Prime 125-Acre Ag-Exempt Ranch with 5 Ponds and Two Creeks!
Held in the same family since 1895, this exceptional 125-acre ranch offers a rare blend of rich heritage, agricultural production, and scenic beauty. 1,895 feet of road frontage on both sides of CR 136. Ag-Exempt property fully enclosed by 6-wire barbed fencing! Highly versatile acres featuring 5 ponds and 2 creeks in Erath County. Offers deep, fertile soil, mature pecans, oaks, elms, mesquites, and native grasses capable of running cattle, along with a 15-acre field would be excellent if renovated hay production. The west side features elevated, gently rolling hills with scenic views ideal for building your dream home. Property is brimming with wildlife—deer, turkey, dove, and more.
The current cattle & deer leases offer immediate flexibility (can terminate at sale-Jan 2027 or extend). Low taxes ($164.77 in 2025). Conveniently located off CR 136, 14 miles south of I-20, 21 miles north of Stephenville, and 38 miles west of Weatherford.
| Listing Id: | 21410306 |
|---|---|
| List Price: | $1,246,875 |
| Property Type: | Land |
| Property Sub Type: | Unimproved Land |
| Status: | Active |
| Unexempt Taxes: | $121 |
| Lot Size Square Feet: | 5,445,000.0000 |
| Lot Size Acres: | 125.0 |
| City: | Stephenville |
| County Or Parish: | Erath |
| Subdivision Name: | Na |
| Postal Code: | 76401 |
| Acres Pasture: | 125.00 |
| AG Exemption?: | Yes |
| Association Type: | None |
| Basement Yn: | No |
| Crops: | Bluestem, Buffalo Grass, Hardwood Timber, Native |
| Current Use: | Cattle, Grazing, Hunting/Fishing, Livestock, Recreational, Unimproved, Vacant |
| Development Status: | Unzoned |
| Directions: | From any location go to US HWY 281 and follow it to Morgan Mill. Turn onto FM 1188 West, 7.3 miles to CR 135. Turn right on CR 135 and continue for 1 mile. Turn right on CR 139 and go 0.7 miles and turn left on CR 136, 1 mile and the property will be on both sides of the road. Sign on property. |
| Easements: | Electric, Natural Gas, Pipeline, Utilities |
| Elementary School: | Central |
| Elementary School Name: | Central |
| Fencing: | Barbed Wire, Fenced, Wire |
| High School Name: | Stephenvil |
| Horse Permitted Yn: | Yes |
| Junior High School Name: | Stephenvil |
| Lake Pump Yn: | No |
| Land Lease?: | Yes |
| Listing Terms: | Cash, Conventional, Federal Land Bank, Texas Vet |
| Lot Features: | Acreage, Agricultural, Many Trees, Cedar, Mesquite, Oak, Tank/ Pond |
| Lot Size: | Over 100 Acres |
| Lot Size Area: | 125.0000 |
| Lot Size Units: | Acres |
| Multi Parcel ID: | Yes |
| Municipal Utility District?: | No |
| Number Of Lakes: | 0 |
| Number Of Tanks And Ponds: | 5 |
| Number Of Wells: | 0 |
| Possession: | Closing/Funding |
| Possible Use: | Agricultural, Barndominium, Cattle, Dairy, Development, Equine, Exotics, Farm Sink, Feed Lot |
| Restrictions: | No Restrictions |
| Road Frontage Type: | County Road |
| Road Surface Type: | Gravel |
| School District: | Morgan Mill ISD |
| Soil Type: | Sandy Loam |
| Surface Rights: | Mineral Easement |
| Utilities: | Co-op Electric, Co-op Water, Electricity Available, Gravel/Rock, Overhead Utilities |
| Vegetation: | Grassed, Wooded |
| Waterfront Features: | Creek |
| Will Subdivide: | No |
| Zoning Description: | None |
Listing Courtesy of: Regal, REALTORS
Listing Agent: Tim Bankston
972-955-0773
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North Texas Real Estate Information Systems, Inc. data last updated on October 14, 2026 01:39 AM - CT
Property Last Updated: October 14, 2026 01:39 AM - CT
