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$150,000

NAL Estimated Property Value

341 Oak Creek Drive, New Hope, TX, 75071

Off MarketInfo
Baths0 Bath
Year BuiltBuilt in 1984

About this property

Build your dream home on this 1-acre slice of Texas freedom! This lot lies within McKinney ISD and is tucked away in a quiet City of New Hope neighborhood where pride of ownership shows throughout the community. Located just minutes from downtown McKinney, it offers a blank slate for building the perfect home for yourself. This property blends peaceful country living and convenient city access. With no HOA, a low tax rate, and plenty of space for a custom build, this lot is a rare find. This is a prime opportunity for buyers seeking privacy, flexibility, and long-term potential. Want more land? The neighboring lot with a beautifully updated home is also available—purchase both for a full 2-acre homestead, multigenerational setup, or future resale. See cancelled MLS 20957554 for the opportunity to purchase together for a price less than you can purchase separately.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

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: New Hope

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341 Oak Creek Drive | Property Details | No Agent List