Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.
Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?
Last week, we looked at the 23rd city on the list — Thousand Oaks, Calfornia. This week, we look at Richardson, Texas, and found three great homes — all for less than $410,000.
“Richardson, Texas, has hot summers and mild winters, and this friendly city has a low crime rate,” MoneyWise said. “The cost of living is a bit higher than in some of the other cities on our list: you’ll need an income of around $72.000 to live comfortably here.”
“Richardson is located near Dallas, so you’ll have big-city amenities while living in a small community of just over 100,000. Three hospitals and 15 medical centers ensure you’ll never be without healthcare when you need it.”
Dramatized in books and film such as Lonesome Dove and The Sons of Katie Elder, Wildcatter Ranch is a 1,484-acre resort ranch, steeped in Texas ranching history that dates back to the establishment of Fort Belknap in 1851 when the pioneer era began in Young County.
Located about seven miles southeast of the city of Graham, Texas, and about an hour and a half drive from Fort Worth, Wildcatter Ranch is the epitome of rustic luxury, developed and owned by Anne Street Skipper — the great granddaughter of the founder of Graham. It serves as a fully operational ranch resort with western-themed cabin suites, upscale amenities, and permanently unobstructed views of the Brazos River and North Texas Hill Country.
The sudden death of U.S. Supreme Court Justice Antonin Scalia this weekend in West Texas throws yet another Texas ranch property into the spotlight: Cibolo Creek Ranch, owned by Houston billionaire and Washington D.C. insider John Poindexter.
Poindexter says he invited Scalia, age 79, to his ranch this weekend as a guest along with about three dozen others. One of Scalia’s sons was to come but cancelled at the last minute. Poindexter says Justice Scalia was animated and engaged during dinner Friday night, but did retire early at 9 p.m. saying it had been a long week, and he was tired.
Poindexter tried to awaken Scalia about 8:30 the next morning, but the Justices’ door was locked and he did not answer.
Three hours later, Poindexter returned to the ranch after an outing. He and a Scalia friend from Washington got into the room, and discovered the judge in bed, a pillow over his head. His bed clothes were unwrinkled, indicating that perhaps he had died shortly after retiring the night before.
“He was lying very restfully. It looked like he had not quite awakened from a nap,” he said.
Established in 1857 by Milton Faver, known as the first Texas cattle baron west of the Pecos, Cibolo Creek Ranch is now a five-star resort, a rugged oasis of a retreat, once a grouping of real life forts where Indian attacks were fended off. One of the more artistic forts remaining is “El Fortin de Cibolo.” Many millionaires and celebrities have visited the 30,000 acres near the Chinati Mountains including Mick Jagger, Julia Roberts and Tommy Lee Jones. One of the Dixie Chicks, Emily Erwin, was married there. Rooms run $350 to $700 per night. Cibolo Creek Ranch was bought by Poindexter in 1988 when it was not in the best of shape. He meticulously renovated three of the forts into a luxury, 33-room resort with a pool, dining room, horseback riding facilities, hunting and private airstrip. The atmosphere is comfortable luxury — lots of sinkable leather chairs and sofas, luxurious rooms with a ranch theme. Located about 30 miles south of Marfa, most guests fly in by private plane to the airstrip or fly to Midland and drive 3.5 hours to the remote ranch near Shafter and Marfa.
Poindexter was profiled in this 2006 Texas Monthly story by John Spong, when he was trying to buy 46,000 acres of Big Bend Ranch State Park. He was described by Spong as a rather “stiff dude” who has never married (“It wasn’t that I didn’t like the ladies enough; it’s that I liked them too much.”) – ha!: (more…)
But I was sworn to secrecy until the deal was closed. Closed, signed and sealed it is: Terra Verder Group LLC, the devloper of Windsong Ranch, has indeed purchased the 2,000 acre Boot Ranch north of Fredericksburg. Terra Verde and financial partner Wheelock Street Capital bought the luxury vacation home golf course community from Lehman Brothers.
Boot Ranch, the brainchild of Texas golfing great Hal Sutton, opened in 2006 just in time for the Great Recession. Like so many of its brethren, Boot fell into foreclosure. But during the four years that Lehman Brothers operated it, the community slowly, steadily kept the momentum moving forward. In fact, Boot Ranch may well become a poster child success story for how a vacation home community survives a downturn.
“The previous developer opened the project at the wrong time in the market,” said Terra Verde founder Craig Martin. “Our plan is to complete the development.We like Boot Ranch because of its proximity to Dallas-Fort Worth, Houston, San Antonio, Austin and Midland-Odessa – within a 4-hour drive.”
Summer months in Texas reach scorching hot temperatures. You need a home where you can beat the heat in style with family and friends. Look no further than 472 White Rock Road – your own personal vacation spot at Richland Chambers Reservoir. While just an hour away from Downtown Dallas, it is a convenient and easy way to spend a few weekends or an entire summer. This large, inviting Mediterranean style house boasts all the amenities for an idyllic retreat. (more…)
I’m not the only one who is in love with my later-in-life hometown of Poetry, Texas. Author Janice Thompson even wrote a novel starring the 1800s version of this darling little town. Located just over 10 miles east of Rockwall, Poetry is a charming country community with sandy loam soil, populated almost entirely by horse owners, earning the unincorporated township the nickname “Little Aubrey.”
Locals are fond of saying “Poetry isn’t a location, it’s a lifestyle.” Less than an hour to Dallas, but it’s still the country out here. The waitresses at the BNF Diner know your name and your order by heart, and the food is good enough at Richards Smokehouse that even your visiting “city friends” will approve. (Prepare to eat your weight in the just-like-grandma-made ’em rolls. Poetry may be for lovers, but it is not for the waistline-conscious.)
If you’re not quite ready for a huge ranch, but want a little privacy from the neighbors and room for a few horses, the darling one-story home at 9738 County Road 2432 is the perfect transition from city to country. Built in 2005, the extremely well-constructed three-bedroom, two-bath home on three acres features flattering touches such as extra-high ceilings, crown moldings, stained concrete floors, and beautiful automatic gated entry.
The floor plan accomplishes being both open and cozy at the same time, with all rooms overlooking the white pipe fenced pasture. The third garage space has been semi-converted to an exercise room, but could be a workshop or even go back to garage use. Small “dog room” offers indoor/outdoor access to your furry family members, and yes, the back yard is safely fenced for dogs, separated from the horse pasture.
The back porch area is perfect for grilling out with friends, and enjoying the summer stars you’ll be able to see oh-so-clearly out here.
Your horses will feel right at home in the treed pasture, complete with pond and freshly painted white pipe-and-cable fencing. The barn has three beautiful heavy duty steel framed stalls, with water and electric already supplied for ease of care.
Located on one of the nicest streets in Poetry, with several $500,000-plus country estates and even an equine veterinary center, this lovely horse property is offered for $339,500 by myself, Ebby Halliday Realtor Kathryn Roan.
If you’d like to move to Poetry, we’d love to have you!