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Real Estate News

February 21, 2012

Matthew McConaughey Settles Down in Austin

- — The born-and-raised Texas actor Matthew McConaughey has reportedly settled down on a 9-acre estate outside Austin with his fiancé, Camila Alves. According to The Real Estalker, the sure sign of the movie star's presence was his trademark Airstream parked on the driveway.

[Related: See other movie stars' homes]

Best known for his roles in romantic comedies, as well as his chiseled physique, McConaughey currently owns a surf-side Malibu home but spends quite a bit of time in the Lone Star State. Now that he's the father of two (a son, Levi, and daughter, Vida) — and engaged to Alves — it looks like the Austin property will be a little more practical for his family. The listing notes that his home is "within walking distance to the area's finest public and private schools."

McConaughey's home has bounced on and off the Austin real estate market since 2008 with several price cuts. According to property records, it was first listed at $6,600,000 and dropped to the most recent price of $4,000,000 in November 2010. The home was taken off the market in early January 2012. It's likely that McConaughey snagged the home for less than the last listing price.

[Related: See stars who sold homes with a price cut.]

Built in 1997, the Lake Austin-area home was designed to imitate works by mid-century Palm Beach architect Addison Mizner. The three-story, 10,800-square foot home has 7 bedrooms and 8 bathrooms as well as several decks and patios for optimal outdoor living.  

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