Texas LAND Summer 2026

29,294 ± Acres | Jeff Davis County, Texas

Inside

TEXAS LAND SUMMER 2026

Caldwell Ranch

Caldwell Ranch is an iconic, high-elevation West Texas holding encompassing 29,294± acres in the pine- and oak-covered Davis Mountains of Jeff Davis County.

Republic Ranches: Doing Business by the Numbers

From its inception in 2011, the Republic Ranches team recognized that good numbers are the foundation of good decisions that benefit their clients, resulting in strong, lasting relationships.

20 MARKET

Texas Land Market Report

Research economist Dr. Charles Gilliland reports on Texas land markets for the first quarter of 2026.

Texas Ranch Sales

Five Questions About Land Economics

Lorie Woodward sat down with Dr. Charles Gilliland to discuss the forces that shape the economics of the Texas’ land market.

Private Lands Summit

TWA’s 13 th Annual Private Lands Summit “Keeping Trouble Outside the Fenceline,” scheduled for July 9 in San Antonio.

Cover photo by Laurence Parent Photography, Inc.

282± Acres in Bosque County, Texas

1,768±

1,845± Acres in Fayette County, Texas

11,893± Acres in Culberson County, Texas

2,541.86±

in Walker County, Texas

4,486.4±

in Nolan & Coke Counties, Texas

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the world.

Recently, I learned of the passing of a dear friend, Daniel Kirkwood Fordice III.

By every conventional measure, Dan was successful. He was a respected business leader, pilot, outdoorsman, veteran, conservation advocate, and national industry figure. He led a fourth-generation construction company, served as National President of the Associated General Contractors of America, flew historic WWII aircraft, supported veterans through nonprofit foundations, and built a life filled with extraordinary experiences.

As I reflect on Dan’s life, what stands out to me most is not his numerous accomplishments, but his purpose. His legacy is not his enviable resume, but his unwavering to service, faith, family, stewardship, leadership, adventure, generosity, and bringing people together. Whether flying historic aircraft to honor veterans, mentoring others, supporting wounded warriors, gathering family around a table, or simply leading prayer among friends, his life reflected something increasingly rare today—a definition of success that extends far beyond personal achievement.

Success is an interesting thing because it means something different to everyone.

For some, success is measured in financial terms—amassing $10 million dollars in the bank, owning a 10,000-acre ranch, or building a business substantial enough to leave a permanent mark. For others, success is almost the opposite— giving $10 million dollars away each year, placing 10,000 acres into conservation

easements, or dedicating their lives to causes larger than themselves.

Most of us probably live somewhere in the middle.

As I have matured, both personally and professionally, I have come to believe that success is rarely one-dimensional. It changes over time. What seems critically important in one season of life often gives way to deeper priorities later. Achievement, wealth, recognition, family, faith, stewardship, legacy, and purpose eventually begin overlapping in ways that are difficult to separate.

In the land business, I have had the privilege of knowing people who embody every version of success imaginable. Some built remarkable ranching operations. Some became extraordinary entrepreneurs and investors. Others quietly committed themselves to conservation, wildlife management, agriculture, ministry, or community leadership. Yet the people I admire most tend to share one common trait regardless of their individual goals: they focus on what they are good at, they work hard at it consistently, and they genuinely enjoy the process.

That last part matters more than many people realize.

Too often people spend their lives chasing outcomes while failing to appreciate the work itself. The truth is, very few meaningful accomplishments happen quickly. Land teaches that lesson better than almost anything. Ranches,

farms, wildlife programs, businesses, and families are all built season by season, decision by decision, day by day in good times and in bad.

Character is formed in the process of building.

Do your work well. Be dependable. Continue learning. Improve where you can. Appreciate the people around you. Find something meaningful that you genuinely enjoy doing and commit yourself fully to it. Some days the results will exceed expectations. Other days they will fall short despite your best efforts.

The ups and downs are simply part of life.

I have also learned that none of us control every outcome no matter how disciplined, talented, or determined we may be. At some point, faith enters the equation. We do the best we can each day, trust God with the rest, and understand that many of the most important things in life are ultimately bigger than our own plans.

As you enjoy this summer issue of Texas LAND magazine, I hope you find inspiration not only in the remarkable properties and people featured in these pages, but also in the reminder that your success does not have to look the same anyone else.

In the end, what matters most is pursuing meaningful work with integrity, gratitude, humility, and purpose.

The rest tends to take care of itself.

TOM ALEXANDER Publisher talexander@land.com

LAND Brokers

Contributors

Cody J. Musick, RPLS, is the founder of Waymaker | Land Advisors & Surveyors, based in Fredericksburg, Texas. With nearly two decades of experience in professional land surveying, Musick and his team specialize in helping families, estates, and rural landowners navigate the complexities of dividing and developing land responsibly. After a successful career in the energy sector, he founded Waymaker in 2020 with a mission of bringing clarity, integrity, and intentionality to rural land planning. Musick’s work blends technical expertise with strategic advice to help families find clarity, protect peace, and preserve value around their greatest asset— land. Find out more at WaymakerLand.com

Dr. Charles Gilliland grew up on a cattle ranch and graduated from Regis College in Denver, Colorado. He currently holds an appointment as a research economist with the Texas Real Estate Research Center at Texas A&M University and an appointment as adjunct associate professor of agricultural economics at Texas A&M University. Dr. Gilliland is a Helen and O.N. Mitchell Fellow of Real Estate and a clinical professor of finance teaching real estate investment analysis for the master of real estate program at the Texas Real Estate Research Center at Texas A&M University. Find out more at RECenter.tamu.edu

The Texas Wildlife Association is a statewide membership organization that serves Texas wildlife and its habitat, while protecting property rights, hunting heritage and the conservation efforts of those who value and steward wildlife resources. TWA focuses its mission on private landowners and their ethical relationship to the land, and TWA concentrates on issues relating to private property, hunting and hunter rights, and conservation of our natural resources. The organization’s headquarters is located in New Braunfels, Texas. Find out more at Texas-Wildlife.org

DESIGNER & COPY EDITOR

Jehan Glaze jglaze @land.com

Lorie A. Woodward lwoodward@land.com

+ Comments Tom Alexander talexander@land.com

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©Copyright 2026 CoStar Group. All rights reserved. No part of this publication may be reproduced without written permission from the publisher. LAND Magazines are published by CoStar Group, Rollingwood Town Center – Building 1, 2500 Bee Caves Rd, Suite 400 Austin, Texas 78746. Information provided to CoStar Group is deemed reliable but not guaranteed. The publisher will not be responsible for any omissions, errors, typographical mistakes or misinformation within this publication. Measurements and figures are approximate. Properties are subject to errors, omissions, prior change or prior sale. The real estate advertised in this magazine is subject to the Federal Fair Housing Act of 1968 and it’s amendments. This magazine will not knowingly accept any advertising for real estate which is in violation of the law. Dwellings advertised in this magazine are available on an equal opportunity basis. Printed in the USA.

