Document_and_Entity_Informatio
| Document and Entity Information Document (USD $) | 9 Months Ended | ||
| Sep. 30, 2014 | Oct. 31, 2014 | Jun. 28, 2013 | |
| Document and Entity Information [Abstract] | ' | ' | ' |
| Entity Registrant Name | 'Stratus Properties Inc. | ' | ' |
| Entity Central Index Key | '0000885508 | ' | ' |
| Current Fiscal Year End Date | '--12-31 | ' | ' |
| Entity Filer Category | 'Smaller Reporting Company | ' | ' |
| Document Type | '10-Q | ' | ' |
| Document Period End Date | 30-Sep-14 | ' | ' |
| Document Fiscal Year Focus | '2014 | ' | ' |
| Document Fiscal Period Focus | 'Q3 | ' | ' |
| Amendment Flag | 'false | ' | ' |
| Entity Common Stock, Shares Outstanding | ' | 8,038,353 | ' |
| Entity Well-known Seasoned Issuer | 'No | ' | ' |
| Entity Voluntary Filers | 'No | ' | ' |
| Entity Current Reporting Status | 'Yes | ' | ' |
| Entity Public Float | ' | ' | $58,700,000 |
Consolidated_Balance_Sheets_Un
| Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| ASSETS | ' | ' |
| Cash and cash equivalents | $26,676 | $21,307 |
| Restricted cash | 6,264 | 5,077 |
| Real estate held for sale | 16,407 | 18,133 |
| Real estate under development | 116,113 | 76,891 |
| Land available for development | 21,659 | 21,404 |
| Real estate held for investment, net | 177,913 | 182,530 |
| Investment in unconsolidated affiliates | 3,307 | 4,427 |
| Other assets | 19,599 | 17,174 |
| Total assets | 387,938 | 346,943 |
| LIABILITIES AND EQUITY | ' | ' |
| Accounts payable | 7,866 | 5,143 |
| Accrued liabilities | 8,388 | 9,360 |
| Debt | 187,782 | 151,332 |
| Other liabilities and deferred gain | 14,678 | 11,792 |
| Total liabilities | 218,714 | 177,627 |
| Commitments and contingencies | ' | ' |
| Stratus stockholders’ equity: | ' | ' |
| Common stock | 91 | 91 |
| Capital in excess of par value of common stock | 204,137 | 203,724 |
| Accumulated deficit | -58,811 | -60,724 |
| Accumulated other comprehensive loss | -258 | -22 |
| Common stock held in treasury | -20,275 | -19,448 |
| Total Stratus stockholders’ equity | 124,884 | 123,621 |
| Noncontrolling interests in subsidiaries | 44,340 | 45,695 |
| Total equity | 169,224 | 169,316 |
| Total liabilities and equity | $387,938 | $346,943 |
Consolidated_Statements_of_Inc
| Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Revenues: | ' | ' | ' | ' |
| Real estate operations | $6,562 | $10,810 | $18,817 | $57,715 |
| Hotel | 9,714 | 8,312 | 31,086 | 28,207 |
| Entertainment | 3,659 | 3,310 | 12,659 | 9,942 |
| Commercial leasing | 1,695 | 1,391 | 4,888 | 3,943 |
| Total revenues | 21,630 | 23,823 | 67,450 | 99,807 |
| Cost of sales: | ' | ' | ' | ' |
| Real estate operations | 5,478 | 6,942 | 13,978 | 46,727 |
| Hotel | 7,542 | 6,893 | 22,815 | 21,705 |
| Entertainment | 3,003 | 3,000 | 9,539 | 8,435 |
| Commercial leasing | 1,045 | 644 | 2,449 | 1,991 |
| Depreciation | 2,241 | 2,252 | 6,713 | 6,790 |
| Total cost of sales | 19,309 | 19,731 | 55,494 | 85,648 |
| Litigation and insurance settlements | -1,506 | 0 | -2,082 | -1,785 |
| General and administrative expenses | 1,741 | 1,578 | 5,762 | 5,356 |
| Total costs and expenses | 19,544 | 21,309 | 59,174 | 89,219 |
| Operating income | 2,086 | 2,514 | 8,276 | 10,588 |
| Interest expense, net | -974 | -1,833 | -2,797 | -6,140 |
| Gain (loss) on interest rate cap agreement | 15 | 0 | -236 | 0 |
| Loss on early extinguishment of debt | -19 | -1,379 | -19 | -1,379 |
| Other income, net | 3 | 7 | 25 | 1,352 |
| Income (loss) before income taxes and equity in unconsolidated affiliates' (loss) income | 1,111 | -691 | 5,249 | 4,421 |
| Equity in unconsolidated affiliates' (loss) income | -190 | -114 | 248 | -3 |
| Provision for income taxes | -143 | -192 | -563 | -617 |
| Net income (loss) | 778 | -997 | 4,934 | 3,801 |
| Net (income) loss attributable to noncontrolling interests in subsidiaries | -181 | 957 | -3,021 | -2,056 |
| Net income (loss) attributable to Stratus common stock | $597 | ($40) | $1,913 | $1,745 |
| Basic and diluted net income per share attributable to Stratus common stock | $0.07 | $0 | $0.24 | $0.22 |
| Weighted-average shares of common stock outstanding: | ' | ' | ' | ' |
| Basic | 8,032 | 8,057 | 8,037 | 8,087 |
| Diluted | 8,067 | 8,057 | 8,078 | 8,118 |
Consolidated_Statements_of_Com
| Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Statement (USD $) | 3 Months Ended | 9 Months Ended | ||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
| Consolidated Statements of Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' |
| Net income (loss) | $778 | ($997) | $4,934 | $3,801 |
| Other comprehensive income (loss), net of taxes: | ' | ' | ' | ' |
| Gain (loss) on interest rate swap agreement | 98 | 0 | -337 | 0 |
| Other comprehensive income (loss) | 98 | 0 | -337 | 0 |
| Total comprehensive income (loss) | 876 | -997 | 4,597 | 3,801 |
| Total comprehensive (income) loss attributable to noncontrolling interests | -211 | 957 | -2,920 | -2,056 |
| Total comprehensive income (loss) attributable to Stratus common stock | $665 | ($40) | $1,677 | $1,745 |
Consolidated_Statements_of_Cas
| Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
| Cash flow from operating activities: | ' | ' |
| Net income | $4,934 | $3,801 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ' | ' |
| Depreciation | 6,713 | 6,790 |
| Cost of real estate sold | 9,772 | 37,341 |
| Loss on Early Extinguishment of Debt | 19 | 1,379 |
| Stock-based compensation | 348 | 245 |
| Equity in unconsolidated affiliates' (income) loss | -248 | 3 |
| Deposits | 597 | 1,306 |
| Purchases and development of real estate properties | -47,611 | -14,054 |
| Recovery of land previously sold | 0 | -485 |
| Municipal utility district reimbursement | 0 | 208 |
| (Increase) decrease in other assets | -2,939 | 7,991 |
| Increase in accounts payable, accrued liabilities and other | 3,334 | 2,340 |
| Net cash (used in) provided by operating activities | -25,081 | 46,865 |
| Cash flow from investing activities: | ' | ' |
| Capital expenditures | -2,263 | -991 |
| Return of investment in (investment in) unconsolidated affiliates | -1,368 | 1,100 |
| Net cash used in investing activities | -895 | -2,091 |
| Cash flow from financing activities: | ' | ' |
| Borrowings from credit facility | 28,500 | 18,000 |
| Payments on credit facility | -9,782 | -32,924 |
| Borrowings from project loans | 29,812 | 101,577 |
| Payments on project and term loans | -12,079 | -68,511 |
| Noncontrolling interests distributions | -4,275 | -28,026 |
| Repurchase of treasury stock | -637 | -820 |
| Net payments for stock-based awards | -125 | -10 |
| Financing costs | -69 | -1,406 |
| Net cash provided by (used in) financing activities | 31,345 | -12,120 |
| Net increase in cash and cash equivalents | 5,369 | 32,654 |
| Cash and cash equivalents at beginning of year | 21,307 | 12,784 |
| Cash and cash equivalents at end of period | $26,676 | $45,438 |
Consolidated_Statements_of_Equ
| Consolidated Statements of Equity (Unaudited) (USD $) | Total | Total Stratus Stockholders' Equity [Member] | Common Stock [Member] | Capital in Excess of Par Value [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] | Common Stock Held in Treasury [Member] | Noncontrolling Interests in Subsidiaries [Member] |
| In Thousands, except Share data, unless otherwise specified | ||||||||
| Balance at Dec. 31, 2012 | $208,895 | $121,687 | $90 | $203,298 | ($63,309) | $0 | ($18,392) | $87,208 |
