1 Waterwood, Huntsville, Texas

$14,000,000

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242.00

Acres

About 1 Waterwood

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.

Features of 1 Waterwood

MLS® # 84493956
Price $14,000,000
Bathrooms 0.00
Acres 242.00
Type Country Homes/Acreage
Status Active

Community Information

Address 1 Waterwood
Area 64 - San Jacinto County
Subdivision Waterwood
City Huntsville
County San Jacinto
State Texas
Zip Code 77320

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 0.00

School Information

District 101 - Coldspring-Oakhurst Consolidated
Elementary JAMES STREET ELEMENTARY SCHOOL
Middle LINCOLN JUNIOR HIGH SCHOOL
High COLDSPRING-OAKHURST HIGH SCHOOL

Additional Information

Days on Website 1030
Foreclosure No
Short Sale No

Listing Details

OfficeKeller Williams Advantage Realty

Listing Map

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