Terrace Mountain is a 1960s-built Mid-Century Modern masterpiece with downtown views that no other house has. With roots leading back to the days of Lyndon B. Johnson, this house was full of history that deserved to be restored. Tasked with bringing a hillside gem back to life, these investors brought on REI Studio to create a stunning design that would fetch a multimillion-dollar price tag in one of Austin’s best neighborhoods.
Case Study
Terrace Mountain
Purchase Price: $985,000
Rehab Cost: $450,000
Sale Price: $2,075,000
Days on Market: 13
Area Avg D.O.M. 78
Design services for this project included:
- Full project interior design, including lighting fixtures, plumbing fixtures, flooring, paint colors, millwork, countertops, cabinetry, vanities, hardware, etc.
- Full project exterior design, including doors, paint colors, hardware, lighting fixtures, roofing style and color, etc.
- 3D Renderings of the exterior, kitchen, and all bathrooms.
- Full 2D Floor Plan redesign with an RCP lighting plan.
Total Design Cost: $4,650
Flat-rate Pricing
Results
Creating a bold design that would stand out in Austin’s most competitive neighborhood was the challenge with Terrace Mountain. In an area where the typical owner has an endless budget, REI Studio had to work within the bounds of the investor’s numbers, all while creating something that would be truly unique in the area. The results speak for themselves – sold for 5% under list price in just 13 days on the market.
- REI Studio created a Mid-Century Modern design that blended the home’s original architecture with modern-day functionality and bold features.
- Beat the average days on market by 83%
- Sold the property for a 6-figure profit.
“This house is truly one of a kind”
Investor
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