1022 acres in Terrebonne Parish, Louisiana
Houma, Louisiana 70397
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|Property ID: 900494|
Oil and Gas Exploration/Production
Industrial Waterfront, Dockfronts and Mooring Area
Recreational Waterfront, Homesites and Development
Hunting - Duck, Deer, Squirrel, Rabbit, etc...
Fresh and Saltwater Fishing & Boating
There is limited acreage suitable for building in southern Louisiana. It is estimated that only 8% of the land in Terrebonne Parish is of adequate elevation & soil suitability to allow normal residential & commercial building & development. When the HNC was built over 40 years ago, 150 acres were raised with fill dirt & remain 4 to 13 feet above sea level & are dedicated for development by the HNC R/W Agreement. An 80 acre tract along the HNC with 4000 of existing waterfront & a dedicated 80 access R/W have been subdivided from the 1,022 acre property to facilitate development. The subdivided tract has already received conceptual & preliminary approval for a 190 acre lot waterfront recreational home site development from the Houma-Terrebonne regional Planning Commission. There is also over 13,800 of accessible existing industrial mooring area with dock sites on the property. The property also has approximately 400 acres of Fastland with private pumps, levees and roads.
Palmetto Point is an ideal candidate for various types of coastal mitigation & has been identified by the State & other agencies for this use. The 1,022 acre property has hundreds of acres of woodlands, prairie & agricultural land available for preservation, enhancement & restoration mitigation: without affecting the developmental potential of the 150 acre elevated waterfront site along the HNC.
Historically, the South Louisiana Coastal Zone is one of the top producing oil and gas regions of the United States with Terrebonne Parish being one of the Top Producers. Producing oil and gas fields are located near Palmetto Point in all directions. 100% of the mineral rights to this property are available.
Palmetto Point allows boaters convenient access to the Gulf and to other coastal areas via the Houma Navigation Canal (HNC). Wildlife abounds on entire property and underdeveloped acres could be preserved for hunting, fishing, nature trails or other outdoor activities. The property also borders and provides access to Bayou Grand Caillou.
Approximately 8 miles south of Houma, LA, in Terrebonne Parish. Situated on both sides of the Houma Navigation Canal and near the Bayou Grand Caillou. Good access via LA Hwy 57 and Shrimpers Row. Palmetto Point is approximately 50 minutes from New Orleans and 20 minutes from Cocodrie.
Property Tax Exemption
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Oil & Gas
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