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    Ranch Land Acreage for Sale Title is generated by Realmo AI

    CR 121, Gainesville, TX 76240

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    Claim this Listing
    For Sale
    $675,000

    LAND - Gainesville, TX

    Lot size:
    51.96 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    100
    Last Refresh:
    Jul 8 at 9:06 am

    Property Features for CR 121

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9215
    Lot size
    51.96 Acres

    Taxes and HOA fees

    Tax Description
    STEED TH 1451 ACRES 19.02 & 32.88 DEATH DEED FILED
    Tax Annual Amount
    60

    We can help!

    Contact an agent
    Michele Smith

    Listing agent Michele Smith License #0696334

    Listing office Lake & Country Realty, LLC Lake Kiowa, TX

    Listing date Mar 31, 2026

    MLS# 20936990 Listing URL

    Copyright © 2026 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.

    HighLights

    • Nearly 52 acres of land set off the main road via a short private drive.
    • Part of the property is in the 100‑year flood plain, with more than 80% reportedly above the flood plain.
    • Grass is described as lush and abundant, with low‑lying areas suitable for harvesting hay for winter.
    • No known building restrictions reported.
    • No survey currently; proposed survey is in the transaction desk.
    • Lease near the front with Peterson Oil Company; light traffic occasionally, no expiration date, and oil/mineral rights do not convey.

    Overview

    This is a rural ranch land tract totaling 51.96 acres, positioned off the main road down a short private drive. The property features lush, abundant grass and includes low-lying areas that can support harvesting hay for winter use. A portion of the acreage lies within a 100-year flood plain, while more than 80% is above the flood plain. There are no known building restrictions, and the seller indicates proposed survey work is in the transaction desk since there is currently no survey. The seller also notes the existence of a lease near the front of the property.

    The land is described as a peaceful retreat with limited disturbance from nearby activity. The lease near the front of the property is with Peterson Oil Company and is described as having light traffic occasionally. The lease has no expiration date, and oil and mineral rights do not convey to the buyer. The property is minutes from Highway 82, while still set away from noise and traffic.

    For buyers looking to establish or expand cattle and horse operations, this combination of pasture cover, practical winter hay potential, and the majority of acreage above the flood plain supports a straightforward ranching use. It may also appeal to buyers who want room to build a home while maintaining a working ranch setting, subject to buyer verification of all survey details and any applicable restrictions during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.029512
    Latitude
    33.680521

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Quiet acreage suited for cattle or horses, with lush grass and most of the land above a 100-year flood plain.
    Where is this agricultural land / farmland located?
    The property is located at CR 121 Gainesville, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Nearly 52 acres of land set off the main road via a short private drive.; Part of the property is in the 100‑year flood plain, with more than 80% reportedly above the flood plain.; Grass is described as lush and abundant, with low‑lying areas suitable for harvesting hay for winter.
    More about this property
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