home sales and median prices, in both the five-county Central Texas region and the city of Austin, saw soaring double-digit growth and once again set records, the board said.
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AUSTIN, Texas, Jan. 26, 2021 /PRNewswire/ In an effort to grow with Austin s newest real estate boom, Legacy Performance Capital has invested in the St. Elmo Neighborhood of South Austin to create impactful communities in the up and coming area. Plans for the site, branded The Station at St. Elmo, include a new, attractively priced, 136-unit condo/townhome community, featuring flexible live/work spaces in South Austin s up-and-coming St. Elmo District.
(PRNewsfoto/Legacy International)
An estimated $40M development, The Station at St. Elmo is set to break ground in the Summer of 2021 with an estimated Fall 2022 completion date. It will include two, four story buildings housing studio suites, one- to three-bedroom condos and two-bedroom live/work townhomes and condos, priced from mid $200,000 to $500,000+, with easy access to indoor and outdoor social gathering areas, including an outdoor swimming pool, direct access to live/work and comm