TBD Fm 1148, Graford, TX 76540
Local realty services provided by:ERA Myers & Myers Realty
Listed by: charles horton, laura horton
Office: the michael group real estate
MLS#:21167684
Source:GDAR
Price summary
- Price:$2,464,000
About this home
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....
Contact an agent
Home facts
- Listing ID #:21167684
- Added:1140 day(s) ago
- Updated:May 15, 2026 at 11:55 AM
Structure and exterior
- Lot area:320 Acres
- Lot Features:Acreage, Hardwood Trees, Many Trees, Pasture, Ravine, Rock Outcropping, Rolling Slope, Wooded
Schools
- High school:Graford
- Middle school:Graford
- Elementary school:Graford
Finances and disclosures
- Price:$2,464,000
- Tax amount:$641
New listings near TBD Fm 1148
- New
$799,900Active3 beds 3 baths2,315 sq. ft.150 Bel Air Loop #A, Graford, TX 76449
MLS# 21269123Listed by: WILLIAMS TREW REAL ESTATE - New
$34,000Active0.75 AcresLot 7 Brackeen Drive, Graford, TX 76449
MLS# 21269937Listed by: ACTION REALTY GROUP - New
$124,900Active0.33 Acres0 Melbourne Trail, Graford, TX 76449
MLS# 21269271Listed by: WILLIAMS TREW REAL ESTATE - New
$349,000Active2 beds 2 baths840 sq. ft.1655 Cedar Crest Loop #A8, Graford, TX 76449
MLS# 21267864Listed by: GIBSON REALTY GROUP, LLC - New
$35,000Active0.23 Acres235 Neeleys Slough Drive, Graford, TX 76449
MLS# 21256076Listed by: REAL BROKER, LLC. - New
$30,000Active0.13 Acres0 Balleycastle Court, Graford, TX 76449
MLS# 21256094Listed by: REAL BROKER, LLC. - New
$699,000Active3 beds 4 baths2,088 sq. ft.1673 Scenic Drive #203, Graford, TX 76449
MLS# 21266836Listed by: CENTURY 21 MIKE BOWMAN, INC. - New
$649,000Active3 beds 3 baths1,474 sq. ft.1782 Fm2951, Graford, TX 76449
MLS# 21266880Listed by: CENTURY 21 MIKE BOWMAN, INC. - New
$1,475,000Active5 beds 5 baths2,604 sq. ft.12 Breakwater Bend, Graford, TX 76449
MLS# 21246506Listed by: SELLING SOUTHLAKE - New
$1,150,000Active5 beds 4 baths4,172 sq. ft.1120 Heron Court, Graford, TX 76449
MLS# 21266061Listed by: COLDWELL BANKER REALTY