6801 destiny hills drive...• austin abia airport is ranked #1 high tech airport austin ranked #1...
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131 ACRE (UP TO 253 ACRE) PRIME BEE CAVE DEVELOPMENT TRACT
Bee Cave Area • Prime Ranch Property or New Development
6801 DESTINY HILLS DRIVE
PROPERTY HIGHLIGHTS
• 131-253 Acres of prime Bee Cave area new development land or
ranch in Destiny Hills, between Hwy 71 and Hamilton Pool Road.
• Improvements Include: 4 Ponds, 3 Mobile Homes, Horse Barn,
Maintenance Buildings, Horse Arena’s, Water Well (Trinity Aquafer
800’+), (4) Septic Systems
• Water and Wastewater Utility Services available through WTCPUA,
Lazy 9 MUD, WCID #17
• Located in Travis County – West Austin, TX in City of Austin’s 5-mile
“Extraterritorial Jurisdiction” (ETJ) and abuts City of Bee Cave, TX
• Easy Access to Hamilton Pool Road, Hwy 71 east & west, Ranch Road
2244/Bee Caves Road, Ranch Road 12/Dripping Springs
• Coveted Lake Travis ISD Schools (Bee Cave Elementary, Lake Travis
Middle School, Lake Travis High School)
• Minutes to City of Bee Cave, Hill Country Galleria – 1.5 million square
feet retail, restaurant, office and entertainment and the Shops at
Galleria – 500,000 square feet of restaurants, and retail shopping
• 30-minute drive to downtown Austin, 40-minute drive to Austin/
Bergstrom International Airport, 45-minute drive to Circuit of the
Americas Formula 1 Race Track entertainment complex
• Between 2000 and 2013 the Bee Cave/Lakeway area grew at an over
50% rate
• Between 2013 and 2018, area growth is expected to see an additional
20% growth rate
• In recent years, developers have been delivering single family lots as
quickly as they can, while builders have pushed 100% absorption.
• Newest communities in the area include; Rocky Creek, Belvedere, Bella
Colinas/Terra Colinas, Ladera, Sweetwater, Rough Hollow, Serene Hills,
West Cypress Hills and now Provence delivering 1,800 new homesites
located next to Destiny Hills (Heffington/McCalla Ranch). Total
combined over 8,000 new lots in various stages of delivery just listed
above, yet demand is significantly outpacing development.
EXECUTIVE SUMMARY
VRA Commercial Real Estate is pleased to offer for sale, The Heffington Ranch – 131 acres of prime development land in the Bee Cave area of west Austin. Also available is the 122-acre McCalla ranch, directly abutting the Heffington Ranch to the north. The ranches are located in Southwest Travis County, off of Hamilton Pool Road and Destiny Hills Drive, adjacent to the city of Bee Cave, Texas, yet are not within the City of Bee Cave corporate zoning limits and is in the City of Austin’s 5-mile ETJ. This area is within the coveted Lake Travis ISD School District, one of Austin’s top districts. Downtown Austin and ABIA Airport are within a 30-minute drive.
The Heffington ranch was much larger in the past but over the years, Mr. Heffington carved off pieces and developed and/or sold them, around the subject tracts remaining 131 acres, and is what is now the Destiny Hills neighborhood (Section I and II) and soon to be Creeks Edge. There are numerous opportunities here ranging from keeping the ranch or ranch’s intact as a family ranch/estate, to sub-dividing into 2-5-acre ranchette tracts for residential homesites, to fully developing the 131-253 acres into a higher density residential neighborhood. Most of the existing home sites in Destiny Hills range from 2-4 acres in size. There are no restrictions or Home Owner Associations on the subject tracts however there are some restrictions and HOA’s within the original Destiny Hills (Sections 1 and 2). The main road, Destiny Hills Dr. is a 60’ Right-Of-Way owned and maintained by Travis County.
After Mr. Heffington’s passing 2 years ago, his widow has continued their lo ng history of cattle ranching and has cattle and horses spread out amongst the Heffington Ranch and multiple other ranches in the area, but now wants to consolidate all of her cattle on to one larger ranch southeast of Austin, so this is the reason for selling now. As stated, additional land is available for sale, the 122 acre McCalla Ranch, directly abutting the Heffington Ranch along its northern boundary, so combined acreage available totals over 253 acres. There are currently several Mobile Homes and Barns on the ranch that the current owner will bedis assembling and relocating at the time of sale, to another ranch they own.
