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$29,500

130 Cheyenne Drive, Nocona, TX, 76255

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

There’s an ease to this community that’s noticeable from the moment you pass through the gated, staffed entrance. Nocona Hills spans over 1,500 acres, it’s a place where the roads stretch out beneath a canopy of trees and the surroundings feel settled rather than staged. This lot sits within that landscape, offering a starting point in a neighborhood that’s as much about space and atmosphere as it is about amenities. With more than 30 miles of roads connecting roughly 500 homesites, there’s variety in how each section feels. Some areas lean toward open views, while others are more wooded and private. As you move through, the presence of the private 50-acre lake subtly shapes the environment, whether you’re close to the shoreline or just passing by on the way home. Wildlife is part of everyday life here. Deer are often seen in the evenings, moving quietly through the trees or along the roadside, adding to the sense that the land has been allowed to remain what it is. It’s one of those details that becomes familiar but never unnoticed. Beyond the natural setting, the community includes a privately owned golf course, a 3,000-foot landing strip with available hangar sites, and essential features like a fire department within the gates. A clubhouse is currently undergoing renovation, with a restaurant planned for completion in 2026, offering an additional gathering space without changing the overall character of the neighborhood. This unimproved lot gives you the opportunity to step into a place that already feels established, with room to shape it into something that fits your own pace and preferences.

Investor Tools

$0Estimated Mortgage Balance
$41,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Courtney Rhyne

Parker Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$18/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10
$3,000
2025
$3,000
N/A
$3,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10
$3,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$41,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Nocona

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130 Cheyenne Drive | Property Details | No Agent List