| Balance (in shares) at Dec. 31, 2012 | ' | ' | 9,037,000 | ' | ' | ' | 940,000 | ' |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
| Common stock repurchases | -810 | -810 | 0 | 0 | 0 | 0 | -810 | 0 |
| Common stock repurchases (in shares) | ' | ' | 0 | ' | ' | ' | 71,000 | ' |
| Exercised and issued stock-based awards | 79 | 79 | 1 | 78 | 0 | 0 | 0 | 0 |
| Exercised and issued stock-based awards (in shares) | ' | ' | 38,000 | ' | ' | ' | 0 | ' |
| Stock-based compensation | 245 | 245 | 0 | 245 | 0 | 0 | 0 | 0 |
| Tender of shares for stock-based awards | -99 | -99 | 0 | 0 | 0 | 0 | -99 | 0 |
| Tender of shares for stock-based awards (in shares) | ' | ' | 0 | ' | ' | ' | 8,000 | ' |
| Noncontrolling interests distributions | -18,127 | 0 | 0 | 0 | 0 | 0 | 0 | -18,127 |
| Total comprehensive income (loss) | 3,801 | 1,745 | 0 | 0 | 1,745 | 0 | 0 | 2,056 |
| Balance at Sep. 30, 2013 | 193,984 | 122,847 | 91 | 203,621 | -61,564 | 0 | -19,301 | 71,137 |
| Balance (in shares) at Sep. 30, 2013 | ' | ' | 9,075,000 | ' | ' | ' | 1,019,000 | ' |
| Balance at Dec. 31, 2013 | 169,316 | 123,621 | 91 | 203,724 | -60,724 | -22 | -19,448 | 45,695 |
| Balance (in shares) at Dec. 31, 2013 | ' | ' | 9,076,000 | ' | ' | ' | 1,030,000 | ' |
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
| Common stock repurchases | -637 | -637 | 0 | 0 | 0 | 0 | -637 | 0 |
| Common stock repurchases (in shares) | ' | ' | 0 | ' | ' | ' | 37,000 | ' |
| Exercised and issued stock-based awards | 65 | 65 | 0 | 65 | 0 | 0 | 0 | 0 |
| Exercised and issued stock-based awards (in shares) | ' | ' | 40,000 | ' | ' | ' | 0 | ' |
| Stock-based compensation | 348 | 348 | 0 | 348 | 0 | 0 | 0 | 0 |
| Tender of shares for stock-based awards | -190 | -190 | 0 | 0 | 0 | 0 | -190 | 0 |
| Tender of shares for stock-based awards (in shares) | ' | ' | 0 | ' | ' | ' | 11,000 | ' |
| Noncontrolling interests distributions | -4,275 | 0 | 0 | 0 | 0 | 0 | 0 | -4,275 |
| Total comprehensive income (loss) | 4,597 | 1,677 | 0 | 0 | 1,913 | -236 | 0 | 2,920 |
| Balance at Sep. 30, 2014 | $169,224 | $124,884 | $91 | $204,137 | ($58,811) | ($258) | ($20,275) | $44,340 |
| Balance (in shares) at Sep. 30, 2014 | ' | ' | 9,116,000 | ' | ' | ' | 1,078,000 | ' |
General_Information_Unaudited
| General Information (Unaudited) | 9 Months Ended |
| Sep. 30, 2014 | |
| General Information [Abstract] | ' |
| General Information [Text Block] | ' |
| GENERAL | |
| The accompanying unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2013, included in Stratus Properties Inc.’s (Stratus) Annual Report on Form 10-K (Stratus 2013 Form 10-K) filed with the Securities and Exchange Commission. In the opinion of management, the accompanying consolidated financial statements reflect all adjustments (consisting only of normal recurring items) considered necessary for a fair statement of the results for the interim periods reported. Operating results for the three-month and nine-month periods ended September 30, 2014, are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. |
Earnings_Per_Share_Unaudited
| Earnings Per Share (Unaudited) | 9 Months Ended | ||||||||||||||||
| Sep. 30, 2014 | |||||||||||||||||
| Earnings Per Share [Abstract] | ' | ||||||||||||||||
| Earnings Per Share [Text Block] | ' | ||||||||||||||||
| EARNINGS PER SHARE | |||||||||||||||||
| Stratus’ basic net income (loss) per share of common stock was calculated by dividing the net income (loss) attributable to Stratus common stock by the weighted-average shares of common stock outstanding during the three-month and nine-month periods. Following is a reconciliation of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating diluted net income (loss) per share (in thousands, except per share amounts): | |||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||
| September 30, | September 30, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||
| Net income (loss) | $ | 778 | $ | (997 | ) | $ | 4,934 | $ | 3,801 | ||||||||
| Net (income) loss attributable to noncontrolling interests in subsidiaries | (181 | ) | 957 | (3,021 | ) | (2,056 | ) | ||||||||||
| Net income (loss) attributable to Stratus common stock | $ | 597 | $ | (40 | ) | $ | 1,913 | $ | 1,745 | ||||||||
| Weighted-average shares of common stock outstanding | 8,032 | 8,057 | 8,037 | 8,087 | |||||||||||||
| Add shares issuable upon exercise or vesting of: | |||||||||||||||||
| Dilutive stock options | 7 | — | 12 | 7 | a | ||||||||||||
| Restricted stock units | 28 | b | — | 29 | b | 24 | |||||||||||
| Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share | 8,067 | 8,057 | 8,078 | 8,118 | |||||||||||||
| Diluted net income (loss) per share attributable to Stratus common stock | $ | 0.07 | $ | — | $ | 0.24 | $ | 0.22 | |||||||||
| a. Excludes approximately 1,700 shares of common stock associated with outstanding stock options with exercise prices less than the average market price of Stratus' common stock that were anti-dilutive based on the treasury stock method. | |||||||||||||||||
| b. Excludes 30,000 shares of common stock associated with restricted stock units that were anti-dilutive based on the treasury stock method. | |||||||||||||||||
| Outstanding stock options with exercise prices greater than the average market price for Stratus' common stock during the period are excluded from the computation of diluted net income per share of common stock. Excluded were approximately 56,900 stock options with a weighted-average exercise price of $21.54 for third-quarter 2014, 37,700 stock options with a weighted-average exercise price of $24.35 for the first nine months of 2014 and approximately 65,800 stock options with a weighted-average exercise price of $20.65 for the first nine months of 2013. Stock options and restricted stock units representing approximately 100,000 shares for third-quarter 2013 were excluded from weighted-average common shares outstanding for purposes of calculating diluted net loss per share because they were anti-dilutive. | |||||||||||||||||
Joint_Venture_With_CanyonJohns
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. (Unaudited) | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. [Abstract] | ' | |||||||
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. [Text Block] | ' | |||||||
| JOINT VENTURE WITH CANYON-JOHNSON URBAN FUND II, L.P. | ||||||||
| Stratus and Canyon-Johnson Urban Fund II, L.P. (Canyon-Johnson) are participants in a joint venture, CJUF II Stratus Block 21, LLC (the Block 21 Joint Venture), for a 36-story mixed-use development in downtown Austin, Texas, anchored by a W Hotel & Residences (the W Austin Hotel & Residences project). Stratus is the manager of, and has an approximate 40 percent interest in, the Block 21 Joint Venture, and Canyon-Johnson has an approximate 60 percent interest in the Block 21 Joint Venture. As of September 30, 2014, cumulative capital contributions totaled $71.9 million for Stratus and $94.0 million for Canyon-Johnson. Distributions totaled $0.5 million to Stratus and $0.7 million to Canyon-Johnson in third-quarter 2014 and $3.1 million to Stratus and $4.3 million to Canyon-Johnson for the first nine months of 2014. As of September 30, 2014, inception-to-date distributions totaled $47.8 million to Stratus and $54.9 million to Canyon-Johnson. The Block 21 Joint Venture is consolidated in Stratus’ financial statements based on Stratus' assessment that the Block 21 Joint Venture is a variable interest entity (VIE) and that Stratus is the primary beneficiary. Stratus will continue to periodically evaluate which entity is the primary beneficiary of the Block 21 Joint Venture in accordance with applicable accounting guidance. See Note 2 of the Stratus 2013 Form 10-K for further discussion. | ||||||||
