3607 Satterwhite Rd, Buda, TX 78610

Sunstone Real Estate Advisors is pleased to present the Buda Merchant-Built Development or JV Opportunity—a 550-site manufactured housing development located in Buda, Texas, within the rapidly expanding Austin–Round Rock–Georgetown metropolitan area. The opportunity is structured as a merchant-built development with an additional option for an ongoing joint venture partnership. The merchant-built approach offers investors the ability to participate in a fully planned community where the developer delivers finished home sites, infrastructure, and amenities, rather than acquiring raw land. Alternatively, the developer is open to remaining in the project longer term to carry it through full lease-up. The site represents one of the last remaining large-scale development opportunities in an area that has largely been acquired and built out, allowing investors to benefit from surrounding momentum, including the strong performance of nearby communities, while being positioned directly in the path of ongoing growth.

The development plan contemplates 550 manufactured home sites delivered through a phased absorption schedule, reaching approximately 95.5% stabilized occupancy (525 homes) by Year 5. Average lot rents are projected to increase from $800 per month in Year 1 to $1,050 per month by Year 5, reflecting strong demand for affordable housing within the Austin metro corridor. Total revenue is projected to grow from approximately $1.15M in Year 1 to $6.58M by Year 5, driven by lease-up and structured rent growth. Net Operating Income is projected to expand from approximately $409K in Year 1 to $5.24M by Year 5, as operating leverage is realized across the stabilized community.

This opportunity offers investors exposure to a scaled manufactured housing community within one of the fastest-growing metropolitan regions in the United States, with a development structure designed to deliver completed lots and community amenities prior to stabilization.