CR 121, Gainesville, TX 76240
- 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
Listing agent Michele Smith License #0696334 (903) 267-2218
Listing office Lake & Country Realty, LLC Lake Kiowa, TX (940) 580-2240
Listing date Mar 31, 2026
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
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.
Current Use by Public Records
Map
- City
- Gainesville
- County
- Cooke
- State
- Texas
- Longitude
- -97.029512
- Latitude
- 33.680521