FM 1431 , Marble Falls, TX 78654(Burnet County)

The Waterford Texas development is owned by two separate entities and is being sold as one large planned residential community. The property is partially developed and has infrastructure improvements including roads and electric lines throughout phase 1 of the development. A water treatment facility will need to be built to further complete phase 1 utilities. Water supplies are provided by LCRA and are secured by two firm water contracts granting the property the right to a maximum of 300 acre-feet (97,755,300 gallons) of water per year for irrigation uses and a maximum of 471 acre-feet (153,475,821 gallons) of water per year for domestic uses. Waterford Texas features a newly completed 18-hole golf course designed by the award winning Bechtol Russell Golf Design. The golf course encompasses 230 acres of land commencing at the northern border of the property and travels southward through a diverse Hill Country landscape that contains native post oaks, live oaks, cedar, eye-catching elevated vistas and topography, breathtaking deep meadows and creek crossings, ultimately concluding at the southern boundary of the property overlooking Lake Travis. Future development plans included a 26.5 acre marina on the southeast corner of the property that has yet to be approved.

The total offering includes phase 1 and phase 2 of Waterford Texas totaling 576 acres. Phase 1 includes a total of 429 acres that have been developed with partially improved lots and the Roy Bechtol designed golf course. Of the 429 acres, 164 acres are subdivided into 157 developed lots and 21.5 acres of undeveloped lots. These lots are categorized as Founder Lots, Single Family Lots, and Cluster Lots all of which already have road and utility infrastructure in place. The planned 8.3 acre amenity center and 26.5 acre planned marina area makes up the remainder of phase 1. Phase 2 is an additional 147 acres and once it is developed will encompass the lake front lots as well as the majority of the golf frontage lots.

OPPORTUNITY:

Waterford represents a unique opportunity to complete development on one of Lake Travis most beautiful golf communities. The project was originally launched in late 2007 and was well received with its offering of custom home sites set among mature post oaks with long range views of the lake. The market downturn left the original developer unable to complete the development and the property went through foreclosure, the property is currently investor owned. Waterford Texas is a truly an extraordinary occasion to benefit from the existing value of a completed golf course that has had $40,000,000 in capital invested in its infrastructure. This feature coupled with the opportunity to obtain partially finished and platted lots allows for a low cost of entry and makes Waterford Texas an overall incredible asset.

ASKING PRICE:

$10,000,000

UTILITIES:

The property has an approved Municipal Utility District with the Texas Commission on Environmental Quality with $59,770,000 authorized to finance water, sewer, drainage facilities and other utility infrastructure costs, all of which is reimbursable upon issuance of district bonds. Utilities for phase 1 are partially completed, as the property still requires a water treatment facility. Utilities are available for phase 2, but is still in the undeveloped stage.