1 Waterwood
Huntsville, TX 77320
242.00 acres | #84493956
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.
Interior Details
- Bathrooms0.00
Property Details
- Lot Description50 or more Acres
Measurements
- Acres242
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility SourceWater District
Community and Neighborhood Details
- SubdivisionWaterwood
Location
- School District101 - Coldspring-Oakhurst Consolidated
- High SchoolCOLDSPRING-OAKHURST HIGH SCHOOL
- Elementary SchoolJAMES STREET ELEMENTARY SCHOOL
- Middle SchoolLincoln Junior High School
- CountySan Jacinto
Financial Details
- Taxes Annual$1,427
Other
- MLS #84493956
Location
Legal
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Last Updated: . Source: HARMLS
Listing Courtesy
Listing Agent: Alfred Rincon (#arincon)
Listing Office: Keller Williams Advantage Realty (#KWLC01)