| Stratus’ consolidated balance sheets include the following assets and liabilities of the Block 21 Joint Venture (in thousands): | ||||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Assets: | ||||||||
| Cash and cash equivalents | $ | 21,184 | $ | 13,192 | ||||
| Restricted cash | 5,730 | 5,069 | ||||||
| Real estate held for sale | 5,851 | 10,942 | ||||||
| Real estate held for investment, net | 152,233 | 157,541 | ||||||
| Other assets | 7,068 | 7,631 | ||||||
| Total assets | 192,066 | 194,375 | ||||||
| Liabilities: | ||||||||
| Accounts payable | 2,804 | 3,428 | ||||||
| Accrued liabilities | 6,075 | 6,856 | ||||||
| Debt | 98,648 | 99,754 | ||||||
| Other liabilities | 7,394 | 4,761 | ||||||
| Total liabilities | 114,921 | 114,799 | ||||||
| Net assets | $ | 77,145 | $ | 79,576 | ||||
| Profits and losses among partners in a real estate venture are allocated based on how changes in net assets of the venture would affect cash payments to the partners over the life of the venture and on its liquidation. The amount of the ultimate profits earned by the Block 21 Joint Venture will affect the ultimate profit sharing ratios because of provisions in the joint venture agreement, which would require Stratus to return certain previously received distributions to Canyon-Johnson under certain circumstances. Because of the uncertainty of the ultimate profits and, therefore, profit-sharing ratios, the Block 21 Joint Venture's cumulative profits or losses are allocated based on a hypothetical liquidation of the Block 21 Joint Venture’s net assets as of each balance sheet date. As of September 30, 2014, the cumulative earnings of the Block 21 Joint Venture were allocated based on 42 percent for Stratus and 58 percent for Canyon-Johnson. | ||||||||
Joint_Venture_with_LCHM_Holdin
| Joint Venture with LCHM Holdings, LLC (Notes) | 9 Months Ended |
| Sep. 30, 2014 | |
| Joint Venture with LCHM Holdings, LLC [Abstract] | ' |
| Joint Venture 2 [Text Block] | ' |
| LCHM HOLDINGS, LLC | |
| In 2011, Stratus entered into a joint venture (the Parkside Village Joint Venture) with Moffett Holdings, LLC (Moffett Holdings) for the development of Parkside Village, a retail project in the Circle C community in southwest Austin, Texas. On March 3, 2014, Moffett Holdings redeemed and purchased the membership interest in Moffett Holdings held by LCHM Holdings, LLC (LCHM Holdings). In connection with the redemption, (1) LCHM Holdings received the 625,000 shares of Stratus common stock held by Moffett Holdings and (2) LCHM Holdings entered into an assignment and assumption agreement pursuant to which Moffett Holdings assigned to LCHM Holdings its rights and obligations under the Investor Rights Agreement between Moffett Holdings and Stratus dated as of March 15, 2012. See Note 3 of the Stratus 2013 Form 10-K for further discussion. |
Fair_Value_Measurements_Unaudi
| Fair Value Measurements (Unaudited) | 9 Months Ended | |||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||
| Fair Value Measurements [Abstract] | ' | |||||||||||||||
| Fair Value Measurements [Text Block] | ' | |||||||||||||||
| FAIR VALUE MEASUREMENTS | ||||||||||||||||
| Fair value accounting guidance includes a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs). | ||||||||||||||||
| The carrying value for certain Stratus financial instruments (i.e., cash and cash equivalents, restricted cash, accounts payable and accrued liabilities) approximates fair value because of their short-term nature and generally negligible credit losses. A summary of the carrying amount and fair value of Stratus' other financial instruments follows (in thousands): | ||||||||||||||||
| September 30, 2014 | December 31, 2013 | |||||||||||||||
| Carrying | Fair | Carrying | Fair | |||||||||||||
| Value | Value | Value | Value | |||||||||||||
| Assets: | ||||||||||||||||
| Interest rate cap agreement | $ | 115 | $ | 115 | $ | 351 | $ | 351 | ||||||||
| Liabilities: | ||||||||||||||||
| Interest rate swap agreement | 369 | 369 | 32 | 32 | ||||||||||||
| Debt | 187,782 | 188,083 | 151,332 | 151,584 | ||||||||||||
| Interest Rate Cap Agreement. On September 30, 2013, the Block 21 Joint Venture paid $0.5 million to enter into an interest rate cap agreement, which caps the one-month London Interbank Offered Rate (LIBOR), the variable rate in the loan agreement with Bank of America relating to the W Austin Hotel & Residences project (the BoA loan), at 1 percent for the first year the BoA loan is outstanding, 1.5 percent for the second year and 2 percent for the third year. Stratus uses an interest rate pricing model that relies on market observable inputs such as LIBOR to measure the fair value of the interest rate cap agreement. Stratus also evaluated the counterparty credit risk associated with the interest rate cap agreement, which is considered a Level 3 input, but did not consider such risk to be significant. Therefore, the interest rate cap agreement is classified within Level 2 of the fair value hierarchy. | ||||||||||||||||
| Interest Rate Swap Agreement. On December 13, 2013, the Parkside Village Joint Venture entered into an interest rate swap agreement with Comerica Bank that effectively converts the variable rate portion of Parkside Village's loan from Comerica Bank (the Parkside Village loan) from one-month LIBOR to a fixed rate of 2.3 percent. With the interest rate swap agreement in place, the Parkside Village Joint Venture's interest cost on the Parkside Village loan will be 4.8 percent through the December 31, 2020, maturity date. Stratus also evaluated the counterparty credit risk associated with the interest rate swap agreement, which is considered a Level 3 input, but did not consider such risk to be significant. Therefore, the interest rate swap agreement is classified within Level 2 of the fair value hierarchy. | ||||||||||||||||
| Debt. Stratus' debt is recorded at cost and is not actively traded. Fair value is estimated based on discounted future expected cash flows at estimated current market interest rates. Accordingly, Stratus' debt is classified within Level 2 of the fair value hierarchy. The fair value of debt does not represent the amounts that will ultimately be paid upon the maturities of the loans. | ||||||||||||||||
Debt_and_Equity_Transactions_U
| Debt and Equity Transactions (Unaudited) | 9 Months Ended |
| Sep. 30, 2014 | |
| Capitalization, Long-term Debt and Equity [Abstract] | ' |
| Debt and Equity Transactions [Text Block] | ' |
| DEBT AND EQUITY TRANSACTIONS | |
