$14,000,000
242± Acres
Active
San Jacinto County, TX

1 Waterwood, Huntsville, Texas

MLS ID: 84493956
Status: Active
Price: $14,000,000
Acres: 242±
Type: Land
Address: 1 Waterwood
City, State: Huntsville, TX
County: San Jacinto County
ZIP Code: 77320
Parcel Number: 89033

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.

Directions: 45 N. East on HWY 190. North on Waterwood Parkway for 8 miles

Additional Information

Exterior

Lot Size Source: Appraiser
Lot Size Units: Square Feet
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Water Source: Public

Financial/HOA/Schools

Additional Parcels: 89038, 89036
Days On Market: 890
Elementary School: JAMES STREET ELEMENTARY SCHOOL
Elementary School District: 101 - Coldspring-Oakhurst Consolidated
Middle School: LINCOLN JUNIOR HIGH SCHOOL
Middle School District: 101 - Coldspring-Oakhurst Consolidated
High School: COLDSPRING-OAKHURST HIGH SCHOOL
High School District: 101 - Coldspring-Oakhurst Consolidated
Subdivision Name: Waterwood
Tax Annual Amount: 1427

Extra Information

Disclosures: Municipal Utility District Disclosure
Coy Romine

Coy Romine

Schulenburg, Texas

(979) 743-4555

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Listed By: Alfred Rincon of Keller Williams Advantage Realty - (713) 560-8972