$14,000,000

242 AC LOT

1 waterwood

Huntsville, TX 77320

$14,000,000

242 AC LOT
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Acreage 242
Status Active
MLS # 84493956
County San Jacinto
More Info
Status Active
Acreage 242
MLS # 84493956
County San Jacinto
The Waterwood Project includes 242 acres of land adjacent to Lake Livingston. The property includes a 9.5 acre Marina, 204 acre Golf Course, 21 acre Camp Ground, and 7.5 acre Residential Tract. Waterwood has direct access to Lake Livingston. The Marina may be enhanced to include boat launch facilities, store, fuel, RVs, 100 boat slips, dining, PWC rentals, 100 RV sites, and picnic area. Estimate $3.5 capital investment, w/$989k NOI. Golf Course Options A)Renovate and Open. Estimate $2.5 - $3.4 million for the reno, $2 million revenue, NOI of $220k in year 1, escalating to $1.2 in years 5+. B)Reconfigure the waterfront acreage to accommodate up to 30 waterfront and 12 waterview homes. At a price range between $600k - $800k, total revenue estimates = $31 Million. The 21 acre Pools Creek Camp Ground facility. Estimated 300 RV spaces NOI of $1,500,000. 1600' of frontage on Hwy 980. The 7 acre frontage on Country Club Drive were originally platted for Luxury Townhomes.
Location not available
  • Garage No
  • Garage Description N/A
  • Water Water District
  • Sewer Water District
  • Subdivision Waterwood
  • School Disrict 101 - Coldspring-Oakhurst Consolidated
  • Elementary School JAMES STREET ELEMENTARY SCHOOL
  • Middle School LINCOLN JUNIOR HIGH SCHOOL
  • High School COLDSPRING-OAKHURST HIGH SCHOOL
  • Parcel ID 89033

Listing Information

Listing Provided Courtesy of Keller Williams Advtge Realty
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Listing data is current as of 01/29/2023.