An extravagant asking price has been set for an estate in Texas, possibly due to wealthy Californians seeking new homes. The Wall Street Journal reports that a 6-acre lakefront compound in Austin has been listed for $50 million, potentially becoming the most expensive home in Texas. The listing for this luxurious estate on Lake Austin can be seen here. The property includes a 7,000-square-foot main house, three guesthouses, a private dock, and a neighbor, Michael Dell, who is a prominent figure in the tech industry.
The asking price reflects the desire for “uber luxury,” according to listing agent Bridget Ramey of Kuper Sotheby’s International Realty. She suggests that individuals may be relocating from California to take advantage of Texas’ lack of state income tax and the appeal of living near a lake after being accustomed to the ocean. As Texas doesn’t require public disclosure of purchase prices, a record-breaking sale could potentially remain undisclosed. However, recent real estate activity indicates that the $50 million mark has already been surpassed, setting a new standard for the area.
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