10720 Fm 1385, Pilot Point, TX 76258

$1,299,000
  • 10720 Fm 1385, Pilot Point, TX 76258 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET3,488 MLS#21303695
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONAubrey Ranch Estates SCHOOLPilot Point ISD

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 $3,850. 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 corridorCurrent rental income of $3,850 per monthExisting tenant and lease in place for immediate cash flowProfessional property management currently in placeStrong holding income while benefiting from future growth and developmentLocated in the path of major residential and commercial expansion.Area Growth & DevelopmentTxDOT-funded FM 1385 expansion underway, widening from 2 lanes to a 4-lane divided roadway with future 6-lane capacityApproximately 1–2 miles from H-E-B's planned 95-acre development at FM 1385 & Mustang RoadNear 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.

10720 Fm 1385 | MLS# 21303695

This single family home located at 10720 Fm 1385, Pilot Point, TX 76258 is currently listed for sale with an asking price of $1,299,000. This property was built in 2016 and has 4 bedrooms and 2 full baths with 3488 sq. ft. Fm 1385 is located in the Aubrey Ranch Estates subdivision within the Pilot Point ISD school district. Search Aubrey Ranch Estates real estate on karenschaeper.kellyrealtors.com today.

Property Features

Property Type: Residential - Single Family
Fireplaces: 1
Garage: 2 car attached
Heating: Fireplace(s), Natural Gas
Home Style: Traditional
Lot Size: 5.04 Acres
Roof Type: Composition, Shingle
Stories: 2.0
Year Built: 2016

Amenities

Decorative Lighting
Double Vanity
Granite Counters
Kitchen Island
Open Floorplan
Pantry
Vaulted Ceiling(s)
Walk-In Closet(s)
Covered Patio/Porch
Rain Gutters
Private Yard

Feature Descriptions

Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Tankless Water Heater
Days on Site: 5
Exterior: Brick, Concrete, Stone Veneer
Fencing: Wood
Fireplace: Living Room
Flooring: Carpet, Tile, Vinyl
Other Equipment: Other
Parcel#: R163363
Parking: Detached Carport, Garage, Garage Door Opener, Garage Faces Front
Parking Notes: Detached Carport, Garage, Garage Door Opener, Garage
Utilities: Aerobic Septic, City Water, Electricity Available

Room Sizes

Bedroom-Primary: 18.00 x 21.00 Level - 2
Living Room: 18.00 x 25.00 Level - 1

Local Schools

Elementary School: Pilot Point
School District: Pilot Point ISD

Listed By / Shown By

Listed By

Agency Name: Sun Star Realty
Agency Contact: 862-485-3949
Agent Name: Sesha Gorantla

agent picture

Shown By

Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors

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Estimated Payment

$ 3,269.89 per month $2,891.01 Principal & Interest $0.00 Property Tax (data not provided by mls) $378.88 Homeowner's Insurance

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