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    Ranch Land with Lake Views Title is generated by Realmo AI

    FM 1148, Graford, TX 76540

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    For Sale
    $2,464,000

    LAND - Graford, TX

    Lot size:
    320.00 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    106
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for FM 1148

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Fencing
    Perimeter
    Standard status
    Active
    APN
    09527
    Lot size
    320.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 320.000 AB 1977 TR 1ALEX STRINGER G#11
    Tax Annual Amount
    641

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate Dallas, TX

    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 Palo Pinto County ranch with Caudill Mountain (named county summit) rising to approx. 1,360+ ft elevation
    • Dual‑aspect views from elevated ridgelines, overlooking Possum Kingdom Lake and a sweeping valley panorama
    • Native oak, mesquite, and cedar with open pasture and grassed areas for wildlife and livestock grazing capacity
    • Two established stock tanks and a water tap support livestock and wildlife habitat
    • Approximately 2,000 ft of FM road frontage with access via an all‑weather road and available co‑op electric service
    • Unzoned and unrestricted; includes an on‑site cellular communications tower generating approx. $500/month rental income (operator pays electrical/service costs)

    Overview

    This ranch offering features 320+/- acres centered around Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. The terrain is notably varied, with rolling hills, rugged slopes, elevated ridgelines, and multiple scenic high points that create expansive, dual-aspect views toward Possum Kingdom Lake and the surrounding valley. Vegetation includes native oak, mesquite, and cedar, alongside open pasture and grassed areas that support functional grazing. Ranch improvements include two established stock tanks and a water tap, enhancing utility for wildlife and livestock operations.

    The property benefits from approximately 2,000 feet of FM road frontage and an all-weather road providing access. Co-op electric service is available, and the ranch is currently carried with an existing agricultural exemption. A cellular communications tower on-site provides supplemental income, generating approximately $500 per month, with electrical service and related utility costs paid by the tower operator.

    With no zoning and unrestricted status, the land offers flexibility for a range of uses, including cattle operations, hunting and recreational activities, a private estate, or long-term investment holding with future residential development in mind. The diverse cover and elevation changes help support abundant wildlife, including whitetail deer, hogs, dove, ducks, and other native game species.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -97.7264
    Latitude
    31.1169

    FAQs

    What type of property is this?
    Ranch - Elevated ranch property with substantial frontage, established water features, and income-producing cellular tower potential.
    Where is this ranch located?
    The property is located at 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 Palo Pinto County ranch with Caudill Mountain (named county summit) rising to approx. 1,360+ ft elevation; Dual‑aspect views from elevated ridgelines, overlooking Possum Kingdom Lake and a sweeping valley panorama; Native oak, mesquite, and cedar with open pasture and grassed areas for wildlife and livestock grazing capacity
    More about this property
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