Breakaway Park here in Austin (actually Cedar Park, just north of the city) seems like a nice location. They have a nice paved runway and the community is convenient to most modern amenities. Austin Bergstrom International Airport (KAUS) is within a 30 minute drive.

http://www.breakawayairport.net/contact.html

If you google Breakaway Park, there are some real estate listings available. On one side of the runway there are million dollar homes, on the other side they're closer to $400K.

Another nice place nearby is Lakeway Airpark, in Lakeway. They restrict night operations, but otherwise it is a nice community. I don't know what might be available right on the runway.

Henry
N2011X - 1965 C182H