Description

Developers and Investors: The time is right to build the Next Destination Resort on the Texas Coast on Guadalupe Bay. This Master planned canal-front 582-acre waterfront residential development parcel in Seadrift, Calhoun County, is the ideal size, in the right place and at a fraction of the cost of other waterfront locations in Texas. Seadrift is approximately 150 miles from Houston, Austin & San Antonio, one hour from Corpus Christi and 30 miles to Rockport. Fully entitled since 2008 but development was halted due to the Financial Crisis. With 4,650 ft. of waterfront on Victoria Barge Canal and San Antonio Bay and 3,500 ft. on State Hwy 185, the site is easily accessible from major highways. With elevations of 12 to 14 feet Mean Sea Level (MSL) put houses on slabs - no need for piers. New Land Plan and renewal of some permits needed prior to development. Either cut canals per the engineering drawings and/or install a Crystal Lagoon to attract families and provide the amenity voted most attractive for Residents & Visitors. A Municipal Utility District (MUD) has been formed that is authorized to issue up to $84 million in bonds to defray cost of development. A waterfront 3 bedroom, 2 bath, 2,160 sq. ft. two story house, two barns, cattle pens and fencing throughout and ag exemption with low property taxes. This property offers some of the best fishing the Texas Coast has to offer. Timing is perfect for both investors and developers. Sell or Develop this property and be primed for lot sales when the Federal Reserve eases interest rates and the U.S. recession comes to an end by Q1 of 2024. 100% minerals owned and will convey with property.