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Caldwell Ranch

29,294± ACRES IN JEFF DAVIS COUNTY, TEXAS

PRESENTED BY KING LAND & WATER, LLC

Caldwell Ranch is an iconic, high-elevation West Texas holding encompassing 29,294± acres in the pineand oak-covered Davis Mountains of Jeff Davis County. Set along the Scenic Loop near Highways 118 and 166, it offers protected views, cool mountain air and some of the darkest skies in the state—about 12 miles from the McDonald Observatory and roughly 25 miles from Fort Davis, its renowned state park and historic site.

The Caldwell borders a vast, conservationminded neighborhood, sharing more than 13 miles of boundary with the 33,000acre Davis Mountains Preserve owned by The Nature Conservancy and situated among other large ranches protected by conservation easements. Elevations range from approximately 5,227 to 6,561 feet, creating a true “Sky Island” environment— cooler and wetter than surrounding desert lowlands—where forested slopes give way to open grasslands and dramatic canyons.

Cherry Creek runs south to north through the heart of the ranch, carving steep

canyons and deep ravines. An extensive interior road system reaches high overlooks and remote country, including well-known points such as Robbers Roost, Friend Mountain and Three Points, plus drainages like Bicycle, Grapevine, Buckley and Newman canyons. Along the eastern boundary, the Caldwell forms the western rim of Madera Canyon, often called the “Bryce Canyon of Texas,” a striking geologic backdrop that emphasizes the ranch’s scale and privacy.

Mile-high grasslands of cane bluestem, blue grama, sideoats grama and muley grass are just one component of the superlative native habitat. Alligator juniper, piñon pine, Emory, gray, chinkapin and grave oaks dot the highlands, while cottonwood, Arizona ash, Mexican walnut, cherry, willow and madrone shade the lower elevations, adding diversity to the landscape. Seasonal creeks, sheltered draws, and north-facing slopes create cooler microclimates and lush pockets uncommon in West Texas, supporting long-term ecological resilience.

Wildlife is abundant and diverse, with strong resident populations of Rocky Mountain elk, desert mule deer and whitetailed deer. Aoudad scramble along rugged canyon walls. Mountain lions and black bears occur alongside javelina, fox, ringtail, coyote, bobcat and feral hogs. Located within a renowned neotropical migratory bird corridor, the ranch attracts seasonal hummingbirds, tanagers, warblers and grosbeaks, while resident Montezuma quail thrive in higher elevations and grasslands.

Water infrastructure is extensive and designed for year-round use by livestock and wildlife. In addition to the seasonal surface flow along Cherry Creek and tributaries, the ranch includes roughly 40 miles of buried pipeline supplied by six electric and solar-powered wells, feeding

Caldwell Ranch offers

a rare opportunity to own a legacy-scale mountain ranch in one of Texas’s most scenic and biologically diverse regions

approximately 93 strategically placed water troughs to distribute dependable water access across varied terrain.

Improvements completed within the past decade make the Caldwell a private mountain retreat capable of hosting family, friends and large gatherings without compromising the land. The headquarters and guest compound sit in a secluded valley several miles off the Scenic Loop and include a main bunkhouse, multiple guest houses of varying style and capacity, and a historic private lodge. Lifestyle amenities feature a solar-heated, 75-foot pool with landscaped grounds; a snack bar with a commercial kitchen and dining capacity; a pavilion with bar and BBQ; a remodeled cantina; a gym with massage room and sauna; and an outdoor pickleball court.

Operational infrastructure supports continued ranching and stewardship, including a remodeled barn with shop and storage, headquarters cattle pens and chute, additional working pens, a chicken coop and greenhouse, and approximately 33 miles of new fencing. Utilities are built for reliability and safety with 400-amp commercial electric service, backup generators, security systems at key facilities, and 14 fire standpipes distributed across the ranch.

With its unmatched conservation setting, dramatic topography, abundant water and wildlife, and turnkey improvements, the Caldwell Ranch offers a rare opportunity to own a legacyscale mountain ranch in one of Texas’s most scenic and biologically diverse regions. °

Texas Land Markets

Despite negative headwinds instigated by high interest rates, Texas land markets showed remarkable resilience. In the first quarter of 2026, prices climbed a substantial 6 percent to $5,246 per acre with a 5 percent increase in the number of sales over first quarter 2025 to 3,749 transactions. Total acres receded 8 percent indicating an increase in the volume of small properties sales. Total acres sold declined in all regions, indicating a trend to sales of smaller tracts. These developments banished bearish expectations as markets appeared to have weathered fears of retrenchment following rapid price growth following the pandemic.

Observers reported a remarkable surge in purchase for construction of data centers and chip manufacturing facilities. Developers of these installations reportedly paid 10 times current market prices for their sites in rural areas. Reportedly, developers look for properties located in areas with reliable electrical utilities that can provide the power needed to support their activity. The rush to develop these centers to support development of artificial intelligence models has inspired considerable resistance from a vocal segment of the public. However, where developers successfully install centers, they may boost prices of nearby land.

Panhandle and South Plains

Despite challenges to profitability in commodity production, markets in this row-crop dominated region remained stable. Price per acre settled at $1,828, up an inconsequential 2 percent from a year ago. However, at 342 transactions, volume sales of 47,467 acres dropped to levels last seen in 2017. That meagre acreage dropped total dollar volume down 13 percent to $86.8 million.

Far West Texas

The small volume of sales, only 26 over four quarters, yields little evidence of general market trends in West Texas. Price for those sales reached $630 per acre, retreating 8 percent from 2025.

West Texas

At $2,947 per acre, west Texas land prices continued to post remarkable gains, rising 13 percent over the past year. Despite a 12 percent drop in total acres sold to 79,951 acres, the price increase gain stabilized total dollar volume at

First Quarter 2026

REPORT BY CHARLES E. GILLILAND, PH.D. Research Economist, Texas Real Estate Research Center at Texas A&M University

$209.1 million, a 0.5 percent decline. Transactions increased 6 percent to 526 sales.

Northeast Texas

Prices remained steady in this region, rising only 1 percent to $8,960 per acre. Buoyed by the steady prices, total dollar volume reached $256.8 million, up 9 percent based on an 8 percent increase in total acres to 28,658 acres. The number of sales edged up 1 percent to 844 transactions.

