10720 FM 1385, Pilot Point, TX 76258
10720 FM 1385, Pilot Point, TX 76258
10720 FM 1385, Pilot Point, TX 76258
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$1,299,000
Est. payment /mo
4 Beds
2 Baths
3,488 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,488 sqft

Subdivision Aubrey Ranch Estates

MLS Listing ID 21303695

Style Traditional

Bedrooms 4

Full Baths 2

HOA Y/N None

Year Built 2016

Lot Size 5.040 Acres

Acres 5.04

Property Sub-Type Single Family Residence

Property Description

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 $3,800. 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 $3,800 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.

Location

State TX

County Denton

Direction Use the GPS

Rooms

Dining Room 1

Interior

Interior Features Decorative Lighting, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Fireplace(s), Natural Gas

Flooring Carpet, Tile, Vinyl

Fireplaces Number 1

Fireplaces Type Living Room

Equipment Other

Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Tankless Water Heater

Heat Source Fireplace(s), Natural Gas

Exterior

Exterior Feature Covered Patio/Porch, Rain Gutters, Private Yard

Garage Spaces 2.0

Fence Wood

Utilities Available Aerobic Septic, City Water, Electricity Available

Roof Type Composition,Shingle

Total Parking Spaces 2

Garage Yes

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Concrete,Stone Veneer

Schools

Elementary Schools Pilot Point

Middle Schools Pilot Point

High Schools Pilot Point

School District Pilot Point Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan


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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Sesha Gorantla • Sun Star Realty

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Stephanie Deeds

Stephanie Deeds

+1(817) 659-0980

Broker | License ID: 0619967

Broker License ID: 0619967

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10720 FM 1385