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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Texas lake house

There’s nothing quite like a Texas lake house. This one, at 1901 Park St. in Azle, is located close to Fort Worth. Photo: Briggs Freeman Sotheby’s International Realty

Lakeshore living is at its finest in the Lone Star State, where these five lake house will surprise you with their views, amenities, and luxury. Take a look at a couple of our favorites places for relaxing this summer, thanks to Briggs Freeman Sotheby’s International Realty.

Read all about them over at SecondShelters.com!

 

old town 2

Old Town Lewisville. Photo courtesy of the city of Lewisville

When you think of hip, fun destinations to live, work, and play in the Dallas-Fort Worth area, the city of Lewisville is not usually at the top of the list.

But city leaders in this northern suburb of almost 100,000 residents are changing that as redevelopment moves into full swing in the Old Town area. New houses, townhomes, restaurants, and retail shops are all in the works as developers and entrepreneurs take note of the changing atmosphere.

“Everybody has been hyper-focused on Collin County, but these changes in Lewisville will give people another option,” said David Maez, Broker and Co-Owner at VIVO Realty, which represents the developer Belleville Village, the builders of Uptown Village Lewisville townhomes near East Main Street and East Mill Street in Old Town. “It’s close to Lewisville Lake, close to the airport, close to I-35, which makes it easy to get to Dallas. These changes will make that area more appealing for buyers, especially younger professionals.”  (more…)

001_Building ExteriorThe city of Lewisville is spending millions of dollars to revitalize its historic downtown area, and developers are flocking to the northern suburb. Today’s Tuesday Two Hundred takes us to the Belleville Village development near East Main Street and East Mill Street, to a new townhome at 313 S. Kealy Street.

Listed for $209,000, this three bedroom, three-and-a-half bath, two-story townhome is 1,827 square feet, one of six like it coming on the market in Uptown Village Lewisville. The brick exterior mirrors the look and feel of downtown Lewisville, and the aesthetic is a historic, urban look.

“This is going to be a walkable area, like Shops at Legacy or in Coppell,” said David Maez, Broker and Co-Owner at VIVO Realty, which represents the developer. “Our company really wanted to showcase the lifestyle that this development and downtown Lewisville will offer.”

002_Corner Entrance

The revitalization of downtown Lewisville is currently underway and will feature new restaurants, shopping, public space, and mass transit. Uptown Village Lewisville is part of the transformation. We’ll take a look later this week at the exciting changes happening in both downtown Lewisville and at Lewisville Lake. Jump to read more about this property! (more…)

Let’s say you’re tired of the hustle and bustle of city life and you want your own spot in the country to relax, raise a few kids, all while conveniently close to Lake Lewisville. Oh, and you want a waterfall in your backyard.

You are in luck.

This six bedroom, five-and-a-half bath stunner in Aubrey has plenty of room for a family (and then some!) with a craft room, a gigantic kitchen, and a huge patio all on more than an acre. It’s inside Stone Mountain Estates, a gated community where your nearest neighbor isn’t too close for comfort.

I know someone is going to ask: The HOA fees are $600 a month year. Considering the price tag on 5475 Summit Trace, a 5,283-square-foot home, let’s just say that if you need to eat balogna sandwiches and ramen noodles to afford the HOA fees mortgage, then this house isn’t for you.

I’ll tell you who this house could be for — Pilar Sanders. Why? Excellent schools in Aubrey ISD, a huge lot inside a gated community, a waterfall because she’ll need somewhere to meditate, and there’s a second floor bed/bath suite, which will be perfect for house guests. I wonder if Ebby agent Laura Brewer, who is marketing this home, has heard from our gal …

Now, this English traditional has a few things I am in love with that Pilar might not like so much, such as the copper soaking tub. These are so rare, but so awesome!

Also fantastic: The craft room. I’ve always wanted my own place to get creative. This would be equally cool as an art studio.

Something this size with all of these luxury touches, such as high-end Miele kitchen appliances and gorgeous wood floors, would go for $5 million and upwards inside Dallas County. In Denton County, though, it’ll set you back a cool $1,297,897.