CBRE Golf & Resort Properties proudly announces the availability of Newport Beach and Golf, a beautiful, future master-planned oceanfront community on Mustang Island in Port Aransas, near Corpus Christi, Texas. The lender, Bank Midwest, recently foreclosed and took possession of the property on January 3, 2012. Port Aransas is a popular vacation retreat for visitors from Houston, San Antonio, Austin and Dallas-Fort Worth who enjoy fishing, boating and some of Texas’ best beaches.
If you would like to receive more information on this investment opportunity, please visit:
www.cbremarketplace.com/newport
OFFERS are being accepted for the three separate development parcels or the property as a whole and TOURS are by appointment only.
THIS OFFERING includes three development parcels, plus an award-winning golf course that collectively total approximately 717 acres. Significant infrastructure has been completed on much of the property and each parcel may be developed independently. Use agreements will be made available for the golf course, which is not available as a stand-alone opportunity.
INVESTMENT HIGHLIGHTS
Flexible Purchase Option – The assets that comprise this investment opportunity may be purchased in whole or in part. More favorable pricing is available for a bulk purchase, however component pricing is available.
Location - Newport Beach and Golf occupies the last, large piece of developable land on the Texas Gulf Coast, with a state park and national seashore occupying the majority of the coast. This unique development features prime frontage on both Corpus Christi Bay and the Gulf of Mexico. Corpus Christi and its international airport are 45 minutes away.
Prime Development / Immediate Income – Finishes lots are ready to be sold and dune access permits are in place. The mixed-use property is entitled for resort/hotel, timeshare and residential development, with an ability to shift density as necessary to accommodate single and multi-family homes, as well as commercial and fractional development.
Arnold Palmer Signature Golf Course – Newport Dunes Golf Club features the first seaside golf course designed by Arnold Palmer in North America. The links-style course is fun and challenging, with breathtaking views of Corpus Christi Bay and the Gulf of Mexico. Newport Dunes was recently rated #2 in the "Top 50 Courses You Can Play" by the Dallas Morning News.
Existing Infrastructure – Significant horizontal improvements have been made at Newport Beach and Golf Village North, including the main and secondary entries, monument signage, main access road, alleys and sidewalks, plus utilities have been extended to each residential and commercial lot.
If you would like to receive more information on this investment opportunity, please go to www.cbremarketplace.com/newport, click on the Confidentiality Agreement tab in the upper right corner, then read, execute and submit.
Please call if you have any questions regarding this opportunity or would like to tour the property. We look forward to working with you.
Sincerely,
CBRE Golf & Resort Properties
Jeff Woolson
Managing Director
For other investment opportunities, please visit www.cbre.com/golfandresort.
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