Dallas based Provident Realty Advisors purchased 2,795 acres of prime beach front property on the northern tip of the Bolivar Peninsula between Gilchrist and High Island in Galveston County.
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The property, known as Cade Ranch, is considered one of the largest remaining beachfront properties on Texas' Gulf Coast, according to a news release from CB Richard Ellis announcing the sale. The site has more than 13,000 feet of frontage on the Gulf of Mexico and Intracoastal Waterway
Hawes estimates between 30 and 40 percent of the property can be developed and plans to style the development architecturally after
Florida's Seaside, a neo-traditional resort community in the Florida Panhandle.
Seaside Florida
Bruce Endendyk and John Endendyk of CB Richard Ellis represented Crown Team Texas, the sellers of the land and also the owners of the Audubon Village Resort and several other new developments on the Bolivar Peninsula including Laguna Harbor in Port Bolivar and Seagrass Resort in Caplen.
The property is next to the new Audubon Village Resort in Gilchrist and is literally untouched beachfront property ideally suited for development given that the nearby Beaumont Part Arthur energy capital has 10 billion in new energy plants being developed and 1000s of new jobs which will create new demand for beachfront property in that area.
The property being located in the Gilchrist - High Island area is the closest resort quality beachfront property to the Beaumont Port Arthur area. Already the sales team at Audubon Village resort in Gilchrist is seeing interest from engineers relocating to the area for the new energy plants.