161 NOCONA DRIVE, NOCONA, TX 76255

Homes for sale in Nocona.

Homes for sale in 76255.


161 Nocona Drive

Nocona, TX 76255

Status of the property has changed, please contact for details

List Price$1,900,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #20849800

45

Acres

Lots / Land

Type

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

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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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