Gulf Coast –Brazos Bottom

This region saw prices surge 10 percent to $11,698 per acre. The 530 transactions represented a 1 percent ebb in volume leading to a 15 percent drop in total acres sold to 17,734 acres resulting in a 10 percent drop in average acreage to 129 acres. The retreat in numbers of sales and total acres caused a 6 percent reduction in total dollar volume to $207.5 million.

South Texas

A remarkable surge of 40 percent increase in total acres to 31,856 acres combined

with a 5 percent price increase to $6,277 per acre. These increases drove total dollar volume to $200.0 million, up 47 percent. The number of sales rose 27 percent to 403 at an average size of 298 acres. South Texas was extremely active.

Austin-WacoHill Country

This region posted a strong price increase of 8 percent to $8,028 per acre. The price trend coincided with an increase in activity as the number of transactions rose 5 percent to 1,078 representing the transfer of 53,554 acres, an increase of 10 percent. At 201 acres, the average size fell 4 percent. Total dollar volume increased 19 percent to $429.9 million.

The Future

The safe haven offered to landowners during uncertain times appears to have attracted buyers who willingly overlook the higher prices. Current trends in inflation and international affairs point to more of the same going forward. Given that unforeseen developments may shock current trends, the year ahead appears poised to be active with rising prices.

THE WAY FORWARD

Dividing Family Land Rules, Regulations and Realities

The physical realities of boundaries, access, utilities and water shape what is possible during land divisions, but the regulatory environment governing how land can be divided is where most families encounter their biggest surprises.

Many landowners, and even some real estate professionals, do not know what separates a land survey from a plat. In simplest terms, a survey monuments*, describes and defines either single tracts or multiple tracts, while a plat is a survey creating multiple tracts simultaneously that has gone through a specific administrative process with the governing authority. Both define land. The process and the requirements are drastically different. Subdivision regulations create the most friction at exactly the size segment where the most economic activity is happening. Small Tracts, roughly 10 to 160 acres as defined by the Texas Real Estate Research Center at Texas A&M University, now account for 55 percent to 60 percent of all rural land sales in Texas**. Nearly all those small rural tracts originate from working farm and ranch land.

County Subdivision Rules

The county's authority to regulate subdivisions flows from the Texas Local Government Code, Chapter 232. Almost every county that is

experiencing meaningful growth has adopted formal subdivision regulations. In most cases, any tract of 10 acres or less will be subject to both state and county subdivision regulations and permitting requirements.

We see this most often when families want to set aside small homestead tracts for a family member to build on the family land. A lender is typically satisfied collateralizing a one- to two-acre homesite with an access easement, but many counties require families to carve out much larger tracts, often 10 acres or more, to avoid triggering full subdivision platting requirements.

Exceptions to County Platting

Local Government Code 232.0015(e) allows land to be divided without a county-approved plat when the transfer is to an individual related to the owner within the third degree by consanguinity or affinity, being related by blood or marriage respectively. However, if that tract is later sold, given or otherwise transferred to someone outside that family relationship, full county platting requirements apply retroactively.

A recent Gillespie County case makes this plain. A family owned an 11-acre parcel and gave 3 acres to a son to build a home beside the family home. They followed every rule. The transfer was clean.

Months later, medical hardship forced the son to sell before he could build the home. The new buyer, who was a nonfamily member, wanted to build a house. The county rejected the buyer’s permit application, citing the tract as “nonconforming” (i.e.

an illegitimate tract of land). Because the land had left family hands, full county platting requirements now applied.

It took six months, $8,500+ in fees and a quarter-acre of land dedicated to the county for road right-of-way before the plat was approved and permits were issued. The family narrowly escaped litigation with the buyer.

Getting the desired end result required a plat application with fees, approval letters from the local underground water district, a county sanitarian permit for on-site septic, a watershed and

drainage study, FEMA floodplain documentation, an electrical service letter from the local cooperative, a right-of-way entry permit for a new gated entrance and proof that taxes were current, all in addition to surveying and consulting fees.

That is the trap. You can do everything right. Your son or daughter can do everything right. But the moment that piece of land eventually leaves the family, the buyer inherits everything the family was excused from.

Floodplains, Floodways and Watershed Impact

This is an area of growing cost and complexity for small-tract development across Texas. Dividing land that carries floodplain or floodway designations, especially where permanent improvements are likely, can significantly affect property values and future usability. Many counties across the Texas Hill Country have adopted rigorous floodplain development standards that affect even large acreage tracts, particularly those being subdivided to manage estates and heirship.

Conclusion

Regulatory compliance is not a box to check. It is a long-term condition that follows the land, not the family.

The families who navigate these challenges most successfully are not smarter or luckier. They started the process with someone whose job was to ask these questions before the land was divided, not after.

In our next installment, we will explore: balancing fair versus equal, aligning family intentions and avoiding undivided interests that quietly strain families for generations. °

Find Out More

For a step-by-step guide about land division, scan the QR code.

* When surveyors establish property corners, whether recovering old or establishing new corners, they state that the corners have been "monumented."

** (Source: Texas Real Estate Research Center at Texas A&M University, "The Shifting Dynamics of Small and Large Land Tracts," March 2026.) https://trerc.tamu.edu/blog/the-shifting-dynamics-of-small-and-largeland-tracts/

By Cody J. Musick, RPLS Founder, Waymaker | Land Advisors & Surveyors

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Bosque Mountain Ranch

PREVIOUSLY KNOWN AS ROUND MOUNTAIN RANCH OR RMR

282± ACRES IN BOSQUE COUNTY, TEXAS

1.5 HOURS TO DALLAS & FORT WORTH

PRESENTED BY ICON GLOBAL

Bosque Mountain Ranch is an idyllic opportunity for an incredible private family retreat one and a half hours south of Dallas-Fort Worth. The property offers a quick and easy, retreat in the peaceful, highly desirable Hill Country of Bosque County. One hour from Waco and two hours from Austin, Bosque Mountain Ranch provides easy access from larger surrounding cities as well as the town of Clifton, which offers five-star dining, necessary services, and the Clifton Aero Airport.

This modern ranch is perfect as an upscale private family retreat or an ideal event venue. It has been privately utilized in the past for celebrity and corporate guests. It is also a perfect offering for multi-family ownership and boosts incredible and thoughtful amenities, spaces and features.

The ranch offers state-of-the-art facilities and upscale amenities throughout the main compound, including a 6,900-square-foot main house with incredible entertaining, dining, den, and kitchen areas, and two master bedroom suites, as well as two additional large bedrooms.

The 4,200-square-foot pool house/fun house offers a game room, dance floor, full bar, and additional accommodation for family and guests, with two large bunkrooms incorporating 16 double-sized bunk beds.

