Hey friends!
I'm excited to share some fantastic news for anyone considering a new home in southern Fort Bend County. The new Esperanza community, spanning a generous 442 acres near Needville, is gearing up for an exciting start. All the lots have been sold to top-notch homebuilders, and we might see the first few residents moving in within the next six months!
Last November, Windy Hill Development finalized a significant deal by selling 336 acres to Lennar Homes, following an earlier sale of 108 acres to Rausch Coleman Homes in August 2022. With these sales, the savvy developers Randy and Rachael Hall from League City have passed the baton to these builders to develop the homes, streets, and all the community amenities. Rausch Coleman is still dotting the i's and crossing the t's on their park plans, which will likely include playgrounds, walking trails, park benches, and a lovely pavilion.
Once farmland collected from various families with histories dating back to the Texas Revolution, this land is beautifully situated directly east of State Highway 36 between FM 361 and Oberrender Road, about 7 miles south of downtown Rosenberg. Those with school-age kids will be pleased to know Esperanza falls under the Needville Independent School District. Plus, it's outside any city's extra-territorial jurisdiction, thanks to the original selling families who helped secure the necessary entitlements from the county and established a municipal utility district for the community.
Initially, there was some hesitation due to rising interest rates, causing Lennar to temporarily back out of its initial contract early in 2023. But as the market began to look up, they jumped back in by the summer of 2023. Rausch Coleman has already started developing about 440 homesites, and Lennar is expected to start its work on a whopping 1,260 lots in the next couple of months.
Randy Hall estimates that nearly 500 lots will be developed this year alone, with a consistent development pace expected over the next three to five years, depending on how the market fares and how quickly homes are snapped up. These homes will vary, with front widths from 45 to 65 feet and sizes ranging from 1,400 to 3,000 square feet, all priced from the $300,000s to the $450,000s.
Originally, Windy Hill planned to develop these lots after buying the land through Connor Investment Real Estate. However, they changed course when Rausch and Lennar offered to buy the project once it was fully entitled. This strategy meant the builders could buy the land wholesale, much cheaper than the retail price for developed lots.
And the excitement doesn't stop with Esperanza; Windy Hill has several other projects in the pipeline, including the 442-acre Freedom Trail near Dayton and the 138-acre Indian Springs near Lake Houston, along with other developments across Greater Houston.
The development buzz isn’t just about Esperanza; southern Fort Bend County is becoming a hotspot. Starwood Land’s 933-acre Emberly project to The Signorelli Co.’s massive 4,700-acre Austin Point and Johnson Development Corp.’s future community on the historic George Ranch is happening here!
Randy Hall predicts, “Needville will be the next Katy in 20 years.” With such a rapid pace of growth, small communities like Pleak, Fairchilds, and Needville are definitely places to watch if you're thinking about moving or investing in real estate.
Thank You!
I hope you found this blog post super helpful. When you are ready to find the perfect home in the perfect neighborhood, I look forward to being here for you. My contact information is below, or you can use this link to schedule a call with me. Hugs, Jo.
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Schedule a call at https://byjoandco.com/call or email me at [email protected].
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Thoughtfully written for you. Hugs, Jo.
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If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed…
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by clicking this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious about what to look at next! Thank you for trusting us.
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