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8350 Piney Shores DrConroe, TX 77304
Piney Shores Resorts - Phase I
Asset ClassMultifamily
overview of deal

Overview

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 – Phase 1, 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, 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:

-Selling Individual Units

-Offering Short-Term Rentals

-Leasing as Multifamily Apartments

-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: 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

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Investment Highlights

  • Includes a Marina, Boat Ramp, 3 Swimming Pools, Tennis Court, Basketball Court, Playground, and Over 40,000 SF of Office and Storage Buildings
  • 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
8350 Piney Shores DrConroe, TX 77304

Sales Team

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