| Lakeway Construction Loan. On September 29, 2014, a Stratus subsidiary entered into a $62.9 million construction loan agreement with PlainsCapital Bank (the Lakeway Construction loan) to fund the construction, development and leasing of The Oaks at Lakeway in Lakeway, Texas (The Oaks at Lakeway). On November 7, 2014, the Stratus subsidiary and PlainsCapital Bank entered into an amendment to the loan agreement to effect the syndication of a portion of the aggregate principal amount of the Lakeway Construction loan with Southside Bank. Pursuant to the amendment, PlainsCapital Bank has committed $37.9 million and Southside Bank has committed $25.0 million under the Lakeway Construction loan. As of September 30, 2014, $14.0 million had been drawn under the loan. The Lakeway Construction loan matures on September 29, 2019, and is secured by assets at The Oaks at Lakeway. The variable interest rate is one-month LIBOR plus 2.75 percent. The Lakeway Construction loan has been guaranteed by Stratus subject to the guarantee decreasing as certain milestones set forth in the loan agreement are met. Pursuant to the Lakeway Construction loan, $1.6 million of the proceeds were used to fully repay the existing Lakeway loan, which was scheduled to mature on May 15, 2015. | |
| Magnolia Term Loan. On September 15, 2014, Stratus entered into a $3.8 million term loan agreement with Holliday Fenoglio Fowler, L.P. (the Magnolia loan). The proceeds of the Magnolia loan were used to purchase approximately 142 acres of land located in Magnolia, Texas (approximately 18 acres of which were subsequently sold to HEB Grocery Stores). The interest rate is fixed at 7 percent and the Magnolia loan matures on October 1, 2016, and is secured by the land purchased with the proceeds of the Magnolia loan. Stratus has the option to extend the maturity date on the Magnolia loan to October 1, 2017, upon prior written notice to the lender no later than July 1, 2016. | |
| Slaughter Term Loan. On July 18, 2014, Stratus entered into a $7.0 million term loan agreement with United Heritage Credit Union (the United/Slaughter loan). The United/Slaughter loan matures on July 31, 2024, and is secured by assets at Stratus' 5700 Slaughter project in the Circle C community. The interest rate is 4.50 percent through July 31, 2019. Beginning August 1, 2019, and continuing through the maturity date, interest will accrue at the greater of the prime interest rate plus 1.25 percent, or 4.95 percent. As required by the United/Slaughter loan, $5.0 million of the proceeds were used to fully repay the existing 5700 Slaughter term loan, which was scheduled to mature on January 31, 2015. | |
| Barton Creek Village Term Loan. On June 27, 2014, Stratus entered into a $6.0 million term loan agreement with PlainsCapital Bank (the Barton Creek Village term loan). The Barton Creek Village term loan matures on June 27, 2024, and is secured by assets at Stratus' Barton Creek Village project. The interest rate is 4.19 percent and payments of principal and interest are due monthly. As required by the Barton Creek Village term loan, $4.3 million of the proceeds were used to fully repay the existing Barton Creek Village loan, which was scheduled to mature on June 30, 2014. | |
| Interest Expense and Capitalization. Interest expense (before capitalized interest) totaled $2.0 million for third-quarter 2014, $2.9 million for third-quarter 2013, $5.6 million for the nine months ended September 30, 2014, and $8.9 million for the nine months ended September 30, 2013. Stratus' capitalized interest costs totaled $1.1 million for each of the third quarters of 2014 and 2013 and $2.8 million for each of the nine months ended September 30, 2014, and 2013. Capitalized interest costs for the 2014 and 2013 periods primarily related to development activities at properties in Barton Creek. | |
| Common Stock Repurchases. During the nine months ended September 30, 2014, Stratus purchased 36,900 shares of its common stock for $0.6 million ($17.26 per share). Stratus obtained lender approval for these repurchases. See Note 9 of the Stratus 2013 Form 10-K for further discussion of common stock repurchases permitted under Stratus' debt agreements. |
Income_Taxes_Unaudited
| Income Taxes (Unaudited) | 9 Months Ended |
| Sep. 30, 2014 | |
| Income Tax Disclosure [Abstract] | ' |
| Income Taxes [Text Block] | ' |
| INCOME TAXES | |
| Stratus’ accounting policy for and other information regarding its income taxes is further described in Notes 1 and 8 of the Stratus 2013 Form 10-K. | |
| Stratus evaluated the recoverability of its deferred tax assets and considered available positive and negative evidence, giving greater weight to losses in recent years, the absence of taxable income in the carry-back period and uncertainty regarding projected future financial results. As a result, Stratus concluded that there was not sufficient positive evidence supporting the realizability of its deferred tax assets beyond an amount totaling $0.3 million at September 30, 2014, and December 31, 2013. | |
| Stratus’ future results of operations may be negatively impacted by an inability to realize a tax benefit for future tax losses or for items that will generate additional deferred tax assets. Stratus’ future results of operations may be favorably impacted by reversals of valuation allowances if Stratus is able to demonstrate sufficient positive evidence that its deferred tax assets will be realized. | |
| The difference between Stratus’ consolidated effective income tax rate for the first nine months of 2014 and 2013, and the U.S. federal statutory income tax rate of 35 percent was primarily attributable to the realization of deferred tax assets. |
Business_Segments_Unaudited
| Business Segments (Unaudited) | 9 Months Ended | |||||||||||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||||||||||
| Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
| Business Segments [Text Block] | ' | |||||||||||||||||||||||
| BUSINESS SEGMENTS | ||||||||||||||||||||||||
| Stratus currently has four operating segments: Real Estate Operations, Hotel, Entertainment and Commercial Leasing. | ||||||||||||||||||||||||
| The Real Estate Operations segment is comprised of Stratus’ real estate assets (developed, under development and undeveloped), which consists of its properties in Austin, Texas (the Barton Creek community, the Circle C community, Lantana and the condominium units at the W Austin Hotel & Residences project) and in Lakeway, Texas (The Oaks at Lakeway). | ||||||||||||||||||||||||
| The Hotel segment includes the W Austin Hotel located at the W Austin Hotel & Residences project. | ||||||||||||||||||||||||
| The Entertainment segment includes ACL Live, a live music and entertainment venue and production studio at the W Austin Hotel & Residences project. In addition to hosting concerts and private events, this venue is the home of Austin City Limits, a television program showcasing popular music legends. The Entertainment segment also includes revenues and costs associated with events hosted at other venues, and the results of the Stageside Productions joint venture with Pedernales Entertainment LLC. | ||||||||||||||||||||||||
| The Commercial Leasing segment includes the office and retail space at the W Austin Hotel & Residences project, a retail building and a bank building in Barton Creek Village, and 5700 Slaughter and Parkside Village in the Circle C community. | ||||||||||||||||||||||||
| Stratus uses operating income or loss to measure the performance of each segment. Stratus allocates parent company general and administrative expenses that do not directly relate to a particular operating segment between the Real Estate Operations and Commercial Leasing segments based on projected annual revenues for each segment. General and administrative expenses related to the W Austin Hotel & Residences project are allocated to the Real Estate Operations, Hotel, Entertainment and Commercial Leasing segments based on projected annual revenues for the W Austin Hotel & Residences project. The following segment information reflects management’s determinations that may not be indicative of what actual financial performance of each segment would be if it were an independent entity. | ||||||||||||||||||||||||
