Ranch with Lake
For Sale
$12,995,100
FM 1148, Graham, TX 76450
Land, Graham, TX
Property SizeContact for details
Lot Size1,104.00 Acres
Days on Market94
Property Features for FM 1148
General Information
Property type
Land
Property subtype
Other
Vegetation
Brush
Lot features
Acreage, Agricultural, Cleared, Hardwood Trees, Pasture, Pond On Lot, Ravine, Rolling Slope, Rock Outcropping, Many Trees, Steep Slope, Sloped, Few Trees, Wooded
View
Water
Elementary school
Graford
Middle school
Graford
High school
Graford
Elementary school district
Graford ISD
Middle school district
Graford ISD
High school district
Graford ISD
Directions
FROM GRAHAM, TAKE FM 1287 SOUTH TO FM 1148 AND TURN LEFT ONTO FM 1148. GO APPROXIMATELY 7.4 MILES AND THE DOUBLE GATE IS ON THE LEFT WITH THE CAPITOL RANCH FOR SALE SIGN ON THE GATE.
Standard status
Active
APN
1006
Lot size
1,104.00 Acres
Listing Agency:
Capitol Ranch Real Estate
(855) 968-1200
Listed By:
Steve Ruffner · License #559176
(979) 530-7010
Added: Jun 6
Changed: Sep 5
Last Checked: Sep 7 at 9:06PM
MLS# 21291125
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 1,104-acre ranch in Palo Pinto County combines rolling ridges, deep draws, scenic valleys, and pronounced elevation changes. The contiguous tract includes native hardwoods, mesquite, cedar, and dense brush, creating habitat for whitetail deer, turkey, wild hogs, and other native species. Elevated areas provide views of Possum Kingdom Lake and the surrounding countryside, with multiple locations identified as potential homesites.
The property is accessed from FM 1148 near Graham, Texas, west of the DFW Metroplex. Its physical characteristics support the uses described for the ranch, including cattle grazing, hunting, wildlife management, equestrian activities, trail riding, conservation programs, and a private ranch headquarters or family retreat. The acreage has remained with the same family for generations.
The property is accessed from FM 1148 near Graham, Texas, west of the DFW Metroplex. Its physical characteristics support the uses described for the ranch, including cattle grazing, hunting, wildlife management, equestrian activities, trail riding, conservation programs, and a private ranch headquarters or family retreat. The acreage has remained with the same family for generations.
Key Highlights
- 1,104‑acre contiguous ranch in Palo Pinto County, Texas
- Elevated locations with views of Possum Kingdom Lake and surrounding countryside
- Rolling ridges, deep draws, scenic valleys, and significant elevation changes
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 76450, TX
13,026
Population
6,238
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
487.4 sq mi
ZIP Area
27
Density / Sq Mi
$67,076
Median Household Income
$40,242
Median Earnings
$957
Median Rent
$187,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Ranch - Wooded ranchland features varied terrain, wildlife habitat, and elevated locations overlooking Possum Kingdom Lake.
Where is this ranch located?
The property is located at FM 1148 Graham, TX.
What is the asking price?
The asking price for this property is $12,995,100.
What are key features of this property?
This property features: 1,104‑acre contiguous ranch in Palo Pinto County, Texas; Elevated locations with views of Possum Kingdom Lake and surrounding countryside; Rolling ridges, deep draws, scenic valleys, and significant elevation changes
