Executives from Kuper Sotheby’s International Realty (KSIR) and Bridget Ramey jointly announced today the exclusive listing for The Legacy of Lake Austin to be offered at $50 million – the most valuable residential offering on record in the Austin Metropolitan Area. The sprawling, almost six-acre architectural masterpiece is billed as a “New Century Modern” by its visionary developer Brett Ames, owner and President/CEO of Ames Design Build. It is timed with real estate experts’ proclamation that Austin is now a global real estate market for super prime trophy properties.
“I am elated to represent The Legacy of Lake Austin and its global listing debut today,” said Bridget Ramey, top-producing Realtor with Kuper Sotheby’s International Realty. “Austin is ready for this property type and price point. We have become a global city on the rise, and we’ve been discovered for world-class lifestyle, relative value, and optimistic real estate trajectory. And so, to those seeking the epitome in lakefront living, we’ve got your address.”
Ramey enjoys a unique perspective with Austin’s burgeoning super prime market segment, representing more than a half billion dollars in active, pending and sold real estate since 2020. Much of that was off-market working with ultra-high-net-worth buyers, and Ramey has sold more $20 million (and higher) properties than any other agent in the area. She recently closed a private sale for another Lake Austin waterfront compound, which was sold just shy of $50 million, establishing new benchmarks for a real estate microclimate along the pristine shoreline of the region’s most sought-after lifestyle. The asking price of $50 million for The Legacy of Lake Austin is currently the top listing in the region, and it is among the top listings in the United States with Sotheby’s International Realty. “We feel privileged to work with Mr. Ames and the team at Ames Design Build to bring this exceptional property to the market,” said J Kuper, President of Kuper Sotheby’s International Realty. “It is clear that the development of the land itself along with the quality of design and construction were areas that he touched directly and the buyer will receive tremendous benefit from.”
The Legacy of Lake Austin is comprised of more than 10,505 square feet of living space within four buildings, spanning across 5.85 acres with 212-feet of shoreline. Recently completed by the renowned real estate developer Brett Ames, as his family compound, the property offering includes the adjacent lot with plans and permits for an additional 8,554 square foot residence to complete the vision in what could become Austin’s first $100 million property. The design-build accomplishment thus far has many unique features, including a structure with 80,000-pounds of steel for its “floating roof system”; a multiple seven-figure budget for the door and window package; a zero-edge infinity pool; and for first impressions, a custom entry pivot door that is 10-feet by 10-feet to which Ames says is one of the largest residential glass doors in the world. He proudly claims it as “one of the many engineering marvels achieved” after personally researching every manufacturing possibility in the world.
“I refer to this as New Century Modern, which is my newer-day take on the stylistic acumen from the beloved mid-century modern aesthetic such as form follows function, more minimalist accoutrement, and a focus on flow between interior and exterior living spaces,” adds Ames. “However, we didn’t want to compromise on the form itself, so we conceived an architectural framework that is as beautiful as the lifestyle it provides – all perfectly balanced in nature, and gracefully sited along the shoreline of Lake Austin. It has been a labor of love and my living work of art. The Legacy of Lake Austin is simply majestic.”
Ames and Ramey were very intentional about the timing of the listing – they share a view that the US housing market is experiencing an inflection point, and that Austin itself will continue to stand out as one of the strongest real estate economies in North America. Simply stated, this Lake Austin acreage and frontage does not exist elsewhere, and even if it did, offering this move-in ready property now, Ames believes his buyer is saving 5-6 years of curating the work effort considering the time it takes to identify suitable land (if that’s available), working through the complex entitlement processes, and resolving challenging design-build requirements through a protracted construction.
“Ultimately, my client decided to let go of this next round of construction effort to allow its new steward to complete their own legacy with this matchless family compound,” concludes Ramey. “I’m confident The Legacy of Lake Austin will attract a discerning homebuyer who appreciates the fact this masterpiece is ready for occupancy but has room to expand on location. I’m proud to affirm that Austin has arrived, and this price point is very much in demand. I think, perhaps, that the buyer of this estate may not have previously considered Austin as a home base, not realizing something of this grandiosity existed.”
For more information, visit www.LegacyofLakeAustin.com.