| Segment data presented below was prepared on the same basis as Stratus’ consolidated financial statements (in thousands). | ||||||||||||||||||||||||
| Real Estate | Hotel | Entertainment | Commercial Leasing | Eliminations and Otherb | Total | |||||||||||||||||||
| Operationsa | ||||||||||||||||||||||||
| Three Months Ended September 30, 2014: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 6,562 | $ | 9,714 | $ | 3,659 | $ | 1,695 | $ | — | $ | 21,630 | ||||||||||||
| Intersegment | 24 | 85 | 12 | 131 | (252 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 5,494 | 7,548 | 3,066 | 1,069 | (109 | ) | 17,068 | |||||||||||||||||
| Depreciation | 53 | 1,460 | 313 | 452 | (37 | ) | 2,241 | |||||||||||||||||
| Litigation settlement | (1,506 | ) | — | — | — | — | (1,506 | ) | ||||||||||||||||
| General and administrative expenses | 1,344 | 83 | 31 | 412 | (129 | ) | 1,741 | |||||||||||||||||
| Operating income (loss) | $ | 1,201 | $ | 708 | $ | 261 | $ | (107 | ) | $ | 23 | $ | 2,086 | |||||||||||
| Capital expendituresc | $ | 22,794 | $ | 57 | $ | 23 | $ | 1,230 | $ | — | $ | 24,104 | ||||||||||||
| Total assets at September 30, 2014 | 179,741 | 112,747 | 51,418 | 49,630 | (5,598 | ) | 387,938 | |||||||||||||||||
| Three Months Ended September 30, 2013: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 10,810 | $ | 8,312 | $ | 3,310 | $ | 1,391 | $ | — | $ | 23,823 | ||||||||||||
| Intersegment | 9 | 59 | 37 | 121 | (226 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 6,954 | 6,893 | 3,035 | 666 | (69 | ) | 17,479 | |||||||||||||||||
| Depreciation | 58 | 1,501 | 309 | 421 | (37 | ) | 2,252 | |||||||||||||||||
| General and administrative expenses | 1,362 | 68 | 27 | 273 | (152 | ) | 1,578 | |||||||||||||||||
| Operating income (loss) | $ | 2,445 | $ | (91 | ) | $ | (24 | ) | $ | 152 | $ | 32 | $ | 2,514 | ||||||||||
| Capital expendituresc | $ | 5,326 | $ | 12 | $ | 180 | $ | 167 | $ | — | $ | 5,685 | ||||||||||||
| Total assets at September 30, 2013 | 170,243 | 116,959 | 48,217 | 46,913 | (5,924 | ) | 376,408 | |||||||||||||||||
| Real Estate | Hotel | Entertainment | Commercial Leasing | Eliminations and Otherb | Total | |||||||||||||||||||
| Operationsa | ||||||||||||||||||||||||
| Nine Months Ended September 30, 2014: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 18,817 | $ | 31,086 | $ | 12,659 | $ | 4,888 | $ | — | $ | 67,450 | ||||||||||||
| Intersegment | 71 | 314 | 30 | 386 | (801 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 14,060 | 22,822 | 9,733 | 2,521 | (355 | ) | 48,781 | |||||||||||||||||
| Depreciation | 166 | 4,390 | 943 | 1,325 | (111 | ) | 6,713 | |||||||||||||||||
| Litigation and insurance settlements | (2,082 | ) | — | — | — | — | (2,082 | ) | ||||||||||||||||
| General and administrative expenses | 4,437 | 298 | 110 | 1,358 | (441 | ) | 5,762 | |||||||||||||||||
| Operating income | $ | 2,307 | $ | 3,890 | $ | 1,903 | $ | 70 | $ | 106 | $ | 8,276 | ||||||||||||
| Capital expendituresc | $ | 47,611 | $ | 133 | $ | 55 | $ | 2,075 | $ | — | $ | 49,874 | ||||||||||||
| Nine Months Ended September 30, 2013: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 57,715 | $ | 28,207 | $ | 9,942 | $ | 3,943 | $ | — | $ | 99,807 | ||||||||||||
| Intersegment | 49 | 191 | 60 | 402 | (702 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 46,795 | 21,705 | 8,524 | 2,053 | (219 | ) | 78,858 | |||||||||||||||||
| Depreciation | 181 | 4,536 | 926 | 1,258 | (111 | ) | 6,790 | |||||||||||||||||
| Insurance settlement | (1,785 | ) | — | — | — | — | (1,785 | ) | ||||||||||||||||
| General and administrative expenses | 4,526 | 258 | 101 | 900 | (429 | ) | 5,356 | |||||||||||||||||
| Operating income | $ | 8,047 | $ | 1,899 | $ | 451 | $ | 134 | $ | 57 | $ | 10,588 | ||||||||||||
| Capital expendituresc | $ | 14,054 | $ | 15 | $ | 299 | $ | 677 | $ | — | $ | 15,045 | ||||||||||||
| a. | Includes sales commissions and other revenues together with related expenses. | |||||||||||||||||||||||
| b. | Includes eliminations of intersegment amounts, including the deferred development fee income between Stratus and the Block 21 Joint Venture (see Note 3). | |||||||||||||||||||||||
| c. | Also includes purchases and development of residential real estate held for sale. | |||||||||||||||||||||||
New_Accounting_Standards_Unaud
| New Accounting Standards (Unaudited) (Notes) | 9 Months Ended |
| Sep. 30, 2014 | |
| New Accounting Standards [Abstract] | ' |
| New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
| NEW ACCOUNTING STANDARDS | |
| In May 2014, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) which outlines a single comprehensive model and supersedes most of the current revenue recognition guidance. For public entities, this ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption is not permitted. Stratus is evaluating this new guidance, but does not expect it to have a significant impact on its current revenue recognition policies. | |
| In April 2014, FASB issued an ASU which revises the guidance for reporting discontinued operations. This ASU amends the definition of a discontinued operation and requires additional disclosures about disposal transactions that do not meet the definition of a discontinued operation. For public entities, this ASU is effective for annual periods beginning on or after December 15, 2014, and interim periods within that year. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. Stratus adopted this ASU in first-quarter 2014. |
Subsequent_Events_Unaudited_No
| Subsequent Events (Unaudited) (Notes) | 9 Months Ended |
| Sep. 30, 2014 | |
| Subsequent Events [Abstract] | ' |
| Subsequent Events [Text Block] | ' |
| SUBSEQUENT EVENTS | |
| Stratus evaluated events after September 30, 2014, and through the date the financial statements were issued, and determined any events or transactions occurring during this period that would require recognition or disclosure are appropriately addressed in these financial statements. |
Earnings_Per_Share_Unaudited_T
| Earnings Per Share (Unaudited) (Tables) | 9 Months Ended | ||||||||||||||||
| Sep. 30, 2014 | |||||||||||||||||
| Earnings Per Share [Abstract] | ' | ||||||||||||||||
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
| Following is a reconciliation of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating diluted net income (loss) per share (in thousands, except per share amounts): | |||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||
| September 30, | September 30, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||
| Net income (loss) | $ | 778 | $ | (997 | ) | $ | 4,934 | $ | 3,801 | ||||||||
| Net (income) loss attributable to noncontrolling interests in subsidiaries | (181 | ) | 957 | (3,021 | ) | (2,056 | ) | ||||||||||
| Net income (loss) attributable to Stratus common stock | $ | 597 | $ | (40 | ) | $ | 1,913 | $ | 1,745 | ||||||||
| Weighted-average shares of common stock outstanding | 8,032 | 8,057 | 8,037 | 8,087 | |||||||||||||
| Add shares issuable upon exercise or vesting of: | |||||||||||||||||
| Dilutive stock options | 7 | — | 12 | 7 | a | ||||||||||||
