Lake Travis is certainly drawing attention of the home buyers of late as the area has so much to offer. Now it is going to add another feather to its cap in the form of Montechino Clean Board manufacturers project, which is taking place on Lake Travis. The construction work has already started, this project is going to add more luxury homes to the Lake Travis real estate inventory. Upon completion, it is bound to be the biggest draw in the real estate market and would encourage more buyers to search for Lake Travis Homes for Sale.This project is going to create a new luxury community in Lago Vista and it plans to add more than 300 homes here. The project is not only ambitious but it is quite expensive as well and is worth $350 million. The project plans to give the place a complete makeover by not only adding homes, but also a hotel along with a beautiful lake. The project planners are taking advantage of the beautiful nature surrounding the area which draw people here.The demand for luxury homes is quite high not only in this area but all over Texas. Post recession phase has seen a surge in the demand for luxury home sales, people are willing to pay big amount of money for such homes and in most cases the sellers are getting the amount they are demanding. But the real estate inventory is not ready to handle the increasing demand. So, house development projects are being launched to meet the demand.This project is about to add scores of luxury homes here, but there is going to be diversity. There will be single-family homes as well as estate homes, but to satisfy different tastes, the planners have also made room for garden homes along with waterfront condominiums. The single family home price is starting from $450,000 and it might go upto $700,000. The price range of estate homes is $1.2 million to $5 million. The proposed hotel is going to be a 96-room campus style hotel which is expected to become a popular venue for wedding as well as parties.All in all the Montechino project looks quite promising and with more projects like this the Lake Travis real estate market could flourish soon.
