After an intensive market study, a small void in the Salado, Killeen, Fort Hood and Harker Heights market area was found. There was a tremendous amount of growth in the area, tons of very affordable housing, some high end housing, but noting in-between. Further studies found that most people worked in Killen, Harker Heights and Fort Hood, however most wanted to live in Salado since they have an award winning school district.
Investcor came across a 23 acre lake front site located on Stillhouse Lake. The site posed many explicit conditions that were very advantageous. Firstly, it was as close as you could get to Killeen, Harker Heights and Fort Hood whilst still being in the Salado school district. Also, since it falls just outside of the Salado City Limits, the tax rate is only 1.84%, as opposed to 2.46% in the surrounding city limits.
The lower tax rates give the homebuyers at Salado Lakeview substantially more purchasing power. On the 23 acre site Investcor developed 53 lots. Half of the lots were earmarked to be sold off to buyers and builders, and the other half will be developed with houses by Investcor. Investcor typically builds two houses at a time and most sell prior to completion.