| Restricted stock units | 28 | b | — | 29 | b | 24 | |||||||||||
| Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share | 8,067 | 8,057 | 8,078 | 8,118 | |||||||||||||
| Diluted net income (loss) per share attributable to Stratus common stock | $ | 0.07 | $ | — | $ | 0.24 | $ | 0.22 | |||||||||
| a. Excludes approximately 1,700 shares of common stock associated with outstanding stock options with exercise prices less than the average market price of Stratus' common stock that were anti-dilutive based on the treasury stock method. | |||||||||||||||||
| b. Excludes 30,000 shares of common stock associated with restricted stock units that were anti-dilutive based on the treasury stock method. | |||||||||||||||||
Joint_Venture_With_CanyonJohns1
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. (Unaudited) (Tables) | 9 Months Ended | |||||||
| Sep. 30, 2014 | ||||||||
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. [Abstract] | ' | |||||||
| Noncontrolling Interest Assets and Liabilities [Table Text Block] | ' | |||||||
| Stratus’ consolidated balance sheets include the following assets and liabilities of the Block 21 Joint Venture (in thousands): | ||||||||
| September 30, | December 31, | |||||||
| 2014 | 2013 | |||||||
| Assets: | ||||||||
| Cash and cash equivalents | $ | 21,184 | $ | 13,192 | ||||
| Restricted cash | 5,730 | 5,069 | ||||||
| Real estate held for sale | 5,851 | 10,942 | ||||||
| Real estate held for investment, net | 152,233 | 157,541 | ||||||
| Other assets | 7,068 | 7,631 | ||||||
| Total assets | 192,066 | 194,375 | ||||||
| Liabilities: | ||||||||
| Accounts payable | 2,804 | 3,428 | ||||||
| Accrued liabilities | 6,075 | 6,856 | ||||||
| Debt | 98,648 | 99,754 | ||||||
| Other liabilities | 7,394 | 4,761 | ||||||
| Total liabilities | 114,921 | 114,799 | ||||||
| Net assets | $ | 77,145 | $ | 79,576 | ||||
Fair_Value_Measurements_Unaudi1
| Fair Value Measurements (Unaudited) (Tables) | 9 Months Ended | |||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||
| Fair Value Measurements [Abstract] | ' | |||||||||||||||
| Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||
| A summary of the carrying amount and fair value of Stratus' other financial instruments follows (in thousands): | ||||||||||||||||
| September 30, 2014 | December 31, 2013 | |||||||||||||||
| Carrying | Fair | Carrying | Fair | |||||||||||||
| Value | Value | Value | Value | |||||||||||||
| Assets: | ||||||||||||||||
| Interest rate cap agreement | $ | 115 | $ | 115 | $ | 351 | $ | 351 | ||||||||
| Liabilities: | ||||||||||||||||
| Interest rate swap agreement | 369 | 369 | 32 | 32 | ||||||||||||
| Debt | 187,782 | 188,083 | 151,332 | 151,584 | ||||||||||||
Business_Segments_Unaudited_Ta
| Business Segments (Unaudited) (Tables) | 9 Months Ended | |||||||||||||||||||||||
| Sep. 30, 2014 | ||||||||||||||||||||||||
| Segment Reporting [Abstract] | ' | |||||||||||||||||||||||
| Schedule of Segment Reporting Information by Segment [Table Text Block] | ' | |||||||||||||||||||||||
| Segment data presented below was prepared on the same basis as Stratus’ consolidated financial statements (in thousands). | ||||||||||||||||||||||||
| Real Estate | Hotel | Entertainment | Commercial Leasing | Eliminations and Otherb | Total | |||||||||||||||||||
| Operationsa | ||||||||||||||||||||||||
| Three Months Ended September 30, 2014: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 6,562 | $ | 9,714 | $ | 3,659 | $ | 1,695 | $ | — | $ | 21,630 | ||||||||||||
| Intersegment | 24 | 85 | 12 | 131 | (252 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 5,494 | 7,548 | 3,066 | 1,069 | (109 | ) | 17,068 | |||||||||||||||||
| Depreciation | 53 | 1,460 | 313 | 452 | (37 | ) | 2,241 | |||||||||||||||||
| Litigation settlement | (1,506 | ) | — | — | — | — | (1,506 | ) | ||||||||||||||||
| General and administrative expenses | 1,344 | 83 | 31 | 412 | (129 | ) | 1,741 | |||||||||||||||||
| Operating income (loss) | $ | 1,201 | $ | 708 | $ | 261 | $ | (107 | ) | $ | 23 | $ | 2,086 | |||||||||||
| Capital expendituresc | $ | 22,794 | $ | 57 | $ | 23 | $ | 1,230 | $ | — | $ | 24,104 | ||||||||||||
| Total assets at September 30, 2014 | 179,741 | 112,747 | 51,418 | 49,630 | (5,598 | ) | 387,938 | |||||||||||||||||
| Three Months Ended September 30, 2013: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 10,810 | $ | 8,312 | $ | 3,310 | $ | 1,391 | $ | — | $ | 23,823 | ||||||||||||
| Intersegment | 9 | 59 | 37 | 121 | (226 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 6,954 | 6,893 | 3,035 | 666 | (69 | ) | 17,479 | |||||||||||||||||
| Depreciation | 58 | 1,501 | 309 | 421 | (37 | ) | 2,252 | |||||||||||||||||
| General and administrative expenses | 1,362 | 68 | 27 | 273 | (152 | ) | 1,578 | |||||||||||||||||
| Operating income (loss) | $ | 2,445 | $ | (91 | ) | $ | (24 | ) | $ | 152 | $ | 32 | $ | 2,514 | ||||||||||
| Capital expendituresc | $ | 5,326 | $ | 12 | $ | 180 | $ | 167 | $ | — | $ | 5,685 | ||||||||||||
| Total assets at September 30, 2013 | 170,243 | 116,959 | 48,217 | 46,913 | (5,924 | ) | 376,408 | |||||||||||||||||
| Real Estate | Hotel | Entertainment | Commercial Leasing | Eliminations and Otherb | Total | |||||||||||||||||||
| Operationsa | ||||||||||||||||||||||||
| Nine Months Ended September 30, 2014: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 18,817 | $ | 31,086 | $ | 12,659 | $ | 4,888 | $ | — | $ | 67,450 | ||||||||||||
| Intersegment | 71 | 314 | 30 | 386 | (801 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 14,060 | 22,822 | 9,733 | 2,521 | (355 | ) | 48,781 | |||||||||||||||||
| Depreciation | 166 | 4,390 | 943 | 1,325 | (111 | ) | 6,713 | |||||||||||||||||
| Litigation and insurance settlements | (2,082 | ) | — | — | — | — | (2,082 | ) | ||||||||||||||||
| General and administrative expenses | 4,437 | 298 | 110 | 1,358 | (441 | ) | 5,762 | |||||||||||||||||
| Operating income | $ | 2,307 | $ | 3,890 | $ | 1,903 | $ | 70 | $ | 106 | $ | 8,276 | ||||||||||||
| Capital expendituresc | $ | 47,611 | $ | 133 | $ | 55 | $ | 2,075 | $ | — | $ | 49,874 | ||||||||||||
| Nine Months Ended September 30, 2013: | ||||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||
| Unaffiliated customers | $ | 57,715 | $ | 28,207 | $ | 9,942 | $ | 3,943 | $ | — | $ | 99,807 | ||||||||||||
| Intersegment | 49 | 191 | 60 | 402 | (702 | ) | — | |||||||||||||||||
| Cost of sales, excluding depreciation | 46,795 | 21,705 | 8,524 | 2,053 | (219 | ) | 78,858 | |||||||||||||||||
| Depreciation | 181 | 4,536 | 926 | 1,258 | (111 | ) | 6,790 | |||||||||||||||||
| Insurance settlement | (1,785 | ) | — | — | — | — | (1,785 | ) | ||||||||||||||||
| General and administrative expenses | 4,526 | 258 | 101 | 900 | (429 | ) | 5,356 | |||||||||||||||||
| Operating income | $ | 8,047 | $ | 1,899 | $ | 451 | $ | 134 | $ | 57 | $ | 10,588 | ||||||||||||
| Capital expendituresc | $ | 14,054 | $ | 15 | $ | 299 | $ | 677 | $ | — | $ | 15,045 | ||||||||||||
| a. | Includes sales commissions and other revenues together with related expenses. | |||||||||||||||||||||||
| b. | Includes eliminations of intersegment amounts, including the deferred development fee income between Stratus and the Block 21 Joint Venture (see Note 3). | |||||||||||||||||||||||
| c. | Also includes purchases and development of residential real estate held for sale. | |||||||||||||||||||||||
Earnings_Per_Share_Unaudited_D
| Earnings Per Share (Unaudited) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
