A newly built home by Heyl Homes in the Barton Creek neighborhood was Austin’s top public sale last week. The property, located at 4312 Amarra Drive, went under contract after being on the market for nearly a year, according to Douglas Elliman’s Eklund Gomes team’s Eklund Weekly Luxury Report Austin.
While the final sale price was not disclosed, the home had an asking price of $3.5 million, or $1,000 per square foot. This price remained unchanged during its time on the market, which is notable compared to other recent high-end sales in Austin that saw significant reductions before closing.
For instance, another prominent sale last week involved a one-acre waterfront home initially listed for $3.5 million in March but sold with an asking price of $2.8 million at the time of sale.
The house at 4312 Amarra Drive is one of six new builds by Heyl Homes in Barton Creek and measures 3,300 square feet with three bedrooms and two bathrooms. Tim Heyl of Keller Williams represented the listing; he is related to Pat, Danny, and Mike Heyl of Heyl Homes. Access to Barton Creek Country Club was highlighted as a key feature.
Tim Heyl also leads Homeward, a proptech company that allows buyers to purchase homes before selling their current properties.
According to county records, Heyl Homes took out a $2 million construction loan for this project. Although it is designed as a single-family residence, 4312 Amarra Drive sits within a development structured as a condominium regime by the Heyl Corporation.
Barton Creek remains among Austin’s most expensive neighborhoods due to its scenery and proximity to Barton Creek Country Club. It is situated west of downtown.
Recent data from Redfin shows that Austin has become one of the strongest buyer’s markets nationwide; in September sellers outnumbered buyers by 130 percent (https://www.redfin.com/news/housing-market-update-september-2023/). Local real estate agents have observed reduced demand for luxury homes following fewer tech industry relocations—a trend that previously fueled rapid growth during the pandemic era. Earlier this year, luxury listings in Austin recorded some of the highest median days on market nationally (https://www.redfin.com/news/luxury-homes-sit-longer-on-market/), leading many sellers to cut prices on high-end properties.
