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FM 517 - Tres Rios 1,056 ac in League City & Santa Fe

1,056 Acres of Residential Land Offered at $40,128,000 in League City, TX 77573

Investment Highlights

  • Great exposure on FM 517 for possible main development entry
  • Agreement negotiated with the City of Santa Fe for annexation and in-city MUD
  • Owner is working on permit for Bay Area Blvd bridge over Dickinson Bayou
  • Future extension of Bay Area Blvd through the development from FM 517
  • MUD & TIRZ reimbursables available for water, sewer, drainage, roads and recreational areas
  • Limited wetlands and flood plain

Executive Summary

Great exposure on FM 517 for possible main development entry. Future extension of Bay Area Blvd through the development from FM 517. Agreement negotiated with the City of Santa Fe for annexation and in-city MUD. MUD & TIRZ reimbursables available for water, sewer, drainage, roads and recreational areas. Owner is working on permit for Bay Area Blvd bridge over Dickinson Bayou. Limited wetlands and flood plain. Owner has the following due diligence information: Surveys; Conceptual land plan; Major thoroughfare plan; Proposed Development Agreement with City of Santa Fe for development of 40’, 50’ and 60’ lot widths; Market study; Wetlands report; Soils report; Threatened and Endangered Species report; Cultural Resources study; Archaeological study; Fault study; Drainage impact report for Bay Area Blvd bridge; Construction plans for bridge; Mineral ownership report

Attachments

Tres Rios Flyer

Property Facts

Price $40,128,000
Sale Type Investment
Sale Conditions 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1,056.00 AC
Cross Streets Future Bay Area Blvd

1 Lot Available

Lot

Price $40,128,000
Price Per AC $38,000
Lot Size 1,056.00 AC

1.056 +/- acre tract of land planned as the Tres Rios Master Planned Community with major entry on FM 517 in League City at the future Bay Area Blvd.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0015-0001-0000-000
Land Assessment
$6,770
Improvements Assessment
$0
Total Assessment
$6,770
  • Listing ID: 24978941

  • Date on Market: 2/3/2022

  • Last Updated:

  • Address: FM 517, League City, TX 77573

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