Lago Vista: $350 million Montechino on Lake Travis kicks offLago Vista: $350 million Montechino on Lake Travis kicks offhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=21202014-12-19T12:07:00Z2014-12-19T10:45:00Z

LAGO VISTA - Construction has started on the long-delayed Montechino project, a $350 million luxury community planned for Lago Vista that could bring more than 300 homes in coming years.

The project is planned for 250 acres on Lake Travis’ north shore. The developer, Houston-based investor Brian Atlas, bought the project out of bankruptcy nine years ago.

A 30-acre park, a 70-slip marina and a 96-room hotel also are planned, although Atlas said he does not yet have a hotel developer.

Montechino will have several housing types: garden homes, single- family homes, and waterfront condominiums as well as estate homes on lots ranging from three to ten acres. A few houses are nearing completion, and several more will be starting soon.

Plans call for 60 garden homes in a section called Camelot Woods, with three of those homes currently under construction. Prices will range from $280,000 to $470,000, Atlas said.

The 56 waterfront condos, in the Bella Vista section, will range from $780,000 to $1.75 million.

Among the single-family homes, the Signature Homes series will have 102 houses priced from $450,000 to $700,000. Another series, the Heritage Homes, will have 100 residences priced from $650,000 to $1.2 million.

The estate homes are expected to range from $1.2 million to $5 million.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/long-awaited-residential-project-kicks-off-in-lago/njWs9/#1e49a191.3682584.735586Read more at {Source}

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