The Village Walk in Port Aransas!

The Buena Vista I is a gorgeous home in the Village Walk, Port Aransas. Close to the beach, town and new Arnold Palmer golf course. Come and relax on the beach and enjoy beautiful ocean views!! The Buena Vista I is a spacious three story 4 bedroom 3 full & 1 half bath home with an open floor plan and over 2000 square feet of living space with ocean views. The ground floor is comprised of an oversized two car garage and a guest suite complete with living area, kitchenette and patio. The second floor is dedicated to the 2 guest bedrooms, the master suite, 2 full baths and a balcony. The third floor is ideal because it is completely devoted to functional beach living and entertainment. Enjoy floor to ceiling windows with views of the ocean, relax in the open living area that blends into the dining and gourmet kitchen. Pass through the French doors to a second large balcony. Take the stair case to the left and you will discover the large and panoramic rooftop terrace perfect for sunning, your afternoon barbeques or evening sunsets. Sound like too many stairs? The Buena Vista includes an elevator to make life a little easier. Flexible, spacious and beautiful, you will love the Buena Vista I!

This is hands down the best value on the Texas coast and perfect for vacationing or to add to your rental pool. Do not buy on the Texas coast until you have seen Village Walk!! Each home soothes the soul with stained concrete floors, Hamptons style wood ceilings and walls, great use of space with open floor plans, user friendly kitchens, fenced private yards and convenient enclosed two-car garages. The community is gated and welcomes you with a palm tree-lined blvd, landscaped greenbelt walkways, extensive sidewalks and two pools & pavilions. Every homeowner will love the protective architectural covenants, low HOA fees and income potential of short-term rentals. To top it off, Village Walk is less than two minutes to the beach!

Texas Coastal Real Estate, Port Aransas Real Estate

Village Walk, Port Aransas -Vacation Homes

Resort community: Big problems at the Sanctuary at Costa Grande?

The following article was published in the Victoria Advocate the other day. It is pretty interesting information. We have done some business in the development and they have done a phenomenal job of pre-selling the development and building the amenity package. Many times developers will come in sell all of the lots and disappear over night. This is far from the way The Sanctuary has been developed. The quality of the community speaks for itself, but foreclosures are always concerning. It will be interesting to see how things shape up this year.

Activity on the coast has been strong as more and more people look for second homes, investments and ways to protect themselves from inflation. It will be interesting to see if the foreclosures in the Sanctuary move quickly or languish on the market.

"Resort community: Big problems at the Sanctuary at Costa Grande?

PORT O'CONNOR - While a number of resort community lot owners face foreclosure, the Sanctuary at Costa Grande developer says he swims still with his head above deep financial water.

"I've heard at different times that the Sanctuary is broke. Absolutely not true," said Darryl Hammond, general manager of D.H. Texas Development and the project's principal developer. "We now have 600 owners who pay $2,000 a year to keep the grounds up. We're not going anywhere."

The Sanctuary at Costa Grande, located just outside Port O'Connor, is a high-end residential development. Work began in March 2007. Hammond and investors poured $60 million into leveling the ground, installing streets and building the infrastructure, as well as the bulkhead for the 150-acre marina, boat slips, pools and clubhouse.

When the economy dove, foreclosures rose. This year, foreclosure threatens about 50 home site owners, Hammond said.

"As a percentage of the development, that's not very much," he said.

David Roberts, the Sanctuary's Port Lavaca lawyer, confirmed Hammond's account. He said many buyers were outside investors who had visions of beach-front appreciation.

The development boasts 767 single lots and space for 35 multi-family lots. So far, Hammond's group of salespeople sold 600 lots at prices ranging from $69,000 to $500,000, he said.

"We still have to sell about 200, but the homeowners' association is in good financial shape and taking care of the grounds," Hammond said. "We haven't made a lot of money, but all the property the HOA owns is free and clear. The development is sound, as far as I'm concerned."

Nobody lives at the Sanctuary year-round. The development for now is largely a place for second homes and investments. So far, three lot owners built homes and Hammond said he expects more this spring.

He also expects to break ground on Phase III of the plans: developing about 300 lower-priced units next summer. This phase was part of the plan all along, he said.

"With the rest of the economy moving in the right direction, we feel our place will, too," he said. "We just don't know if it will be six months, a year or longer."

Had the country and region not been hit by recession, Phase III would be complete, Hammond predicted. So long as the real estate and stock market fluctuate, buyers remain cautious. Breaking ground on Phase III plans this summer will hinge on an upswing in markets and confidence.

He declined to discuss phases planned beyond the third, as well as possible timelines for future phases. "Until we see what this market does, it's hard to say what we'll do," Hammond said.

For now, about 6 percent of the high-end lots face foreclosure. This remains a positive sign for the resort community's future, suggested Lee Swearingen, a Victoria broker.

"If that's all there is, that's pretty good," Swearingen said."

For more information on The Sanctuary at Costa Grande