Lake Travis - Westlake Edition | July 2022

2022 REAL ESTATE EDITION

POPULATION ON THE RISE From 2010-20, the area west of Bee Cave and Lakeway experienced a large increase in population. As infrastructure improves farther west toward the county line, Realtor Justin Jette said the area will likely see even more growth.

of Hwy. 71 for retail and oce space, according to Moreland Properties. West Cypress Hills is another major development consisting of roughly 500 homes, totaling more than 1,000 acres of land west of Sweetwater. Building began in the neighborhood in 2004 and continues today. Sweetwater and West Cypress Hills represent traditional neighborhood build-outs in the area, Jette said. “They’re already established out there and … started the newer growth out in that direction, oer- ing a more traditional scenario at what used to be lower prices,” Jette said. Signicant growth has taken place in the last 20-30 years o Paleface Ranch Road, with the subdivisions Lakecli on Lake Travis and Barton Creek Lakeside. Thomas Ranch is an upcoming development o the road that was approved in 2017. Located on 2,200 acres, Thomas Ranch will be one of the largest residential developments in the area with about 3,300 homes, apartments, restaurants, a hotel, marketplace shops and more, according to plans approved by Travis County. The project is estimated to take two decades to complete and will have a population of 6,000-10,000 people. “There has been so much development in just the last ve years; it’s overwhelming,” Parker said. “These are major, major communities right here on [Hwy.] 71. It’s just all going to change.” Alongside residential developments, businesses have also found fertile ground in the area. As a sea- soned Spicewood resident himself, Dewey Holling- sworth said he has maintained several business ventures since moving there in 1957. Hollingsworth owns Hollingsworth Real Estate Group, a recreational vehicle park, a self-storage ser- vice and formerly ran an insurance business in the area, alongside other endeavors. Interest in the area has grown throughout the years, with convenience stores, small medical facilities and variety stores trying to buy land in the area, Hollingsworth said. “You’re going to see growth,” Hollingsworth said. “There’ll be oces, dierent types of businesses that will help our community. It’s going to grow, no ifs or ands about it.” In Spicewood, several of the buildings currently have a “countryside” building style, such as the

+502

+1,141

Bee Cave B

Lakeway A

+1,348

POPULATION INCREASE FROM 201020*

620

3,000-3,999 2,000-2,999 1,000-1,999 0-999

+907

+2,071

+484

+3,896

+6,509

+1,015

4,325

*THIS INFORMATION IS BASED ON CENSUS DATA, WHICH SPLITS THE AREA INTO SMALLER SECTIONS, OR TRACTS. 4,000+

+1,800

SOURCE: CITY OF AUSTINCOMMUNITY IMPACT NEWSPAPER

“I think what everybody’s really concerned about is preserving the beauty of this area—the thing that makes it so special, not wanting to lose that,” Parker said. From his front porch, Lewis said he has a clear view across the lake and can see the signs for stores on the far side. But for Spicewood, a former farming and cattle community-turned prospering focal point for resi- dential real estate and business, change may be on the horizon, Lewis said. “Right now I don’t have to look at [any] houses; all I see is Hill Country,” Lewis said. “Maybe not in my lifetime, but for my kids, there’s just going to be more and more population. You have a lot of undeveloped [land], but a lot of it’s being developed now.”

Spicewood General Store and the strip of businesses next door. A concern of residents is losing the “coun- try charm” of the area as development continues, Hollingsworth said. Growth in Spicewood has a somewhat dierent trajectory, given the unique challenges of building in the area, Jette said. The main problem is water; if residents or developers cannot get the necessary water supplies, building is untenable. In coming years, Jette said that reasoning will be less viable as more infrastructure is brought to the area by developers in response to growing demand. Looking toward the future Interest in commercial and residential ventures will likely only grow in coming years, Jette said. For instance, Mighty Fine Burgers has plans to open a Spicewood location in July. As development continues its westward creep toward Spicewood, Parker said she hopes the com- munity can nd a happy medium between develop- ment and Hill Country living.

For more information, visit communityimpact.com .

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Julie from Denmark, 16 yrs. Enjoys gymnastics, swimming and photography. She’s positive, fun loving and easy to get along with. Julie from Denmark, 16 yrs. Enjoys gymnastics, swimming and photography. She’s positive, fun loving and easy to get along with.

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www.whhosts.com World Heritage is a public benefit, non-profit organization based in Laguna Beach, CA. www.whhosts.com World Heritage is a public benefit, non-profit organization based in Laguna Beach, CA.

www.whhosts.com World Heritage is a public benefit, non-profit organization based in Laguna Beach, CA.

LAKE TRAVIS WESTLAKE EDITION • JULY 2022