1 Waterwood Huntsville, TX 77320
Estimated payment $78,109/month
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,427
Lot Details
- 242 Acre Lot
- Additional Parcels
Schools
- James Street Elementary School
- Lincoln Junior High School
- Coldspring-Oakhurst High School
Community Details
- Waterwood Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/22/2021 06/22/21 | For Sale | $14,000,000 | -- | -- |
Source: Houston Association of REALTORS®
MLS Number: 84493956

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