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North Texas’ first Crystal Lagoon makes a splash in Prosper | Real Estate | Dallas News

North Texas’ first Crystal Lagoon makes a splash in Prosper | Real Estate | Dallas News

The first crystal lagoon in Texas was a 2-acre lagoon that opened in the Balmoral community in Humble north of Houston last fall.

“It’s the only time we possibly will do that,” Martin said. “No one will be in the water, but they can walk around it and take a tour. “We will have a hosted event that evening with a splash bash and fireworks.”

“As soon as I saw it, I said ‘We have to do it if we can afford it,’ ” he said.

“We are already selling houses to people who say they are coming here for the lagoon,” he said. “The other communities that have opened these in in Florida and Houston have seen dramatic increases in sales velocity and pricing.

“It’s a great investment for a homeowner to be in this community.”

Homes in the community range from under $300,000 to $2 million.

More to come

Ted Wilson of Dallas-based housing analyst Residential Strategies said that other community developers and owners are watching to see whether Windsong Ranch’s new lagoon makes a splash.

“The crystal lagoon at Windsong Ranch has taken community amenities to a new level,” Wilson said. “Most master-planned communities offer a full compliment of swimming pools and splash pads, but the crystal lagoon is a new standard.

“Developers are budget-conscious when it comes to amenities, so we will watch closely to see the magnitude of extra new home sales this feature produces.”

Windsong Ranch can boast that it has the only such resident amenity in North Texas — at least for now.

Other major real estate projects in the area, including the more than $1 billion redevelopment of Plano’s Collin Creek Mall, are eyeing crystal lagoons, too.

“Once a family comes here to tour and sees that lagoon, they are done,” Martin said. “They don’t go anywhere else.”

Lisa Moore, regional director for Crystal Lagoons, said now that the Windsong Ranch project is finished, she expects more North Texas real estate developers to take the plunge with a lagoon.

“People need to see it to believe it,” Moore said. “The more lagoons we have on the ground now in big markets like Florida and Texas, the easier it is to sell.

“I probably have over 30 projects in Texas alone on my plate.”

This content was originally published here.

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