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$29,500

134 Cheyenne Drive, Nocona, TX, 76255

On MarketInfo
Baths0 Bath

About this property

Set within the gated community of Nocona Hills, which spans more than 1,500 acres, this lot offers a place to settle into something a little quieter, without feeling removed. Entry into Nocona Hills is through a staffed security gate, and once inside, the pace shifts. Roads wind for miles beside mature trees, creating a sense of privacy and space that’s hard to replicate. With over 30 miles of roadway, each turn leads to a slightly different feel—some areas open and expansive, others more tucked away, especially as you move closer to the lake. There’s a natural rhythm here that tends to reveal itself over time. Evenings are especially telling, when deer move through the neighborhood and along the roads as if they’ve always been part of the landscape. It’s not something staged or curated—it’s just part of daily life. The community itself is well-established, with approximately 500 homesites thoughtfully spread across the acreage. A private 50-acre lake offers a central point for recreation or quiet time near the water, while a privately owned golf course adds another layer of enjoyment. There’s also a 3,000-foot landing strip with hangar sites available, something other HOA's don't offer, along with a local fire department and a church within the community. A clubhouse is currently being renovated, with plans for a restaurant expected in 2026, adding to what’s already here without taking away from the laid-back feel that defines the neighborhood. This unimproved lot gives you a place within it all—whether you’re drawn to the lake, the trees, or simply the sense of space—and the flexibility to make it your own over time.

Investor Tools

$0Estimated Mortgage Balance
$46,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Courtney Rhyne

Parker Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$20/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
$46,000
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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134 Cheyenne Drive | Property Details | No Agent List