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Texans two-step to Galveston beach homesTexans two-step to Galveston beach homeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58412013-11-01T06:53:00Z2013-11-01T06:45:00Z

GALVESTON and BRAZORIA COUNTIES - Texas buyers are taking to the Gulf to purchase their secondary and vacation homes.

Brokerage firm Sand ‘N Sea Properties in Galveston has sold 248 homes year-to-date, a 38 percent increase from the 181 properties sold in the same period 2012. About 85 percent of those are considered vacation or secondary homes.

On Follet’s Island, the new $30 million Seahorse Beach Club and Residences will break ground in November 2013. 

The community in in Brazoria County will sit on 100 acres with about 30 acres occupied by a nature preserve, and will include 36 homes, plus amenities. The estimated cost to complete the project, not including land values, will be about $30 million.

First occupancy of the build-to-suit homes is expected for summer 2014 and the beach club completion is slated for end of 2014.

Listen to Podcast 192...for this story and more!

Houston Business Journal
Houston-The Woodlands-Sugar Land
Housing
http://www.bizjournals.com/houston/print-edition/2013/10/25/local-beach-home-sales-skyrocket-from.htmlRead more at {Source}

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