Benjamin Franklin said “Out of Adversity comes Opportunity” and rarely has that been more true than in the aftermath of Hurricane Harvey.
The historic hurricane that hit the Texas Coast last August left many coastal communities reeling. Residents and businesses were left with extensive repairs to make and many hotels and multi-family properties are months, if not years from full recovery.
McCombs Properties, one of the area’s leading developers, has several large master-planned communities in Rockport and Port Aransas, both of which took a direct hit from the category 4 hurricane. However, as a result of the most up-to-date building practices, and superior planning, the communities of The Reserve at St. Charles Bay in Rockport and Palmilla Beach Resort and Golf Community in Port Aransas were minimally impacted.
McCombs Properties’ belief that these communities and the region as a whole will remain a top-tier leisure destination and will see continued growth in tourism, is evidenced by the commitment to fast track new product offerings.
As part of this initiative, The Reserve at St. Charles Bay in Rockport is introducing a new-phase of waterfront cottages, creating 36 home sites and $30 million in finished property value. At Palmilla Beach in Port Aransas, McCombs Properties will construct 70 new beachfront home sites, a new condo building and $75 million in finished property value.
Port Aransas, which has historically been one of the hottest rental markets in Texas is experiencing unprecedented demand considering the all-time low availability of vacation rental inventory. It’s one of the reasons that the opportunity to own a vacation property in Palmilla Beach has never been more lucrative.
According to Turnkey Vacation Rentals, a leading vacation rental and management company, recent rental income projections have reached up to $150,000 per year for beach homes in the Palmilla Beach Resort community. Making the investment even more attractive are the marketing and management services offered by Turnkey. Owners have all details of property management and rentals handled by a team of professionals, for a commission that is lowest in the industry.
To meet the growing demand for inventory, McCombs Properties has broadened their product offering at Palmilla Beach to include condominiums, attached townhomes, detached cottages, as well as custom homes. Every home is designed to cater to family friendly gatherings with large, spacious floorplans, specially designed bunk rooms for maximum occupancy and numerous outdoor spaces to fully enjoy the coastal lifestyle.
Recent rental income projections have reached up to $150,000 per year for beach homes in the Palmilla Beach Resort community.
For those desiring to build a custom home from the ground up, there are a variety of custom homesites to choose from- many with ocean or golf course views. All properties enjoy easy access to the Beach and Palmilla’s world-class amenities which include a large resort-style pool, Texas’ only links-style golf course, the coastal cuisine of The Black Marlin Bar and Grille and Palmilla’s private beach experience.
Just north of Port Aransas, in Rockport, McCombs Properties is developing a second master-planned community, The Reserve at St. Charles Bay. This 100% waterfront community is a fishing and birding paradise. Nestled among 161 acres and adjacent to Goose Island State Park, The Reserve offers a truly unparalleled waterfront living experience.
The area attracts fishermen and birding enthusiasts from afar, due to the abundant wildlife that calls Rockport home. During the summer and fall months, fishermen kayak along the bay’s north shoreline to catch tailing redfish and speckled trout.
When the water is clear, and the light Gulf breeze is just right, residents head to the bay’s eastern shoreline where they are surrounded by the famous Aransas Wildlife Refuge with light sand bottoms ideal for wade fishing and site casting. For the fly-fishing enthusiast, combing the endless miles of shallow flats and oyster reefs will reap glimmering redfish and trout.
The Reserve features extra-wide lagoon-style canals, panoramic views of the water and a mile-long lighted boardwalk dotted with coastal cottages. Home offerings include cottages, villas and custom homesites. The waterfront villas, priced from the $500s, boast high ceilings, designer touches throughout, as well as signature energy efficiency. Each villa comes with a dedicated boat slip and all have views of either St. Charles Bay or the wide canals.
Designed specifically for backyard canal living, the coastal cottages are spacious open-concept homes with expansive windows overlooking the water. Architectural features include large porches, strategically located mudrooms, optional outdoor showers and wonderful backyards equipped with 400 square foot deck and boat dock. Both one and two-story floorplans are available.
Whether desiring a lock-and-leave second home, a coastal retirement retreat or an investment property that promises lucrative rental income, look no further than the communities of Palmilla Beach in Port Aransas, or The Reserve at St. Charles Bay in Rockport. Beachside or Bayside—the coastal lifestyle awaits!
To learn more about new property opportunities, visit palmillabeach.com.