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 introduced five new floor plans at Lago Mar, a master-planned community located in Texas City, Texas. The new homes, which were unveiled in early 2024, are designed to provide affordable housing options starting at $289,000.
The new floor plans range in size from 1,621 to 2,198 square feet, featuring layouts that include three to four bedrooms and two to 2.5 bathrooms. Each home incorporates LGI’s CompleteHome package, which is designed to offer modern design elements with high-end finishes. This comprehensive package boasts amenities such as:
- Stainless steel Whirlpool appliances
- Granite countertops
- Wood cabinets with crown molding
- MOEN faucets with Power Clean technology
- MOHAWK laminated wood flooring
- WiFi-enabled thermostats
Lago Mar is more than just a residential area; it offers a host of community amenities that significantly enhance the quality of life for residents. These amenities include:
- A 12-acre Crystal Lagoons amenity, the largest of its kind in Texas
- Sandy beaches and swim zones
- Cabanas and watersport facilities
- A recreation center and pool
- A playground and splash pad
- Hiking and biking trails
Strategically located off I-45 South within the Galveston-Clear Lake corridor, Lago Mar is poised for future development that includes plans for retail, dining, entertainment, and hotel spaces surrounding the lagoon. The developers of Lago Mar aim to provide affordable housing options without compromising on quality, as demonstrated by the offerings in the CompleteHome package. An upgraded CompleteHome Plus package is also available for those interested in luxury enhancements and designer upgrades.
The Lago Mar project has experienced delays in construction due to external factors, including the Great Recession and Hurricane Ike, affecting the project’s overall timeline. The residential and commercial developments in Lago Mar have dramatically increased in property value, rising from $38 million in 2007 to $220.1 million in 2018.
So far, approximately 700 homes have been constructed within the Lago Mar community, with commitments in place for even more homes in the future. When fully completed, the Lago Mar project expects to create a staggering $2 billion in new property value for Galveston County.
To ensure continued development, the Tax Increment Reinvestment Zone (TIRZ) administrators are pushing for an extension of their agreement with Galveston County to maintain the diversion of property taxes to support the community’s growth until 2037. This move aims to bolster ongoing improvements and expansions within Lago Mar, further solidifying its reputation as a desirable place to live.
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Author: STAFF HERE GEORGETOWN
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