Ranch with Covered, Lighted
For Sale
$3,200,000
4798 E FM 198, Lake Creek, TX 75450
LAND - Other - Lake Creek, TX
Property Size4,300 SF
Lot Size330.00 Acres
Price / SF$744.19
Days on Market163
Property Features for 4798 E FM 198
General Information
Property type
Land
Property subtype
Other
Zoning description
NOT ZONED
Parking features
Boat, RV
Patio and Porch features
Deck
Exterior features
Deck, FirePit, Lighting, RainGutters, RvHookup, Storage, UncoveredCourtyard
Fencing
Gate, Fenced
Fireplace
1
Lot features
Acreage, Agricultural, Subdivided
Elementary school
Cooper
High school
Cooper
Elementary school district
Cooper ISD
Middle school district
Cooper ISD
High school district
Cooper ISD
Directions
4802 Fm 198, Lake Creek, 75450
Standard status
Active
APN
2972
Lot size
330.00 Acres
Utilities
Utilities
Propane
Sewer type
Aerobic Septic
Heating system
Central, Electric (Heating), Fireplace(s)
Cooling system
Electric, Ceiling Fan(s), Central Air
Building Details
Architectural style
Other
Additional Structures
Arena, Storage
Listing Agency:
Stewart Realty & Associates
(903) 243-0379
Listed By:
Sabrina Kreutzer · License #0750128
(803) 243-0379
Added: Mar 27
Changed: Aug 5
Last Checked: Sep 5 at 2:06PM
MLS# 20947482
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 Texas ranch offers a full equestrian and cattle setup on 330 acres of lush native grasses. The property is cross-fenced for rotational grazing, with covered cattle working pens and 6 pastures in place. It is currently running 120 head of cows. Water is provided through 7 ponds, supporting both livestock needs and waterfowl and bass fishing.
The equestrian improvements include a premier horse training or boarding facility with a 100 x 225' fully lighted covered arena for riding day or night. A covered 30 x 225' barn connects to the arena and includes 9 pipe pens with automatic water. Turnout pasture offerings include four 1-acre turnout pastures and two 2-acre turnouts, each with covered sheds and auto water. A 30 x 40' shop with a 20' overhang supports equipment storage.
There are three homes on-site: a homestead ranch house (approximately 1,700 SF, 3 bed, 1 bath), a 2019 farm-style manufactured home (1,400 SF, 3 bed, 2 bath), and a newly built barndominium-style home (1,200 SF, 2 bed, 1 bath). The property is located at 4798 E FM 198 in Lake Creek, TX, about 20 minutes south of Paris and 80 miles north of Dallas, with utilities including propane and an aerobic septic system.
The equestrian improvements include a premier horse training or boarding facility with a 100 x 225' fully lighted covered arena for riding day or night. A covered 30 x 225' barn connects to the arena and includes 9 pipe pens with automatic water. Turnout pasture offerings include four 1-acre turnout pastures and two 2-acre turnouts, each with covered sheds and auto water. A 30 x 40' shop with a 20' overhang supports equipment storage.
There are three homes on-site: a homestead ranch house (approximately 1,700 SF, 3 bed, 1 bath), a 2019 farm-style manufactured home (1,400 SF, 3 bed, 2 bath), and a newly built barndominium-style home (1,200 SF, 2 bed, 1 bath). The property is located at 4798 E FM 198 in Lake Creek, TX, about 20 minutes south of Paris and 80 miles north of Dallas, with utilities including propane and an aerobic septic system.
Key Highlights
- 330‑acre ranch with 6 cross‑fenced pastures and covered cattle working pens
- Currently running 120 head of cows and supported by 7 ponds for livestock and waterfowl/bass fishing
- 100 x 225' fully lighted covered arena for riding day or night
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 75450, TX
293
Population
245
Households
1.2
Avg Household Size
50
Median Age
8%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
5
Density / Sq Mi
$64,390
Median Earnings
$215,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Ranch - North Texas ranch with rotationally grazed pastures, multiple ponds, and a fully lighted covered riding arena.
Where is this ranch located?
The property is located at 4798 E FM 198 Lake Creek, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 330‑acre ranch with 6 cross‑fenced pastures and covered cattle working pens; Currently running 120 head of cows and supported by 7 ponds for livestock and waterfowl/bass fishing; 100 x 225' fully lighted covered arena for riding day or night
