Latest news with #AustinSurfClub
Yahoo
20-05-2025
- Business
- Yahoo
Matthew McConaughey And Drew Brees Among Early Buyers Willing To Spend $1.25 Million For Membership To The Exclusive Austin Surf Club
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Austin, Texas is not usually associated with surfing, but plans to construct an exclusive surfing community in the landlocked Texan city is attracting a plethora of interest. Matthew McConaughey, skateboarder Tony Hawk, and NFL great Drew Brees are among the buyers willing to spend $1.25 million to become members. Not yet built, the Austin Surf Club, according to the Austin Business Journal, is being developed by Arizona-based Discovery Land Co. in partnership with famed surfer Kelly Slater. The site, which sits at the former home of NLand Surf Park, broke ground in January. There are plans for 140 condos and homes, a brewery, cafe, restaurant, and clubhouse, all surrounding a huge artificial pool generating surfable waves, according to the club's website. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – According to the ABJ, buyer meetings were held at large sporting and cultural events in the US, such as the Formula 1 United States Grand Prix in Austin, the Stagecoach Festival in California, golf tournaments, and Art Basel in Miami. Documents viewed by the Journal show a $550,000 budget set aside for schmoozing potential clients. As of November, there were 49 total sales totaling $98.3 million in revenue, including 12 surf memberships at an average of $1.25 million, while home site sales average of each of the 30 homesites costs around $2.25 million, according to the report. 'Austin Surf Club will be the first-of-its-kind, lifestyle community in Texas built from the ground up, designed with sustainability in mind,' the developers said in a statement to ABJ. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Austin's median home sale price dropped 2.7% between 2024 and 2025, according to a recent report from brokerage Redfin. This represents the largest drop among the 50 largest metro areas in the country. The fall has been due to an oversupply of new homes. On average, a typical home in Austin sits on the market for 91 days, according to the report. Austin's hopes of recovery have been hampered by the prospect of tariffs which could impede the absorption rate of new constructions. "Our market here was showing signs of price stabilization after unprecedented declines," Scott Turner, founder of Austin-based Riverside Homes, told Newsweek "The 3% interest rate 'hangover' finally wore off at the beginning of the year but the economic uncertainty caused by tariffs and the risk of recession definitely affected their mentality, making them more cautious and leaving housing inventory levels at nearly an all-time high.' Austin was once the poster child for the popularity of the new South during the pandemic. High-paying tech jobs and a lower cost of living attracted residents from New York and California, wary of high taxes or bad weather. Redfin data shows that between February 2020 and May 2022, the median sale price of a home in Austin increased by over 60%, reaching a peak of $659,500 before beginning to fall. Today, the median sale price is $512,500 a year-over-year decline of 0.49%. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Invest Where It Hurts — And Help Millions Heal: Image: Shutterstock Send To MSN: 0 This article Matthew McConaughey And Drew Brees Among Early Buyers Willing To Spend $1.25 Million For Membership To The Exclusive Austin Surf Club originally appeared on Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Matthew McConaughey And Drew Brees Among Early Buyers Willing To Spend $1.25 Million For Membership To The Exclusive Austin Surf Club
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Austin, Texas is not usually associated with surfing, but plans to construct an exclusive surfing community in the landlocked Texan city is attracting a plethora of interest. Matthew McConaughey, skateboarder Tony Hawk, and NFL great Drew Brees are among the buyers willing to spend $1.25 million to become members. Not yet built, the Austin Surf Club, according to the Austin Business Journal, is being developed by Arizona-based Discovery Land Co. in partnership with famed surfer Kelly Slater. The site, which sits at the former home of NLand Surf Park, broke ground in January. There are plans for 140 condos and homes, a brewery, cafe, restaurant, and clubhouse, all surrounding a huge artificial pool generating surfable waves, according to the club's website. