Avocet Beachfront Development For Sale
The Avocet development may represent the best turn-key or long-term investment opportunity of its kind on the Texas Gulf Coast. The project consists of 413 Lots planned and approved with all entitlements in place. Phase One infrastructure nearly complete - concrete roads, sewer and water connections in place for 207 lots and a beautifully completed Marketing Center. Phase Two is planned and ready for development. Phase Two could also be redesigned thus allowing flexibility for the buyer. Some potential options include condos, townhomes and mixed use.
• +/-148 Acres Total on the Bolivar Peninsula in the emerging market of Galveston County
• PURCHASE TOGETHER OR SEPARATELY
• Phase 1 = +/- 74 Acres $18,000,000
• Phase 2 = +/- 74 Acres $12,000,000
• Phase 1 + Phase 2 = $28,000,000
• 2,600 FT of beach frontage on the Gulf of Mexico
• 413 Lots planned and approved with all entitlements
• 207 Lots in Phase 1 nearly complete
• 22 Lots sold
• Grandfathered from CBRA Zone – Phase 1
• Bolivar Beaches are stable with dunes that are some of the largest natural barriers on the Texas Coast and rated best in Texas for cleanliness
• Highest rental rates for beachfront properties in Texas
• Adjacent to 9 Hole Golf Course
• Attractive Marketing Center on site
• Terms - Cash
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