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Mehaffey Ranch $4,196,000 (Reduced)
January 31, 2017
texas land for sale eustace texas
1880 Ranch $699,300
June 15, 2017

$235,000 | 84 +/- Acres

At a Glance

Location

Penelope Farm is only a 1 1/2-hour drive south from downtown Dallas or Fort Worth, about halfway between Aquila Lake and Navarro Mills Lake. Just take I-35 East-South from Dallas or I-35 West-South from Fort Worth. Thirty-five minutes north of Waco, a mere 13 miles from West, TX, and just minutes north of Penelope, TX. Its proximity to Interstate 35 makes this farm even more attractive.

Water

There are two dirt tanks on the ranch, affording livestock water in each pasture and some lively dove and duck shooting, in season. A new owner could take advantage of the seasonal creek and potentially create another source of water for livestock and wildlife. A 50-foot-wide water line easement runs through the property in a northwesterly direction.

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W ildlife. Duck and Dove hunting will be terrific on Penelope Farm. Approximately 500 feet from the northern fence (700 total feet from the arrowhead shaped water tank), sits an approximate 26-acre lake that holds a plethora of ducks during the migration every year. The hunting on Penelope Farm will be even more productive if the new owner decides to plant sunflowers for the dove and add more to the duck habitat. The row crops being grown on properties nearby add even more to the hunting. The current owner reports that they see occasional hogs and whitetail deer on the property.

Improvements

The perimeter fencing at Penelope Farm is in great shape and consists of 7 strand barbed wire. There is one cross fence that dissects the property almost in half; it is also 7 strand barb wire and approximately 1,400 feet in length.

Land

Penelope Farm is 99% open with excellent native grasses including little bluestem, side-oats grama and common bermuda. The owner has sprayed for weeds this year (2017) using Grazon and implemented 200lbs per acre of fertilizer. The place will carry 12 pairs from March to July, if properly rotated and the winter grasses get shredded. 
The ranch is perimeter fenced and cross-fenced into two pastures, each with a water source for livestock and some tree cover for loafing on hot days in the summer. County Road 3221 borders the ranch along the southern fence line. The highest point on the ranch is at the southern entry gate, at 573’, while the lowest point is in the western portion of the farm, near the seasonal creek, at 550’. The soils on the ranch consist of Houston Black clay, Ferris-Heiden complex, Ferris clay, and Heiden clay, all well suited for pasture and wildlife.
This property would be a great place for the Buyer looking for a place to pasture a few cow/calf pairs, do some dove and duck shooting and build that dream home in the country where there is plenty of room to roam.

Taxes

Penelope Farm has an Agriculture Exemption and the taxes in 2016 were approximately $100.

Property Summary

Penelope Farm is a turn-key cattle operation. Fenced and cross-fenced with stock water and some tree cover for loafing. 99% of the property is open, consisting of excellent grazing grasses. The property provides fishing as well as dove and duck shooting for the sportsman. Competitively priced to sell and only 1 1/2 hours from Dallas or Fort Worth and 35 minutes north of Waco, this property may be exactly what you’ve been looking for.

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The above information is from sources deemed reliable, however the accuracy is not guaranteed. No Fences Land Co. assumes no liability for error, omissions or investment results.

All property boundaries shown herein are approximations and are for illustrative purposes only and, to the extent that such property boundaries are material to buyer’s decision, buyer shall independently verify.

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