Photo courtesy Bright Realty

Artist rendering of Discovery at The Realm in Castle Hills in Lewisville. Photo courtesy Bright Realty.

Since the first homeowners moved into Lewisville’s Castle Hills community in 1998, more than 12,000 people have decided to call the master planned community home, and it is about 60 percent built-out today.

Located off State Highway 121 and Farm-to-Market Road 544, Castle Hills is 60 percent residential and has single-family houses ranging from about $300,000 to $1.5 million and more.

Developer Bright Realty is enticing a different demographic with their next stage of work at Castle Hills with a $75-million project called Discovery at The Realm. These 4,000 luxury rental apartments are being built with young professionals in mind.

Tim McNutt, Executive VP of Multifamily Development at Bright Realty and a Castle Hills resident himself, said these apartments are part of the strategy to develop Castle Hills in stages.

“The long-term plan was to establish the single-family housing, then to develop the remaining commercial properties,” McNutt said. “Along with the commercial [real estate], we wanted to expand the demographic and this will broaden our appeal to a whole new market.”

Photo courtesy Google Maps

Photo courtesy Google Maps

Bright Realty broke ground in December on Discovery at The Realm, which will include high-end, three podium-style buildings (underground parking with four stories of apartments above) on over 20 acres of land located south of Windhaven Parkway at Castle Hills Drive. The first units will be available in April 2016, with all phase one units completed by October 2016. Jump to read more!

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Some days I imagine moving to the suburbs. But it’s my love for East Dallas and everything it has to offer (including being about 15 minutes from downtown, a lake, bike trails, great shopping, awesome neighborhoods, etc.) that keeps me urban instead of suburban.

Still, I look at some of the houses and how much home you can get for your money in a place like, oh, say, the Hickory Ridge subdivision of Plano, and I imagine my suburban home, with two SUVs parked in the garage and a golden retriever.

If life north of LBJ is more your thing, then 9320 Old Veranda marketed by 2 Clarks Real Estate is a great place to start. This home is in northwest Plano, which, conveniently enough, is inside the Frisco Independent School District. You’re just south of the Sam Rayburn Tollway (Highway 121 for the uninitiated) and so close to IKEA you can almost smell the Scandinavian-designed furniture hand-crafted in China.

What you compromise with a commute is plenty of room to satisfy everyone. You get four bedrooms, four baths, a media room, a downstairs office, two-car garage, and a pretty sizable backyard. There’s stainless and granite in the kitchen and hardwoods underneath your feet and tons of natural light pouring through the windows.

And you get all of it — all 3,430 square feet — for just $332,000. (There is an HOA, and dues are $250. The annual fee gets the buyer access to the clubhouse and community pool, too.)

That just floors me. A home that size in a desirable area of East Dallas would cost at least half a million, if not much more depending on how close you can get it to White Rock Lake.

What other suburbs have great values for tons of space?