Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has expanded its geographical footprint into the Texas market with 208 single-family lots under various stages of development located throughout the Austin metropolitan statistical area (MSA).
The real estate development company said its luxury homes range from 2,200 to 4,200 square feet, with prices starting at $900,000 to $2 million.
“As one of the nation’s fastest-growing cities, Austin is a prime location for real estate developments and the perfect region to launch our luxury home collection,” Harbor Custom CEO Sterling Griffin said in a statement.
“We’re introducing our exceptional level of craftsmanship with modern architecture that is unique to the area yet embodies the essence of Hill Country living,” he added.
READ: Harbor Custom Development closes on $4.48M land sale to Noffke Homes in Blaine, Washington
Harbor Custom noted it closed on its first two single-family homes in the Driftwood community of La Ventana in March 2022, with nine additional homes under contract expected to close later this year.
It added that there are currently 23 other lots in various stages of construction throughout Hill Country and nearby Horseshoe Bay.
The company said most homes feature four to five bedrooms, three and a half to four bathrooms, and two to three-car garages.
Harbor Custom is a real estate development company involved in all aspects of the land development cycle, including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas; and Punta Gorda, Florida.
As a land developer and builder of apartments, condominiums, single-family homes and luxury homes, Harbor Custom's business strategy is to acquire and develop land strategically based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces.
Contact Sean at sean@proactiveinvestors.com