The ranch is currently served by a deep water “Trinity Aquafer” well and several domestic septic systems at the mobile home sites on the property and the Pedernales Electric Coop provides electric service.
In the case of new development, there are several potential options for water and wastewater utility services near the property. For water, a connection to the West Travis County Public Utility Agency could be made via their Hwy 71 or Hamilton Pool Road service corridors. Another opportunity would be a connection to the Lazy Nine MUD which provides water and wastewater services to the Sweetwater residential and commercial developments, immediately north of the tracts in the Hwy 71 corridor. And since the Heffington and McCalla tracts are not located within another districts CCN, the West Travis County Water Control and Improvement District #17 (“WCID 17”) could annex the properties into its district and provide water and/or waste water services.
+/- 2-acre single family homesites in Destiny Hills have recently sold in the $325,000-$350,000 price range for interior, limited view lots. In the new, larger lot section of Sweetwater, custom home sites are available starting in the high $200,000’s to over $350,000. And in the new section of Spanish Oaks, newly developed home sites are starting at over $500,000 for 1 acre lots and go up to over $850,000 ++ for 1 acre lots with hill country views. The Heffington/McCalla tracts combined will produce over 150 luxury lots ranging in size from 1 1⁄2 acres to 2 acres in the heart of the Bee Cave/West Austin area.
SURVEYS
10-MILE TRADE AREA
2018 DEMOGRAPHIC SUMMARY
10-MILE TRADE AREA
186,830
249,890
$160,000+
64.47%
53.0%
25.5%
17.0%
DAYTIME POP
POPULATION
AVG HH INCOME (3 MILE)
%BACH DEGREE OR >
POPULATION TRENDS
(GROWTH & FORCAST)
2000 TO 2013
2010 TO 2018
2013 TO 2018
• Located at 6801 Destiny Hills Drive just off
Hamilton Pool Road in Bee Cave/Austin, Texas in
Southwest Travis County
• Offers direct access to US Hwy 71, Ranch Road
to Dripping Springs, TX and US Hwy 290
• Minutes from the highly acclaimed ill Country
Galleria, a 1.5 Million Square Foot Mixed-use
Lifestyle shopping center, entertainment complex
and professional office space development
• The Hill Country Galleria is a high-density shopping
center, coupled with the Shops at Galleria "Big Box"
power center just across Hwy 71, offer prime
shopping, dining, entertainment, hotel and class A
office space, totaling over 2 Million square feet
• Minutes away is the city of Lakeway and
Scott & White/Baylor Lakeway Regional Medical
Center and the state’s largest in-land lake and
water recreation area, Lake Travis. The
Heffington Ranch is just a 30-minute drive
from downtown Austin or Bergstrom
International Airport.
LOCATION MAP
LOCAL AMENITIES
BEE CAVE ZONING MAP
SITE
BEE CAVE FUTURE LAND USE MAP
BEE CAVE RESIDENTIAL DEVELOPMENTS
BEE CAVE RETAIL DEVELOPMENTS
AREA HIGHLIGHTS
• Austin is ranked America’s #1 Fastest Growing City
• Austin metropolitan population is over 2 Million and is the 11th largest city in U.S. Austin Economy is ranked #1 in the country Since 2000, employment in the Austin area has expanded 52.3%, over 15 percentage points more than Dallas-Ft. Worth or Houston
• Austin ABIA Airport is ranked #1 High Tech Airport Austin ranked #1 Greatest Music City in America and is the “Live Music Capital of the World” with over 250 Live Music Venues Austin’s Total Annual Visitors exceed 24.1 Million and contribute over $7 Billion in spending per year.
• Austin is ranked #1 city for Tech Businesses. Austin is ranked as a “Top Meeting Destination in the US” by the Convention Meeting Association.
• Austin averages 300 days per year of Sunshine and has an average annual temperature of 70 degrees Austin ranked #1 city for film making in North America and ranked best city to Live and Make Movies.
• Texas is a Non Income Taxing state and Austin has an 8.25% Sales Tax and just a 15% HOT (Hotel Occupancy Tax)
• The Austin area is a growth corridor that is expanding more rapidly than any other in the nation and the area is home to 3 of the nation’s 10 fastest-growing counties.
