Houston-based Falcon Group is partnering with Houston-based Grand Beach Development to plan a new luxury gated community on the eastern end of Galveston.
The new community, dubbed the Estates of Grand Beach, will feature 10 beachfront lots, ranging in size from about two to four acres each. Costs start at $1.5 million per lot.
Texas Coastal Realty is selling the lots by taking reservations. Once eight to nine reservations are secured, the process of building the houses will begin. From there, the plan calls for each lot owner to partner with Houston-based Kirksey Architects to build their beachfront home.
Each lot has a minimum of 190 feet of beachfront. The 190 feet of beachfront allows the homeowner to have privacy in their front or backyard.
In addition, full-time security will be offered as well as usage of a private helipad.
In 2008, the Falcon Group created Palisade Palm Condominiums, also on the east end of Galveston.