Starwood Capital Group has listed 230 acres for sale at its Revelry development in Del Valle, southeast Austin. The land is part of a larger 1,400-acre master-planned community located about 10 miles from downtown Austin. According to the Austin Business Journal, the available parcels are situated at the intersection of Pearce Lane and Wolf Lane and vary in their designated uses, including commercial, multifamily, and retail.
Avison Young brokers Mike Kennedy, Sullivan Johnston, and James Nelson are managing the listings. The Revelry project is expected to include 2,300 single-family homes along with additional multifamily and commercial spaces once fully developed. Several homebuilders—Brightland Homes, Perry Homes, David Weekley Homes, Highland Homes, Coventry Homes, Toll Brothers, and Lennar—are already committed to building in the community.
Del Valle is an unincorporated area near Austin-Bergstrom International Airport with a population of approximately 29,000. It is also home to the Circuit of the Americas race track where the Formula One U.S. Grand Prix takes place.
Revelry was previously known as Mirador and was acquired by Starwood earlier this year as part of an $800 million transaction that included a total of 11 communities purchased from Hines. The portfolio includes properties in Dallas-Fort Worth (DFW) and Houston.
Master-planned communities have generally been resilient during recent economic challenges but began experiencing declines midway through this year. According to real estate consulting firm RCLCO, new home sales in leading master-planned communities across the United States fell by nearly 7 percent between June 2024 and June 2025—a rate similar to the broader housing market’s decline of about 6.6 percent during that period.
Texas remains a major market for these developments; it accounts for more than one-third of the nation’s top 50 master-planned communities based on RCLCO data. Houston leads among cities in this sector.
