545-acre Development in Northwest Austin Suburb Gets County Approval

Amber Heckler February 21, 2023


Thomas Ranch will add 3,500 new housing units once the development is finished. Photo courtesy of ECPR
 
It’s no secret that Austin’s rapid growth over the years has created a need for more housing, and one development company has headed west to accomplish this. Luxury real estate developer Areté Collective received approval from Burnet County for preliminary development plans for about 545 acres of Thomas Ranch lands in Spicewood, just northwest of Austin.

Located just half an hour from downtown Austin, Thomas Ranch is a 2,200-acre master-planned community that aims to provide “new and innovative housing options to the Greater Austin area,” according to Areté Collective CEO and co-founder Rebecca Buchan in a release. The initial plat, or property line maps, includes arrangements for 43 residential lots on nearly 27.5 acres of land, with the remaining acreage set aside for future development expansions on Thomas Ranch.

One of the milestone goals highlighted by Buchan is the collective’s ability to make significant progress on the project after its acquisition just over a year ago. When it’s finished, Thomas Ranch will have 3,500 new housing units, a private club and golf course, schools, a resort hotel, and 250,000 square feet of commercial space for Austin businesses and restaurants in an anticipated walkable downtown district.

“We are committed to bringing a global expertise to collaborations with local leadership and business partners to benefit the local economy and community,” Buchan said in a statement.

Austinites will be able to take their pick from a variety of single- and multi-family homes, apartments, senior living, and affordable housing based at different price points. The ranch will also seek to provide residents with an “outdoor lifestyle” that displays the beauty of Lake Travis and the Hill Country, some of the most desirable Austin suburbs.

The final approval process for the Thomas Ranch development will begin later this year, after which the first sale of 450 private residential units will take place. More information about the development can be found Here.
 
This site map shows Arete Collective’s plans for the 2,200-acre community. Photo courtesy of ECPR
 
 

Recent Blog Posts

8 Interior Design Trends Shaping 2024’s Luxury Homes

The world of luxury home design is ever-evolving – and 2024 is no exception

6 Takeaways from the Christie’s International Real Estate 2024 Luxury Forecast

From the rise of ‘quiet luxury’ to the growing influence of Gen Z, Christie’s International Real Estate identified several trends that are shaping the luxury real esta… Read more

Austin ranked the No. 1 Best Performing City for the first time since 2013

The Austin metro area earned a top ranking from the Milken Institute’s 2024 report — here’s how we got here.

@properties lone star Christie’s International Real Estate launches new Sports & Entertainment division working with athletes and entertainers.

The Dallas and Austin-based global network will allow athletes, entertainers and others to more seamlessly find homes across the world, with agents who specialize in m… Read more

10 Agents in Texas Named to the Christie’s International Real Estate 2024 Masters Circle

10 premier real estate agents from Dallas and Austin have been named to the Christie’s International Real Estate 2024 Masters Circle.

Christie’s International Real Estate to Launch Luxury Austin Brokerage

Christie’s International Real Estate, the world’s preeminent luxury real estate brand, will enter the Austin, Texas market this fall with the launch of a new affiliate.

Facelifting a Kitchen for a Fresh Look

A modern door example is something that has squared profiles and preferably, not knotty wood. 

Buyer Traffic is Still Stronger Than the Norm

Don’t put off your plans because you’re worried no one will buy your home.

Property Tax Relief Bill Moves Through Texas Legislature

Texas law, there is a 10% appraisal cap for homeowners and no cap for owners of commercial property.

Work With Us

Monica distinguishes herself as an exceptional professional in the real estate industry, consistently exceeding all expectations by delivering unparalleled service. Leveraging her extensive market expertise, Monica excels in optimizing property market values when entrusted to list or search for a property. Whether you're interested in buying or selling, Monica collaborates closely with clients to pinpoint their ideal properties, secure the most advantageous deals, and consistently provide a truly FABulous real estate experience.