Local developer Dick Rathgeber has sold Headwaters at Barton Creek, a planned 1,000-lot subdivision three miles east of Dripping Springs, to Austin-based Masonwood Communities. Masonwood, which develops master-planned residential and mixed-use communities, is buying 1,031 of the original 1,365 acres of environmentally sensitive land that Rathgeber purchased in 2004 for Headwaters. Masonwood intends to develop the subdivision, with homes priced from $250,000, under plans the City of Dripping Springs approved under Rathgeber's ownership. Masonwood CEO Jim Meredith estimates his company will develop the project over about eight years. Market conditions will dictate when work starts, but he doesn't expect that for another year or two. The Rathgeber and Masonwood acreage reserved for parkland would be about three times the size of Zilker Park, in keeping with Rathgeber's original plans. [Austin American-Statesman]
ZIP Code: 78620 Approximate Location Boundaries: Dripping Springs
Location Characteristics: Dripping Springs offers you a true blend of hill country living with all the benefits of a cosmopolitan city at your doorstep. An emerging bedroom community to Austin, Dripping Springs is home to numerous artists, skilled craftsmen, organic produce and exotic animal farms. Still largely agricultural, Dripping Springs is a fast growing community that is attractive because of its top rated schools, small town atmosphere and close proximity to both Austin and San Antonio. Dripping Springs remains a close knit community where you can create a lifestyle that promotes personal, professional and spiritual growth.
About Donna Scoggins:
Managing property since 1987, Donna has learned Real Estate from the inside out. After 8 years of managing multi-million dollar properties Donna switched her focus to leasing. Giving up her supervisory position with Austin’s top locating service, she became a REALTOR in 2002 and a "Multi-Million Dollar Producer" that same year. In today’s economy, you need a REALTOR who has diverse experience on your side.
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