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Nocona,TX 76255
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Nocona Hills
MLS Listing ID 21034178
HOA Fees $100/ann
HOA Y/N Mandatory
Annual Tax Amount $426
Lot Size 125.000 Acres
Acres 125.0
Property Sub-Type Unimproved Land
Property Description
Welcome to beautiful 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, mostly 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 500 individually deeded and platted .25 acre residential lots, 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, a club house that is the process of being completely renovated, 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 500 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. There is also a commercial real estate office located at the entrance of the development that comes with this package so that land parcels and future home sites can continue to be sold to guests who are visiting the area. Reach out to listing agent for more details.
Location
State TX
County Montague
Community Airport/Runway,Club House,Fishing,Gated,Golf,Greenbelt,Guarded Entrance,Hangar,Lake,Restaurant,Rv Parking
Zoning Residential and Commercial
Direction Use Apple Maps
Interior
Heating None
Cooling None
Heat Source None
Exterior
Community Features Airport/Runway,Club House,Fishing,Gated,Golf,Greenbelt,Guarded Entrance,Hangar,Lake,Restaurant,RV Parking
Utilities Available All Weather Road,Cable Available,City Water,Electricity Available,Individual Gas Meter,Individual Water Meter,Outside City Limits,Phone Available,Propane,Septic,Sewer Not Available,Underground Utilities,No Sewer
Waterfront Description Lake Front,Lake Front - Common Area
Street Surface Concrete
Garage No
Building
Lot Description Airstrip,Corner Lot,Few Trees,Greenbelt,Hilly,Interior Lot,Level,Many Trees,On Golf Course,Water/Lake View
Schools
Elementary Schools Nocona
Middle Schools Nocona
High Schools Nocona
School District Nocona Isd
Others
Restrictions No Known Restriction(s)
Ownership See Agent
Acceptable Financing 1031 Exchange,Cash,Conventional,Private Financing Available
Listing Terms 1031 Exchange,Cash,Conventional,Private Financing Available
Special Listing Condition Aerial Photo
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21034178