Land Parcel for Sale

- Features: Lake view potential with a two-story build, water meter installed (no tap fee), low tax rate at 1.417% with no city taxes, situated in the serene Knob Hill Lake Estates community.

Comparable Sales:

- A nearby 0.33-acre lot at Victory & Regatta is listed for $199,000.

- A 0.55-acre lakefront lot in the same subdivision is listed at $380,000.

- A 1,899 sq ft home on a 0.36-acre lot nearby has an estimated value of $300,000.

New Construction ARVs:

- New construction homes in Little Elm are selling between $400,000 and $700,000, depending on size and location.

- For example, a 4-bedroom, 2,083 sq ft home is listed at $416,999, and a 5-bedroom, 3,357 sq ft home is listed at $524,099.

These comps indicate a strong potential for profit on this deal.

Zoning: Residential

Tax and HOA Information

- Property Tax Rate: Approximately 1.417% (Denton County)

- City Taxes: None – the property is located within the Oak Point Extraterritorial Jurisdiction (ETJ), meaning it is exempt from Little Elm city taxes

- HOA Fees: None – there is no active homeowners association governing this property

Utilities

- Water: Water meter is already installed; no tap fee required

- Electricity: Available and ready for connection

- Sewer: Septic system will be required; no city sewer service available

- Other Services: Cable and internet services are available in the area

- Combined Lots 28 & 29