A Municipal Utility District (MUD) has been formed that is authorized to issue up to $84 million in bonds to defray cost of development. A waterfront 3 bedroom, 2 bath, 2, 160 sq. ft. two story house, two barns, cattle pens and fencing throughout and ag exemption with low property taxes. This property offers some of the best fishing the Texas Coast has to offer. Timing is perfect for both investors and developers. Sell or Develop this property and be primed for sales when the Federal Reserve eases interest rates in 2024. 100% minerals owned and will convey with property.