1 Waterwood , Huntsville, TX 77320
Huntsville, TX 77320
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.
Details
| MLS# | 84493956 |
|---|---|
| Listing Type | For Sale |
| Style | Land |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 1203 |
| Listing Provided By | Keller Williams Advantage Realty | Alfred Rincon |
Features
| Acreage | 242.00 |
|---|
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Learn More About This Property
| State | TX |
|---|---|
| County | San Jacinto |
| City | Huntsville |
| Zip Code | 77320 |
| Area | 64 |
| Subarea | Lake Livingston Area |
| Community Name | Waterwood |
| Listing VS Median (in Waterwood) | |
Price: $14,000,000 low | high Med: $92,000 On Site: 1203 low | high Med: 99.000000 | |
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
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