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    4798 E Fm 198 Lake Creek, TX 75450

    For Sale
    $4,200,000

    Ranch - Lake Creek, TX

    Type:Ranch
    Lot size:
    446.00 Acres
    Days on Market:
    193
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 4798 E Fm 198

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    2972
    Patio and Porch features
    Deck
    Exterior features
    Covered Deck, Fire Pit, Rain Gutters, Lighting, Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Uncovered Courtyard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Lot size
    446.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    Stewart Realty & Associates LLC (803) 243-0379 [email protected]

    Listing agent Sabrina Kreutzer (903) 243-0379 License #0750128

    Listing date May 29, 2025

    MLS# 20947482 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Creek Ranch with Equestrian Facilities

    This 446-acre ranch in Lake Creek, TX, is suited for equestrian and cattle operations. The property features lush native grasses, ideal for cattle grazing and hay production, and is currently running 120 head of cows. The land is divided into seven pastures, cross-fenced for rotational grazing, and includes covered cattle working pens. Water is supplied by nine ponds, which also support waterfowl hunting and bass fishing. Wildlife includes deer and hogs. A 30 x 40 shop with a 20’ overhang provides equipment storage. The property includes a 100 x 225’ fully lighted covered arena, connected to a 30 x 225 covered barn with nine pipe pens and automatic water. There are also four 1-acre turnout pastures and two 2-acre turnouts, all with covered sheds and automatic water. The ranch has three houses: a 1700 sq ft, 3-bed, 1-bath homestead ranch house with a yard and mature pecan trees; a 1400 sq ft 3-bed, 2-bath farm-style manufactured home built in 2019; and a newly built 1200 sq ft 2-bed, 1-bath barndominium-style home. The property is located 20 minutes south of Paris and 80 miles north of Dallas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lake Creek
    County
    Delta
    State
    Texas
    Longitude
    -95.52701
    Latitude
    33.431572

    Nearby Similar for Sale

    • $2,499,000
      269.19 Acres

      Delta County Ranch with Acreage

      277-acre Delta County ranch featuring grazing, pecan trees, and hunting.
      695 County Road 1210, Lake Creek, TX 75450
      View Details

    FAQs

    What type of property is this?
    Ranch - 446-acre Texas ranch featuring equestrian facilities and multiple residences.
    Where is this ranch located?
    The property is located at 4798 E Fm 198 Lake Creek, TX.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - 446 acres of lush, cross-fenced pastures ideal for cattle ranching, currently supporting 120 head of cattle.; - Premier horse training/boarding facility with a **100 x 225’ covered, lighted arena** and a 30 x 225’ covered barn with 9 pipe pens and automatic water.; - Three residences offering options for family living or rental income.
    (903) 243-0379
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    Lake Creek, TX 75450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4798 E Fm 198 Lake Creek, TX 75450
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