Limited land, rising property values From the cover
What’s happening?
Local residential buildout Colleyville, Grapevine and Southlake are over 92% built out, with limited new housing space.
Undeveloped land
114
Grapevine, Colleyville and Southlake are more than 90% built out, leaving developers only small parcels of land to build on, Calais Custom Homes co-owner Paul Rostron said. Calais Custom Homes works with clients to build homes, with the company currently selling lots at Linmar Estates in Southlake and Holt Farms in Colleyville. The available lots for development in the three cities are mostly under 100 acres and the parcels over 100 acres belong to long-time families who have lived on these properties for decades and are unwilling to sell, Rostron said. “For [Southlake and Colleyville], [City Council] will typically not let any developer or builder put more than one home per acre of land,” he said. Despite the small amount of land available, the demand for houses in Grapevine, Colleyville and Southlake persist because of available jobs from companies like Toyota and Wells Fargo being headquartered nearby, Assaad and Rostron said.
Grapevine
96.7% built out
Developed Undeveloped
Southlake
121
Colleyville Developed
94% built out
114
635
25
Undeveloped
Grapevine
Colleyville
Southlake
92.3% built out
Developed Undeveloped
121
360
97
MAP NOT TO SCALE N
SOURCES: CITIES OF GRAPEVINE, COLLEYVILLE, SOUTHLAKE COMMUNITY IMPACT
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