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Let's Build a Luxury Home

2,071 Views | 14 Replies | Last: 28 days ago by Red Pear Realty
Red Pear Realty
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I think some of y'all followed my flip thread in Timbergrove, so I thought it would be fun to document something a bit bigger this go around. Here we go!

The plan is to build a ~4,900 SF home in Garden Oaks (about 1/2 of a mile from where I live in Oak Forest) and sell it next summer. Address is 959 Althea Dr, Houston, Texas 77018. We currently have the old 1930s built home sitting on the lot waiting for Centerpoint to remove the gas lines so we can demo (they've been a bit slow...) We've submitted for "pre-permits" (WCR, PX, impact fees, etc.) and plans are with our engineers for them to do their thing, then off to the City of Houston. This was another syndication deal where investors pooled money with me to build this home all cash / no debt. Had some returning investors as well as some new faces join this one, and we are expecting about a 25% IRR with a one year turn around (more if we can build and seller faster). I'll update here from time to time when I have something worth updating!

Things I'm really excited about on this home:

  • Integrating the back patio with the kitchen with an awning window and passthrough countertop
  • Prep kitchen that is about the same size as my current kitchen ha!
  • Laundry rooms on first and second floors
  • Media room (hopefully a good Ag buys this and makes this an Aggie Football room!)
  • Dual studies or a study and a fitness room
  • Garage large enough to park two Texas sized vehicles
  • MASSIVE master closet

Cheers,

Jamie

Front Elevation


Site Plan



First Floor



Second Floor



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Heineken-Ashi
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Can I drop by and photobomb?
Red Pear Realty
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AG
Yes but I'm going to put you to work if you do. No free lunches around here!
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Heineken-Ashi
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Red Pear Realty said:

Yes but I'm going to put you to work if you do. No free lunches around here!
I'm phenomenal at delegating.
Red Pear Realty
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Heineken-Ashi said:

Red Pear Realty said:

Yes but I'm going to put you to work if you do. No free lunches around here!
I'm phenomenal at delegating.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
MAS444
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AG
Looks awesome - thanks for sharing. Keep us updated! And I'll probably be doing drive bys too.
aggiebrad16
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AG
In for the ride and a future part of a syndication if I could be so lucky!
MS08
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AG
Following. Anticipated sales price/sqft ?
Red Pear Realty
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Shoot me a PM or text (contact info in my profile) and I'll put you on the next investor list. I do give first pass to existing investors but love the opportunity to bring in new folks too.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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Hopefully north of $365 psf
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
MS08
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AG
It seems that $400/SF could be in range.

Excited to see how it comes together!
12thAngryMan
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AG
It was cool to follow along with the last one, and I'm even more excited to watch this one! Here's to realizing $400/SF
ChoppinDs40
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AG
Taking suggestions on design / floor plan changes?

Unsolicited suggestion. Nix the 2nd fridge and go with a large built in and add a built in hutch on that cabinet wall. Something that looks custom. With lights and glass for display.

In the prep kitchen, add a full size sink and dishwasher. You want to prep and have the messiness gone too. I would suggest a smaller fridge there also. You've got room. If you want it to prep, then go all out.

Suggest some cabinetry in the living around fireplace.

Upstairs, Lowe right bedroom, swap closet and bathroom location to make it en-suite. Closet accessed via bathroom. Can use pocket door.

Upstairs rooms are big, suggest adding seating nook for storage and custom feel.

For workout room, consider reinforced flooring for weight.

Kitchen - with that much counter and cabinet space, do you want the island cluttered with a sink and dishwasher or keep them on the exterior row of cabinets. We have a huge island with a farmhouse sink and while I love it when it's clean, it leads to stuff getting stored on it all the time. Easier to look clean and tidy if that stuff is up against cabinet walls and island is free of clutter, especially if intended to use as a dining space.

Remove doors from game room. Remove windows from media room.
Red Pear Realty
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12thAngryMan said:

It was cool to follow along with the last one, and I'm even more excited to watch this one! Here's to realizing $400/SF


Let's go!!!!
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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Really great feedback. Some of these are already in the works. I'm on vacation but will reply to each individually when I get back in front of a computer. Definitely welcome the feedback. Thank you.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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