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TBD FM 1148

Graham TX 76450

13939200 sq. ft.
Land
Currently for sale - view listing

Overview

An exceptional opportunity to acquire 320± acres overlooking Possum Kingdom Lake in the heart of Palo Pinto County, featuring Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. This unique high point offers commanding views of Possum Kingdom Lake on one side and a sweeping valley panorama on the other, creating a rare dual-aspect vantage seldom found on privately held ranch land. The property showcases dramatic topography with rolling hills, rugged slopes, elevated ridgelines, and scenic high points that provide expansive views from multiple locations. Native oak, mesquite, and cedar blend with open pasture and grassed areas, delivering both visual appeal and functional grazing capacity. Two established stock tanks and a water tap enhance the ranch’s recreational and agricultural utility, supporting wildlife and livestock operations. The property benefits from an existing agricultural exemption and is well-suited for cattle operations, hunting, recreational use, and future residential development. The ranch also includes a cellular communications tower generating approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator, providing supplemental passive revenue. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted, allowing flexibility for a private estate, legacy ranch, recreational retreat, or long-term investment holding. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property. This is a rare opportunity to own a landmark-quality ranch centered around one of Palo Pinto County’s signature high points—offering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.

Features

13939200 sq. ft. lot size
Land

Property history for TBD FM 1148

2022
Sold
Undisclosed
28 Jul 2022 by Kandy Hale Maberry, of Williams Trew Real Estate
2021
Sold
Undisclosed
10 Jul 2021 by Jenna Hawkins, of RE/MAX Trinity

Happy sellers in Graham

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We have insufficient information to provide an overview of customer satisfaction for Graham. Viewing the agent profiles, reviews and sales for Graham can provide insights for this location.

Local market activity for land plots in Graham

In the last 12 months, 22 land plots similar to TBD FM 1148, have been sold.

This represents a 22% decrease in land plots sales when compared to the previous 12 months.

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