TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
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$ 2,464,000
Est. payment | /mo

320 Acres Lot


$ 2,464,000
Est. payment | /mo

320 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Alex Stringer

MLS Listing ID 21167684

HOA Y/N No

Annual Tax Amount $641

Lot Size 320.000 Acres

Acres 320.0

Property Sub-Type Unimproved Land

Property Description

An exceptional opportunity to acquire 320± acres overlooking Possum Kingdom Lake in the heart of Palo Pinto County, featuring Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. This unique high point offers commanding views of Possum Kingdom Lake on one side and a sweeping valley panorama on the other, creating a rare dual-aspect vantage seldom found on privately held ranch land.
The property showcases dramatic topography with rolling hills, rugged slopes, elevated ridgelines, and scenic high points that provide expansive views from multiple locations. Native oak, mesquite, and cedar blend with open pasture and grassed areas, delivering both visual appeal and functional grazing capacity. Two established stock tanks and a water tap enhance the ranch's recreational and agricultural utility, supporting wildlife and livestock operations. The property benefits from an existing agricultural exemption and is well-suited for cattle operations, hunting, recreational use, and future residential development. The ranch also includes a cellular communications tower generating approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator, providing supplemental passive revenue. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted, allowing flexibility for a private estate, legacy ranch, recreational retreat, or long-term investment holding. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property. This is a rare opportunity to own a landmark-quality ranch centered around one of Palo Pinto County's signature high points—offering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.

Location

State TX

County Palo Pinto

Zoning AG

Direction load the following coordinates into google maps search: 32.899061, -98.505779

Interior

Fireplace No

Exterior

Fence Barbed Wire, Perimeter, Wire

Utilities Available Electricity Available, Other, See Remarks

View Y/N Yes

View Water

Present Use Agricultural,Grazing,Other,Ranch,Recreational

Topography Hill,Rough

Road Frontage All Weather Road

Private Pool No

Building

Lot Description Acreage, Hardwood Trees, Pasture, Pond on Lot, Ravine, Rolling Slope, Rock Outcropping, Many Trees, Wooded

Schools

Elementary Schools Graford

Middle Schools Graford

High Schools Graford

School District Graford Isd

Others

Tax ID 09527

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21167684

NEARBY SCHOOL & BUSINESS

Justin Henry

+1(972) 757-6273

justin@justinhenryhomes.com

26875 US Hwy 380 # 112, Aubrey, TX 76227, United States

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TBD FM 1148