161 NOCONA DRIVE, NOCONA, TX 76255
Homes for sale in Nocona.
Homes for sale in 76255.
161 Nocona Drive
Nocona, TX 76255
List Price$1,900,000
Listing #20849800
About This Property
Welcome to Nocona Hills! Only a short 1.5 hour drive from Frisco and the DFW Metroplex, this 1,300 acre North Central Texas rural residential gated community on Lake Nocona in Montague County Texas is a quiet, Beautiful undiscovered gem that must be seen in person to fully appreciate. Much of this prime waterfront development on Lake Nocona is now available as the seller is offering an incredible 158 individually deeded and platted .25 acre residential lots, Some lots are larger up to .50 all complete with electricity, water and high-speed internet service. Being offered at only $10,000 per residential lot, this listing presents an incredible opportunity for an investor, residential home builder or a 1031 exchange buyer looking to park their capital in a once in a lifetime opportunity. Nocona Hills is a residential gated community with a private community boat ramp on Lake Nocona, an 18-hole private golf course and an exceptional 3000' grass over asphalt airpark landing strip. The roads and the 24 hour manned gate are maintained and provided by the Nocona Hills Homeowner's Association. All 158 lots are platted and deeded with public water provided by the Nocona Hills Water Supply Corp with electrical service conveniently supplied by PenTex Energy. This property is a dream for developers or builders seeking to create a signature project without the upfront cost of water, electricity and utility infrastructure. Nocona Hills offers an unparalleled lifestyle perfect for families, retirees, and vacationers alike. Exciting News, Club house and pool are under remodel so fun for the community. Developer Builder Investment Special! Beautiful Golf course lots over looking the well maintained golf course. There are a variety of nice lots that have lake gorgeous views. Two private lakes (one listed as top 5 Bass fishing Texas) a community boat ramp and dock ready to put your boats out on the water and enjoy the Lake life. Lots have mature trees great shade space to enjoy.
Property Features
Location Information
County
Montague
Subdivision
Nocona Hills
Interior Features
Has Fireplace
No
Exterior Features
Water / Sewer
Electricity Available, Sewer Not Available
Lot Size in Sq. Ft.
1,960,200
Utilities
Electricity Available, Sewer Not Available
Current Use
Development, Investment, Residential, Single Family, U
Security System
Gated with Guard
Possible Best Use
Development, Investment, Re
Parking Description
RV Access/Parking
Zoning
Residential
Has a Pool
Yes
Development Status
Zoned
Pool Description
Community
Road Description
Gravel
Lot Description
Acreage, Cleared, Hardwood Trees, On Golf Course, Many Trees, Few Trees
Is One Story
No
Lot Size in Acres
45
Lot Description
Acreage, Cleared, Hardwood Trees, On Golf Course, Many Trees, Few Trees
School
Elementary School District
Nocona ISD
Jr. High School
Nocona
Elementary School
Nocona
High School
Nocona
Additional Information
Property Type
LL
HOA Frequency
Annually
Property SubType
Unimproved Land
HOA Includes
All Facilities, Maintenance Grounds, Security
Status
Active
Tax Annual Amount
55.0
Has a Home Owners Association
Yes
Community Features
Boat Facilities, Clubhouse, Fishing, Golf, Gated, Pool, Lake
HOA Fee
$400
Documents Available
Aerial
Similar Listings
Mortgage Calculator
$8,872
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$6,846
Monthly Tax
$1,583
Monthly Insurance
$443
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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