Market Overview

THE PENINSULA AT ROUGH HOLLOW HOSTS RECORD BREAKING HOMEBUILDERS ASSOCIATION OF GREATER AUSTIN SPRING 2017 PARADE OF HOMES™ TOUR

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Austin, Texas, June 14, 2017 (GLOBE NEWSWIRE) -- Austin-based Legend Communities and Crescent Communities, co-developers of the award-winning master-planned Lakeway community Rough Hollow, today announced that their most exclusive neighborhood, The Peninsula at Rough Hollow, home to The Spring 2017 Home Builders Association (HBA) of Greater Austin Parade of Homes™ Tour, had a record tour with over 9,000 attendees.

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"We are thrilled with the success of this year's Parade of Homes™ and are excited for the continued momentum to sell out these incredible custom homes and homesites," said Haythem Dawlett, Founder and Principal of Legend Communities. "This was our third and final time to host the HBA tour and our most successful to date."

In addition to the record attendance, Rough Hollow posted its most successful month of May with 25 total sales – 21 semi-custom homes and four custom homes, as compared to 18 total sales; 16 semi-custom and two custom homesites in 2016.   

The Peninsula at Rough Hollow features five custom built homes by award-winning builders specifically chosen for the Parade—Arbogast Custom Homes, Jenkins Design + Build, Lake Travis Builders, Laurel Haven Homes and Triton Custom Homes Inc. Currently two of the homes showcased on the tour have sold.

The Spring 2017 Homes Builders Association Parade of Homes ™ featured the newest trends in construction, building design, interior décor and landscaping in one of the nation's most vibrant real estate communities.  Additionally, The Peninsula at Rough Hollow homebuilders and designers received the following awards from Emily Lubbers Blair, President of the HBA of Greater Austin—Innovative Design- Jenkins, Main Entry- Triton, Kitchen- Lake Travis, Interior Design- Arbogast, Unique Feature- Laurel Haven, Interior Ceiling Treatment- Jenkins, Master Suite & Bathroom- Laurel Haven, Architectural Design- Triton, Outdoor Living- Triton, Front Elevation- Arbogast and Triton, Use of Landscape- Triton, Study, Laurel Haven Game Room- Laurel Haven, Media Room- Triton, Family Room- Jenkins, Pool-Triton, Floor Plan-Triton, Fire Place- Triton, Garage- Laurel Haven, Stair Case-Triton, Lighting- Arbogast, Cabinetry- Triton and Flooring-Triton.

The Peninsula at Rough Hollow, located above Lake Travis, offers an extraordinary private and intimate lake experience unparalleled to any other community.  Naturally secluded, this exclusive neighborhood with heightened privacy offers a limited number of estate-sized homesites.  Priced from the $300s to $1million-plus, and luxury custom homes starting at $1.65M, The Peninsula is approaching 50% sold out making now the time to buy. 

Rough Hollow is an 1,800-acre resort-style lakefront master-planned community with breathtaking hilltop views of Lake Travis and world-class amenities located just 25 minutes from downtown Austin and 35 minutes from Austin-Bergstrom International Airport.

"Austin is one of the fastest growing cities in America, and we are incredibly excited to be able to provide luxury homes for both current and future residents alike," said Dawlett. "The homes at The Peninsula at Rough Hollow are one of a kind with spectacular waterfront views, and we are excited to see the continued success for this exclusive community." 

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About Legend Communities Inc.

Headquartered in Austin, Texas, Legend Communities is a full-service developer of single-family residential, multi-family residential, active adult communities and associated commercial projects in Central Texas, California and Colorado. Legend Communities and its affiliate company in California have earned recognition for their projects from a number of highly regarded local and national industry associations, including the U.S. Department of Housing and Urban Development (HUD), the Urban Land Institute (ULI), the National Association of Home Builders, and the City of Austin Green Builder Program. The company emphasizes giving back to the communities in which it operates through business, civic and charitable contributions. For more information about Legend Communities, please visit LegendCommunitiesinc.com.

About Crescent Communities LLC

Crescent Communities is a leading real estate investment and operating firm driven to create long-term value by developing thoughtful, sustainable communities that improve people's lives. Founded in 1963, Crescent's original mandate as a land management company continues to inform its commitment to the wise stewardship of natural resources. The company finances, plans and develops properties in the Sunbelt and Mid-Atlantic markets that will represent more than 50 percent of the U.S. population growth over the next decade. Its multi-product platform includes residential, multi-family, mixed-used, commercial and land assets, valued in total at $1.2 billion. Crescent's robust capital deployment, seasoned leadership team, and transformative model of sustainability enable the company to maximize opportunity in a recovering real estate market. Please visit https://www.crescentcommunities.com/.

About the Home Builders Association of Greater Austin

Since 1953, the Home Builders Association (HBA) of Greater Austin has served as the leading not-for-profit trade organization dedicated to residential construction and remodeling in Central Texas. With approximately 750 member firms, the HBA works with government, public, business and community organizations in six counties—Bastrop, Caldwell, Hays, Lee, Travis and Williamson—to protect every family's right to home ownership.

About Legacy International Resort Properties

Legacy is an international real estate sales, marketing, and brokerage firm that provides expertise for master planned communities around the world. The company works to maximize the return on investment to the developer through strategic management of the sales and marketing process, including bulk parcel sales, inventory unit management and memberships. Over the years, Legacy has partnered with development teams in the Continental United States, Mexico, Bahamas, Costa Rica, Panama and the Dominican Republic, generating annual sales revenues totaling in excess of $1 billion. By leveraging the combined experience of their team members and extensive network of industry partners, Legacy is able to build client success at every level of development. For more information about Legacy International Resort Properties, visit www.LegacyIRP.com.

 

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1c19eb60-bd15-4fc2-a18c-6d044b3d4106

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dadbb0da-2c7f-4d04-96ab-2672f6d50313

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b537f88d-8dc1-44f9-92a9-91d5d6b10c17

Lesley Ford
The Peninsula at Rough Hollow
5123635160
lesley@theprboutique.com

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