Floor plan three in the Long Lake development. Photo: Scott Hogg

A rendering of residential floorplan three in the Long Lake development. All renderings courtesy of Scott Hogg

All eyes are on the fiery hot North Texas real estate market, even from 7,000 miles away: A luxury new housing and commercial development in Corinth is underway, backed by an entrepreneur based in Beijing, China.

The Long Lake development is located about 34 miles from downtown Dallas, in Denton County. This 107-acre enclave will have 91 acres dedicated to 99 single-family homes, ranging from $1.1 million to $3 million and up. In its center is a 15-acre lake, and commercial development is planned for later phases.

The development is backed by Lelege USA, a corporation focused on real estate development and management in DFW. It is owned and chaired by entrepreneur Long Zhang, who also owns Lelege Group (Beijing Capital Group Investment, Ltd.), a multibillion-dollar corporation headquartered in Beijing. Lelege Group is a diversified investment firm with worldwide branches engaging in real estate, mining, wealth management, high-tech IC foundry, pharmaceuticals, and cultural art collections. It has total assets of over $3 billion under management and nearly $2 billion in services and management.

“There is a lot of Chinese investment money moving in the U.S. and [Zhang] has looked in the hot real estate markets,” said Scott Hogg, Vice President of Investor Advisory Services, Virginia Cook, Realtors. “He found this property in Corinth up on the lake and had a vision of developing something where they could invest in million-dollar residences in the U.S.”

A rendering of floorplan eight in the Long Lake development.

A rendering of residential floorplan eight in the Long Lake development

Phase one is underway, with 11 lots for sale. The two builders currently working on the development are Ron Davis Custom Homes and Bella Vida Custom Homes. The project is slated for completion in early 2018.

“They will break ground on the property as soon as we get the first lot sold,” said Hogg. “We are marketing these homes and we have clients looking at Ron Davis and Bella Vita model homes that can be built in Corinth. Lelege has their own in-house builder, as well, with a group of architects and house renditions, and all of those come from Tsinghua University.”

Houses in the gated community will be offered in three ranges. At the top, with lot prices of $1.02 million and home prices of $3 million and up, the houses will be 9,200 square feet and larger on 3.93-acre lots. In the mid-range, lot prices will be $385,000 with houses priced $1.5 million and up, with 6,500 square feet of interior space on a 0.71-acre lot. The low-end of the range offers $230,000 lots and $1.1 million homes with 5,500 or more square feet sitting on half an acre.

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2224 Lakeridge Front

Yes, that’s right. I said Grapevine. Truthfully, there are tons of fabulous properties out in this Tarrant County suburb. And with incredible schools, proximity to Lake Grapevine, and tons of beautiful views, it’s a shame we don’t feature this wonderful town more.

Today we’re checking out 2224 Lakeridge Drive, a gorgeous property from gorgeous Allie Beth Allman agent Dona Robinson. This home has a traditional feel with some great contemporary updates, including a stucco exterior, fresh paint, imported stone and hardwood floors, as well as a majestically treed lot, giving this wonderful and unique home impressive drive-up appeal. It’s fresh to the market and priced at $997,500.

2224 Lakeridge Den 2224 Lakeridge Living 2

With five bedrooms, five full and two half baths over 6,119 square feet, this home is spacious without being imposing. Sporting three living areas and tons of floor-to-ceiling windows, this home was built for entertaining crowds in a way that adds drama and grace. I love the color palette, too, which has subtle variations of neutrals including a beautiful modern-style fireplace in one of the more formal living areas. There’s also a home theater and sauna, as well as a full-fledged guest suite should you trouble yourself hosting relatives come next holiday season.

2224 Lakeridge Kitchen 2 2224 Lakeridge BreakfastThere’s plenty of rustic appeal, too, which you’ll find in the kitchen and breakfast areas, which sport exposed wood beams and beautiful metal arched chandeliers hanging from the ceiling. The kitchen is immense and well-appointed, too. It has commercial-grade stainless steel appliances tucked inside custom cabinetry and topped with granite and marble. And thanks to the open kitchen floorplan, you can enjoy the view of the pool from the den, the breakfast area, or even from behind the stove.

2224 Lakeridge Master 2224 Lakeridge Study

The master bedroom is a true retreat with an adjacent study that has tons of built-in cabinetry for a work-at-home workaholic. This is just the kind of set-up Candy and I need when we are struck with some late-night inspiration and have to bang out a blog post before we lose that manic bit of creativity. The views are just stunning, too, and an inspiration in themselves.

2224 Lakeridge Master Bath

The master bath has just a huge jetted tub adjacent to an immense multi-head shower. Just really frickin’ huge, folks. I am a little put off by the mirrored surround above the tub. Just feels a little too “skeevy porn star” to me. Easily replaced, and it’d look great with some tile or even some frosted glass.

2224 Lakeridge Backyard and view

Outside you’ll find a huge pool with diving board and a built-in spa, and of course, tons of views and a very private-feeling lot. If you’re wanting to get away from the city but not wanting to sacrifice on luxury, this could be the home for you and your family.

What do you think?