Approximately 4.5 sections (2,918 acres, more or less) of the property include State Classified Minerals. For those who may not be familiar with this term, this means that the State of Texas owns these minerals; however, the State appoints the owner of the surface as the “agent for the State” to negotiate all mineral leases on behalf of the State, and the surface owner is entitled to receive one-half of all lease bonus money, delay rental money and 50% of any royalty collected from said lease. Having the right to lease and collect income from the State owned minerals is considered to be a huge benefit to the property.
The 2400 Ranch is very reasonably priced at $525 per acre. The property is located in an area that receives approximately 14 inches of annual rainfall. The ranch is focused on hunting and is ready to operate and enjoy. If you are in the market for a quality hunting ranch, the 2400 Ranch could be a great fit.
The 2400 Ranch is and exclusive listing with Chas. S Middleton and Son.
