1 Waterwood, Huntsville, TX 77320 - MLS#84493956

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Texas Key Holders Real Estate

info@texaskeyholders.com +1(346) 382-3001

$14,000,000

Est. payment - /mo

242 Acres Lot

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UPDATED:

03/03/2024 09:00 PM

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

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Houston Association of Realtors (HAR MLS)

Listed by Keller Williams Advantage Realty

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Texas Key Holders Real Estate

+1(346) 382-3001

Broker | License ID: 9009444

Broker License ID: 9009444

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