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Listed price in listed location currency (USD).
$2,464,000

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MLS® 21167684

  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes $641
Days Active 1
Lot Size 320 acres
Approx. Age 
MLS® Number 21167684

Property Address: TBD Fm 1148, Graford, TX, 76540

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number21167684
Laundry Level
Central VacNo
FireplaceNo
Acreage320
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 1, 2026List Date
$2,464,000List Price
  • Commute

Commute

Starting Address
Destination Address
TBD Fm 1148, Graford, TX

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