DONNA - A South Florida-based investment partnership has purchased Palm Shadows Resort located at 200 N. Val Verde Rd. for $6.5 million while also taking out a $4.5 million loan.
The luxury RV resort is a 450-unit gated community and features an 8,000-sf clubhouse with stage and dance-floor, billiards room, pool and a lounge that offers free entertainment several nights a week.
With its warm weather, lack of state income tax and relatively low cost of living, Texas, much like Florida, has become a haven for retirees —Texas boasts a considerable number of RV resorts that cater to retired individuals.
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