| In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |||
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | |||
| Net income (loss) | $778 | ($997) | $4,934 | $3,801 | |||
| Net (income) loss attributable to noncontrolling interests in subsidiaries | -181 | 957 | -3,021 | -2,056 | |||
| Net income (loss) attributable to Stratus common stock | $597 | ($40) | $1,913 | $1,745 | |||
| Weighted-average shares of common stock outstanding | 8,032,000 | 8,057,000 | 8,037,000 | 8,087,000 | |||
| Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share | 8,067,000 | 8,057,000 | 8,078,000 | 8,118,000 | |||
| Diluted net income per share attributable to Stratus common stock | $0.07 | $0 | $0.24 | $0.22 | |||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 30,000 | 100,000 | 30,000 | 1,700 | |||
| Outstanding Stock Options With Exercise Prices Greater Than Average Market Price Of Common Stock | 56,900 | ' | 37,700 | 65,800 | |||
| Weighted Average Exercise Price Of Outstanding Stock Options | $21.54 | ' | $24.35 | $20.65 | |||
| Dilutive Stock Options [Member] | ' | ' | ' | ' | |||
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | |||
| Incremental Common Shares Attributable to Share-based Payment Arrangements | 7,000 | 0 | 12,000 | 7,000 | [1] | ||
| Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' | |||
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | |||
| Incremental Common Shares Attributable to Share-based Payment Arrangements | 28,000 | [2] | 0 | 29,000 | [2] | 24,000 | |
| [1] | Excludes approximately 1,700 shares of common stock associated with outstanding stock options with exercise prices less than the average market price of Stratus' common stock that were anti-dilutive based on the treasury stock method. | ||||||
| [2] | Excludes 30,000 shares of common stock associated with restricted stock units that were anti-dilutive based on the treasury stock method. | ||||||
Joint_Venture_With_CanyonJohns2
| Joint Venture With Canyon-Johnson Urban Fund II, L.P. (Unaudited) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
| W Austin Hotel & Residences [Member] | W Austin Hotel & Residences [Member] | W Austin Hotel & Residences [Member] | W Austin Hotel & Residences [Member] | W Austin Hotel & Residences [Member] | W Austin Hotel & Residences [Member] | ||||
| Stratus Properties Inc [Member] | Stratus Properties Inc [Member] | Canyon Johnson Urban Fund II, L.P. [Member] | Canyon Johnson Urban Fund II, L.P. [Member] | ||||||
| Noncontrolling Interest, Ownership Percentage by Parent | ' | ' | ' | ' | ' | 40.00% | 40.00% | ' | ' |
| Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | ' | ' | ' | ' | ' | ' | ' | 60.00% | 60.00% |
| Cumulative Capital Contributions | ' | ' | ' | ' | ' | $71,900,000 | $71,900,000 | $94,000,000 | $94,000,000 |
| Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | ' | ' | ' | ' | ' | 500,000 | 3,100,000 | 700,000 | 4,300,000 |
| Minority Interest Cumulative Distributions to Noncontrolling Interest Holders | ' | ' | ' | ' | ' | 47,800,000 | 47,800,000 | 54,900,000 | 54,900,000 |
| Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Cash and cash equivalents | 26,676,000 | 21,307,000 | ' | 21,184,000 | 13,192,000 | ' | ' | ' | ' |
| Restricted cash | 6,264,000 | 5,077,000 | ' | 5,730,000 | 5,069,000 | ' | ' | ' | ' |
| Real estate held for sale | 16,407,000 | 18,133,000 | ' | 5,851,000 | 10,942,000 | ' | ' | ' | ' |
| Real estate held for investment, net | 177,913,000 | 182,530,000 | ' | 152,233,000 | 157,541,000 | ' | ' | ' | ' |
| Other assets | 19,599,000 | 17,174,000 | ' | 7,068,000 | 7,631,000 | ' | ' | ' | ' |
| Total assets | 387,938,000 | 346,943,000 | 376,408,000 | 192,066,000 | 194,375,000 | ' | ' | ' | ' |
| Liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Accounts payable | 7,866,000 | 5,143,000 | ' | 2,804,000 | 3,428,000 | ' | ' | ' | ' |
| Accrued liabilities | 8,388,000 | 9,360,000 | ' | 6,075,000 | 6,856,000 | ' | ' | ' | ' |
| Debt | 187,782,000 | 151,332,000 | ' | 98,648,000 | 99,754,000 | ' | ' | ' | ' |
| Other liabilities | 14,678,000 | 11,792,000 | ' | 7,394,000 | 4,761,000 | ' | ' | ' | ' |
| Total liabilities | 218,714,000 | 177,627,000 | ' | 114,921,000 | 114,799,000 | ' | ' | ' | ' |
| Net assets | ' | ' | ' | $77,145,000 | $79,576,000 | ' | ' | ' | ' |
| General Partners' Cumulative Earnings | ' | ' | ' | ' | ' | 42.00% | 42.00% | 58.00% | 58.00% |
Joint_Venture_with_LCHM_Holdin1
| Joint Venture with LCHM Holdings, LLC (Details) (LCHM Holdings, LLC [Member]) | 3 Months Ended |
| Mar. 31, 2014 | |
| LCHM Holdings, LLC [Member] | ' |
| Variable Interest Entity [Line Items] | ' |
| Date of Transaction for Acquisition or Disposal | 3-Mar-14 |
| Shares Transferred | 625,000 |
| Effective Date of Assignment | 15-Mar-12 |
Fair_Value_Measurements_Unaudi2
| Fair Value Measurements (Unaudited) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
| Carrying Amount, Fair Value Disclosure [Member] | Carrying Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Cap [Member] | |
| Estimate of Fair Value, Fair Value Disclosure [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Parkside Village Loan [Member] | Bank of America Loan [Member] | Bank of America Loan [Member] | Bank of America Loan [Member] | Bank of America Loan [Member] | |||
| Year 1 [Member] | Year 2 [Member] | Year 3 [Member] | |||||||
| Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Interest rate cap agreement | $115,000 | $351,000 | $115,000 | $351,000 | ' | ' | ' | ' | ' |
| Interest rate swap agreement | 369,000 | 32,000 | 369,000 | 32,000 | ' | ' | ' | ' | ' |
| Debt | 187,782,000 | 151,332,000 | 188,083,000 | 151,584,000 | ' | ' | ' | ' | ' |
| Debt Instrument, Issuance Date | ' | ' | ' | ' | 13-Dec-13 | 30-Sep-13 | ' | ' | ' |
| Payment for Interest Rate Cap Agreement | ' | ' | ' | ' | ' | $500,000 | ' | ' | ' |
| Debt Instrument, Description of Variable Rate Basis | ' | ' | ' | ' | 'LIBOR | 'LIBOR | ' | ' | ' |
| Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | 2.30% | ' | 1.00% | 1.50% | 2.00% |
| Debt Instrument, Interest Rate, Effective Percentage | ' | ' | ' | ' | 4.80% | ' | ' | ' | ' |
| Debt Instrument, Maturity Date | ' | ' | ' | ' | 31-Dec-20 | ' | ' | ' | ' |
Debt_and_Equity_Transactions_U1
| Debt and Equity Transactions (Unaudited) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 3 Months Ended | 1 Months Ended | ||||||||||
| Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Jul. 31, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2014 | Aug. 31, 2019 | Aug. 31, 2019 | Aug. 01, 2019 | Sep. 30, 2014 | Sep. 30, 2014 | |
| Lakeway Center Construction Loan [Member] | Lakeway Center Construction Loan [Member] | Magnolia Term Loan [Member] | Slaughter Term Loan [Member] | Slaughter Term Loan [Member] | Barton Creek Village [Member] | Barton Creek Village [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Option 1 [Member] | Option 2 [Member] | PlainsCapital Bank [Member] | Southside Bank [Member] | ||||||
| acre | Magnolia Term Loan [Member] | Slaughter Term Loan [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Lakeway Center Construction Loan [Member] | Lakeway Center Construction Loan [Member] | ||||||||||||
| acre | Slaughter Term Loan [Member] | Slaughter Term Loan [Member] | ||||||||||||||||
| Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Issuance Date | ' | ' | ' | ' | ' | 29-Sep-14 | ' | 15-Sep-14 | 18-Jul-14 | ' | 27-Jun-14 | ' | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Face Amount | ' | ' | ' | ' | ' | $62,900,000 | ' | $3,800,000 | $7,000,000 | ' | $6,000,000 | ' | ' | ' | ' | ' | ' | ' |
| Area of Land | ' | ' | ' | ' | ' | ' | ' | 142 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Area of Land Sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18 | ' | ' | ' | ' | ' |
| Debt Instrument, Amount Committed by Third Party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,900,000 | 25,000,000 |
| Debt | 187,782,000 | ' | 187,782,000 | ' | 151,332,000 | 14,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Maturity Date | ' | ' | ' | ' | ' | 29-Sep-19 | 15-May-15 | 1-Oct-16 | 31-Jul-24 | 31-Jan-15 | 27-Jun-24 | 30-Jun-14 | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Maturity Date Range, End | ' | ' | ' | ' | ' | ' | ' | 1-Oct-17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Maturity Date, Extension Date, End | ' | ' | ' | ' | ' | ' | ' | 1-Jul-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | 7.00% | 4.50% | ' | 4.19% | ' | ' | ' | ' | 4.95% | ' | ' |
| Extinguishment of Debt, Amount | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | 5,000,000 | ' | 4,300,000 | ' | ' | ' | ' | ' | ' | ' |
| Interest Costs Incurred | 2,000,000 | 2,900,000 | 5,600,000 | 8,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Interest Costs Capitalized | 1,100,000 | 1,100,000 | 2,800,000 | 2,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Stock Repurchased During Period, Shares | ' | ' | 36,900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Stock Repurchased During Period, Value | ' | ' | $600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Treasury Stock Acquired, Average Cost Per Share | ' | ' | $17.26 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
| Interest Rate, Effective Date | ' | ' | ' | ' | ' | ' | ' | ' | 31-Jul-19 | ' | ' | ' | ' | 1-Aug-19 | ' | ' | ' | ' |
| Debt Instrument, Description of Variable Rate Basis | ' | ' | ' | ' | ' | 'one-month LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | 'prime interest rate | ' | ' | ' |
| Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | 1.25% | ' | ' | ' |
Income_Taxes_Unaudited_Details
| Income Taxes (Unaudited) (Details) (USD $) | 9 Months Ended | ||
| In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
| Income Tax Disclosure [Abstract] | ' | ' | ' |
| Deferred Tax Assets, Net of Valuation Allowance | $0.30 | ' | $0.30 |
| Federal Statutory Income Tax Rate | 35.00% | 35.00% | ' |
Business_Segments_Unaudited_De
| Business Segments (Unaudited) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||||
| In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | $21,630 | $23,823 | $67,450 | $99,807 | ' | ||||
| Intersegment | 0 | 0 | 0 | 0 | ' | ||||
| Cost of sales, excluding depreciation | 17,068 | 17,479 | 48,781 | 78,858 | ' | ||||
| Depreciation | 2,241 | 2,252 | 6,713 | 6,790 | ' | ||||
| Litigation and insurance settlements | -1,506 | 0 | -2,082 | -1,785 | ' | ||||
| General and administrative expenses | 1,741 | 1,578 | 5,762 | 5,356 | ' | ||||
| Operating income (loss) | 2,086 | 2,514 | 8,276 | 10,588 | ' | ||||
| Capital expenditures | 24,104 | [1] | 5,685 | [1] | 49,874 | [1] | 15,045 | [1] | ' |
| Total assets | 387,938 | 376,408 | 387,938 | 376,408 | 346,943 | ||||
| Real Estate Operations [Member] | ' | ' | ' | ' | ' | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | 6,562 | [2] | 10,810 | [2] | 18,817 | [2] | 57,715 | [2] | ' |
| Intersegment | 24 | [2] | 9 | [2] | 71 | [2] | 49 | [2] | ' |
| Cost of sales, excluding depreciation | 5,494 | [2] | 6,954 | [2] | 14,060 | [2] | 46,795 | [2] | ' |
| Depreciation | 53 | [2] | 58 | [2] | 166 | [2] | 181 | [2] | ' |
| Litigation and insurance settlements | -1,506 | [2] | ' | -2,082 | [2] | -1,785 | [2] | ' | |
| General and administrative expenses | 1,344 | [2] | 1,362 | [2] | 4,437 | [2] | 4,526 | [2] | ' |
| Operating income (loss) | 1,201 | [2] | 2,445 | [2] | 2,307 | [2] | 8,047 | [2] | ' |
| Capital expenditures | 22,794 | [1],[2] | 5,326 | [1],[2] | 47,611 | [1],[2] | 14,054 | [1],[2] | ' |
| Total assets | 179,741 | [2] | 170,243 | [2] | 179,741 | [2] | 170,243 | [2] | ' |
| Hotel [Member] | ' | ' | ' | ' | ' | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | 9,714 | 8,312 | 31,086 | 28,207 | ' | ||||
| Intersegment | 85 | 59 | 314 | 191 | ' | ||||
| Cost of sales, excluding depreciation | 7,548 | 6,893 | 22,822 | 21,705 | ' | ||||
| Depreciation | 1,460 | 1,501 | 4,390 | 4,536 | ' | ||||
| Litigation and insurance settlements | 0 | ' | 0 | 0 | ' | ||||
| General and administrative expenses | 83 | 68 | 298 | 258 | ' | ||||
| Operating income (loss) | 708 | -91 | 3,890 | 1,899 | ' | ||||
| Capital expenditures | 57 | [1] | 12 | [1] | 133 | [1] | 15 | [1] | ' |
| Total assets | 112,747 | 116,959 | 112,747 | 116,959 | ' | ||||
| Entertainment [Member] | ' | ' | ' | ' | ' | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | 3,659 | 3,310 | 12,659 | 9,942 | ' | ||||
| Intersegment | 12 | 37 | 30 | 60 | ' | ||||
| Cost of sales, excluding depreciation | 3,066 | 3,035 | 9,733 | 8,524 | ' | ||||
| Depreciation | 313 | 309 | 943 | 926 | ' | ||||
| Litigation and insurance settlements | 0 | ' | 0 | 0 | ' | ||||
| General and administrative expenses | 31 | 27 | 110 | 101 | ' | ||||
| Operating income (loss) | 261 | -24 | 1,903 | 451 | ' | ||||
| Capital expenditures | 23 | [1] | 180 | [1] | 55 | [1] | 299 | [1] | ' |
| Total assets | 51,418 | 48,217 | 51,418 | 48,217 | ' | ||||
| Commercial Leasing [Member] | ' | ' | ' | ' | ' | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | 1,695 | 1,391 | 4,888 | 3,943 | ' | ||||
| Intersegment | 131 | 121 | 386 | 402 | ' | ||||
| Cost of sales, excluding depreciation | 1,069 | 666 | 2,521 | 2,053 | ' | ||||
| Depreciation | 452 | 421 | 1,325 | 1,258 | ' | ||||
| Litigation and insurance settlements | 0 | ' | 0 | 0 | ' | ||||
| General and administrative expenses | 412 | 273 | 1,358 | 900 | ' | ||||
| Operating income (loss) | -107 | 152 | 70 | 134 | ' | ||||
| Capital expenditures | 1,230 | [1] | 167 | [1] | 2,075 | [1] | 677 | [1] | ' |
| Total assets | 49,630 | 46,913 | 49,630 | 46,913 | ' | ||||
| Eliminations and Other [Member] | ' | ' | ' | ' | ' | ||||
| Revenues: | ' | ' | ' | ' | ' | ||||
| Unaffiliated customers | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | ' |
| Intersegment | -252 | [3] | -226 | [3] | -801 | [3] | -702 | [3] | ' |
| Cost of sales, excluding depreciation | -109 | [3] | -69 | [3] | -355 | [3] | -219 | [3] | ' |
| Depreciation | -37 | [3] | -37 | [3] | -111 | [3] | -111 | [3] | ' |
| Litigation and insurance settlements | 0 | [3] | ' | 0 | [3] | 0 | [3] | ' | |
| General and administrative expenses | -129 | [3] | -152 | [3] | -441 | [3] | -429 | [3] | ' |
| Operating income (loss) | 23 | [3] | 32 | [3] | 106 | [3] | 57 | [3] | ' |
| Capital expenditures | 0 | [1],[3] | 0 | [1],[3] | 0 | [1],[3] | 0 | [1],[3] | ' |
| Total assets | ($5,598) | [3] | ($5,924) | [3] | ($5,598) | [3] | ($5,924) | [3] | ' |
| [1] | Also includes purchases and development of residential real estate held for sale. | ||||||||
| [2] | Includes sales commissions and other revenues together with related expenses. | ||||||||
| [3] | Includes eliminations of intersegment amounts, including the deferred development fee income between Stratus and the Block 21 Joint Venture (see Note 3). | ||||||||