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338-Acre Midland County Ranch Land
For Sale
$5,239,000

TBD 338ac Fm-1379, Midland, TX 79706

Versatile land tract near Midland, suitable for development or recreation.

Property SizeContact for details
Lot Size338.00 Acres
Days on Market747

Property Features for TBD 338ac Fm-1379

General Information

Standard status Active
Lot size 338.00 Acres
Property subtype Land
Listing Agency: Capitol Ranch Real Estate
Listed By: Colton Harbert · License #0667827
Source: Phyllisbrowning
Added: Aug 14, 2024 Changed: Aug 28 Last Checked: Aug 29 at 10:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capitol Ranch Real Estate

Investment Insights

Based on property information with market context.

The Greenwood Ranch encompasses approximately 338 acres in northeast Midland County, situated ten miles southwest of Midland and near Greenwood. The property is located outside the city limits and has direct access approximately 1.5 miles from Texas State Highway 158. Characterized by a square configuration and level-to-gently rolling terrain, the tract offers long-distance views, road frontage, and visibility. An established interior road system is present throughout the property. Multiple water wells provide a water supply, and Monahans Draw forms the eastern boundary. Electric service is in place. Active oil and gas operations are present. The property is available in its entirety or divided into tracts of approximately 90 acres, 200 acres, or 338 acres, offering flexibility in acreage. The property is suitable for development, agriculture, or recreational use. The property consists of multiple parcel IDs with reasonable restrictions possible. Only the surface estate is included; mineral rights are not conveyed.

Key Highlights

  • Versatile 338± acre ranch property suitable for development, agriculture, or recreation.
  • Excellent location: Just 10 miles southwest of Midland and minutes from Greenwood, with easy access to Texas State Highway 158.
  • Divisible into tracts of 90±, 200±, or 338± acres, offering flexibility for buyers.

Property Analytics

Current Use

Agricultural land / Farmland

Suggested Use

Top Pick Dental Office Electrical Service Auto Parts Store Grocery & Convenience Store Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49
Businesses Nearby

Demographics for 79706, TX

31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - Versatile land tract near Midland, suitable for development or recreation.
Where is this agricultural land / farmland located?
The property is located at TBD 338ac Fm-1379 Midland, TX.
What is the asking price?
The asking price for this property is $5,239,000.
What are key features of this property?
This property features: Versatile 338± acre ranch property suitable for development, agriculture, or recreation.; Excellent location: Just 10 miles southwest of Midland and minutes from Greenwood, with easy access to Texas State Highway 158.; Divisible into tracts of 90±, 200±, or 338± acres, offering flexibility for buyers.
More about this property
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