10720 FM 1385, PILOT POINT, TX 76258
Homes for sale in Pilot Point.
Homes for sale in 76258.
List Price$1,299,000
10720 FM 1385
Pilot Point, TX 76258
Listing #21303695
About This Property
Investment Opportunity -- Tenant Occupied on 5.04 Acres in the High-Growth FM 1385 Corridor. This property is being offered as an investment purchase only and is currently tenant occupied with monthly rental income of $3,850. The buyer must assume the existing lease, which has approximately 2 years remaining. Situated on 5.04 acres, this stunning two-story home offers immediate cash flow along with exceptional long-term appreciation potential in one of North Texas' fastest-growing corridors. The home features vaulted ceilings, an open-concept floor plan, abundant natural light, 4 bedrooms, 2 bathrooms, a spacious game room or second living area, media room, workout room, additional office or flex space, and a grand primary suite with a large walk-in closet and direct access to the backyard terrace. A covered back porch provides the perfect setting for outdoor entertaining while enjoying expansive acreage views. Investment Highlights. ±5.04 acres with direct frontage along the rapidly expanding FM 1385 corridor Current rental income of $3,850 per month Existing tenant and lease in place for immediate cash flow Professional property management currently in place Strong holding income while benefiting from future growth and development Located in the path of major residential and commercial expansion. Area Growth & Development TxDOT-funded FM 1385 expansion underway, widening from 2 lanes to a 4-lane divided roadway with future 6-lane capacity Approximately 1--2 miles from H-E-B's planned 95-acre development at FM 1385 & Mustang Road Near the Dallas North Tollway Extension (Phase 4A currently under construction with expected completion in Fall 2027) Positioned within the rapidly growing Pilot Point Celina growth corridor. This property offers a rare combination of immediate rental income, acreage ownership, and long-term development potential in one of the most active growth corridors in North Texas.
Property Features
Location Information
County
Denton
Subdivision
Aubrey Ranch Estates
Interior Features
Rooms
First Floor Living Room, Second Floor Primary Bedroom
Has Fireplace
Yes
Interior
Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Number of Fireplaces
1
Master Bedroom Description
18 x 21
Heating
Fireplace(s), Natural Gas
Full Baths
2
Floors
Carpet, Tile, Vinyl
Living Room Description
18 x 25
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Disposal, Tankless Water Heater
Exterior Features
Style
Traditional, Detached
Has Garage
Yes
Stories
2
Garage Spaces
2
Construction
Brick, Concrete, Stone Veneer
Fencing
Wood
Exterior
Private Yard, Rain Gutters
Patio / Deck Description
Covered
Foundation
Slab
Pool Description
None
Roof
Composition, Shingle
Lot Size in Acres
5.04
Utilities
Electricity Available, Septic Available, Water Available
Lot Size in Sq. Ft.
219,542
Security System
Prewired, Security System, Fire Alarm, Smoke Detector
Is One Story
No
Parking Description
Detached Carport, Garage Faces Front, Garage, Garage Door Opener
School
Elementary School District
Pilot Point ISD
Jr. High School
Pilot Point
Elementary School
Pilot Point
High School
Pilot Point
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
SFR
Has a Home Owners Association
No
Property SubType 2
House
HOA Includes
Association Management
Property SubType
Single Family Residence
Lot Acres Source
Public Records
Year Built
2016
Similar Listings
Mortgage Calculator
$6,065
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,680
Monthly Tax
$1,082
Monthly Insurance
$303
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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