Scheduled to open in late 2024, Lookout will provide a more affordable alternative to single-family home ownership in Dripping Springs, where the population has more than doubled over the last decade and the median home price has soared to $905,000.

Lookout will offer one-, two- and three-bedroom apartments as well as townhomes to help meet the needs of young families as well as young professionals. Situated on a hilltop, the community will feature a rooftop terrace with panoramic views for miles.

Located directly across U.S. 290 from the mixed-use Belterra development, Lookout’s 7-acre site at 13059 Four Star Blvd. was formerly the home of the Trudy’s Four Star restaurant and is part of the Ledgestone master planned community.

About Wayfinder Real Estate

Wayfinder Real Estate is an Austin-based real estate development and investment company that focuses on developing and acquiring properties in high-employment and high-growth regions of Texas. Founded in 2019, the company specializes primarily in multifamily housing and mixed-use development – with acute emphases on value creation, principal protection, deal-by-deal optionality, and cycle awareness. Wayfinder’s principals have developed more than 12,500 apartment units valued at more than $2 billion and have acquired over $500 million worth of distressed real estate assets, corporate aircraft, and infrastructure projects over the course of their careers.

FAQs

All 241 will be for rent and managed by onsite leasing. 231 of them will be 1, 2, or 3 bedroom apartments. 10 of them will be 2 story townhome style units.

568 to 1,522 SF

1,547 SF

Two Bedroom 2 and 1 half bath

They will be market rate and in range with neighboring Class A apartments.

Dripping Springs has long been a more affordable alternative to Austin, particularly for young families seeking good schools. In the last few years, single-family home prices in the area have risen to the point that it’s no longer affordable for many families to buy a home. Dripping Springs has also added a lot of retailers and restaurants in recent years, which is great for the entire community. Those businesses need workers, and it makes it harder to find employees when they cannot afford to live in the same area.