Nocona Hills is an established 1300 acre North Central Texas rural residential gated community on Lake Nocona in Montague County Texas. Exceptional Investment Opportunity just 1 ½ hours NW of Frisco Texas sits this prime waterfront development on Lake Nocona. 500 individually deeded and platted ¼ acre lots with electricity, water and high-speed internet service available. Close to the DFW Metroplex discover this once in a lifetime opportunity. Nocona Hills is a private residential gated community with a private community boat ramp on Lake Nocona, an 18-hole private golf course and an exceptional 3000’ grass over asphalt airpark landing strip. The roads and the 24hr manned gate are maintained and provided by the Nocona Hills Owners Association. All 500 lots are platted and deeded with water provided by the Nocona Hills Water Supply Corp and overhead electrical service by PenTex Energy. This presents a unique opportunity for a development group to complete building the community which currently only has a little over 300 homes. This property is a dream for developers or builders seeking to create a signature project without the upfront cost of water, electricity and utility infrastructure. A new destination like Broken Bow can now be envisioned just a short distance from the Dallas Fort Worth Metroplex. Nocona Hills offers an unparalleled lifestyle perfect for families, retirees, and vacationers alike.