DBL Real Estate Properties Search
Listing ID84493956
Price$14,000,000
StatusActive
Acres
242
CountySan Jacinto
SubdivisionWaterwood
Property TypeCountry Homes/Acreage
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.
County
San Jacinto
Property Type
Country Homes/Acreage
Subdivision
Waterwood
Acres Description
50 or more Acres
Pool Private
no
Road Frontage
County Maintained
Road Surface
Asphalt
Area
64
Geo Market Area
Lake Livingston Area
Parcel Number
89033
School District
101 - Coldspring-Oakhurst Consolidated
Elementary School
JAMES STREET ELEMENTARY SCHOOL
High School
COLDSPRING-OAKHURST HIGH SCHOOL
Middle School
LINCOLN JUNIOR HIGH SCHOOL
Subdivision
WATERWOOD
Utility District
yes
Census Tract
2003
Disclosures
Mud
Land Use
Resort
Legal
A239 ISSAC PRATER, TRACT 2.5, 2.6, 2.7, ACRES 87.942
New Construction
no
Special Conditions
No Special Conditions
Compensation Buyer Agent
3%
Fee Other
no
Maintenance Fee
yes
Tax Amount
1427
Tax Rate
2.4683
Tax Year
2020
Water Sewer
Water District
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Contact - Listing ID 84493956
Don Hatcher
1702 E Main St
Madisonville, TX 77864
Phone: 9363489977
Phone Alt: 9363488388
Fax: 9363489979
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