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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.
General Information
Sale Price: $14,000,000
Price/SqFt:
Status:
MLS#: 84493956
Post Office: huntsville
Acres: 242
Bedrooms:0
Bathrooms:0
House Size:
Acreage: 242 est.
Year Built: 0
Property Type: Country Homes/Acreage
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No Garage
Basement: No
Waste: Water District
Watersource: Water District
Community/Association Features
Tax, Fees & Legal
Legal Description: A239 ISSAC PRATER, TRACT 2.5, 2.6, 2.7, ACRES 87.942
Est. Winter Taxes: $1,427
HOA fees:
Copyright © 2024 Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified
Listing By: Alfred Rincon of Keller Williams Advantage Realty, Phone: 936-525-3200
