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5090 County Road 182

Stephenville, TX 76401

$12,975,000

Ranch · 1,150.74 ac

Acres1,150.74 acres
Price per acre$11,275 / acre
Barns1 barns
Water2 wells
FencingBarbed Wire
Ag exemptionAgricultural
Road accessCounty Road
TypeRanch

What it costs to own

Taxes$1,937 per year
MUDNone listed
HOANone listed
Price per acre$11,275
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

Located just 7 miles from Stephenville, the Cowboy Capital of Texas, this exceptional 1,150± acre ranch offers a rare combination of productive cattle country, outstanding hunting, abundant water, and future investment potential. Richardson Creek traverses the ranch and has been dammed to create a scenic several-acre lake, providing excellent fishing, waterfowl habitat, and a reliable water source.

The ranch features excellent grazing pastures, sandy soils ideal for horses, massive hardwood bottoms, live oak motts, cedar breaks, and rolling topography with impressive views throughout. Improvements include two sets of cattle working pens, two water wells, a 40x25 shop, and an extensive network of ranch roads and trails providing access across the property.

Wildlife is abundant with exceptional populations of whitetail deer, hogs, waterfowl, and other native game species. The diverse habitat, combined with Richardson Creek, the lake, hardwood bottoms, and thick cover, creates outstanding recreational and hunting opportunities.

Rich in history, the ranch includes the former Tarleton State University research ranch and observatory, adding a unique legacy component rarely found in today’s market. With limited structural improvements, the property presents endless opportunities to develop a premier recreational ranch, cattle operation, equestrian property, or legacy family retreat. Numerous locations offer ideal homesites, and the terrain provides excellent potential for additional lakes and ponds.

The main ranch entrance is located on County Road 182, with the added benefit of a granted and deeded 70-foot-wide easement from Highway 67 near the Stephenville Rodeo Grounds, providing exceptional accessibility and long-term value. An incredibly diverse ranch offering productivity, recreation, history, and investment potential in one of North Texas’ most sought-after ranching regions.

The details

Lot featuresAcreage, Agricultural, Bottom, Brush, Hilly, Cedar, Mesquite, Oak, Pasture, Tank/ Pond
FencingBarbed Wire, Gate, Perimeter
ElectricCo-op Electric

ZoningAgriculture
RestrictionsNo Known Restriction(s)
EasementsElectric
Documents availableAerial Photo, Survey

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

CropsBluestem, Coastal Bermuda, Hardwood Timber, Klein Grass, Native
Current useAgricultural, Hunting/Fishing
Possible useAgricultural, Cattle, Development, Equine, Grazing, Horses, Hunting/Fishing, Investment, Pasture, Ranch, Recreational, Residential
Soil typeBlack, Rocky/Shale, Sandy Loam
Pasture area1,150 acres
Horse amenitiesBarn, Electric to Barn

ElementaryChamberlai
Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

MLS #21299476
Source
On the market1 day
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 7.4 mi
Nearest parkPurple Goat Park · 5.1 mi

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Listing courtesy of Texas Ranch Kings Realty — Tully Janszen.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21299476. Information last updated June 16, 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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