Project Description: The Waterford subdivision is a luxury residential community located on the North Shore of Lake Travis. Due to the projects location on a narrow peninsula, each lot within the development offers stunning views of Lake Travis. Typical lot size within the subdivision is 100x225, and home sizes range from 2,800 to 9,900 square feet. There are currently 6 homes under construction with each priced near $1 Million. Each phase of the project has a gated and landscaped entrance with entryway monumentation. Waterford on Lake Travis adjoins the Point Venture community.

Amenities: There is an existing and operational 80 wet-slip commercial marina located within Section 4A of the development. Development restrictions have been put in place for the project to ensure continued high-quality development. All architecture and landscaping must be harmonious with the subdivision, and all improvements must be approved by the architectural committee. Upon future completion, there will be an additional 145-slip marina located within Section 4B.

Comments: The natural topography of the Waterford subdivision offers lot owners amazing views of Lake Travis and the surrounding Hill Country, affording the opportunity for impressive home designs. In 2013, the highly publicized HGTV Southern living Dream Home was built in the Waterford subdivision.

Utilities: Water and Wastewater is provided by Travis County MUD #10. Per the development covenants and restrictions, septic systems are not allowed within the community. Water and sewer connection fees are $7,075 per lot. Electricity is provided by Pedernales Electric Cooperative, Cable by Time Warner Cable and Phone service by AT&T. Propane is optional on individual lots and is installed at the discretion of the lot owner.

Schools: The Waterford subdivision lies within the Lago Vista Independent School District. Both Lago Vista Elementary and Middle School received recognized ratings by the most recent TEA findings, and the High School received an exemplary rating.

MLS Activity: In the past 24 months, lots within the Waterford Subdivision have sold between $140,000 to $360,000. Currently, there are 24 lots listed between $81,000 for a .5 acre lot and $495,000 for a 2.5 acre lot. Homes are listed between $500,000 and $1,485,000 and have sold within the last 24 months between $425,000 and $1,863,154.

POA: Each lot owner will pay an annual fee of $650 to the Property Owners Association.

Entitlements: The Waterford project had development rights from LCRA for an additional 145 boat slip marina, now expired. Construction costs have been estimated to run approximately $25,000 per lot. In 2013, the HGTV Dream Home was built in Waterford. The builder for the Dream Home was Silverton Custom Homes who were later named the Southern Living Builder of the Year. Wildlife studies have shown there this project contains Golden Cheeked Warbler habitat. All wildlife habitat fees have been paid.

*Additional due diligence documents are available upon request