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – According to the ABJ, buyer meetings were held at large sporting and cultural events in the US, such as the Formula 1 United States Grand Prix in Austin, the Stagecoach Festival in California, golf tournaments, and Art Basel in Miami. Documents viewed by the Journal show a $550,000 budget set aside for schmoozing potential clients. As of November, there were 49 total sales totaling $98.3 million in revenue, including 12 surf memberships at an average of $1.25 million, while home site sales average of each of the 30 homesites costs around $2.25 million, according to the report. 'Austin Surf Club will be the first-of-its-kind, lifestyle community in Texas built from the ground up, designed with sustainability in mind,' the developers said in a statement to ABJ. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Austin's median home sale price dropped 2.7% between 2024 and 2025, according to a recent report from brokerage Redfin. This represents the largest drop among the 50 largest metro areas in the country. The fall has been due to an oversupply of new homes. On average, a typical home in Austin sits on the market for 91 days, according to the report. Austin's hopes of recovery have been hampered by the prospect of tariffs which could impede the absorption rate of new constructions. "Our market here was showing signs of price stabilization after unprecedented declines," Scott Turner, founder of Austin-based Riverside Homes, told Newsweek "The 3% interest rate 'hangover' finally wore off at the beginning of the year but the economic uncertainty caused by tariffs and the risk of recession definitely affected their mentality, making them more cautious and leaving housing inventory levels at nearly an all-time high.' Austin was once the poster child for the popularity of the new South during the pandemic. High-paying tech jobs and a lower cost of living attracted residents from New York and California, wary of high taxes or bad weather. Redfin data shows that between February 2020 and May 2022, the median sale price of a home in Austin increased by over 60%, reaching a peak of $659,500 before beginning to fall. Today, the median sale price is $512,500 a year-over-year decline of 0.49%. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Invest Where It Hurts — And Help Millions Heal: Image: Shutterstock Send To MSN: 0 This article Matthew McConaughey And Drew Brees Among Early Buyers Willing To Spend $1.25 Million For Membership To The Exclusive Austin Surf Club originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Entertainment
- Yahoo
Matthew McConaughey, Tony Hawk Buy Property at Kelly Slater Wave Pool
Big names, big wave pools, big luxury – makes sense for a place like Texas, where everything is, well, you know. The Kelly Slater Wave Co.'s latest manmade surf park, the Austin Surf Club, has attracted a handful of A-list actors and athletes for the preliminary offerings of their residential properties, including Matthew McConaughey, Tony Hawk, and Drew Brees, according to the Austin Business Journal. While there's no set opening date for the wave pool or the accompanying properties – not yet at least – as we reported earlier this year, ground has been broken, and there's a first look at the dirt plot, soon to be home to one of the world's most innovative players in synthetic surfing. See below. Here's a little more about the project, per the website: 'In a groundbreaking partnership between Discovery Land Company and legendary surfer Kelly Slater, Austin Surf Club aims to redefine residential living by offering a 2,200 ft long surf basin equipped with state-of-the-art high-volume wave technology – a canvas for surfers of all ages and skill levels to perfect their craft. Indulge in farm-to-table dining experiences, and explore a world of well-being at the state-of-the-art spa, all within an innovative community that celebrates the essence of adventure and connection.'The location of the Austin Surf Club was formerly home to NLand Surf Park. Helmed by Doug Coors, the same Coors of the beer business, NLand opened in October of 2016, as one of the first artificial surfing operations on US soil during the modern wave pool boom. But the property sold in 2018. And it's not the first time that McConaughey has sampled Slater's synthetic surfing goods. Recently, he was out at the OG Lemoore facility getting whipped into waves by the inimitable Tahitian wave pool instructor to the stars, Raimana van Bastolaer. On that occasion, McConaughey went down; he wiped out while setting up for the tube. But with a residence at the incoming pool in Austin, the actor will have more opportunities to work on that stink bug stance. Maybe a successful tube, too? Stay tuned.
