1 Waterwood

$14,000,000, 242 Acres

About This Property

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.

Essential Information

MLS® #84493956
Price$14,000,000
Bathrooms0.00
Acres242.00
TypeCountry Homes/Acreage
StatusActive

Community Information

Address1 Waterwood
Area64 - San Jacinto County
SubdivisionWaterwood
CityHuntsville
CountySan Jacinto
StateTexas
Zip Code77320

Interior

# of Stories0.00

School Information

ElementaryJAMES STREET ELEMENTARY SCHOOL
MiddleLINCOLN JUNIOR HIGH SCHOOL

District

101 - Coldspring-Oakhurst Consolidated

High

COLDSPRING-OAKHURST HIGH SCHOOL

Additional Information

Days on Website165

Listing Details

OfficeKeller Williams Signature

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Listing information last updated on December 6th, 2021 at 5:56pm CST.

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