201 Lloyd's Road
46 Platted Townhome Lots | Oak Point ETJ
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders the opportunity to purchase 46 platted townhome lots located a block east of Oak Grove Parkway (FM 720) in the Oak Point ETJ (the “Lots”) adjacent to Little Elm and Aubrey. The lots consists of primarily 28’ x 65’ lot sizes.
According to Ownership, the final plat has been recorded, and civil engineering plans have been fully approved; Ownership will convey their existing plans at Closing. These townhomes can be developed as a for-sale or for-rent product. The lots are in an excellent location less than a mile and a half south of US-380 which allows convenient accessibility throughout the DFW Metroplex. This represents a rare opportunity to acquire platted lots in a prime location within an established submarket at only $39,130 per paper lot.
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Investment highlights
Strategic Location
- The Lots are ideally located within immediate proximity of multiple major thoroughfares; 4 minutes from US 380, 15 minutes from Interstate 35, and 22 minutes from the Dallas North Tollway allowing for maximum connectivity throughout the DFW metroplex.
- Less the two miles from the Village at Cross Roads, a retail development boasting Wal-Mart, Chick-fil-A, Dutch Bros Coffee, and much more.
- The Lots are served by Denton ISD which maintains an overall grade of “A-” per Niche.com.
Zoning
- The Site includes 46 platted townhome lots with a front facing garage requirement. The approximate lot sizes consist of 28’ x 65’ lots.
- The townhomes can be developed as a for-sale or for-rent product.
- Ownership to convey all plans at closing. Existing plans include civil plans, architectural plans, and floor plans.
- Purchaser to verify zoning and uses allowed by the Site.
Population and Demographics
- Denton County has a current population of approximately 1,045,120, an increase of 15.3 percent from 2020, according to the U.S. Census Bureau.
- Within a one-mile radius of the Lots, the Median Household Income is approximately $122,273.
- Per Texas Realtors, the median price for a townhome in Denton County as of April 2026 was $402,495.
- According to MLS, single family homes for rent are achieving rental rates up to $1.74 per square foot. According to CoStar, Build-to-Rent comps in the Denton submarket are achieving effective rents up to $2.04 psf.
- Less than a mile southeast of the Site, Grenadier Homes is building townhomes up to $389,000 in the Wildridge community.
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