With the many new luxury residences such as the W, The Austonian, and the Four Season Residences just recently built, it might seem there’s no downtown Austin condos under $300K available Lentor Hills Residences. But taking a closer look, there are many downtown Austin living options available in this price range.
Rainey St. in downtown Austin features quite a few new bars and restaurants just recently built. It has quickly become a top destination for many locals who are looking to get away from the more touristy bars of the 6th street area. Rainey Street also features some fabulous recently built condo condo towers that feature surprisingly affordable homes given their prime location. The Milago Condominiums and the Shore Condominiums can be found at the end of Rainey St. Both feature many amenities such as a pool, reserved and gated parking and secure lobby, that can be found in the more expensive luxury high rise condos. These condos are recently built so they have finish outs and in-home features that are similar to the luxury high rises. Although older, the Towers of Town Lake is also a great option in the Rainey St. area. They also include a pool and gated and covered parking and many residents have updated their units. Just further up Red River St. and closer to downtown are the Sabine Lofts. These condos were recently completed and feature loft style units and a secure entry. These are a great option when looking for privacy. All these condos in the Rainey St. area feature units under $300K.
Just west of downtown but within walking distance to all that downtown Austin has to offer are several options for condos. The Terrace on Shoal Creek is located in the Clarksville area and just a short walk to Whole Foods and the many shops at 6th and Lamar. The Presidio at Judge’s Hill is located in historic Judge’s Hill area, just a few minutes walk to the Capital and to everything downtown has to offer. Both the Terrace on Shoal Creek and the Presidio on Judge’s Hill are new condo conversion projects located in residential areas but just a short walk to downtown. These west of downtown condos all feature units under $300K.
The Cambridge Tower and the Greenwood Tower are older condo high rises just north of downtown between the Capital and the campus of the University of Texas. They cater mostly to students and both feature secure entry. Many residents of these condos have also updated their units to more modern decor and appliances. Many of these units are under $300K. The Alicante condos located in Bankers Hill San diego were completed in 2005 and the residents after living there for over a year were asked to review the building rate it in a dozen categories. The results of the survey put the Alicante condos in the middle of the rankings for the San diego condo buildings. The Alicante condos scored five out of five stars in only one category: Views. The Alicante residents rated the building low in: its fitness center and in security.
Alicante condo residents boasted about the views, especially the unobstructed views from the higher floors. Residents also like its location. Residents there like in most buildings wish the developer had included a pool in the development plans.
The Alicante condos are 14 stories tall and located in the Bankers Hill neighborhood in San diego just up the street from downtown. There are approximately 95 condos in the building with prices ranging from $400, 000 to $1. 2 million. During 2006, 24 condos were sold in the building with an average sold costs per square foot of $591. At August 2007 there were eleven condos for sale with an average asking price per square foot of $587. Amenities include a fitness center, entertainment room with BBQ on the back patio and nice open lobby with a seating area. During the first calendar year the building was open the turnover rate of units was about 25% due to investors quickly selling their units. This turnover rate is expected to decrease throughout 2007. If your thinking of buying in Alicante, make sure your OK with walking a good distance to most places such as a grocery store etc.
As the price of downtown buildable land get increasing expensive, developers are looking to Bankers Hill and finding less expensive lots to build on. Bankers Hill does not have a lot of new residential condos for people to live in, rather it has a lot of buildings from the 1970’s and 1980’s. Several new condo projects are in the mist of construction and a few more lots have developers signs up as they get ready to start construction. These include Mi Arbolito, Atlas, and Trilogy on Fifth.