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Tbd FM 51

Paradise, TX 76073

$3,137,090

Ranch · 263.62 ac

Acres263.621 acres
Price per acre$11,900 / acre
Ag exemptionAgricultural
TypeRanch

What it costs to own

Taxes$228 per year
MUDNone listed
HOANone listed
Price per acre$11,900
Exemptions notedAgricultural

Taxes shown reflect the current owner's exemptions and may change after purchase.

An agricultural exemption ends when the land sells — taxes will be reassessed. Verify with the county appraisal district.

About this home

The Lewis Ranch is a rare legacy property, offered for sale for the first time in over 100 years, and the kind of property that's becoming harder and harder to find in Wise County. Its proximity to the FM 51 and Highway 114 interchange gives it strong long-term development potential in addition to its ranching and homesite appeal. Walnut Creek SUD has a water line near property which adds tremendous opportunity for development. Whether your plans include running cattle, building a home in the country, raising horses, or simply owning a piece of land the family can enjoy for generations, this ranch is set up to do it all. Seven ponds are scattered across the ranch, while Salt Creek winds through the property, providing dependable water for livestock and wildlife alike, and mature oak trees are spread throughout the landscape, offering shade for cattle during the summer months and beautiful cover for native wildlife. The ranch is well suited for a productive cattle operation with quality fencing and plenty of water, and in addition to the grazing ground, approximately 50 acres of productive tillable acreage provide opportunities for farming or hay production. If building is in your future, you'll have several outstanding homesites to choose from, with rolling pasture, scattered oaks, and views of the ponds creating a beautiful setting for a custom home, plus plenty of room for a shop, barn, horse facilities, or even a roping arena, allowing you to build a place that fits your lifestyle. Accessing the ranch is easy thanks to approximately 1,742 feet of paved road frontage on FM 51. The Lewis Ranch is located in one of North Texas' most desirable areas, offering the space and privacy of country living without giving up the convenience of nearby towns, sitting approximately 10 miles from Decatur and Bridgeport and about 30 miles from the DFW Metroplex, making it an easy drive to shopping, dining, employment, while still enjoying life in the country.

The details

Lot featuresAcreage, Agricultural, Bottom, Many Trees
ElectricCo-op Electric

ZoningAG
RestrictionsNone
EasementsPipeline

Mineral rights aren't stated in this listing — verify with the title company before purchase.

ElementaryParadise
Middle schoolParadise
High schoolParadise
DistrictParadise ISD

MLS #21335307
Source
Price changeReduced by $421,793 · Oct 6, 2026
On the market76 days
CountyWise

Around this home

One moment…

Everyday life

Nearest groceryLowe's Market · 5.7 mi
Nearest parkKenny Renshaw Park · 7.7 mi

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Listing courtesy of Arrowhead Land Company — Phillip Dodd.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21335307. Information last updated October 6, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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