Hudson Miramont_Property for Sale
Hudson Miramont_Property for Sale

Hudson Miramont

8818 Travis Hills Dr, Austin, TX, 78735-1766, US

Description

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Hudson Miramont (The “Property”), a 276-unit, 2005 vintage, garden-style apartment community located in Southwest Austin. Hudson Miramont provides investors with the ultimate value-add opportunity, allowing for substantial renovation with potential to create healthy rent premiums and drive future NOI – Hudson Miramont is 100% classic units and has been largely untouched since initial construction. Additionally, the Property’s superior Southwest location provides easy access to Greater Austin via Southwest Parkway and Loop 1 (Mopac Expressway), while being surrounded by some of city’s most coveted neighborhoods, including Oak Hill and Barton Creek. Hudson Miramont is a short distance from some of Austin’s most prominent and influential employers, including AMD, NXP Semiconductors, ARM, Solar Winds, and Seton Southwest Hospital. The Southwest submarket is one of Austin’s highest barrier-to-entry areas for new multifamily construction, creating a favorable supply-constrained environment that supports robust apartment fundamentals. Hudson is a true value-add opportunity located in one of the most advantageous areas of Austin given the exceptional quality of living, scenic surroundings, access to world-class employers, and swift access to Greater Austin.

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Attributes

Units
276
Occupancy
97%
Year built
2004
Building area net
25,896 sm
Land area net
17.92 ha

Media

Investment highlights

DEEP DISCOUNT TO REPLACEMENT COST WITH SIGNIFICANT BARRIERS TO ENTRY

  1. Southwest Austin poses significant development challenges resulting in extended project timelines and regulatory hurdles
  2. In order to justify a new garden development today, rents would have to be north of $2.20 PSF.
  3. Tariffs make it even more difficult for new development through potential cost increases


IRREPLACEABLE LOCATION IN SOUTHWEST AUSTIN

  1. Nestled in the beautiful and highly sought after Southwest Austin hill country, offering residents a serene living environment with picturesque natural surroundings with seamless connection to Austin’s primary employment corridors, retail destinations, and outdoor recreational amenities.
  2. The immediate area is exceptionally supply-constrained, with only one project, 372 units currently under construction within a two-mile radius, protecting the property from a flood of new competition and stabilizing occupancy.
  3. Offers unparalleled connectivity to Austin's major thoroughfares.
Hudson Miramont 4_Property for Sale
Hudson Miramont 4_Property for Sale

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Last updated
Aug 1, 2025