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Russell Cox
Relocation Director
REALTOR®
Cell: (254) 717-6447
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Tbd Fm 1148 , Graford, TX 76540

$2,464,000
  • Tbd Fm 1148 , Graford, TX 76540 Main Photo

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Active
LOT SIZE 320.000 acres MLS#21167684
STATUSActive PROPERTY TYPELand - Farm SUBDIVISIONALEX STRINGER SCHOOLGraford ISD

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.

Tbd Fm 1148 | MLS# 21167684

This land located at Tbd Fm 1148 , Graford, TX 76540 is currently listed for sale with an asking price of $2,464,000. The property has approximately 320.00 Acres. Tbd Fm 1148 is located within the Graford ISD school district. Search Graford real estate on www.254sale.com today.

Property Features

Property Type: Land - Farm
Lot Size: 320.00 Acres

Feature Descriptions

Days on Site: 32
Exclusions: Four Wheelers and any other ATV/UTV on the property, Mineral Rights
Fencing: Barbed Wire, Perimeter, Wire
Lot: Acreage, Brush, Gullies, Hilly, Many Trees, Cedar, Mesquite, Oak, Pasture, Rock Outcropping, Rugged, Tank/ Pond, Water/Lake View
Parcel#: 09527
Utilities: All Weather Road, Co-op Electric, Outside City Limits, See Remarks, Other

Local Schools

Elementary School: Graford
School District: Graford ISD

Listed By / Shown By

Listed By

Agency Name: The Michael Group Real Estate
Agency Contact: 469-363-0209
Agent Name: Charles Horton

agent picture

Shown By

Agent Name: Russell Cox
Agent Phone: Cell: (254) 717-6447
Agency Title: Kelly, Realtors

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Estimate Your Payment

Estimated Payment

$ 6,202.46 per month $5,483.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $718.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/06/2026. The listing information on this page last changed on 03/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/06/2026 12:15:15 AM EST) or NTREIS (last updated Thu 03/05/2026 11:49:04 PM EST) or SABOR MLS (last updated Thu 03/05/2026 11:52:56 PM EST) or CTXMLS (last updated Thu 03/05/2026 11:34:32 PM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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