One of Austin, Texas’s most established, exclusive and expensive neighborhoods combines history and sophistication with homely neighborly love.
Nicole Kessler, Broker Associate of Compass’s Nicole Kessler Group, said it’s located minutes from the city’s downtown, “where Austin’s most influential residents come together with an old-fashioned, intimate atmosphere.” I have a great legacy of having lived there.”
Pemberton Heights is one of the city’s most coveted neighborhoods, not only because it’s close to downtown, but also just a short drive from the main campus of the University of Texas at Austin and the Texas State Capitol. The beauty and the fact that there are only 613 homes within its borders.
Part of the Old West Austin Historic District, Pemberton Heights is bounded north by Northwood Road, south by 24th Street/Windsor Road, and west by Texas State Route Loop 1 (known locally as MoPac) and Lamar Blvd. East Shoal Creek.
Austin’s luxury market starts at $2 million, says Bridget Ramey, global real estate expert at Kuper Sotheby’s International Realty. But at Pemberton Heights, she bought the disassembly for $2 million, and the “true compound” typically sells for closer to $15 million, she said.
Buyers pay premium rates for homes on the most coveted streets, including Gaston Avenue, Wooldridge Drive, Jarrat Avenue and Harris Boulevard.
“Homes range from custom homes over $10 million, fully renovated homes up to $8 million, and very attractive original condition homes up to $4 million,” Ramey said. . “Some lots are special in that they are larger and gated and some lots have views and pools.”
Many of the luxury properties are not sold on the open market, ensuring privacy for sellers and buyers.
“As a distributor of luxury goods, we have an underground market that we use to sell them,” says Kessler. “Because Texas is a closed state, home sales prices are not made public. It has the advantage that no is recorded and property taxes are not increased.
Kessler said the average price of homes on sale in the area to the public is about $3.3 million and the average number of days on the market is 42 days, but “off-market sales have been strong, averaging $5 million. In dollars, it’s been on the market for about 20 days,” he added. ”
Douglas Elliman Realty real estate agent Michael Reisor said: Homes he has traded for over $25 million, especially when some streets in the neighborhood overlook the city. ”
The historic, traditional-style homes on tree-lined street are full of character and charm that reflect the development of the community, built in 12 stages from 1927 to the early 1940s.
There is also a mix of some older duplexes as well as some new construction contemporary and modern homes.
“Walking down Wooldridge or Gaston, two of the neighborhood’s iconic streets, you’ll find gas-lit exteriors of early 20th-century homes and new architectural significance that blends with giant heritage oak trees. You see beautiful buildings,” Reisor said.
The house comprises a range of Revival architecture, including Colonial, Tudor, Neoclassical and Artisan designs. “Every new home built in this historic neighborhood has kept the original character of the community intact,” Kessler said. “And every home has a minimum requirement of 30 to 40 feet of setback.”
Lot sizes range from 0.15 acres to 0.5 acres.
There are no condominiums or apartments.
Calling Pemberton Heights “Austin’s crown-like district,” Kessler said, “This little pocket of Austin is beautifully landscaped with its historic designation and majestic trees that form a canopy over its immaculate streets.” Well established neighborhood, everything is incredibly close to Pease Park, walking trails and the best Central Austin has to offer.”
In addition to being “one of the wealthiest neighborhoods in Austin’s history,” Raimey said, Pemberton Heights is family-friendly, walkable, has “gorgeous architecture,” and celebrities have made it to the city. said to be the place he chose to live in.
In addition to its proximity to downtown’s cultural hub, she added, the neighborhood’s “meticulously maintained open lawns, heritage oak trees, and Pease Park” set the neighborhood apart. I was.
“Many homes in the neighborhood’s most desirable locations offer breathtaking panoramic views of the city that rival the views from some downtown condos,” Reisor said. “There are not many businesses in the neighborhood, so some people wait years to find the house they want.
Pemberton Heights is entirely residential, yet just blocks from some of Austin’s most iconic restaurants and shops. Jeffrey’s, a New American steakhouse, and its sister restaurant, Josephine House, feature locally sourced ingredients. Cafe Merit Coffee Company. Tinys Milk & Cookies offering pastries, ice cream and other sweet treats. And the neighborhood restaurant, Tiny Boxwoods Austin.
“Tiny Boxwoods is a popular restaurant with outdoor seating,” says Ramey. “Uchiko, one of Austin’s famous restaurants, is by legendary sushi chef Tyson Cole. Fonda San Miguel is one of Austin’s oldest foodie favorites, with beautiful interiors and Mexican cuisine.” known for.”
Popular boutiques include Valentine, which sells women’s designer clothing and accessories. A good company that provides apparel and jewelry for women. ByGeorge, a luxury fashion and lifestyle store founded in 1979.
“The Menagerie is the go-to place for Austin’s wealthy to purchase fine custom jewelry and luxury gifts, as well as a wedding registry,” said Ramey.
Residents may join the Westwood Country Club adjacent to Pemberton Heights. Founded in 1955, the club houses a medieval French mansion that dates back to 1925.
Residents send their children to several private schools. St. Andrew’s Episcopal School, a co-educational institution for K-12 students. Good Shepherd Episcopal School for Pre-Kindergarten and Kindergarten students. St. Stephen’s Episcopal School is a co-educational pre-boarding and day school for students in grades 6 through her 12.
The community has two parks. Hartford Park, a fenced green space on half an acre of vacant land, includes a playground, decks, tables and chairs, bocce ball his court, and an arbor. The recently renovated Pease District Park has many amenities, including interactive water features, treehouses, nature center playgrounds, playgrounds, basketball courts, and more.
For trails and bike paths, residents head to Shoal Creek Conservancy.
who lives there
According to Kessler, Pemberton Heights is home to “established vacant homes and families” that “make Austin fun and vibrant.”
“This is definitely where families ‘move in’ and often keep a second home,” Ramey added.
Residents come from all over the country, Lazer said. “During the pandemic, I saw many people moving from New York and California to Pemberton Heights. They were drawn to its natural beauty and proximity to downtown.”
Filmmaker Robert Rodriguez, creator of the action-adventure comedy series Spy Kids, owns the neighborhood’s iconic Pemberton Castle, built as a water tower in the 1890s. published reportFashion designer Kendra Scott also lives in the community, according to . published report.
In a “strong” Austin real estate market, Reisor believes Pemberton Heights properties will continue to appreciate in value.
“We expect the market to be soft for a few months while we expect inflation to start easing, after which we expect to be in the race again,” he said. He added, “Last year he expected a normal home price increase of around 10%, not 40%, but from 7%.”
Lamy said the market remains strong as the region is very attractive. “Austin prices continue to flatten out and Pemberton Heights remains high. Record prices since Covid began.”
during the pandemic “We’ve seen a surge in homebuyers looking for the area, which is seriously understocked,” Kessler said. “This has led to bidding wars and rising property values,” she said.