Named for George Mitchell, the late founder of The Woodlands, Mitchell Island will be the most exclusive address in The Woodlands.
Located on the eastern edge of Lake Woodlands, Mitchell Island was created in 1985 with plans to locate the corporate headquarters of Mitchell Energy and Development on the island. This plan was abandoned in 2005.
When The Woodlands East Shore was first announced in the 2000’s, the developers were going to turn the island into an exclusive clubhouse for East Shore residents. This plan for Mitchell Island changed again with the announcement of ExxonMobil’s new campus being built south of The Woodlands for 10,000 employees plus the explosive growth of Hughes Landing.
While the size of the island has been reported from various sources as 19, 20, and 22 acres, we know there will be approximately 19 one-acre lots and the bidding will begin at $1.5 million to $3 million per lot depending upon location on the island. As in every neighborhood in The Woodlands, there will be minimum and maximum square footage for the homes built on the lots.
Construction of the bridge to the island is almost complete. A pier is under construction that will eventually dock boats that will shuttle residents to Hughes Landing.
Contact me if you would like to receive updates on Mitchell Island.
For information on The Woodlands real estate market, visit us at www.MicheleFlory.com under the Market Report tab.