Piney Shores Resorts - Lakefront Presidential
Property includes 70 “Presidential” fully furnished units, each exceeding 1,250 SF
Marketing description
For registration requirements and regulations, please review HERE or contact Alexsis Wolfson | 949-799-4658 | [email protected].
Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
The Multifamily Group is pleased to present the exclusive offering of Piney Shores Resorts – Lakefront Presidentail, located in Conroe, Texas. Built between 1995 and 2006, this property includes 70 “Presidential” fully furnished units, each exceeding 1,250 square feet and featuring a lock-off option that allows for flexible 1-bedroom/1-bath and studio-style configurations.
The property boasts a resort-style amenity package that includes two outdoor pools, one indoor pool, a tennis court, mini golf, a fitness center, and a large covered picnic area. Residents and guests also enjoy easy access to Lake Conroe, a modern activity and registration center equipped with outdoor seating and firepits, and multiple commercial buildings, including an office building and sales center that could be leased out for additional income potential.
Currently vacant, Piney Shores Resorts – Phase 1 previously operated as a timeshare and is being offered free and clear of existing debt, with no remaining condominium or timeshare encumbrances.
Opportunities Include:
-Leasing as Multifamily Apartments
-Selling Individual Units
-Offering Short-Term Rentals
-Three Commercial Spaces Available for Leasing: Registration Building (12,700 SF), Sales Center (20,000 SF), Office Building (10,000 SF)
Please note to qualify as a Cooperating Broker, said Broker must have an active Texas Real Estate License and cannot be the Buyer or an ownership partner of Buyer.
Non-Contingent
Earnest Money Deposit: Greater of $200,000 or 10% of the Purchase Price
Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum
$10,000 Participation Deposit
8350 Piney Shores Dr, Conroe, TX 77304
Investment highlights
Multiple Revitalization Paths, Including Individual Unit Sales, Short-Term Rentals, or Multifamily Leasing; Also Features Three Leaseable Commercial Buildings (Totaling Over 40,000 SF)
Includes Three Commercial Spaces Available for Leasing: Registration Building (12,700 SF), Sales Center (20,000 SF), Office Building (10,000 SF)
All 1,250+ SF Two-Bedroom/Two-Bathroom Units
Highly Amenitized Property with Lakefront Units
Washers and Dryers in Every Unit
$111,473 - Median HH Income in a 3-Mile Radius (Yardi)
Conroe - Recently Named the Fastest Growing Large City in the U.S.
Subject To Seller Approval
Listing Contacts
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