81.4-acre mixed-use resort development opportunity on Lake Marble Falls in Cottonwood Shores, TX. The Property is fully entitled for the development of 524 RV resort pad sites, modular homes and townhomes, plus the opportunity to develop two commercial areas. The Property will have city water and sewer once brought to the site by the developer. Development costs can be offset with reimbursements of $15 million dollars via a PID, and $290,000-$500,000 a year for 30 years via a TIRZ. Based on a proforma that includes incremental pad site sales, revenue from for-lease product, and the eventual disposition of the for-lease product, the Property provides exceptional returns, projecting a 47% IRR and an equity multiple of 2.5X over a 5-year period. Contact broker for more details and pricing.