Millionaires Trade Florida Coast for Texas Hill Country Estates

,
 February 17, 2026

Why would a millionaire business owner ditch the sunny South Florida coast for the rugged Texas Hill Country? Frederic and Lynn Lepoutre did just that, trading urban luxury for an 11-acre estate near Bandera and Kerrville, a remote spot hours west of San Antonio.

Three years ago, they purchased land in Texas Hill Country, built a custom home in just over 12 months, and cited lower taxes, cheaper insurance, faster building processes, and a quieter lifestyle as reasons for the move.

This story isn’t just about one couple’s relocation. Data from Texas REALTORS shows a steady migration trend, with one-third of new Texas residents hailing from states like California, Florida, New York, and Colorado. About 30% of interstate movers are choosing Dallas alone.

Tax Breaks and Building Speed

According to Fox Business, the Lepoutres’ journey began with a land purchase at $26,000 per acre, meeting a county mandate of at least 10 acres. Their initial tax bill, thanks to agricultural exemptions, was a mere $8 per year. Insurance costs? Just one-fifth of what they paid in Florida for decades.

Building their dream home was another stark contrast. Frederic noted it takes three years to build in Florida, but in Texas, they went from breaking ground to move-in ready in one year. The only permit required was for a water well and sewer system.

The couple also sought a different way of life. Lynn, who has lived in Florida since 1988, said, “We were looking for peace, quiet, tranquility, privacy, and a slower pace.” Frederic added that properties with 40-mile views and total seclusion are rare in America today.

A Broader Migration to Texas

Texas REALTORS Chair Jennifer Wauhob sees this as part of a larger shift. “Americans are voting with their feet,” she said. “They want places that are livable, workable, sustainable, and affordable.”

This migration is fueling a balanced housing market in Texas. Wauhob explained that demand spans entry-level to luxury homes, with a median home price of $335,000—well below the national average of about $415,000. Newcomers, she noted, are thrilled with how far their housing dollar stretches.

But it’s not a fleeting trend. Wauhob emphasized that data show this movement has persisted for several years. She believes it’s a long-term shift, not a temporary surge.

Why Texas Appeals to the Wealthy

So, what’s driving this exodus to the Lone Star State? Beyond affordability, it’s the efficiency and infrastructure. Lynn praised Texas for quick highway projects, noting they don’t drag on like elsewhere.

For the Lepoutres, the lifestyle change was profound. Frederic described Texas as a “total 180” from Florida, highlighting vast land availability for ventures like AI factories in West Texas. The couple cherishes the starry nights and the isolation their estate provides.

Yet, not everything is perfect. Frederic admitted that package delivery is a challenge due to their remote 600-foot water well and long driveway. Still, the trade-offs seem worth it for them.

Texas as the New Economic Hub

From a free-market perspective, Texas represents a beacon of opportunity. Minimal permitting hurdles and low taxes create an environment where wealth-builders like the Lepoutres can thrive without bureaucratic drag. It’s no surprise that many are flocking here.

Government overreach, often seen in high-tax states, appears less intrusive in Texas. This aligns with a liberty-focused mindset—less red tape, more room to innovate. For investors, Texas real estate, with its steady demand and sub-national-average prices, could be a smart play.

Consider this your nudge to explore Texas markets if you’re eyeing relocation or investment. Whether it’s an 11-acre estate or a modest starter home, the state’s growth trajectory suggests long-term value. Just don’t expect easy mail delivery in the boonies.

About Ginny Waterman

Become Wealthier... 
In Just 5 Minutes Per Day

Subscribe to Capital Digest and get fast, actionable insights on markets, money, and opportunity — straight to your inbox.