Austin TX Neighborhood: Davenport Ranch

                                                                                         

Davenport Ranch is an exclusive, upscale community, located in the Austin metro area. This beautiful neighborhood features several developments in various price ranges. It was developed with beauty and convenience in mind, and that standard has remained in place throughout its existence. Residents of Davenport Ranch have the comfort and luxury of suburban living and a location that makes city life accessible.

History

Development at Davenport Ranch began in the early 1980s. The original purpose of the community was to offer an upscale community with astounding views of the city to the more affluent citizens of the Austin area. Growth in both Davenport Ranch and the city of Austin has brought the convenience of the city even closer to the community. Every year since construction in the area began, the community has gotten larger and more diverse, while continuing to uphold the standards on which Davenport Ranch was created.

Economy/Jobs

The economy in the Austin area is in a considerably better state than most parts of the United States. In May of 2008, Forbes Magazine ranked Austin as the third most Recession-proof city in the nation. The magazine also ranked it as one of the fastest growing metropolitan areas in their January 2008 edition. The area has attracted many major employers, particularly in the software development and computer manufacturing fields. Area unemployment rates are drastically lower than most areas of the United States, with an April 2008 unemployment rate of only 3.4%. Continued growth in the area looks to keep the economy and job markets stable, even as the nation is teetering on the brink of a recession.

Real Estate

The Davenport Ranch community offers a range of more upscale real estate selections for its residents. There are single-family homes, spacious apartment complexes, and luxury homes available. Prices in the area start at around $300,000 and can go into the four million dollar range. There are previously owned homes in the area, which are available, and also a wide selection of newly built homes. As it is a newer community, even the older homes are a bit more updated than in many areas. In the second half of 2007, the median selling price of listed homes within the Davenport Ranch developments was $700,000, though there are many homes and apartments within a more affordable price scale. The wide variety of home pricing makes Davenport Ranch an obtainable goal for home buyers.

Attractions

Many are attracted to Davenport Ranch not only for the beautiful homes, but also for the educational, entertainment, and cultural opportunities if the neighborhood. Families residing in the community can take advantage of the Eanes independent school district, which has been rated as one of the top school systems in Texas. The community is adjacent to Lake Austin, offering wonderful water sports activities. There is also a beautiful wilderness preserve nearby for those who enjoy spending time outdoors. The heart of the city of Austin is just minutes away, allowing easy access to the shopping, dining, and cultural offerings of the city.

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About the Author:
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