A fully self-contained luxurious casita features an additional private master and bathroom suite. There is a 3,550-square-foot living and entertaining area on the second floor above the equestrian dream horse barn, which contains a separate kitchen, bar, fireplace, and three more large bedrooms. Other amenities include a huge barbecue, outdoor pool pavilion, meticulous hobby shop and equipment barns, a sports shack with a lake to shoot skeet over, a fishing cabin and more.

With an elevated architectural design and interior finishes, this ranch stands alone in its class. Details such as reclaimed beams from an old barn sourced through Homestead Heritage in Waco and custom brackets fabricated onsite. The limestone exterior finishes, along with detailed herringbone brick patios, make this ranch home feel warm and welcoming yet modern, efficient and luxurious.

Attention to detail, organization and operating efficiencies are notable throughout the

ranch as well as significant additions and upgrades to all aspects of security, power and independent infrastructure. The ranch operates on a private water well, incorporates underground electrical lines, security systems, and provides complete Wi-Fi, all backed up by two independent generators. Each generator has a designed enclosure matching the compound’s aesthetics.

Wildlife is abundant and ranges from whitetail deer and quail to turkeys, hogs, foxes, bobcats and other game that come regularly to the feeders. It is a true animal haven.

Recreation options are numerous at Bosque Mountain Ranch and in the surrounding area. Endless ranch activities range from trail rides and fishing to enjoying the pool and outdoor kitchen in the pavilion. Jeep rides and walks to the top of the mountain are an incredible ending to a day full of adventure to capture the endless sunsets over the valley.

Bosque Mountain Ranch is a rare opportunity encompassing everything a family would want in a ranch retreat–incredible nature, tranquility, topography and easy access. It’s a true Hill Country mountain escape. °

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282± ACRES

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Bar Nothing Ranch

1,845± ACRES IN MULDOON, TEXAS

PRESENTED BY DULLNIG RANCH SALES

During the 1970s and 1980s, the Bar Nothing Ranch played a significant role in the growth of the Beefmaster cattle breed—famously endorsed by baseball legend and Texas rancher Nolan Ryan. Large sales of this now-iconic breed were held on the property, drawing cattle buyers from across the country. The ranch surrounds the small town of Muldoon, a community with a rich and colorful past, named for Father Michael Muldoon, a clergyman who briefly served Stephen F. Austin’s first colonists.

Opportunities to own a property like the Bar Nothing Ranch are few and far between— and only becoming rarer with time. Owned and operated by the same family since 1971, the Bar Nothing Ranch stands as the largest contiguous property in Fayette County. Its upside potential is tremendous, thanks in part to its central location

between three of the largest cities in the state. The ranch itself is nothing short of exceptional, offering sweeping pastures, towering hardwoods, lush creek bottoms, striking elevation changes, well-placed improvements, and abundant surface and subsurface water. It’s a landscape with both legacy and limitless possibilities.

The main residence sits in a spectacular setting beneath towering oak and elm trees, overlooking the Buckners Creek bottom for truly breathtaking views. Built in the early 1970s and featured in Architectural Digest soon after, the home showcases an open-concept living and dining area with floor-to-ceiling windows that frame uninterrupted vistas. Outdoor features include a pool, covered pavilion, threevehicle carport with ranch headquarters including an office, horse barn, cattle working pens, a hay barn and multiple barn/ storage buildings. There is a low fence

perimeter and extensive cross-fencing designed for efficient cattle rotation.

Live Oak Creek and Chandler Branch Creek converge into Buckners Creek on the property, with each holding water yearround and flowing consistently. Blue Lake, the largest body of water on the ranch, spans 6± acres when full and includes two islands. One of the four water wells previously supplemented Blue Lake to maintain a constant level plus there are two other ponds, water troughs in every pasture, and municipal water to the home.

The ranch is teeming with wildlife, including a robust population of whitetail deer, Rio Grande turkeys, dove, wild hogs plus abundant migrating waterfowl in Fall and Winter. Fishing opportunities for bass, catfish and perch are available both in Blue Lake and Buckners Creek. °

Koehn Ranch and Farm

11,893± ACRES IN VAN HORN, TEXAS

PRESENTED BY KING LAND & WATER, LLC

The Koehn Ranch and Farm is located 13 miles east of Van Horn, Texas, fronting Interstate 10 for three miles at Michigan Flat Exit #153. The ranch also has frontage on Evergreen Road, a well-maintained county road that runs through the property on the west side to Highway 90, giving great year-round access. The main entrance leads through a 100-acre mature pecan orchard with a 25-yearold, pine-lined driveway. There is a 350-acre tract north of I-10 that fronts on the Union Pacific Railroad.

This is one of the most important operating irrigated farms in the region with 14,202.5 acre/foot of permitted agricultural water rights and 100 acre/foot of industrial water rights. The Michigan Flat area is supported by the West Texas Bolsons Aquifer which is prolific and sustainable. The ranch is minutes from the town of Van Horn with a hospital, many town conveniences, Blue Origin space port to the north and Culberson County Airport (KVHN, VHN) with its 6,000-foot jet-accessible airport, all within arm’s reach.

Description and Improvements

The Koehn Ranch and Farm is a working irrigated farm with 2,800± acres of historic irrigated land including 20 circles located in a basin and range valley of leveled fields surrounded by area mountains. Grain, cotton, hay-grazer, pecans, peppers, peanuts,

cattle, sheep, goats and hunting combine into a ranch/farm unequaled in far-West Texas.

The active agricultural operation has tremendous infrastructure from 20 center pivots, 16 permitted wells, 100-acre flood irrigated mature pecan orchard, three phase electricity, and an integrated pipeline system to handle all the irrigation water and then some. The main house is a twostory 2017 remodeled beautiful southern mansion with a shady location within the pecan orchard. Working headquarter has many houses, buildings and facilities including a 6,000-foot airstrip and hangar.

This vast Michigan Flat expanse is set in a valley among some of the most stunning mountain landscapes including the Eagles, Carrizo, Beach, Van Horn, Apache, Wylie and Davis mountains. The non-farmed part of the ranch is a combination of rolling limestone hills and flats that are excellent grazing. The climate and soils support a mix of highdesert vegetation from scrubland to grasslands. The ranch vegetation includes tabosa grass flats, dense pockets of buffalo grass, love grass, spangle-top and gramma grasses to bands of native brushland that provide cover and habitat for wildlife. Michigan Flat Draw has a variety of larger brush and trees meandering through this wideopen grassland portion of the ranch creating collection points for grassland runoff during the summer monsoons capturing water into several dirt tanks. °

Fossil Creek Ranch

Encompassing approximately 2,539.82± acres, Fossil Creek Ranch wraps around the northern edge of the tranquil Lake Creek valley with rolling hills, scenic ridges, rich bottomland, deep draws and far-reaching vistas.

