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$ 14,000,000
Est. payment | /mo
242 Acres Lot
$ 14,000,000
Est. payment | /mo
242 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Waterwood
MLS Listing ID 84493956
Annual Tax Amount $1,427
Tax Year 2020
Lot Size 242.000 Acres
Acres 242.0
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.
Location
State TX
County San Jacinto
Area Lake Livingston Area
Exterior
Private Pool No
Building
Lot Size Range 50 or more Acres
Water Water District
New Construction No
Schools
Elementary Schools James Street Elementary School
Middle Schools Lincoln Junior High School
High Schools Coldspring-Oakhurst High School
School District 101 - Coldspring-Oakhurst Consolidated
Others
Senior Community No
Tax ID 89033
Tax Rate 2.4683
Disclosures Mud
Special Listing Condition Mud
Listed by Keller Williams Advantage Realty
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