Land
Under Contract

Somerset Hills Land

Ronald Reagan Blvd, Georgetown, TX, 78633, US

Somerset Hills Land_Property for Sale

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Asset description


JLL has been exclusively retained to offer qualified investors the exceptional opportunity to purchase the fee simple interest in the Somerset Hills Land parcel(s) (“The Property” or “The Site”) located in Georgetown, TX within the Austin MSA.  Just down the road from Interstate Highway 35, The Site is ideally located on the burgeoning Ronald Reagan Boulevard between County Road 245 and State Highway 195, positioning it perfectly in Austin’s path of growth north.  In addition to the proximity to IH-35, The Site is directly adjacent to the luxurious Sun City Retirement Community. This retirement community is also home to three private golf courses including Cowan Creek, White Wing and the premier course Legacy Hills. These Single-Family Home (SFH) development sites, Townhomes, and Patio Home sites are fully entitled, utility served, and ready to break ground. This neighborhood could be utilized as a for rent product (SFR) or for sale units. Notably the fastest growing city in the nation with over 50,000 people per the latest census and included in the Austin MSA, Georgetown has continued to benefit from the significant discount in cost of living when compared to Austin, while maintaining accessibility to all the amenities and comforts Central Texas has to offer. 

Attributes

Land area net
267.39 acres (11,647,508 sf)

Investment highlights

  • Development Ready Site, large acreage and almost ready for construction
  • Georgetown is the fastest growing city in the country with more than 50,000 residents
  • Directly adjacent to Sun City retirement community
  • Development agreement in hand, utilities to the individual tracts
  • Slated for 1,210 units of Patio Homes, Townhomes and Single Family Lots

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Last updated
Oct 4, 2022