The ranch features 5,378± feet of privately owned, asphalt-paved, and lighted runway, ready to accommodate nearly any aircraft you choose to fly in. A double hangar with a pilot’s lounge and covered parking sits just off the strip, offering convenience and comfort from touchdown to takeoff. Arriving for a quick visit or an extended stay, the fly-in-fly-out access is first-class functionality right on the ranch.

Massive concrete drive-across dams back up the water, creating and showcasing acres

of stunning, crystal-clear water, framed by limestone ledges and ancient hardwoods. The waterway is exclusive, private and does not grant public access.

The live water is a defining feature of the ranch, flowing continuously through its heart, stretching roughly three (3±) miles from end to end, including both sides along its course. Beyond the main lakes, there are three additional springfed lakes, plus two that have flowed continuously and one that runs seasonally.

The ranch is well-watered with five functional shallow wells, including an irrigation well with 510± acre-feet of permitted water rights, which can be used to maintain lake levels and sustain a pecan orchard near the lower lake.

Welcoming improvements, including a native stone lodge and guesthouses, are nestled

along Lake Creek, visually stunning and accommodating to a significant number of guests.

A hunter and angler’s dream! The ranch is fully high-fenced and home to genetically improved wildlife, including Whitetail, Axis, Gemsbok, Addax, Blackbuck, Aoudad, Sika, and Fallow deer, making for incredible hunting opportunities season after season. For the fishermen, the lakes are stocked and ready year-round. Plus, with an on-site processing facility and a walk-in cooler, you’ve got everything you need to enjoy the full outdoor experience from field (or lake) to table.

There’s no shortage of exceptional features that make Fossil Creek Ranch truly one of a kind, but words can only do so much justice. °

Purgatory Bend Ranch

1,768± ACRES IN SAN MARCOS, TEXAS

PRESENTED BY REPUBLIC RANCHES, LLC

Nestled in the heart of the Texas Hill Country, Purgatory Bend Ranch presents an extraordinary opportunity to own a remarkable legacy property in southern Hays County. Encompassing 1,768.65± acres of scenic beauty, ecological diversity and exceptional privacy, this conservation ranch offers a rare blend of natural splendor, recreational appeal and long-term investment potential.

Just minutes from San Marcos and conveniently positioned 37 miles from downtown Austin and 49 miles from downtown San Antonio, the ranch feels worlds away, despite being highly accessible. I-35 is close enough for easy travel, yet far enough removed to preserve the natural serenity.

From the moment you arrive, the land makes a lasting impression. Towering live oaks, many gracefully draped in Spanish

moss, mingle with deciduous hardwoods, native grasslands, rolling upland bluffs and picturesque canyons to create a landscape of uncommon character. With more than 250 feet of topographical relief and elevations rising above 1,000 feet, the ranch offers breathtaking long-range views and an everchanging terrain that invites exploration.

Over four miles of Purgatory Creek wind through the northern portions of the property, enhancing both its beauty and wildlife habitat. It is home to the StoreyRobinson Dam on Purgatory Creek, which helps control flooding in San Marcos and recharge the Edwards Aquifer, while providing an incredible view location and easy access to other portions of the ranch.

Purgatory Bend Ranch has been thoughtfully managed with conservation and wildlife in mind, resulting in healthy populations of white-tailed deer, turkey, dove and other native species and qualifying for 1D1 Wildlife Management Tax Valuation.

Whether your vision includes hunting, wildlife observation, nature-based recreation or establishing a private family retreat, this property offers an inspiring canvas. Existing infrastructure, including wells, troughs, ranch roads, fencing, electrical service and functional improvements, supports immediate enjoyment and future enhancement.

The ranch is protected by two conservation easements that allow typical and reasonable use by the owner and include the ability to subdivide with up to six building envelopes allowed.

For buyers seeking a substantial, private ranch with exceptional beauty, strong accessibility, and enduring significance, Purgatory Bend Ranch is a truly one-of-akind offering. °

This ranch is also offered as multiple tracts of varying sizes: 1,068 acres, 641 acres, or 348 acres. See online listing for details.

Four R Ranch

1,091± ACRES IN MUENSTER, TEXAS

PRESENTED BY BURGHER-RAY RANCH GROUP

Set high above the legendary Red River Valley, Four R Ranch is a rare North Texas offering that combines scale, beauty, recreation and income-producing potential in one unforgettable setting.

Spanning approximately 1,091± acres just 90 minutes from Dallas and Fort Worth and less than 10 miles from Muenster, this exceptional property is equally suited for a private family retreat, full-time residence or premier hospitality destination. With dramatic elevation changes, panoramic blufftop views, mature timber, rolling pasture and more than 1.6 miles of Camp Creek frontage encompassing both sides, the landscape is both breathtaking and remarkably versatile.

What truly sets Four R Ranch apart is its extraordinary blend of lifestyle amenities and legacy improvements. The ranch features two beautifully restored historic homes, each more than a century old, offering timeless character with updated comfort and commanding views of the

vineyards, the creek and the surrounding valleys. A third residence, previously used as the ranch manager’s home and now operating as a short-term rental, adds flexibility for guests, staff or supplemental revenue. Every structure has been positioned to take advantage of the property’s incredible scenery and privacy.

Over the past decade, the ranch has evolved beyond a traditional cattle and hunting operation to include a distinctive vineyard, winery and event venue. Established vines, a striking tasting room and entertainment space, and a separate production and storage facility create a unique opportunity for the next owner to continue building on an already compelling foundation. The property has hosted weddings, private events and mountain bike races, while its extensive trail system, abundant wildlife, ponds and open spaces make it an outstanding destination for outdoor recreation, horseback riding, hiking and hunting.

The land itself offers a compelling mix of function and natural beauty, from wooded hillsides and scenic valleys to productive

pastureland and strong water resources. The strong habitat is home to whitetail deer, turkey, hogs, bobcats, dove, quail, and waterfowl.

Several ponds and stock tanks, seasonal creeks and draws, water wells, fencing, livestock improvements, RV accommodations, camping areas and ranch roads contribute to the property’s usability and appeal.

Whether envisioned as a luxury recreational ranch, a corporate retreat, an event-focused destination or a multigenerational family compound, Four R Ranch delivers a level of diversity and presence that is increasingly difficult to find in today’s market.

Adding to its appeal, the property is offered with multiple purchase configurations, allowing qualified buyers to pursue the scenario from a fully improved ranch to an acreage-only option that best fits their vision.

