Horse Training and Cattle
4798 E FM 198 Lake Creek, TX 75450
4798 E FM 198, Lake Creek, TX, 75450
$3,200,000
For Sale
$3,200,000
LAND - Other - Lake Creek, TX
Property Size4,300 SF
Lot Size330.00 Acres
Price / SF$744.19
Days on Market117
Property Features for 4798 E FM 198
General Information
- Property type
- Land
- Property subtype
- Other
- Parking features
- RV, Boat
- Patio and Porch features
- Deck
- Exterior features
- Deck, FirePit, Lighting, RainGutters, RvHookup, Storage, UncoveredCourtyard
- Fencing
- Gate, Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- 2972
- Lot size
- 330.00 Acres
Utilities
- Utilities
- Propane
- Sewer type
- Aerobic Septic
- Heating system
- Central, Fireplace(s), Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
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 Updated: Jun 5 at 1:34AM Checked: Jul 21 at 12:06PM
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 North East Texas ranch is set up for both cattle operations and equine training or boarding, with cross-fenced rotational grazing across six pastures and lush native grasses. Covered cattle working pens support day-to-day handling, and the property is currently running 120 head of cows. Water is built into the working layout, with seven ponds plus deer and hog activity noted across the land.
Equine facilities are a centerpiece: a fully lighted 100 x 225 covered arena is connected to a covered 30 x 225 barn with nine pipe pens and automatic water. Turnout areas include four 1-acre pastures and two 2-acre turnouts, each with covered sheds and auto water. In addition, there is a 30 x 40 shop with a 20’ overhang for equipment storage. Three residences are on-site: a homestead ranch house with approximately 1,700 square feet (3 bed/1 bath) and mature pecan trees; a 2019 1,400 square foot farm-style manufactured home (3 bed/2 bath); and a newly built 1,200 square foot barndominium-style home (2 bed/1 bath).
Conveniently located 20 minutes south of Paris and 80 miles north of Dallas, the ranch offers an integrated family business setup with potential for leasing or boarding as well as ongoing ranch production. An additional 112 acres with two ponds may be purchased separately, providing room to expand.
Equine facilities are a centerpiece: a fully lighted 100 x 225 covered arena is connected to a covered 30 x 225 barn with nine pipe pens and automatic water. Turnout areas include four 1-acre pastures and two 2-acre turnouts, each with covered sheds and auto water. In addition, there is a 30 x 40 shop with a 20’ overhang for equipment storage. Three residences are on-site: a homestead ranch house with approximately 1,700 square feet (3 bed/1 bath) and mature pecan trees; a 2019 1,400 square foot farm-style manufactured home (3 bed/2 bath); and a newly built 1,200 square foot barndominium-style home (2 bed/1 bath).
Conveniently located 20 minutes south of Paris and 80 miles north of Dallas, the ranch offers an integrated family business setup with potential for leasing or boarding as well as ongoing ranch production. An additional 112 acres with two ponds may be purchased separately, providing room to expand.
Key Highlights
- 330‑acre North East TX ranch with 6 cross‑fenced pastures for rotational grazing and current cattle operations
- 100 x 225 fully lighted covered arena with connected 30 x 225 covered barn featuring 9 pipe pens and automatic water
- Covered cattle working pens plus fencing and gated access, with three houses on the property
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ranches
FAQs
What type of property is this?
Ranch - Turnkey working ranch with fully lighted arena, covered barn, cross-fenced grazing, and multiple homes for income.
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 North East TX ranch with 6 cross‑fenced pastures for rotational grazing and current cattle operations; 100 x 225 fully lighted covered arena with connected 30 x 225 covered barn featuring 9 pipe pens and automatic water; Covered cattle working pens plus fencing and gated access, with three houses on the property
