TBD-196.5 acres Fm 116 Road
Gatesville, TX, 76528 $ 2,141,850
Baths0.0 Monthly Estimate*
$ 13,362
Studio for $2,141,850. The lot size is 196.5.
196.5± Acre Ranch – Gatesville, TX This 196.5-acre ranch, located just south of Gatesville off FM 116, offers an exceptional blend of productive pasture, wooded privacy, and natural beauty. With rolling terrain and an 80-foot elevation change, the property provides sweeping views of the surrounding countryside and multiple ideal homesites for your dream ranch retreat. The land is approximately 60% open pasture, well-suited for cattle or horses, with the balance covered in a diverse mix of hardwoods—Oak, Pecan, Mesquite, and Cedar—providing excellent shade, wildlife habitat, and character. Cottonwood Creek meanders through the ranch, accented by 10–20 ft. limestone bluffs that add a dramatic backdrop and create a one-of-a-kind setting. Water is a true highlight: a windmill water well supplies reliable water, complemented by a smaller stock tank and a newly constructed tank over an acre in size, perfect for livestock, wildlife, or fishing. Improvements include a 30' x 60' barn, functional cattle pens, and well-maintained fencing, making the property immediately usable for livestock operations. The open pastures provide strong grazing potential, while the wooded areas offer cover for wildlife, making this ranch equally attractive for both ranching and recreational pursuits. The location combines seclusion with accessibility—just 2.3 miles from Coryell Health Hospital, within Gatesville ISD, and a short 30-minute drive to Waco, Temple, or Killeen. Whether you are seeking a working cattle ranch, a recreational getaway, or a scenic place to build a custom home, this property offers the versatility to fit your vision. With its blend of improvements, water resources, dramatic creek frontage, and rolling views, this ranch represents a rare opportunity to own a showcase property in the heart of Central Texas.
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FeaturesGeneralDevelopment Status Unzoned
Heating None
Cooling None
Utilities All Weather Road Asphalt Co-op Electric Electricity Available Outside City Limits Well
Possession Closing/Funding
current use Cattle Grazing
Restrictions Deed
School District Gatesville ISD
Crops Bluestem Native
Property Subtype Ranch
Subdivision Name J Thompson
Occupant Type Vacant
County Coryell
Property Type Land
HOA Type None
Special Notes Aerial Photo Deed Restrictions
Status Active
Directions Starting at the intersection of Highway 84 and FM 116 proceed south on FM 116 for 1.8 miles. The property will be located on your left.
City Gatesville
Elementary School Name Gatesville
High School Gatesville
Elementary School Gatesville
Standard Status Active
Junior High School Gatesville
Listing Terms 1031 Exchange Cash Conventional Federal Land Bank
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ExteriorWaterfront 0
Lot Features Acreage Brush Cedar Mesquite Oak Park View Pasture Rock Outcropping Rolling Slope Tank/ Pond
Vegetation Brush Grassed Partially Wooded
Fencing Barbed Wire Net Partial
WaterFront Features Creek
Lot Size Over 100 Acres
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* Excluded FeaturesList ByCalvin BurksListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $13,362
- Monthly Property Taxes
- $28
- 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.
Learn more about how to save NearbyLots and land listings in Gatesville, TX
Average List Price $500,648
Percent of Sale Price 77%
About Gatesville, TX 12,452 Population
0% Since 2002
$ 42,219 Median Income
37.43 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
992454 Elementary School
3678461 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/11/2025 | $2,141,850 | | Listed Price |