Approximately seven miles west of downtown Austin, there is a stretch of land no bigger than 3.1 square miles. You could drive past it in a matter of moments, but if you do you'll miss one of Texas' greatest treasures. You'll miss Lost Creek.
History
Lost Creek is not a town but a census-designated place with fewer than 5,000 people. It was established in1972 when developers first realized the land's potential. They got permission from Austin and state officials, and started building. By 1976, fifty homes were built and the Lost Creek Neighborhood Association was formed. The first meetings were held in the living and dining rooms of residents' homes. However, with time the association and area grew, adding people, homes and community feeling. In the early 80s, the neighborhood association designed and built the state park, eventually including a gazebo, playground and wrought iron fence.
Today Lost Creek has 1,562 households with 1,379 families. It is a place that continues to grow and thrive, making its small size seem temporary.
Economy
It's hard to fit a multitude of employment opportunities in so few miles; therefore, much of Lost Creek's economy comes from the outside. Its residents commute the few miles to downtown Austin, relying on the city's thriving business for income and financial security. Fortunately, the metropolis is booming. Technology and defense are the primary industries, but the University of Texas, Austin and numerous other organizations help keep the economy growing, as well.
Real Estate
The small-town feel of Lost Creek coupled with the beautiful homes and surrounding landscape (the area itself is framed by stone walls) keeps homebuyers coming and hoping for a sale. There are numerous neighborhoods, each with their own take on luxury housing. Some are condominiums; some are estate homes; and some are in between. Whatever you choose, you'll find something well worth the price, which can fall anywhere between 250,000 and several million dollars.
As a bonus, it's likely you'll find yourself delightfully situated near such attractions as an 18-hole golf course and the banks of Barton Creek. In and of themselves, they make any price on any home a deal.
Attractions
The greatest attraction of Lost Creek is the city it borders. Austin is bursting with things to do, see and experience. If you like history, you can visit the Texas Memorial Museum or the Bob Bullock Texas State History Museum. Sixth Street, home to numerous festivals throughout the year, will keep the music lover in you satisfied, and the zoo, pool and dozens of state parks will tucker out the kids so when you return home, to Lost Creek, they fall right into bed, and you realize what you have found.
You have found a community that though small and easily missed by the uninformed, is beautiful in its values, landscape, architecture and size. It is the close-knit town you have been looking for. It is the sign that you are no longer lost, but found.
Joe Cline is a professional real estate broker, investor, and REALTOR with RE/MAX Capital City Austin, Texas.
Find out more about Austin Texas real estate and new homes in lakeway Texas.
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