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Hai Hoang

hai@buywithhai.com +1(214) 449-2840

$ 5,000,000

Est. payment | -/mo

125 Acres Lot

Save Virtual Tour

$ 5,000,000

Est. payment | -/mo

Save Virtual Tour

125 Acres Lot

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 $1,200/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)

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jp Findley • Compass RE Texas, LLC

Nearby Locations

GET MORE INFORMATION

Hai Hoang

REALTOR® | Lic# 0656235

hai@buywithhai.com

+1(214) 449-2840

1 Cowboys Way #160, Frisco, TX, 75034, USA

102 Comanche Trail Nocona, TX 76255

Hai Hoang

Key Details

Location

Interior

Exterior

Building

Schools

Others

102 Comanche Trail