107 Acres in Stephenville, TX - $3,750,000

Location: The property is located on paved Erath County Road No. 392 approximately 8 miles west of Stephenville, Texas, and offers excellent proximity to Fort Worth - 1 hour 20 minutes, Dallas - 1 hour 50 minutes, Waco - 1 hour 45 minutes, Abilene - 1 hour 25 minutes, and Austin - 2 hours 50 minutes. Physical property address is 2140 CR 392, Stephenville, TX 76401.

Lake: The centerpiece of this phenomenal property is its ~40 acre lake. Constructed in 1969 as part of the Upper Bosque River Watershed management project and designated as NRCS Site No. 10, the large well-engineered dam impounds the drainage along Goose Branch and its tributaries as they converge and collect in this part of Erath County. As is consistent with the area and dependent upon annual rain fall amounts, the water level can fluctuate periodically due to dry/drought conditions. Per historical maps studied it appears the lake retained ~24 acres of surface water in the driest of conditions observed over a ~30 year period. As is typically consistent with NRCS lakes of this type, the dam design and construction are about as good as you will find and Site No. 10 is fully equipped with a concrete drop inlet primary spillway and large grass embankment auxiliary or emergency spillway that are both located near the southern end of the dam.

Additional Water Sources: Underground water in the area is excellent as the prolific Trinity Aquifer lies beneath this region of the state, and there are two water wells currently on the property. One that serves the home and another near the front gate that can be used to supplement a small pond near the ranch entrance and/or provide irrigation to landscaping.

Ranch Home: The exquisite two-story ranch home provides comfort and functionality at its finest and is perfectly situated on the property to take full advantage of its picturesque lake view. Ideal for hosting large family gatherings or even corporate groups, the open concept ~4,340 sf home provides 5 bedrooms and 3.5 baths. 4 bedrooms are located upstairs with 2 Jack and Jill bathrooms. The spacious downstairs master suite is a getaway in and of itself, with a large bedroom and spa-like bathroom with freestanding/soaking tub, large shower, double vanity and walk-in closets. The wonderful kitchen is fully equipped with custom cabinetry, stainless steel appliances, large island, farmhouse sink, quartz countertops, and a banquet size dining table. The kitchen/dining area opens into what can only be described as a monster of a great room with large two-story cathedral ceilings, wooden accent wall, and lake side wall of windows that bring the outdoors in. The home also offers one of the largest and most functional utility/mudrooms you will ever see. Fully equipped with roll up exterior door, floor drain, shower, sink, washer, dryer, and mudroom/hunting gear cabinets. Rounding out the home you'll find a large upstairs game room where hours of fun are just waiting to be shared and a sound system that is run both inside and out where you can listen to your favorite playlist. Interior finishes include a unique combination of old and new with repurposed barn tin and reclaimed wood, stone, custom metal stairs and railing, textured sheetrock ceilings/walls, custom wood trim, exposed industrial ducting, and mix of flooring that includes concrete, carpet, and tile. The decor fits the varied styles of construction and finishes so perfectly, that you might not want to change a thing. Outside you will find full length covered porches on three sides of the home (1,940 sf total) as well as a custom swimming pool and fire pit that all share this beautiful lakeside setting. The area surrounding the home is wonderfully landscaped and has an irrigation system in place.

Additional Structural Improvements: Just steps from the home you'll find a ~1,000 sf equipment shed/barn and ~400 sf enclosed workshop on one end. Also situated near the home is a well-constructed and insulated well house with iron filter, water softener, and plenty of additional storage. Near the entrance is a second well house with solar capabilities.

Terrain: There is approximately 50+/- feet of elevation change across the property with higher elevated portions near the home and ranch entrance. Overall, the property is moderately to heavily wooded along Goose Branch, with some clearing and open pasture where wildlife food plots and some coastal Bermuda have been established. The ranch offers a diverse mix of hardwood trees that include live oak, post oak, Spanish oak, pecan, elm, hackberry, and Bois d'arc, as well as willow, cedar/juniper, mesquite, elbowbush, bumelia, sumac, American beautyberry, green briar, and a variety of other brush species.

Wildlife & Hunting: The owner enjoys some of the best duck hunting this area provides, as a variety of waterfowl are known to frequent this flyway and lake. The ranch and surrounding area are also home to an abundance of other wildlife species including deer, turkey, hog, and varmints of all kinds. With abundant water sources, plentiful cover, and wildlife food plots, the ranch packs quite a punch for its size in providing exceptional wildlife habitat and hunting.

Lake/Fishery Study: The owner is currently having a lake study conducted. The report will assess and provide recommendations for improving and managing the lake to produce trophy bass fishing. Contact agent for report details.

Roads & Fencing: The property is accessed from paved CR 392 through an automatic double gate entry. A well-maintained all-weather ranch road leads in from the entrance and winds its way through the property to the home. There are numerous unimproved pasture roads/trails that traverse the ranch and provide good travel throughout. Perimeter fencing ranges from excellent to fair.

Furnishings & Equipment: As part of a turn-key sale, some furnishings and equipment may be included.

Minerals: Negotiable. There is no O&G production on the ranch or in the immediate area. Buyer will assume responsibility and expenses associated with a mineral ownership report if one is desired.

Easements: The only easements currently known to encumber the property do so with little to no impact. One being the typical electric utility easement to United Cooperative Services whereby electrical service is supplied to the property. The line enters the property overhead from the county road, but was run underground by the owner at a significant expense the last 1,000 plus feet so there are no visible overhead electric utility lines on the property near the home or lake. There are two other easements retained by the North Bosque Water Control and Improvement District regarding access to and for the purpose of maintenance and operation of the "flood water retarding structure" (lake dam). There are no known easements providing access to neighboring landowners. Subject to title search.

Utilities: United Cooperative Services provides electrical service to the ranch.

School District: Lingleville Independent School District

Property Taxes: The ranch is currently under wildlife tax exemption and property taxes for 2021 were $5,613.44.

Price: $3,750,000

Contact: Bret Polk, Agent

254-965-0349 mobile

Broker & Commission Disclosure: Buyer's Agent/ Broker must be identified upon first contact with Listing Broker/ Listing Agent and Buyer's Agent/ Broker must be present at the initial property tour in order to participate in the real estate commission. Commission splits will be at the sole discretion of Hortenstine Ranch Company, LLC.

All information is deemed reliable, but is not warranted by Hortenstine Ranch Company, LLC. All information is subject to change without prior notice.