Four R is more than a ranch—it is a destination, an experience and a legacy waiting to be carried forward. °

1,091± ACRES

Cooke County, Texas

Property ID: 26560538

$15,877,000

Burgher-Ray Ranch Group

David Burgher & Harlan Ray , Brokers 415-993-8222

DBurgher@BriggsFreeman.com

HRay@BriggsFreeman.com

BurgherRay.com

Premier Farm & Ranch Real Estate Brokerage in the Heart of Texas

Hood Real Estate Inc. is a premier farm and ranch real estate brokerage located in the heart of the Texas Hill Country. In 1992, Howard W. Hood founded Hood Real Estate Inc. with aspirations to turn his core family values and passion for real estate into a business legacy.

Over the past 34 years, he has established a specialty in premier, live water farms and ranches across the state of Texas, though he has also represented buyers from around the world. Howard’s son, Conner W. Hood, and brother, Jeffrey C. Hood, are also a part of the family business, enabling Hood Real Estate Inc. to expand and continue providing unparalleled customer service to clients around the globe. If you are looking for expertise, diligence, and world class customer service, Hood Real Estate Inc. is the best in the business.

JEFFREY C. HOOD

CONNER W. HOOD

HOWARD W. HOOD

The North Ranch

10,692± ACRES IN LA PRYOR, TEXAS

PRESENTED BY HOOD REAL ESTATE, INC.

Located five miles north of La Pryor and 15 miles south of Uvalde in Zavala County, the North Ranch encompasses 10,692± acres and includes almost six miles of the Nueces River. The high-fenced ranch, which resulted from the consolidation of six properties, fronts on FM 1436.

It is home to exceptional white-tailed deer and some of the best bird hunting— Bobwhite quail, dove and Rio Grande turkeys—in the state. Oryx, axis deer, feral hogs and a host of non-game species reside here.

Mature trees line the river, while guajillo, black brush, white brush, mesquite, guayacan and other protein-rich brush species inhabit the uplands. Approximately seven miles of five-wire cedar post fences have been installed as cross fences.

The North Ranch possesses water rights from the Nueces, which is pocked with

deep, blue, drought-resistant swimming and fishing holes. In addition, the North Ranch has approximately 1.5 miles of surface water, measuring about one-quarter mile wide.

More than 7.5 miles of two-inch poly water line and an additional 7.5 miles of 4-inch poly water line have been laid and buried. The water distribution system also includes eight (8-feet in diameter) cement water troughs and two (20-feet in diameter) cement water troughs; all with cement skirts.

Four irrigation wells (one=120 gal./min.; one=300 gal./min.; two=110 gal./min.) are used, in part, to supply a 40-acre Reinke pivot and a 36-acre Reinke pivot. Domestic wells include two solar wells, six electric submersible wells and one well (60 gal./ min.) connected to a 60,000-gallon storage tank that supplies the headquarters.

The front one-third of the 11,600± squarefoot Barndominium is well-appointed living space, while the remaining two-thirds provides storage.

The two-bedroom/two-bath Farm House encompasses 1,600± square feet of updated living space. The 2,500± squarefoot Dog Trot has four bedrooms and four baths and serves as a guest house. The two-story Chef House features two bedrooms, one full bath and one-half bath.

The six-bedroom/six-bath Cowboy Cabins lodge measures about 1,000 square feet. The River House, now used as storage, could be easily upgraded.

Infrastructure includes: a 700± squarefoot laundry room, a 500± square-foot secure gun room, a shooting range with a two-story, covered shooting deck and a five-station skeet range with an elevated shooting pavilion, cattle working pens and two (2,000 square feet and 4,000 square feet) equipment barns.

Existing hunting and grazing leases create an incomeproducing opportunity for a new owner, if desired. °

Del Venado Ranch

8,674± ACRES IN MENARD, TEXAS

PRESENTED BY WHITETAIL

PROPERTIES REAL ESTATE

The Del Venado Ranch represents a rare opportunity to acquire 8,674± acres of rolling West-Central Texas ranchland located primarily in Menard County, with a smaller portion extending into neighboring Schleicher County. Large contiguous ranches of this scale rarely come available in this region, particularly properties that have remained in the same family for decades. The ranch offers an attractive combination of productive grazing, excellent hunting, abundant live oak cover, and strong access, making it well suited for a large hunting property, working cattle ranch, or long-term investment in Texas land.

Located approximately 17 miles from Menard, 33 miles from San Angelo, and about 145 miles from Austin, the ranch is accessed by Treadwell Lane, a countymaintained road with approximately 3.4 miles of frontage. Treadwell Lane runs

through the ranch, creating excellent access throughout the property and allowing for potential division into multiple ownership tracts if desired.

The ranch features rolling terrain with scattered live oak trees across the hills and draws, along with pockets of mesquite and cedar typical of the region. Several elevated areas across the property provide nice longrange views of the surrounding countryside, adding to the overall character of the ranch. Numerous small draws traverse the property and provide natural wildlife travel corridors and habitat.

Water is provided by approximately 10 water wells located throughout the ranch. While there are no major creeks or large surface water features, the distributed well infrastructure provides dependable water sources for both livestock and wildlife across the property.

The ranch has been used historically for cattle grazing and recreational hunting. Native wildlife populations are strong, and the property supports whitetail deer, turkey, quail, feral hogs, axis deer, and blackbuck antelope. The combination of brush cover, open areas, and scattered live oaks provides good habitat diversity for wildlife.

The sale is surface only, though the mineral estate may be available for purchase separately. The ranch is currently under a wind lease, and all wind rights associated with the property will transfer with the sale. There is no current wind production on the ranch.

An additional feature of the property is the ability to divide the ranch into multiple large tracts, if desired. The ranch could be partitioned into approximately 3,981 acres, 2,685 acres, and 2,008 acres. °

Springer Creek Ranch

350± ACRES

Walker County, Texas

Property ID: 25650625

$5,775,000

HomeLand Properties

Walker Powell , Broker 936-661-9442

Walker@HomeLandprop.com

HomelandProp.com

Frank Addington Jr.

Native West Virginian Frank Addington Jr. got to Texas as fast as he could, arriving permanently in 2014. Four years ago, he joined Texas Ranch Sales as an associate, earning “Rookie of the Year” in 2023 and following that up with “Top Listing Associate” in 2024.

Where do you live and work?

I grew up in Winfield, West Virginia exploring the magic of Bills Creek on my family’s 281-acre property. My parents owned an archery shop, so I took to the outdoors early and often. I first came to Texas when I was 12 years old and I caught a fever for the state. In 2014, after performing here for many years as a professional archer, our family moved to Boerne, where we live today. As an associate for Texas Ranch Sales, I do deals all over the state and every region is uniquely appealing.

