TBD Fm 116
Gatesville, TX, 76528
$
820,515
Baths0.0
Monthly Estimate*
$
5,052
Studio for $820,515. The lot size is 86.37.
Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37± acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200–250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage.
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Features
General
Development Status
Unzoned
Utilities
Asphalt
Electricity Available
Sewer Not Available
Possession
Closing/Funding
current use
Agricultural
Cattle
Crops and Livestock
Grazing
Hunting/Fishing
Pasture
Restrictions
No Known Restriction(s)
School District
Gatesville ISD
Crops
Improved Pasture
Native
Exclusions
Gray Storage Building - will be moved.
Property Subtype
Ranch
Subdivision Name
J Thompson
County
Coryell
Property Type
Land
HOA Type
None
Special Notes
Aerial Photo
Flood Plain
Verify Tax Exemptions
Other
Status
Active
Directions
From Gatesville
head West on Hwy 84 (Main St) and turn left onto FM 116 towards Killeen. Property will be on the left
watch for sign. GPS to entrance 31.3899
-97.8127.
City
Gatesville
Elementary School Name
Gatesville
High School
Gatesville
Elementary School
Gatesville
Standard Status
Active
Junior High School
Gatesville
Listing Terms
Cash
Conventional
Texas Vet
VA Loan
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Exterior
Waterfront
1
Lot Features
Acreage
Pasture
Tank/ Pond
Fencing
Barbed Wire
Cross Fenced
Perimeter
Soil Type
Clay
WaterFront Features
Creek
Lot Size
50 to =< 100 Acres
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* Excluded Features
List By
Kim Hill Real Estate Group
Broker
Affordability Calculator
- Monthly Principal & Interest
- $5,052
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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
Nearby
Lots and land listings in Gatesville, TX
Average List Price
$631,892
Percent of Sale Price
23%
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 |
|
6/8/2026
|
$820,515
|
|
Listed Price
|