Housing Demand is on Hearth East of Dallas

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Housing Demand is on Fire East of Dallas

ROYSE CITY, TX – Developer Huffines communities recently purchased an additional 120 acres for more than 400 new homes that will form the fourth phase in their master-planned Waterscape community. Waterscape is east of Dallas and now covers more than 400 acres with more than 1,500 homes in this new area.

The development has all the required master-planned community zoning and permissions that will allow land to be released to builders in late 2022. New homes in this community start in the low range of $ 200,000 to $ 380,000, averaging 1,400 to 3,000 square feet. Upon completion, Waterscape is expected to have a tax base of more than $ 420 million.

Waterscape currently has more than 250 families in the community, which is just a short drive from Rockwall and at the intersection of FM 548 and Crenshaw Road. Phase 1 of Waterscape consisted of 275 lots and Phase 2 brought another 350 lots, which were completed in 2019. Phase 3 includes 400 additional lots ranging in size from 40 feet in the back to 60 feet in front. With phase 4, the residents of Waterscape have more programmed open spaces. Master-planned community development is also in close proximity to Anita Scott Elementary, Bobby Summers Middle, and Royse City High School.

"Housing demand is burning in this area," said Donald Huffines, co-owner of Huffines Communities. "Rockwall County and Royse City in particular continue to see explosive growth and Waterscape is meeting that demand by providing residents with quality homes with the quiet comforts of small-town living and community-centered amenities at affordable prices."

Waterscape residents have access to downtown Royse City, which is home to a variety of commercial spaces, including a brewery, sports bar, cafes, and several boutiques.

"Royce City has seen tremendous growth in the past few years," Huffines told GlobeSt.com. “We believe this trend will continue for the foreseeable future. The property bordered our coveted waterscape community and fitted perfectly with our floor plan. Water and sewage were available next to the site, so that no long extensions outside the site were necessary. We are in the process of paving Crenshaw Road which will bring a new two lane concrete road to the property. We felt that acquiring this property was a given given the growth we're seeing for Royce City. "

Waterscape has a well-stocked catch and release fish pond, hiking, biking, and hiking trails, and a $ 3.5 million equipment center with a 1,500 square foot event center, swimming pools, hammock park, water volleyball court, and dog park and kiddy pool. The completion of the equipment center is planned for the end of autumn.

"Master-planned communities have traditionally been more in demand in good times and difficult," Huffines told GlobeSt.com. "Master-planned communities retain their value due to the high level of normally built amenities and the HOA involved, which ensures that properties are well maintained and property values ​​are maintained."

Four builders are currently under contract for Phase 2 of Waterscape and the last houses will be completed in autumn 2021. Builders in Waterscape include Highland Homes, History Maker Homes, Bloomfield Homes, and Impression Homes. New house builders are discussing the new land access.

“By selling building lots, we're giving home builders greater control over their homes instead of worrying about when the property will develop and the final details of the neighborhoods they want to build,” said Huffines. "This acquisition gives us the opportunity to complete the expansion of Waterscape."

Huffines Communities has four active communities under development in the North Texas area, and most homes in these communities start between $ 200,000 and $ 800,000.

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