5300 Cr 132
Morgan Mill, TX, 76465
$
375,000
Baths0.0
Monthly Estimate*
$
2,340
Studio for $375,000. The lot size is 15.186.
Assumable 4.5% interest rate with yearly dividends paid back to you! Here's a rare opportunity to own 15.186 breathtaking acres in the highly desirable Morgan Mill area of Erath County! This property is a true gem, offering a unique combination of natural beauty, topography, and essential infrastructure, making it the perfect canvas to build your dream home, weekend retreat, or ranchette. With approximately 90 feet of elevation change, the land offers stunning hilltop build sites with panoramic views that stretch for miles and miles. A gorgeous .37-acre pond adds serenity and character to the landscape, nestled among clusters of mature hardwood trees that provide both privacy and charm. The terrain is diverse yet usable, ideal for those seeking space, seclusion, and scenic beauty. A huge bonus—utilities are already in place! An OUTSTANDING WATER WELL is drilled to 260 feet and delivers a strong yield of 25 gallons per minute. Water well report confirms fresh, clean water, ready to support a homestead. ELECTRICITY IS ALSO IN PLACE, saving you time, money, and hassle. Whether you’re dreaming of a barndominium with views, a custom-built estate, or just a quiet escape from the hustle and bustle, this property checks all the boxes. AG EXEMPT, abundant wildlife, and paved road frontage, this place is your dream come true! Located just minutes from Stephenville and within the excellent Morgan Mill ISD, you’ll enjoy the perfect blend of peaceful country living with convenient access to town. Bring your building plans and your boots—this one is ready to go! Light deed restrictions state a minimum 1,800 SF home and no mobile homes allowed.
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Features
General
Development Status
Unzoned
Utilities
Co-op Electric
Well
Possession
Closing/Funding
current use
Hunting/Fishing
Restrictions
Deed
No Mobile Home
School District
Morgan Mill ISD
Exclusions
Minerals
Property Subtype
Unimproved Land
Subdivision Name
none
County
Erath
Property Type
Land
HOA Type
None
Status
Active
Directions
GPS Friendly
City
Morgan Mill
Elementary School Name
Morgan Mill
High School
Morgan Mill
Elementary School
Morgan Mill
Standard Status
Active
Listing Terms
Assumable
Cash
Conventional
Conventional Assumable
FHA
Texas Vet
USDA Loan
VA Loan
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Exterior
Lot Features
Acreage
Agricultural
Many Trees
Tank/ Pond
Fencing
Barbed Wire
Lot Size
10 to < 50 Acres
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* Excluded Features
List By
Michelle Reed
Listing Agent
Trinity Country Real Estate
Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,340
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Lots and land listings in Morgan Mill, TX
Average List Price
$375,000
Percent of Sale Price
0%
Trends Information provided by ATTOM Data Solutions.
3520115
Elementary School
5136348
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
9/3/2025
|
$375,000
|
-6.23%
|
Price Down
|
|
5/15/2025
|
$399,900
|
|
Listed Price
|