320 Acres Overlooking Possum
Tbd FM 1148, Graford, TX 76540
- Added:
- Feb 18, 2026
- Days on Market:
- 101
- Last Refresh:
- May 30 at 7:06 pm
Property Features for Tbd FM 1148
General Information
- Property type
- Land
- Property subtype
- Unimproved Land
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 09527
- Lot size
- 320.00 Acres
Building Details
- Architectural style
- Other
Listing agent Charles Horton License #0546099 (214) 692-6400
Listing office The Michael Group Real Estate 1845 Precinct Line Rd., Dallas, TX (817) 577-9000
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.
HighLights
- 320± acre ranch featuring Caudill Mountain, a named county summit with 1,360+ ft elevation and commanding views.
- Unzoned and unrestricted land suitable for various uses.
- Cellular communications tower generating approximately $500/month in rental income.
- Dramatic topography with rolling hills and expansive views.
- Two established stock tanks, water tap, and agricultural exemption.
- Approximately 2,000 feet of FM road frontage with all‑weather access.
Overview
This 320± acre property in Palo Pinto County overlooks Possum Kingdom Lake and features Caudill Mountain, a county summit rising to approximately 1,360+ feet in elevation. The high point offers views of Possum Kingdom Lake and a sweeping valley panorama. The property has rolling hills, rugged slopes, elevated ridgelines, and scenic high points. Native oak, mesquite, and cedar blend with open pasture and grassed areas. Two established stock tanks and a water tap enhance the ranch’s recreational and agricultural utility. The property benefits from an existing agricultural exemption and is suited for cattle operations, hunting, recreational use, and future residential development. A cellular communications tower generates approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property.
Property Profile
Location Intelligence
Current Use by Public Records
Recreation land
Map
- City
- Graford
- County
- Palo Pinto
- State
- Texas
- Longitude
- -97.7264
- Latitude
- 31.1169
Nearby Similar for Sale
FAQs
What type of property is this?
Agricultural land / Farmland - Unrestricted land with lake views, income potential, and diverse terrain.
Where is this agricultural land / farmland located?
The property is located at Tbd 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 ranch featuring Caudill Mountain, a named county summit with 1,360+ ft elevation and commanding views.; Unzoned and unrestricted land suitable for various uses.; Cellular communications tower generating approximately $500/month in rental income.
