Austin Neighborhood Spotlight: St. Elmo

By
Real Estate Agent with E*Rae Realty 651873
https://activerain.com/droplet/5f6w
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​Approximately five miles south of downtown Austin is an area locals are now referring to as St. Elmo.  This area which has previously been referred to as East Congress encompasses the subdivisions of Greenwood Hills, Battle Bend and Colonial Trails.  In recent years, Austinites have begun referring to this area as St. Elmo.  The Yard at St. Elmo opened a few years ago- transforming a previously industrial space into a mixed use site with a variety of amenities including restaurants, a co-working space, and a fitness studio, as well as a distillery and brewery.
 
Additionally, the St. Elmo Public Market will open next year.  The mixed use space will feature offices and retail as well as a large open indoor/outdoor market similar to the Chelsea Market in New York City. 
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With the commercial growth in this area, you would expect pricey homes.  However, homes in the St. Elmo neighborhood are still relatively affordable.  In the past year, homes in this area sold for approximately $315K on average.  On average, these homes were 1,311 square feet, featuring 3 bedrooms and 2 baths, and were built in 1975. 
 
Considering that the median price for a single family home in the City of Austin was right around $350K last month, the St. Elmo neighborhood is still relatively affordable.  Many of these homes may need a bit of a face lift to bring them up to current design standards, but they also offer a great investment opportunity. 
 
Developers of the Market at St. Elmo envision the space as becoming a must visit hot spot for locals and tourists alike.  If the St. Elmo district explodes as expected, home prices will surely rise. Thinking about purchasing a home in Austin’s St. Elmo neighborhood?  Click here to take a look at all St.Elmo homes currently for sale. ​
This post originally appeared on shesellsaustin.com
Posted by
Erika Rae Albert 
Broker, Realtor®, GRI
 
 
108 Wild Basin Road South Suite 250
Austin, TX 78746
t: 512-779-7597
e: erika@shesellsaustin.com
 
www.shesellsaustin.com Facebook icon   LinkedIn icon   Twitter icon   Instagram icon
 

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Rainmaker
593,318
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Thanks for introducing us to the area now known at St. Elmo. It's a really cool name.

Aug 31, 2018 11:20 AM #1
Rainmaker
1,062,598
Gloria Todor
Weichert Realtors - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Erika, St. Elmo sounds like a wonderful place to live.  The Yard at St Elmo really did the trick!  All the best.

Sep 03, 2018 05:43 PM #2
Anonymous
Jeffrey

How do you find homes/condos available for sale in this development?

Dec 04, 2019 10:05 AM #3
Rainmaker
177,703
Erika Rae Albert, Austin Real Estate Expert
E*Rae Realty - Austin, TX
Exceeding Expectations in Every Transaction

Hi Jeffrey,

 

That's a great question!  Construction appears to be way behind schedule for the St. Elmo Public Market.  That being said, there are condos at the adjacent Public Lofts for sale, and if you go to stelmomarket.com you can find more information about commercial leases.

Dec 04, 2019 12:06 PM #4
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