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.
Beds & Baths
- Lot description:50 or more Acres
Type & Style
- Property type:Purchase
Utilities / Energy Details
- Utility source:Water District
Community and Neighborhood Details
- School district:101 - Coldspring-Oakhurst Consolidated
- Elementary School:JAMES STREET ELEMENTARY SCHOOL
- Middle School:Lincoln Junior High School
- High School:COLDSPRING-OAKHURST HIGH SCHOOL
- County:San Jacinto
- MLS #:84493956
- Annual Taxes:$1, 427
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Last Updated: . Source: HARMLS
Listing Agent: Alfred Rincon (#arincon)
Listing Office: Keller Williams Advtge Realty (#KWLC01)
Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance!