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.
- Price:
- $14,000,000
- Acreage:
- 242.00
- Listing ID #:
- 84493956
- Street Address:
- 1 Waterwood Parkway
- City:
- Huntsville
- State:
- Texas
- Postal Code:
- 77320
- County:
- San Jacinto
- Community:
- 64
- Subarea:
- Lake Livingston Area
- Subdivision:
- Waterwood
- Listing Status:
- Active
- Listing Type:
- Country Homes/Acreage
School District: Coldspring
6-8
340 students
15 student/teacher
9-12
465 students
10 student/teacher
- Approximate Lot Size Range Source:
- Appraisal District
- Existing Land Use:
- Resort
- Road Frontage:
- County Maintained
- Road Surface:
- Asphalt
- Days On Market:
- 706
- Property Taxes:
- $1,427
- Tax Year:
- 2020
- Sewage Type:
- Water District
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Alfred Rincon 936-525-3200 with Keller Williams Advtge Realty
