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161 Nocona Drive
Nocona, Texas 76255

County: Montague Nocona Hills

Sellers Sell out!!! Builders Dream for a New Development. 100 Plus lots available for Investors future plans. 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 100 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 lot only in this bundle deal, 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. 24 hour manned gate Association. All 100 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

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Essential Information

  • Price$800,000
  • Reduced By$199,000
  • Cumulative Days on MarketUnlock
  • MLS® #21380396
  • Acres45.00
  • TypeLand
  • Sub-TypeUnimproved Land
  • StatusActive
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Quick Valuation Analysis from 46 Active and 3 Sold Listings

Pricing Trends from 46 Active Listings in Nocona Hills

This Home's Price $800,000 This Home's Price Per SqFt $
Average Price $71,482 Average Price Per SqFt $
Highest Price $800,000 Highest Price Per SqFt $
Lowest Price $10,000 Lowest Price Per SqFt $

Pricing Trends from 3 Sold Listings in Nocona Hills

This Home's Price $800,000 This Home's Price Per SqFt $
Average Price $26,306 Average Price Per SqFt $
Highest Price $60,000 Highest Price Per SqFt $
Lowest Price $6,417 Lowest Price Per SqFt $

Property Details

School Information

Community

  • Address161 Nocona Drive
  • SubdivisionNocona Hills
  • CityNocona
  • CountyMontague
  • StateTexas
  • Zip Code76255
  • HOAMandatory
  • HOA Fees$1,400
  • HOA Fees FrequencyAnnually
  • UtilitiesElectricity Available, Gravel/Rock, Outside City Limits, No City Services
  • Taxes56

Exterior

  • Lot DescriptionAcreage, Cleared, Corner Lot, Cul-De-Sac, Hilly, Level, Many Trees, Oak, On Golf Course, Rolling Slope

Additional Information

  • ZoningResidential

Private Listing Information (Registration Required)

Listing Details

  • AgentJaredean Obrien
  • OfficeEbby Halliday Realtors

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Listing information last updated on November 8th, 2026 at 5:00am CST.