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1 Waterwood Parkway
Huntsville, TX 77320

Waterwood National Resort Golf & Marina · Land For Sale · 242.30 AC

Investment Highlights

  • Lake Livingston Waterfront Resort Property
  • Marina w/Potentially 100 Covered Boat Slips, Store, & Waterfront Dining $989k NOI
  • Potential RV Park with up to 300 RV spaces. Estimated NOI $1.5 Million
  • Former PGA Tour Qualifier Golf Course
  • Waterfront Golf Holes Convertible to 1/2 Acre Waterfront Homes at $800k each for $24 Million in Revenue
  • Golf Course Possibly Reconfigured to 12 Hole + 6 Par 3 Executive Course

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Golf Course or Driving Range
  • Lodge or Meeting Hall
  • Marina
  • Single Family Development
  • Specialty, Festival or Entertainment
  • Trailer or Camper Park
Total Lot Size 242.30 AC
Cross Streets FM 980

Description

The Waterwood Project is comprised of approximately 242 acres of land adjacent to Lake Livingston located 85 miles North of Houston, Texas. The property includes a 9.5 acre Marina, 204 acre Golf Course, 21 acre Camp Ground, and 7.5 acre Residential Tract. Lake Livingston is the largest single-purpose reservoir in Texas at approximately 91,000 surface acres. Waterwood has direct access to scenic Lake Livingston and is anchored by the former PGA Tour Qualifying Golf Course, Waterwood National. The course was designed by renowned Architect, Mr. Pete Dye, who was also instrumental in designing many other PGA courses across the United States including TPC Sawgrass in Ponte Vedra and Harbour Town Golf Links on Hilton Head Island. Waterwood National was originally opened in the late 1970's and boasted the #1 rated golf course in Texas for several years. Many PGA Tour Players earned their tour cards at Waterwood and 5 went on to win major championships during their careers. In the 2009 the owners closed the course to the public and negotiated an arrangement with the community members to manage the maintenance of the course and keep it in playable condition. In exchange, the members would continue to enjoy the property and play golf. The Waterwood community remains one of the strongest deed-restricted properties on Lake Livingston and currently has 450-500 permanent residents and approximately 1200 developed homesites available to build upon. From a Broker's perspective, I've seen a new and recent surge in visibility in Waterwood, and I have sold an increasing number of waterfront properties in the community in recent years.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 45326
  • 89036
  • 47886
  • 89038
Land Assessment
$287,003
Improvements Assessment
$24,994
Total Assessment
$358,124

zoning

Zoning Code F1
F1
  • Listing ID: 23386647

  • Date on Market: 2021-06-12

  • Last Updated:

  • Address: 1 Waterwood Parkway, Huntsville, TX 77320

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