Listing provided courtesy of Kim Hill Real Estate Group- MLS# 21295515MLS ProviderContact Information: Kim Hill

TBD Fm 116Gatesville, TX 76528

Vacant Land · 86.37 Acres
$820,515 Active

TBD Fm 116 Overview

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Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37± acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200–250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage.

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TBD Fm 116 Facts & Features

  • Type Vacant Land
  • Lot 86.37 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Gatesville ISD
  • Elementary School: Gatesville
  • Middle Or Junior School: Gatesville
  • High School: Gatesville

Business Information

  • Current Use: Agricultural,Cattle,Grazing,Hunting,Livestock,Pasture

Location/Region

  • Country: US
  • County Or Parish: Coryell
  • Postal City: GATESVILLE
  • Subdivision Name: J Thompson

General Information

  • Disclosures: Flood Plain Disclosure,Other
  • Exclusions: Gray Storage Building - will be moved.
  • Listing Terms: Cash,Conventional,Texas Vet,VA Loan
  • Parcel Number: 108822
  • Possible Use: Agricultural,Cattle,Grazing,Horses,Hunting,Mixed Use,Ranch,Residential,Recreational,Single Family
  • Property Sub Type: Ranch
  • Property Type: Land

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Pasture,Pond on Lot
  • Lot Size Acres: 86.37
  • Lot Size Area: 86.37
  • Lot Size Square Feet: 3762277.2
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront Features: Creek
  • Waterfront: Yes

General Information

  • Fencing: Barbed Wire,Cross Fenced,Perimeter
  • Horse Amenities: Arena,Barn,Hay Storage,Loafing Shed,Stock Pen(s)
  • Other Structures: Barn(s)
  • Road Frontage Type: Farm to Market Road,State Road
  • Utilities: Electricity Available,Sewer Not Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

TBD Fm 116 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

TBD Fm 116 Market Data

Based on the last 30 days in this zip code

$606,239
Average List Price
$298
Average Price per Square Foot
2
Properties Sold
151
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network


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