1 Waterwood, Huntsville, Texas 77320

$14,000,000
List Price
$14,000,000
Status
ACTIVE
MLS#
84493956
Days on Market
1117
Lot Size
10,541,520
Lot Size Source
Appraisal District
Subdivision
Waterwood
Region
64
Market Area
Lake Livingston Area
County
San Jacinto

Property Description

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.

Additional Information

Taxes
$1,427
Tax Rate
2.4683
Tax Year
2020
Neighborhood
Waterwood
Water Sewer
Water District
School District
Coldspring-Oakhurst Consolidated
Elementary School
James Street Elementary School
Middle School
Lincoln Junior High School
High School
Coldspring-Oakhurst High School
Legal
A239 ISSAC PRATER, TRACT 2.5, 2.6, 2.7, ACRES 87.942

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Advantage Realty.