yes, the condos start at $480k. This does not include the $2000/month service fee for living there. This price in consistent with the higher end senior living condos my parents have shopped in Texas, including Austin, Dallas, and Fort Worth. They are interested in houston because they spend their Summers in New Mexico at 8000 ft and like our mild Winters. I sat through on of the sales pitches on their behalf, and must admit, the units are pretty fantastic. I can only assume they will hold their value, based upon the other values I've watched on the Waterway. They are having the same development problems averyone else in the Woodlands is having, but they are hoping to complete construction at the end of 2008. The plan is to have the trolley come all the way down past the Sterling, towards the lake, so residents could hop on the trolley and get all the way to the mall or market street without having to drive.