Top1031

Eufaula Cove Marina and Grafton Harbor

2 marina properties in 2 states · sponsored by NexPoint

HistoricalLast Form D, filed Jul 22, 2026, reports the offering fully sold (opens in a new tab)

Eufaula Cove Marina and Grafton Harbor was a DST sponsored by NexPoint that owned 2 marina properties in 2 states. Its last Form D, filed Jul 22, 2026, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Jul 22, 2026, reports the offering fully sold.

NexPoint has 5 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$42,710,095
Equity offered, per the Form D
Sold
100%
Form D, Jul 22, 2026; the % is our arithmetic
Investors reported
131
Form D, Jul 22, 2026
Selling commissions
$3,737,134 · 8.7% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right
Yes, after 1 year
Offering documents, Mar 2026 · Deal terms ↓

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Eufaula Cove Marina and Grafton Harbor. Top1031 is not a broker-dealer.
Eufaula Cove Marina and Grafton Harbor image

Eufaula Cove Marina and Grafton Harbor · Photo: graftonharbor.com

What did the Trust own?

Eufaula Cove Marina & Grafton Harbor Marina is the real estate behind NexPoint Marina DST, which the sponsor describes as NexPoint's first marina-focused Delaware Statutory Trust. The all-cash portfolio pairs two destination marinas: Eufaula Cove Marina on Oklahoma's Lake Eufaula, a lake of roughly 102,000 acres, and Grafton Harbor in Grafton, Illinois, near the confluence of the Mississippi and Illinois rivers. NexPoint reports total capitalization of approximately $42.7 million, held on an all-cash basis with no trust-level mortgage debt.

Property address
400 Lakeshore Dr
Property size
2 destination marinas; Eufaula Cove on Lake Eufaula (~102,000-acre lake), Grafton Harbor at Illinois/Mississippi River confluence (slip counts not published)
Total funding
$42,710,095
Investor money plus any loan.
Property acquisition cost
$38,716,701
Note addresses
Marina street addresses confirmed via operator websites (eufaulacovemarina.com, graftonharbor.com); Eufaula Cove also operated as Xtreme Cove Marina

How was it financed, and what did it cost to sell?

Debt

Financing
All cash. This offering reports no mortgage debt.
Loan share of total funding
0.0% (all-cash, no leverage)
The loan measured against investor money plus the loan.
Reserves the trust controls
$1,350,000 ($915K CapEx, $235K working capital, $200K seasonal)
May convert to a REIT (721)
See Deal terms ↓
Target hold
5–10 years From NexPoint’s offering documents (Mar 2026). As reported by the sponsor.

Costs and terms from the Form D

Selling commissions
$3,737,134 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,622,962 · 3.7% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition/facilitation fees that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
16 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 11, 2026
Minimum investment
$100,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What are the deal terms?

From NexPoint’s offering documents (Mar 2026).

Your exit

Can the sponsor's affiliate buy investors out?
Yes, after 1 year

All investors must hold 1 year. No reply: cash (taxable sale)

Rent and the bills

Who pays rent to the trust?
A master tenant affiliated with the sponsor
Who pays for roof and structural repairs?
Investors, through the trust
Who pays if taxes or insurance go up?
Investors, through the trust
Was the property bought from a sponsor affiliate?
Yes

Your rights

Can investors remove the manager?
No
How are disputes with the sponsor resolved?
In court

What does the SEC record show?

Legal Trust name
NexPoint Marina DST
SEC CIK
2123817
First Form D
Mar 24, 2026
Latest Form D
Jul 22, 2026
Filings on record
10
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$42,710,095
$42,710,095+$748,771
131+5
EDGAR
Form D/A$42,710,095
$41,961,324+$3,584,060
126+11
EDGAR
Form D/A$42,710,095
$38,377,264+$9,280,083
115+21
EDGAR
Form D/A$42,710,095
$29,097,181+$6,020,899
94+20
EDGAR
Form D/A$42,710,095
$23,076,282+$3,287,966
74+11
EDGAR
Form D/A$42,710,095
$19,788,316+$3,324,225
63+14
EDGAR
Form D/A$42,710,095
$16,464,091+$3,114,961
49+15
EDGAR
Form D/A$42,710,095
$13,349,130+$4,419,514
34+15
EDGAR
Form D/A$42,710,095
$8,929,616+$2,153,830
19+11
EDGAR
Form D$42,710,095
$6,775,786
8
EDGAR
Show all 10 SEC Form D filings

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

What happened to Eufaula Cove Marina and Grafton Harbor?
Eufaula Cove Marina and Grafton Harbor is a Historical offering. The last Form D, filed Jul 22, 2026, reports the offering fully sold.
Does Eufaula Cove Marina and Grafton Harbor have a 721 UPREIT exit?
The record lists a possible 721 exit for Eufaula Cove Marina and Grafton Harbor. The offering documents set whether and when it could happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works

In the news

Sources

Show sources (8)Hide sources (8)

These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.