“After only seven years of construction this is an enormous milestone to be releasing the final phase of our community. The next 2 years are highly focused on Market Street and Town Center, adding retail, shopping and dining."
(PRWEB) August 07, 2014
The best is yet to come at Cinnamon Shore, a luxury beachfront master-planned community on Mustang Island in Port Aransas, TX. The community is releasing their final 50 home sites out of 200 in their grand finale phase - 10 of which are already committed.
“After only seven years of construction, this is an enormous milestone to be releasing the final phase of our community. The next 2 years are highly focused on Market Street and Town Center, adding retail, shopping and dining. We’re also very excited to introduce Town Home Residences this summer, bridging the price gap between condominiums and single-family homes,” says Lee Ann Peters, the Sales Director at Cinnamon Shore.
Market Street will be lined with shopping and restaurants; an Asian and French bistro, a general store complete with a deli, a day spa, and other destination shopping.
Seaside Café, opening Fall 2014, is an indoor/outdoor café with a full bar and barista located at Kiera’s pool, serving breakfast lattes, omelets, lunch and dinner for families. The C-Bar, located at The Dune Park Pool, open 7 days a week from 11am-7pm, has a full liquor license and serves Chicken Caesar salads, mahi sandwiches, bison burgers and pirate punch. They will provide “beach baskets” for families who want to take a delicious meal to the beach!
Cinnamon Shore is a premier master planned community on the Texas Coast,” said Peters. “It is less than a 4 hour drive for families from Houston, Austin and San Antonio and less than seven hours from Dallas Ft Worth. Families do not have the expense of flying and now no longer have to drive 14 hours to Florida to stay in a community like Seaside. We are the Seaside of Texas!”
Since breaking ground in 2007, prices for lots, condominiums, and single-family homes have seen a steady increase. Sales of new second home properties at Cinnamon Shore rose by more than 75 percent in 2012 over the previous year.
The icing on the cake for some buyers is the potential for rental revenue at Cinnamon Shore. The 2013 numbers support a 10-12% gross return for those that chose to put their home in the Cinnamon Shore rental pool. This number is based on what the owners paid for their property. For instance, a family that paid $799,900 grossed $96k in 2013. With the property management fee being 25% of the gross number, the owners netted $72,000.
Currently, the Texas cities of San Antonio, Houston, Austin and Dallas have consistently ranked in the top 5 or 10 of cities in the US, leading the way in real estate sales. With the booming Texas economy, it is a prime time for buyers to consider a second home, and especially an income producing property.
“It’s not all about the money as our owners for the most part made this investment in their family, providing a gathering place for years to come, ” adds Peters.