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TBD FM 1148 Graford, TX 76540

Active
$2,464,000
TBD FM 1148 Graford, TX 76540
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TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
TBD FM 1148, Graford, TX 76540
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Sarah Gunnip

Sarah Gunnip

sarah.gunnip@c21bowman.com +1(800) 433-4003
$2,464,000
Est. payment /mo
320 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Alex Stringer

MLS Listing ID 21167684

HOA Y/N None

Annual Tax Amount $641

Lot Size 320.000 Acres

Acres 320.0

Property Sub-Type Unimproved Land

Property 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.

Location

State TX

County Palo Pinto

Zoning AG

Direction load the following coordinates into google maps search: 32.899061, -98.505779

Exterior

Fence Barbed Wire, Perimeter, Wire

Utilities Available All Weather Road, Co-op Electric, Outside City Limits, See Remarks, Other

Garage No

Building

Lot Description Acreage, Brush, Gullies, Hilly, Many Trees, Cedar, Mesquite, Oak, Pasture, Rock Outcropping, Rugged, Tank/ Pond, Water/Lake View

Schools

Elementary Schools Graford

Middle Schools Graford

High Schools Graford

School District Graford Isd

Others

Restrictions No Known Restriction(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21167684


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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2026 North Texas Real Estate Information Systems.
Listed by Charles Horton • The Michael Group Real Estate

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Sarah Gunnip

Sarah Gunnip

+1(800) 433-4003

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CENTURY 21 Mike Bowman, Inc.

Mike Bowman License ID: 0273938

+1(817) 328-2342 chime@c21bowman.com

Sarah Gunnip

+1(800) 433-4003 sarah.gunnip@c21bowman.com

4101 William D Tate Ave, Suite 100, Grapevine, TX 76051

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