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Real Estate Blog & Resources

A few smart ways you can invest your Mega Millions lottery winnings

LotteryThere was no winning ticket for the $425 million Mega Millions lottery on Friday, Dec. 13, which means the money rolls over to the next drawing on Tuesday, Dec. 17. The Mega Millions lottery is expected to be upwards of half a billion dollars, according to CBS News.

You could do pretty much anything you want with that kind of money. A single winner in Friday’s drawing would have walked away with a cash option of $228 million before taxes! There’s a long history of lottery winners who make poor financial choices and end up near-penniless again after winning the lottery (just check out a few episodes of The Lottery Changed My Life).

So to the future lottery winner, SouthStar Communities offers a few smart ways you can invest your Mega Millions lottery winnings.

Texas real estate continues to be among the most in-demand in the nation thanks to the strength of the state’s economy. Prices remained more stable than many other more volatile areas during the market downturn and continue to provide excellent value when compared to the rest of the country. “More Americans are moving to Texas than to any other state,” said TIME magazine. As America’s fastest-growing large state, Texas has “three of the top five fastest-growing cities in the country: Austin, Dallas and Houston.”

What better place to put your Mega Millions winnings than Texas real estate? Texas land, in particular, provides a unique opportunity to have it all—the ideal piece of property and a custom home built to exact specifications. In Texas, SouthStar Communities, a leading developer of master-planned communities, offers three vibrant options convenient to the three fastest-growing cities in Texas.

Vintage OaksVintage Oaks

The combination of renewed consumer confidence, new property offerings, and everything that has always made Vintage Oaks the favorite community of the Texas Hill Country resulted in an incredible year. In 2013, Vintage Oaks:

  • Sold more than 125 homesites
  • Was named the fastest-selling community in the Texas Hill Country
  • Opened three new neighborhoods to meet buyer demand
  • Added several new resort-style amenities

Vintage Oaks currently has properties ranging from one to 14 acres in several neighborhoods, offering both gated and non-gated locations with wooded, cul-de-sac, and view homesites. Increased sales and continued buyer demand throughout the year have led to new property releases and neighborhood openings.

Vintage Oaks’ newest offering include: Silver Oaks, with one- to two-and-one-half-acre view properties within walking distance to many of Vintage Oaks’ amenities, including the Clubhouse, swimming pools, athletic fields and walking trails; Champagne Hills, Vintage Oaks’ first gated community in more than two years, offering a private location and some of the most spectacular Hill Country views; Vineyard Ranch, which will offer larger estate lots ranging from five to 14 acres; The Reserve, which will offer land buyers a unique opportunity to purchase a one-acre homesite featuring a range of home designs for quick move-ins

For more information on Vintage Oaks, visit Vintage Oaks.

King OaksKing Oaks

King Oaks is Bryan-College Station’s favorite community, with expansive acreage property in a top Texas location. With great proximity to Texas A&M’s athletics and activities and a private, country feel that contrasts its great convenience, King Oaks is the solution for those looking to buy a prime piece of Texas land and build a custom home.

Amenities for King Oaks' land owners include a neighborhood park and fishing pond, as well as a 60-acre nature preserve with walking trails. A new Amenity Center that will feature a swimming pool, outdoor kitchen, walking trails, and, in the future, tennis courts, is currently under construction.

King Oaks offers incredible value with one-acre properties as low as $39,900 and:

  • 1.84% total taxes, with no city taxes, as compared to 2.5% taxes in Bryan-College Station
  • Low association dues
  • Higher value per acre than nearby neighborhoods

For more information about buying land at King Oaks, visit King Oaks.

Lake Ridge

Lake Ridge

Located between the thriving cities of Dallas and Fort Worth, Lake Ridge at Joe Pool Lake allows buyers in search of prime Texas lake property to discover all the advantages of living in a lake community without giving up a convenient DFW location.

Lake Ridge feels like a vacation getaway everyday but allows landowners the unique opportunity to live the lakeside dream while remaining within minutes of area work centers and city amenities. A variety of neighborhoods are available with properties offering breathtaking views of the lake and rolling hillsides:

  • The Summit is an exclusive, gated, hilltop neighborhood offering 30-mile views, towering trees, and homesites within the highly rated Midlothian School District.
  • The Sanctuary is a gated neighborhood offering some of the most desirable lake real estate in North Texas.
  • Special offers at Lake Ridge include newly released lake-view sites from $39,900, offering incredible value on prime Texas lake property

For more information on buying land and building a custom home at Lake Ridge, visit Lake Ridge.

You can get more information about SouthStar Communities here.