News Summary
Texas City is set to experience a surge in housing availability as LGI Homes introduces five new floor plans in the Lago Mar master-planned community. These homes, ranging from 1,621 to 2,198 square feet, offer three to four bedrooms and two to 2.5 bathrooms, starting at just $289,000. The residences feature LGI’s exclusive CompleteHome package, enhancing quality with modern designs and stylish finishes. With fantastic amenities and a prime location, Lago Mar is poised to become a desirable living space for families seeking affordable yet high-quality homes.
Texas – LGI Homes has officially launched five new floor plans for its master-planned community, Lago Mar, located in Texas City, Texas. This exciting development was announced in early 2024 and features homes priced starting at $289,000. Ranging from 1,621 to 2,198 square feet, these new floor plans offer configurations of three to four bedrooms and two to 2.5 bathrooms, making them suitable for a variety of family sizes.
The homes come equipped with LGI’s CompleteHome package, designed to provide homeowners with modern amenities and high-end finishes. This package includes a range of features such as stainless steel Whirlpool appliances, granite countertops, wood cabinets with crown molding, MOEN faucets with Power Clean technology, MOHAWK laminated wood flooring, and WiFi-enabled thermostats. For buyers looking for even more luxury, a CompleteHome Plus package is available, which offers additional upgrades and designer enhancements.
Amenities and Location
Lago Mar is known for its extensive amenities, which greatly enhance the living experience for its residents. The community features a 12-acre Crystal Lagoons amenity – the largest of its kind in Texas – complete with sandy beaches, swim zones, and cabanas. Residents can enjoy a variety of recreational facilities including a recreation center, pool, playground, splash pad, and numerous hiking and biking trails. Future developments in the area also promise planned retail, dining, and entertainment spaces, alongside hotel options around the lagoon.
Strategic Location and Development Impact
Strategically located off I-45 South in the vibrant Galveston-Clear Lake corridor, Lago Mar has been built with a commitment to creating affordable housing options that do not compromise on quality. The ongoing development of literally hundreds of homes has resulted in a significant increase in property value for the area. The combined property value of both residential and commercial sectors in Lago Mar has risen drastically from $38 million in 2007 to $220.1 million in 2018. Currently, around 700 homes have been constructed in Lago Mar, with more developments on the way.
The Lago Mar project is expected to yield a remarkable $2 billion in new property value for Galveston County upon its full completion. However, the development has not been without its challenges. The project faced delays in construction due to external factors such as the Great Recession and Hurricane Ike, which significantly impacted the timeline of the project. To further support the community’s growth, the Tax Increment Reinvestment Zone (TIRZ) administrators are currently seeking an extension of their agreement with Galveston County to continue diverting property taxes until 2037.
In summary, LGI Homes’ new floor plans at Lago Mar offer prospective homeowners in Texas City modern living spaces at affordable prices, complete with numerous amenities and the promise of continued development in the area. As Lago Mar evolves into a dynamic community, it aims to provide residents with both comfort and quality within a strategically located environment.
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Author: STAFF HERE COLLEGE WRITER
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