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Ranch Land with Lake Views

FM 1148 Graford, TX 76540

FM 1148, Graford, TX, 76540
$2,464,000
For Sale
Claim this Listing
$2,464,000

LAND - Graford, TX

Lot Size320.00 Acres
AddedFeb 18
Days on Market148
Last RefreshJul 16 at 2:06 am

Property Features for FM 1148

General Information

Property type
Land
Property subtype
Other
Vegetation
Brush
Fencing
Perimeter
Standard status
Active
APN
09527
Lot size
320.00 Acres

Taxes and HOA fees

Tax Description
ACRES: 320.000 AB 1977 TR 1ALEX STRINGER G#11
Tax Annual Amount
641

Listing agent Charles Horton License #0546099

Listing office The Michael Group Real Estate Dallas, TX

Listing date Feb 18, 2026

MLS# 21167684 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.


Investment Insights

Based on property information with market context.

This ranch offering features 320+/- acres centered around Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. The terrain is notably varied, with rolling hills, rugged slopes, elevated ridgelines, and multiple scenic high points that create expansive, dual-aspect views toward Possum Kingdom Lake and the surrounding valley. Vegetation includes native oak, mesquite, and cedar, alongside open pasture and grassed areas that support functional grazing. Ranch improvements include two established stock tanks and a water tap, enhancing utility for wildlife and livestock operations.

The property benefits from approximately 2,000 feet of FM road frontage and an all-weather road providing access. Co-op electric service is available, and the ranch is currently carried with an existing agricultural exemption. A cellular communications tower on-site provides supplemental income, generating approximately $500 per month, with electrical service and related utility costs paid by the tower operator.

With no zoning and unrestricted status, the land offers flexibility for a range of uses, including cattle operations, hunting and recreational activities, a private estate, or long-term investment holding with future residential development in mind. The diverse cover and elevation changes help support abundant wildlife, including whitetail deer, hogs, dove, ducks, and other native game species.

Key Highlights

  • 320+/- acre Palo Pinto County ranch with Caudill Mountain (named county summit) rising to approx. 1,360+ ft elevation
  • Dual‑aspect views from elevated ridgelines, overlooking Possum Kingdom Lake and a sweeping valley panorama
  • Native oak, mesquite, and cedar with open pasture and grassed areas for wildlife and livestock grazing capacity

Property Analytics

Location Intelligence

Current Use by Public Records

Ranches

FAQs

What type of property is this?
Ranch - Elevated ranch property with substantial frontage, established water features, and income-producing cellular tower potential.
Where is this ranch located?
The property is located at FM 1148 Graford, TX.
What is the asking price?
The asking price for this property is $2,464,000.
What are key features of this property?
This property features: 320+/- acre Palo Pinto County ranch with Caudill Mountain (named county summit) rising to approx. 1,360+ ft elevation; Dual‑aspect views from elevated ridgelines, overlooking Possum Kingdom Lake and a sweeping valley panorama; Native oak, mesquite, and cedar with open pasture and grassed areas for wildlife and livestock grazing capacity
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