What drew you to ranch and recreational real estate?

I started performing as an exhibition archer at age 18. In 1994, I became the first archer to ever to hit a baby aspirin, which was hand thrown; I was shooting behind my back. Later, I hit mustard seeds and other difficult shots. My career took me to 44 states. When COVID hit, my shows screeched to a halt. As I reimagined

Frank Addington Jr. , Associate 830-443-0440

FAddington@TexasRanchSalesLLC.com TexasRanchSalesLLC.com

of a certain piece of land, those are my favorite days.

If you could only give one piece of advice about buying land, what would it be?

Let the land speak to you—and everything

Doing Business by the Numbers

STORY BY LORIE A. WOODWARD

From its inception in 2011, the Republic Ranches team recognized that good numbers are the foundation of good decisions that benefit their clients, resulting in strong, lasting relationships.

“Early on, we realized that the most difficult part of this business is properly pricing a ranch, especially in a nondisclosure state,” said Jeff Boswell, Houston-based co-founder of Republic Ranches. “So, we’ve spent a tremendous amount of time and money building a database to give us information that others don’t have access to.

“Ultimately, if you don’t know what properties are really selling for, you can’t advise your clients—and our bottom line is acting in the best interest of our clients.”

When Boswell, Mark Matthews of Hondo, Charles Davidson of San Antonio, Bryan Pickens of Dallas and John Wallace of Corpus Christi joined forces to create Republic Ranches, they set out to establish new standards for professionalism within the state’s ranch real estate industry.

“At the time, ranch and recreational land was emerging as its own segment in the real estate industry,” Boswell said. “We wanted to build a company based on establishing strong relationships, understanding all facets of land and management, and spending time postclosing to help owners achieve their goals.”

He continued, “We also wanted to develop a team that was large enough with so much professionalism and expertise that anyone selling a large ranch in Texas would at least have to consider us as one of the groups to interview.”

The business plan, sketched out by Boswell and Matthews in a Dairy Queen

in either Carrizo Springs or Crystal City depending on who is telling the story, worked. To date, the team has grown from the five principals to five new partners, 60 associates and five associates on the commercial team. The firm has offices in nine cities and is licensed to do business in 10 states. From 2011 to date, the team has completed 1,420 transactions, sold more than 2.1 million acres and amassed a sales volume of almost $5.6 billion.

“Our growth has been amazing, but deliberate,” Boswell said. “We’ve brought on people who not only have roots in the land and share our commitment to serving our clients, but who have specific expertise ranging from wildlife biology and pond management to water rights and renewable energy leases. Our projects involve a team effort, and we bring in the people who have the skills needed to successfully push any given deal across the line.”

Data-driven Decision Making

From the founders’ perspective, one hallmark of professionalism was datadriven decision making. Boswell, a self-proclaimed “data nerd,” began accumulating statistics and other real estate information to use in his own business years before Republic Ranches was founded.

“I like having something that is concrete,” Boswell said. “I want to give clients more than just my opinion of the market, because

that wouldn’t cut the mustard with me if I were them. Instead, I want to be able to show them what’s been going on.”

The Republic Ranches team put Boswell’s information to work on behalf of its clients from the start. The benefits for the clients and the company have been obvious. First, good data allows brokers to set accurate listing prices, which helps move ranches in a timely fashion and provides sellers with the full value of their most valuable asset.

Second, data level sets clients’ expectations. As one real life example, Boswell discussed time on market. When it comes to selling property, most people are more familiar with residential real estate and its pattern of high-volume viewings and short turnaround sales times. Ranch real estate’s rhythm is vastly different. It takes a longer time to get a ranch in front of the right pool of buyers, which is generally smaller, fewer people tour the property and historically, with the COVIDera being an anomaly, it takes on average close to a year, if not longer to sell a ranch.

“By gathering this information, we can show a client whose property we’ve listed the ranch sales timeline upfront,” Boswell said. “It prevents them from panicking and lowering the price unnecessarily—and leaving money on the table—because the ranch hasn’t sold in two months.”

Third, while coffee shop talk is enjoyable, it is generally unreliable. Data provides

It’s easy to do business when everyone’s decisions are based on what’s best for the clients.

—JEFF BOSWELL

a true picture of what is going on in the marketplace, locally, regionally and statewide.

“Despite how many times you hear it repeated on the local grapevine, Roy down the road probably didn’t sell his ranch for $10,000 an acre to house a new data center,” Boswell said, laughing. “From a business perspective, making decisions based on facts is a much better strategy than making decisions based on rumors and hearsay.”

Finally, emotions are an unavoidable component of ranch real estate transactions, especially for legacy properties. While data does not mitigate the emotions tied into land ownership, it does provide a touchstone for logical analysis.

“There’s no way around the emotions—people’s connections to farms and ranches in Texas are even deeper than their connections to their childhood homes,” Boswell said. “Having data available, though, gives clients an objective standard that isn’t colored by strong feelings, meaning they can rely on the numbers to tell the truth in every situation.”

Over time, as the data continued to prove its worth, the company database has grown in depth and sophistication. Today, the raw materials are collected primarily from the Texas A&M Real Estate Research Center (TRERC), Land.com and Republic Ranches’ internal sales data while additional information is gathered from MLS.

Each one brings data from a different perspective. The TRERC data is collected from lenders, so it tends to track smaller properties than what the Republic team and other large ranch brokers are selling. In Texas, most large properties are sold for cash.

“Last year, we sold 196 ranches for an average of $6.8 million and about 63% of those properties were sold for cash,” Boswell said. “So, early on my challenge was finding a way to track the larger ranches that make up the segment of the market where we concentrate our efforts.”

To fill in that gap, he began analyzing the data available on Lands of Texas, an early website that is now part of Land.com, when it launched. He began tracking the number of ranches sold in each category during specific periods to gauge the market’s activity and health. Because Texas brokers do not have to disclose the final sales price, listing websites are not good sources of pricing information as most transactions are designated as “sold for listing price.”

But in his attempt to bridge that gap in the information, Boswell discovered TRERC’s data, even though it is derived from the sale of smaller properties,

correlates strongly with the pricing trends for larger ranches. It is the tool Republic Ranches uses to establish pricing trends.

Despite MLS requirement that final sales prices be listed, which previously kept many ranch brokers from using the service, more ranch transactions have occurred on it after COVID. As MLS has gained traction in the ranch real estate industry, Boswell has begun to glean pertinent data from there as well.

“In Texas, there aren’t any huge companies that can put this information together easily, so we decided we were going to put a lot of effort into gathering and analyzing the existing data,” Boswell said.

