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Jana Dixon Carpenter

chance@dixonrealtyteamtx.com +1(254) 493-8004

$ 820,515

Est. payment -/mo

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TBD Fm 116 Gatesville, TX 76528

86.37 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Subdivision J Thompson

MLS Listing ID 21295515

HOA Y/N None

Lot Size 86.370 Acres

Acres 86.37

Property Sub-Type Ranch

Property Description

Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37± acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200–250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage.

Location

State TX

County Coryell

Zoning none

Direction From Gatesville, head West on Hwy 84 (Main St) and turn left onto FM 116 towards Killeen. Property will be on the left, watch for sign. GPS to entrance 31.3899, -97.8127.

Exterior

Fence Barbed Wire, Cross Fenced, Perimeter

Utilities Available Asphalt, Electricity Available, Sewer Not Available

Waterfront Description Creek

Street Surface Asphalt

Garage No

Building

Lot Description Acreage, Pasture, Tank/ Pond

Schools

Elementary Schools Gatesville

High Schools Gatesville

School District Gatesville Isd

Others

Restrictions No Known Restriction(s)

Acceptable Financing Cash, Conventional, Texas Vet, VA Loan

Listing Terms Cash, Conventional, Texas Vet, VA Loan

Special Listing Condition Aerial Photo, Flood Plain, Verify Tax Exemptions, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21295515

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

Listed by Kim Hill • Kim Hill Real Estate Group

Jana Dixon Carpenter

Agent

+1(254) 493-8004

Jana Dixon Carpenter

TBD Fm 116 Gatesville, TX 76528

Key Details

Location

Exterior

Building

Schools

Others

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TBD Fm 116