Listing provided courtesy of Sun Star Realty- MLS# 21303695MLS ProviderContact Information: Sesha Gorantla - 862-485-3949

10720 FM 1385Pilot Point, TX 76258

Single Family · 4 Beds · 2 Full Baths · 3,488 Sq. ft. | 5.04 Acres
$1,299,000 Active

10720 FM 1385 Overview

Visits:
2

Investment Opportunity – Tenant Occupied on 5.04 Acres in the High-Growth FM 1385 Corridor. This property is being offered as an investment purchase only and is currently tenant occupied with monthly rental income of $3,850. The buyer must assume the existing lease, which has approximately 2 years remaining. Situated on 5.04 acres, this stunning two-story home offers immediate cash flow along with exceptional long-term appreciation potential in one of North Texas' fastest-growing corridors. The home features vaulted ceilings, an open-concept floor plan, abundant natural light, 4 bedrooms, 2 bathrooms, a spacious game room or second living area, media room, workout room, additional office or flex space, and a grand primary suite with a large walk-in closet and direct access to the backyard terrace. A covered back porch provides the perfect setting for outdoor entertaining while enjoying expansive acreage views. Investment Highlights. ±5.04 acres with direct frontage along the rapidly expanding FM 1385 corridor Current rental income of $3,850 per month Existing tenant and lease in place for immediate cash flow Professional property management currently in place Strong holding income while benefiting from future growth and development Located in the path of major residential and commercial expansion. Area Growth & Development TxDOT-funded FM 1385 expansion underway, widening from 2 lanes to a 4-lane divided roadway with future 6-lane capacity Approximately 1–2 miles from H-E-B's planned 95-acre development at FM 1385 & Mustang Road Near the Dallas North Tollway Extension (Phase 4A currently under construction with expected completion in Fall 2027) Positioned within the rapidly growing Pilot Point Celina growth corridor. This property offers a rare combination of immediate rental income, acreage ownership, and long-term development potential in one of the most active growth corridors in North Texas.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

10720 FM 1385 Facts & Features

  • Type Single Family
  • Sq. ft. 3,488
  • Price/Sq.ft. $372
  • Lot 5.04 Acres

Details

General

Association/HOA

  • Association Fee Includes: Association Management
  • Association: No

School Information

  • School District: Pilot Point ISD
  • Elementary School: Pilot Point
  • Middle Or Junior School: Pilot Point
  • High School: Pilot Point

Building Information

  • Year Built: 2016
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Denton
  • Postal City: PILOT POINT
  • Subdivision Name: Aubrey Ranch Estates

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
  • Parcel Number: R163363
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4

General Information

  • Appliances: Dishwasher,Electric Cooktop,Electric Oven,Disposal,Tankless Water Heater
  • Basement: No
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Carpet,Tile,Vinyl
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Double Vanity,Granite Counters,Kitchen Island,Open Floorplan,Pantry,Vaulted Ceiling(s),Walk-In Closet(s)
  • Levels: Two
  • Living Area: 3488.0
  • Other Equipment: Other
  • Security Features: Prewired,Security System,Fire Alarm,Smoke Detector(s)
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Detached Carport,Garage Faces Front,Garage,Garage Door Opener

Lot Information

  • Lot Size Acres: 5.04
  • Lot Size Area: 5.04
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 219542.4
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional,Detached
  • Attached Garage: Yes
  • Construction Materials: Brick,Concrete,Stone Veneer
  • Patio And Porch Features: Covered
  • Property Attached: No
  • Roof: Composition,Shingle
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 2.0
  • Exterior Features: Private Yard,Rain Gutters
  • Fencing: Wood
  • Pool Features: None
  • Sewer: Aerobic Septic
  • Utilities: Electricity Available,Septic Available,Water Available

Room Information

Room: Living Room

  • Level: First
  • Dimensions: 18 x 25
  • Length: 18.0
  • Width: 25.0
  • Features: Fireplace

Room: Primary Bedroom

  • Level: Second
  • Dimensions: 18 x 21
  • Length: 18.0
  • Width: 21.0
  • Features: Ceiling Fan(s),Dual Sinks,Double Vanity,Granite Counters,Garden Tub/Roman Tub,Separate Shower,Walk-In Closet(s)

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10720 FM 1385 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10720 FM 1385 Market Data

Based on the last 30 days in this zip code

$769,896
Average List Price
$377
Average Price per Square Foot
38
Properties Sold
198
Average Days on Market
310
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.