Maceo Family Selling Prime Galveston Acreage

GALVESTON, TX-A well-known Galveston family with connections to the city’s colorful past has put a large batch of prime properties on the market. The Maceo family, which at one time owned several popular casinos, has retained Yancey-Hausman Interests Inc. in Houston to market more than 50 acres of undeveloped land in several tracts fronting the island’s two main traffic arteries, the Galveston Seawall and Stewart Road.

According to Yancey-Hausman senior associate David Crawford, who heads the firm’s land and investment sales division, the properties consist of a 26-acre parcel, an 11-acre tract and five contiguous parcels totaling about 16 acres. Including about 1,600 feet of seawall frontage with direct views of the Gulf of Mexico, the parcels are zoned for residential, recreation or planned development use and would support most types of residential and resort uses.

“With its prime location, the Maceo family’s property is ideally suited for significant new development that will further enhance Galveston’s appeal as a resort community,” Crawford tells GlobeSt.com.