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Mike Bowman

[email protected] +1(817) 328-2342

$9,991,000

Est. payment - /mo

515 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Ranch

Listing Status Active Option Contract

Purchase Type For Sale

MLS Listing ID 20945187

HOA Y/N None

Annual Tax Amount $340

Lot Size 515.000 Acres

Acres 515.0

Property Sub-Type Ranch

Property Description

Available for sale for the first time since the 1940s, the Baker Family Ranch is loaded with opportunity and history. This 500+ acre working cattle ranch is home to a 30+ acre lake, the headwaters of Richland Creek, and served as the home of Fort Smith in 1847. Located in northeastern Hill County with nearly 2 miles of paved road frontage on FM 934, the Baker Family Ranch has been nurtured and stewarded by the same family for more than 70 years. Strategically situated just north of and between the I-35W and I-35E split, this ranch is an hour drive from Fort Worth or Dallas. From your home, the airport, or the office this property is easily accessible for weekends at the ranch. With a combination of gently rolling native pastures and hay meadows at lower elevations, the ranch conservatively supports an active cow-calf operation. Towering hardwoods create privacy and seclusion for you to relax and enjoy nature. The ranch is also next to the 4K Richland Creek Ranch - a historic ranch whose owners operate ranch land across six counties with total capacity across all properties exceeding 3,500 animal units.

From an investment perspective the ranch is located in an opportunity zone and has an active agricultural valuation (“ag exemption”). Water is supplied by a Files Valley Water Meter, and electric service lines are located on the southeast side of the property. The Baker Family Ranch offers more than just an investment opportunity within an hour drive of the 3rd fastest growing metroplex in the country - it is an opportunity to have more than 500 acres and a large lake within an hour of America's fourth largest metropolitan area.

Location

State TX

County Hill

Zoning Unzoned, outside city limits

Direction From I-35E and FM 934, drive east for 5.75 miles. Gate will be on the right. From I-35W and FM 934, drive north for 4.9 miles. Gate will be on the left. Ask agent for pin to property.

Exterior

Fence Barbed Wire

Utilities Available Electricity Available, Outside City Limits, Rural Water District

Waterfront Description Lake Front

Garage No

Building

Lot Description Acreage

Schools

Elementary Schools Itasca

Middle Schools Itasca

High Schools Itasca

School District Itasca Isd

Others

Restrictions No Known Restriction(s)

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Aerial Photo, Flood Plain

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jacob Story • Story Group

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker License ID: 0273938

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FM 934 Fm-934 Itasca, TX 76055

Mike Bowman

Key Details

Location

Exterior

Building

Schools

Others

Nearby School & Business

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