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$59,000

230 Cortez Drive, Nocona, TX, 76255

On MarketInfo
Baths0 Bath

About this property

Some properties are about what’s there today—others are about where they’re headed. This one offers both. Located in Nocona Hills along Lake Nocona, this unimproved lot sits within a community that’s evolving in all the right ways. Per HOA-provided information, water service is sourced from the Trinity Aquifer and managed through a non-profit corporation governed by property owners. Water lines have been installed throughout the development to serve homesites—an important piece of long-term planning that continues to support growth. The lifestyle here is what continues to draw attention: • Private lake access• Private golf course• 24-hour guarded entry• 3,000-ft landing strip with hangar sites• RV and camping areas• Volunteer fire department and community church With the clubhouse currently undergoing significant renovations—including plans for dining and gathering space—the trajectory here is clear, while still maintaining the laid-back feel that defines the community. It’s a smart play for today, with an eye on what’s ahead.

Investor Tools

$0Estimated Mortgage Balance
$53,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$354 /month
Positive
Cash Flow Estimate:
$118 /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
$23/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
$53,000
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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230 Cortez Drive | Property Details | No Agent List