Date
Details
Price
Change
Source
6/17/2026
Listed
$1,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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 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.
Full Property Details
Full Property Details for 10720 FM1385
General
- Price: $1,299,000
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21303695
- Updated: 6/17/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Tankless Water Heater
- Flooring: Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Prewired, Security System, Fire Alarm, Smoke Detector(s)
- Equipment: Other
Exterior
- Exterior Features: Private Yard, Rain Gutters
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Detached Carport, Garage Faces Front, Garage, Garage Door Opener
Location
- County: Denton
- Subdivision: Aubrey Ranch Estates
- Driving Directions: Use the GPS
School Information
- Elem School District: Pilot Point ISD
- Midd School District: Pilot Point ISD
- High School District: Pilot Point ISD
- Elementary School: Pilot Point
- Middle School: Pilot Point
- High School: Pilot Point
Community
- Assoc. Fees Include: Association Management
Heating & Cooling
- Heating Type: Fireplace(s), Natural Gas
Utilities
- Sewer: Aerobic Septic
- Water: Public
- Utility Description: Electricity Available, Septic Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick, Concrete, Stone Veneer
- Roof: Composition, Shingle
- Stories/Levels: 2
- Living Area: 3,488 Sq. Ft.
- Year Built: 2016
Lot Features
- Lot Size (Acres): 5.04
- Lot Size (Sq. Ft.): 219,542.4
- Lot Size Source: Public Records
- Fencing (Description): Wood
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Legal Description: AUBREY RANCH ESTATES BLK 1 LOT 3
- Property ID: R163363
- Block: 1
- Lot Number: 3
Listed by Sun Star Realty, Sesha Gorantla
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 10720 FM1385 —
Sesha Gorantla
Sun Star Realty
862-485-3949
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 10720 FM1385
School District:Pilot Point Independent School District
| Name | Grades | Distance |
|---|---|---|
Pilot Point Elementary School 829 South Jefferson Street, Pilot Point, TX 76258 | PK-2 | 4.4 mi |
Pilot Point Intermediate School 501 East Carroll Street, Pilot Point, TX 76258 | 3-6 | 4.8 mi |
Pilot Point Selz Middle School 828 South Harrison Street, Pilot Point, TX 76258 | 7-8 | 4.2 mi |
Pilot Point High School 1300 North Washington Street, Pilot Point, TX 76258 | 9-12 | 5.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10720 FM1385
Tax History
Tax History for 10720 FM1385
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,892
-8%
$880,000
1%
2023
$10,756
—
$875,000
-36%
2023
$10,756
-36%
$1,368,812
13%
2022
$16,781
103%
$1,209,404
104%
2021
$8,252
15%
$592,242
19%
2020
$7,165
12%
$496,368
16%
2019
$6,410
7%
$429,176
14%
2018
$5,983
98%
$375,000
99%
2017
$3,026
57%
$188,203
58%
2016
$1,933
—
$119,468
1%
2015
$1,935
—
$118,559
1%
2014
$1,932
—
$117,619
1%
2013
$1,935
—
$116,935
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 10720 FM1385
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10720 Fm 1385, Pilot Point, TX 76258 (MLS# 21303695) is a Single Family property with 4 bedrooms and 2 full bathrooms. 10720 Fm 1385 is currently listed for $1,299,000 and was received on June 17, 2026. Want to learn more about 10720 Fm 1385? Do you have questions about finding other Single Family real estate for sale in Pilot Point? You can browse all Pilot Point real estate or contact a Coldwell Banker agent to request more information.