IPA Texas is pleased to present the exclusive listing of the Chamonix Condo Land Site in Austin, Texas. The offering consists of approximately 2.181 acres (approximately 95,012 square feet). There are four fully approved building pads for 56 condominium units. The entire condominium community of Chamonix is 192 condominiums. When finished, the community will include 20 buildings, four of which will be built by future purchaser. The units will range in size from 717 square feet to 1060 square feet. The site can commence immediately, and the site has an approved site plan and fiscals have been posted.
The Chamonix Condominium site is in an opportunity zone. The Opportunity Zone tax provisions provide investors the ability to re-invest capital gains into a fund that, in tum, invests in projects located in designated census tracts. In exchange for this investment, investors receive a decrease, deferral, and possible exclusion of capital gain tax liabilities. Qualified Opportunity Zone Funds may invest in businesses, real estate, and business assets located within designated "Opportunity Zones."
Chamonix Condominiums are located at 2450 Wickersham Lane, Austin, TX 78741. The community is situated approximately 1.2 miles east of Interstate 35 and 3.8 miles from downtown Austin. The Chamonix community is situated in the popular East Austin submarket, within close distance of some of the city's largest attractions, including the University of Texas at Austin and the new UT Austin Medical Campus. Its central location will provide for continued foot traffic and interest.