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 pointsoffering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.
Details
| MLS # | 21167684 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 205 |
| Listing Provided By | The Michael Group Real Estate | Charles Horton |
Features
| Zoning | AG |
|---|---|
| Acreage | 320.00 |
Exterior
| Lot Features | Acreage, Brush, Gullies, Hilly, Many Trees, Cedar, Mesquite, Oak, Pasture, Rock Outcropping, Rugged, Tank/ Pond, Water/Lake View |
|---|
Utilities
| Utilities | All Weather Road, Co-op Electric, Outside City Limits, See Remarks, Other |
|---|
Taxes
| Unexempt Taxes | 641 |
|---|---|
| Tax Legal Description | ACRES: 320.000 AB 1977 TR 1ALEX STRINGER G#11 |
Area Information
| State | TX |
|---|---|
| County | Palo Pinto |
| City | Graford |
| Zip Code | 76540 |
| Area | Palo Pinto |
| Community Name | ALEX STRINGER |
| School District | Graford ISD |
| Elementary School | Graford |
| High School | Graford |
| Listing VS Median (in ALEX STRINGER) | |
Price: $2,464,000 low | high Med: $0 On site: 205 low | high Med: | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Palo Pinto |
| City | Graford |
| Zip Code | 76540 |
| Area | Palo Pinto |
| Community Name | ALEX STRINGER |
| School District | Graford ISD |
| Elementary School | Graford |
| High School | Graford |
| Listing VS Median (in ALEX STRINGER) | |
Price: $2,464,000 low | high Med: $0 On site: 205 low | high Med: | |