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$575,000

$599,000

181 Cortez Drive, Nocona, TX, 76255

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,741 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.78 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Refrigerator
FlooringTile

Building Information

Year Built1980

Land Information

APNR000019188
Lot Number1306
Land UseResidential
Legal DescriptionLOTS 1306 & PT 1307; NOCONA HILLS
Census Tract950100
Assessed Land Value$168,000
Assessed Improvement Value$331,920
Assessment Year2025

About this property

Nocona Hills Waterfront Retreat Experience the best of lake living at 181 Cortez in the sought-after Nocona Hills community. Perfectly positioned for sunset views, this property offers exceptional water access and easy drive to the club house or golf corse. Whether you’re searching for a full-time residence, weekend getaway, or income-producing vacation rental, this lakeside retreat delivers the ideal blend of comfort and recreation. The home features spacious living areas, recent updates, and a private dock for easy days on the water. Outdoor enthusiasts will appreciate the additional covered RV parking complete with hookups, providing plenty of space for guests, lake toys, and travel accommodations. A circular drive and ample covered parking make entertaining effortless. Nestled on a beautifully maintained lot, you’ll enjoy peaceful mornings overlooking the lake and endless opportunities for boating, fishing, and relaxation right from your backyard. Located within the amenity-rich Nocona Hills community, residents enjoy access to golf, a private airstrip, boat ramp, gated security, and more. Wake up to waterfront views, spend your days on the lake, and make every sunset unforgettable at 181 Cortez.

Investor Tools

Property Icon
$599,000
Estimated Property Value
$0Estimated Mortgage Balance
$599,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Kimberly Cain

THE REAL ESTATE COMPANY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,409
$499,920
2025
$168,000
$331,920
$499,920
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,409
$499,920

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$599,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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181 Cortez Drive | Property Details | No Agent List