240 Acres in Punkin Center, TX - $950,000

The main entrance is on Old Lake Road, with a large arched stone gateway. The driveway coming in from this entrance is paved asphalt, for easy year around travel. The driveway winds through the trees and by the two acre lake for a quarter mile before arriving at the ranch house. This home has had only one owner and was custom built in 1985. It has two stories and 5,333 sq ft of space, three bedrooms, three full bathrooms, three more half baths, a large game room that could double as a fourth bedroom, large living room with stone fireplace and vaulted ceiling, separate dining area, wet bar, indoor hot tub room, waterfall, safe room, and loads of storage! The attached four-car garage and two-car carport offer plenty of covered parking; when entertaining guests, the owner used the garage as a dance floor too! The house is hooked up on city water, as is the sprinkler system, but the system can be converted over to well water, if desired.

The master suite is downstairs, and the other bedrooms are upstairs. The safe room, which doubles as an office, is accessed through the master bedroom. The indoor hot tub room can also be accessed from the master bedroom, in addition to the living room. The bedroom has two closets, plus there is another large walk-in closet that connects the his and hers bathrooms. Her bathroom has a long vanity and sunken jetted bathtub; his bathroom has a vanity and shower. A Bose stereo system is installed throughout the suite too.

The two bedrooms upstairs each have their own bathrooms. The game room and/or fourth bedroom is open to the vaulted living room and has door leading to the outdoor deck, which overlooks the pool and courtyard below. For entertaining, the large living room, bar, and dining room all flow one into another. Lots of details in the house, like arched brick doorways, wood paneled walls and banisters, and built-in cabinets, provide a unique touch wherever you go inside. The home is good shape and has been well maintained.

Just off of the bar and living room is the pool courtyard, with flagstone paving and manicured landscaping. Mature live oaks surround the courtyard and provide shade in the hot summer months. The pool is kidney shaped and is replenished from the stone waterfall that flows into it. It has recently been serviced and is in good working condition.

OUTBUILDINGS:

The ranch has two large barns, located behind the ranch house. They are both made metal frames and siding, with concrete floors, and utilites and water in place. Here are the specs:

Barn #1:

- 100' x 40'

- covered truck wash bay, with floor drain

- large work shop, with bay door

- equipment storage, accessed by two bay doors

Barn #2:

- 100' x 50'

- two rooms, one large with three bay doors, one small with one bay door

- attached lean-to for equipment storage

- two horse stalls and pipe riding pen attached

The barns provide the space needed to store all of your equipment, tools, and toys, with room to spare! Barn #2 has a space large enough to even fit a basketball court. Gravel surrounds the barns and headquarters.

LAND:

The ranch has a mixture of land use. The north branch of China Creek runs from west to east across the land, with 90 acres of wooded pasture straddling it. On the east side of the property, a large two acre tank has been built all of the creek, but unfortunately, due to the drought over the last several years, it is dry. Per the owner, this is the first time in over 25 years that it has been dry. This pasture has mainly mesquite trees, but the owner has introduced pine, cedar, and elm into it as well. This native pasture is where the hunting is too, for whitetail deer and feral hog. The creek is a flyway for migratory dove too.

Two farm fields allow for a total of 143 acres of cultivation on the ranch. Both the fields and pasture are leased for ag purposes to a tenant for a cash rent of $5,527 annually. If the new owner wanted to run their own operation, the ranch would work well for stockers, and there is an additional 160 acres for sale that joins the ranch on the north side too. The fences are all in excellent condition, both perimeter and the cross fences that separate the fields from the pasture. A set of pipe working pens is in place too.

MINERAL RIGHTS:

The seller believes to own 50% of the mineral estate and will convey all of her interests at closing! With production already in the area, this is a major bonus to an already package deal.

ASKING PRICE:

$950,000

BROKERS NOTES:

This ranch is extremely clean. A lot of thought and planning went into each stage of development here, as evidenced by the neatly stacked fence stays, rock piles, gravel, and grading. Periodically around the headquarters, you will see massive stones, which were brought in by the seller and set in place for aesthetic appeal. With some updating to the interior of the house, the property could be back to the original luster it once had at the completion of construction in the 1980s.

CONTACT:

For more information and to set up a private viewing of this property, please call land agent Beau Byars at cell phone (940) 224-3183.