Flyer – Eagle Mountian Lake – 9220 Live Oak – Ft Worth REVISED

Profile:
17.74 Acres of lakefront property ready for development. Existing plans called for 114 townhome units utilizing approximately 11 acres with considerable open space.

Location:
Eagle Mountain Lake unincorporated community just 10 miles north of downtown Fort Worth. Immediately adjacent to the marina, the topography enhances the waterfront views.

Zoning:
Apartments, Townhomes, Single Family, or anything else! This site is in an unincorporated community and is not restricted by any city’s zoning ordinances.

Construction:
All utilities are already available on the property. A few streets and a retaining wall have been completed.

Notes:
MAI valued As Completed with 114 TH units at over $8.3 Million as of Feb 2011.

Oil & Gas:
Existing gas well on the site is producing approx. $6,000 yearly.  Discounted cash flow with 2 more wells drilled is valued at $255,000.

For Sale:
$1,300,000 or ONLY$1.69 per square foot.