Meritage Homes Announce Exclusive 15-Home Site Community in the Heart of Austin's South Lamar Neighborhood

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Solavera offers limited single family homes in ideal infill location in the “04”, initial home sites to be released October 25

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Solavera will fill a residential void, offering the most private new homes in the 78704 zip code for those who want the space and seclusion that a condo cannot offer, but who also want the luxury of being in the heart of the city.

Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announced today that it will develop an exclusive residential home community, Solavera, in the heart of Austin, Texas, consisting of only 15 single family homes in the desirable 78704 zip code. The initial phase of home sites will be released for purchase later this month.

Located at 2807 Del Curto Road, Solavera will offer the most private new home community in the South Lamar area. Residents will enjoy their own two-car garage, private yard, and the luxury of not sharing a wall with neighbors. Uniquely, more than half of the homes will come standard with solar systems.

Each of the 15 homes will boast contemporary exteriors and 10-foot ceilings on the first floor, with spacious floor plan options ranging from 1,814 to 2,866 square feet. The community offers mature landscaping, a nearby park, and the convenience of being near the popular south Austin restaurants and entertainment. All Meritage Homes come standard with energy efficient features such as spray-foam insulation, ENERGY STAR® appliances, CFL lighting, low-E3 vinyl windows, water-saving faucets and other high performance fixtures, PEX plumbing, low VOC paints and finishes and minimum SEER 14 HVAC.

“We are thrilled to introduce this luxury, infill community in the great city of Austin,” said Meritage Homes Austin Division President Charlie Coleman. “Solavera will fill a residential void, offering the most private new homes in the 78704 zip code for those who want the space and seclusion that a condo cannot offer, but who also want the luxury of being in the heart of the city. We anticipate selling out quickly as our interest list is already far exceeding our initial expectations.”

Solavera will be released for sale in phases, with the first phase of three home sites becoming available to buyers on October 25. Currently, Meritage Homes has an interest list of more than 200 buyers for the new community. Pricing is still being determined, but pre-qualification will be required for interested buyers. Additional home features will be unveiled at a VIP unveiling event on October 16. For more information or to join the interest list, please contact 877-275-6374.

About Meritage Homes Corporation

Meritage Homes is the ninth-largest public homebuilder in the United States, based on homes closed in 2013. Meritage builds and sells single-family homes for first-time, move-up, luxury and active adult buyers across the Western, Southern and Southeastern United States. As of March 31, 2014, the company had 189 actively selling communities in markets including Sacramento, San Francisco's East Bay, the Central Valley and Orange County, California; Houston, Dallas-Ft. Worth, Austin and San Antonio, Texas; Phoenix/Scottsdale, Green Valley and Tucson, Arizona; Denver and Fort Collins, Colorado; Orlando and Tampa, Florida; Raleigh and Charlotte, North Carolina; York County, South Carolina and Nashville, Tennessee.

Meritage has designed and built more than 80,000 homes in its 28-year history, and has a reputation for its distinctive style, quality construction, and positive customer experience. Meritage is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency's ENERGY STAR Partner of the Year for Sustained Excellence Award in 2013 and 2014, for innovation and industry leadership in energy efficient homebuilding. Meritage was the first national homebuilder to be 100 percent ENERGY STAR qualified in every home it builds, and far exceeds ENERGY STAR standards today.

For more information, visit meritagehomes.com.

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Melissa DiGianfilippo
Serendipit Consulting
since: 04/2010
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