Attention Developers and Builders!!

500 Deeded Lots FOR SALE! $8,950,000.

Nocona Hills is an established 1300 acre North Central Texas rural residential gated community on Lake Nocona in Montague County Texas. Exceptional Investment Opportunity just 1 ½ hours NW of Frisco Texas sits this prime waterfront development on Lake Nocona.

Investment Highlights

500 individually deeded and platted ¼ acre lots with electricity, water and high-speed internet service available. Close to the DFW Metroplex discover this once in a lifetime opportunity.

Nocona Hills is a private 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 24hr manned gate are maintained and provided by the Nocona Hills Owners Association. All 500 lots are platted and deeded with water provided by the Nocona Hills Water Supply Corp and overhead electrical service by PenTex Energy.

This presents a unique opportunity for a development group to complete building the community which currently only has a little over 300 homes. 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. A new destination like Broken Bow can now be envisioned just a short distance from the Dallas Fort Worth Metroplex. Nocona Hills offers an unparalleled lifestyle perfect for families, retirees, and vacationers alike.

Commercial Properties

8.48 Acre Waterfront Commercial Property on Lake Nocona (Previously Nocona Hills Marina)

117 Conejos Drive is a 8.48 acre commercial waterfront property on Lake Nocona. This is the only privately owned commercial property of this size on Lake Nocona. With very limited deed restrictions this presents a unique and valuable development opportunity for a marina, restaurant, fuel station or RV park. The property has existing power and water in place and a recent survey has been completed.

3 Acre Commercial Property 110 Nocona Dr (Previously Nocona Hills Real Estate Office)

110 Nocona Drive is a 3-acre commercial property just inside the gated entrance to the subdivision. For over 40 years this location has served as the Nocona Hills Real Estate Office. This presents an open canvas for any type of commercial property and well suited for a convenience store / gas station, real estate office / model home, Airbnb cabin development or event center. The possibilities are countless. Power, water and high-speed internet are already in place.

Additional Information

WATER, WATER AND MORE WATER

“Nocona Hills is truly a diamond in the rough! I believe our greatest asset is the water that lies beneath this beautiful property. We are now in a time where water is as valuable as oil and there are not many developments in Texas with the abundance and quality we have here in The Hills” Randy Hill, President Hills Community Developers LLC.

The Nocona Hills development is placed above the Northern Portion of the Cross Timbers Aquifer. For years Nocona Hills has been known for their quality drinking water and abundant water supply. When the subdivision was established the founding fathers had the foresight to protect the water supply by establishing the Nocona Hills Water Corporation. Deep wells were drilled into the aquifer and waterlines were placed as the developments 32 miles of roads were constructed. At this time the developer purchased additional water rights from surrounding ranches and today Nocona Hills has over 1500 surface acres of water rights. The Nocona Hills Owners Association restrictive covenants established in the early 1970’s restricted residence from drilling independent wells within the boundaries of the development. Now, over 50 years later Nocona Hills sits on one of the most abundant and highest quality water supplies in North Central Texas. The Nocona Hills Water Supply Corporation is owned by the property owners of Nocona Hills and is a corporation governed by a board of directors independent of the Nocona Hills Owners Association.

Nocona Hills Golf Course and Country Club

Nocona Hills was established with one primary attraction, the Nocona Hills Golf Course and Country Club. The beautiful 18-hole golf course was designed by renowned architect Leon Howard. For the past 20 years the golf course has been under private ownership and recently the 155-acre property has been surveyed and is now listed for sale. This is the first time in its history that the Nocona Hills Golf Course and 500 prime residential lots are available, and it presents an unparalleled opportunity for a developer to have control of the amenities and prime real estate without the responsibility or cost of a new development from scratch.

Nocona Hills is located just 8 miles NE of the City of Nocona which is located on HWY 82 between Gainesville and Wichita Falls. Nocona, known for its significance in the leather goods industry was the original home of both Justin Boots and Nocona Boot Company. Today that leather legacy continues with the Nokona Ball Glove Company and Fenoglio Boot Company manufacturing all their products which to this day are still handmade in Nocona Texas.

For more information or to schedule a tour of Nocona Hills 500 Lots For Sale

prospective buyers are encouraged to reach out to the listing agent Thressa Sther @214-243-3935.

2.9% owner financing is available to qualified buyers call Thressa for terms and conditions

1031 Exchanges are welcome

Maps, Survey Platts, NHOA Bylaws and Restrictive Covenants are available on request

Contact Brad Hughes @ 972-741-7850 we put a link to his listing here