For years, the information was shared only within the company and with its clients. In 2019, with the creation and widespread release of the quarterly Republic Report , that changed.

“Ranch real estate is a relationship business, and those strong, working relationships extend beyond our clients

to our fellow brokers,” Boswell said. “Eventually, we decided to share our reports with everyone, even brokers who work elsewhere, because the more information everyone in the industry has the more efficient the industry becomes—and the better we can all serve our clients.

“It’s easy to do business when everyone’s decisions are based on what’s best for the clients.”

Each issue of the Republic Report delivers market trends and in-depth analysis on a specific question or issue.

“We always try to give people something new,” Boswell said.

For instance, they might examine the seasonality of ranch sales. While it’s widely held that spring is the best season to sell a ranch, the Republic Ranches team checks to see if the data supports the notion. To get an answer, Boswell might compare sales during the first, second, third and fourth quarters for the past 10 or 12 years. As another example,

the team is currently turning its attention to oil’s impact on the Texas land market.

“With oil over $100/barrel for the first time since 2014, we are starting to look at how that might affect land sales. Nobody knows yet, but we have to ask the questions,” Boswell said. “Sometimes the answers are what we think they are—and sometimes they’re surprising. Either way, the data tells the story.”

The Republic Report is just the most current manifestation of the team’s commitment to raising the bar of professionalism ever higher for themselves and the industry.

“Republic Ranches has spent years trying to show people that we are pros and provide evidence of our professionalism,” Boswell said. “We watch the market, understand the market and bring information to our clients who have entrusted us with their biggest asset, so they are confident that they and their business are in the best possible hands.” °

Five Questions About

LAND ECONOMICS

A Q&A with Dr. Charles E. Gilliland

INTERVIEW BY

LORIE A. WOODWARD

Unlike most states, Texas is a non-disclosure state, which means the final sale price of real estate is private and not reported to the public or government. Property ownership is public, but transaction prices are only known to the buyer, seller, lender and agent. Obviously, this restricts public data and makes it more difficult for brokers and agents as well as buyers and sellers to ascertain property value, appropriate pricing and market trends.

In response to the information shortfall that hampered the industry’s effectiveness, real estate professionals pushed state leaders for a change. In 1971, Gov. Preston Smith signed a bill that created the Texas Real Estate Research Center (TRERC), housed at Texas A&M University in College Station. TRERC is the nation’s largest publicly funded organization devoted to real estate research. Examining the marketplace from both a statewide and regional basis, the Center’s staff conducts research on financial, socioeconomic, public policy, trade, legal, land use and local market issues related to real estate. The professionals gather and communicate the facts not their opinions, allowing consumers of the information to interpret the facts from their own perspectives.

I sat down with Dr. Charles E. “Charlie” Gilliland, who served as a research economist at TRERC from 1977 until his retirement in 2024, to discuss the forces that shape the economics of the Texas’ land market. Even in retirement, Gilliland continues to contribute to TRERC, work as a consultant and provide quarterly market reports to Texas LAND. To catch the entire conversation, listen to “The Economics of Land” Episode 44 of the Land.com Podcast.

1

What drives land value because isn’t there a difference in price and value?

CG: Conceptually, yes. From purely an appraisal standpoint, the most reliable information you can get is by looking at sales prices on properties that are truly comparable. Historically, for rural land, we conceived it as being an agriculturally driven market, which means that prices have to reflect the profitability of the agricultural enterprises going on. It’s the model that USDA uses, but it doesn’t translate well to Texas.

Years ago, I’ll never forget talking to a trust banker about what was going on in his market as the statewide market was weakening. He said, “Well, thank God for white-tailed deer.” For decades now, the livestock market’s bottom line has had nothing, or at least very little, to do with what people are paying for land..

We economists like to simplify everything, so we’ve said there are basically three groups of people buying rural land: farmers and ranchers because they need it for their operations; consumptive or recreational users who want to hunt and fish or hike, bird watch and mountain bike; and investors who buy land thinking it’s a good place to park their money for a while, expecting it to increase in value during their ownership.

Those people are all in competition for the land that’s available for sale. If farmers and ranchers want to buy land, they’re going to have to outbid the other two groups—and have the wherewithal to make the purchases. The investors and the recreationalists will probably be going after the larger properties that are all in one spot.

2

Where do you think

Texas’ rural land markets are right now?

CG: To answer that questions, I need to back up to the 2021–2022 timeframe. Historically, when people put a ranch on the market anywhere in the U.S., it would

the livestock market’s bottom line has had nothing, or at least very little, to do with what people are paying for land.

take a year or 18 months to sell. During the COVID-era, ranches were listed on Monday and by Friday the sellers were entertaining multiple offers over asking price. Ranches were selling within a week.

Long-time land market observers expected that the exceptional activity had to come to an end. When it did, they expected a pullback on prices, which had risen to unprecedented levels as well.

As expected, the volume of sales has settled back into more normal level of activity and the prices started creeping down, but they never did go negative on a statewide basis. For a couple of years, the percentage of price increase inched down. This past year, though, the percentage increase started to expand and finished the year off with a percentage increase north of 6 percent. It appears that we’re poised for a situation where prices will start to rise again.

When you look at what’s going on in Texas, one of the most interesting scenarios that we’re beginning to dig into is the development of data centers. Abilene appears to be the epicenter. We’re getting reports of people paying 10X the going market value for the sites where they are going to locate data centers.

Nobody knows what it’s going to mean yet. It reminds me a bit of a play in West

Texas where people purchased land that was basically sand dunes in a frenzy; they were planning to get rich on frack sand. In short order, though, they had amassed a 500-year supply of sand and guys who thought their land was going to go for huge prices had no takers.

For at least a time, people had viewed rural land market as an industrial market. And I think the same sort of thing is happening now with the data centers. We’re in for an interesting ride, as far as that goes.

3Recent reports show a pattern of lower sales volume but steady to slightly increasing prices. What forces allow prices to rise even when activity slows?

CG: Think about it from the ground-level situation. If everything is selling like hotcakes, buyers have to jump on the property they want quickly or someone else will buy it out from under them, which puts an upward pressure on prices. But, when the activity level drops off, properties are going to be on the market a lot longer, so buyers can spend more time doing

research not only to find a property that fits their needs but also to take into account a variety of factors such as soil quality, water availability and other things that contribute to land’s productivity and value. When people stop buying lower quality land, the average price continues to go up because buyers are willing to pay more for better quality land.

Between the 1980s and the early 2000s, Texas land markets fundamentally changed. In the late 1970s and early 1980s, rural land was in high demand. People were buying the land on credit with the expectation that they’d sell it in a couple of years for a higher price. When oil and commodity prices plummeted in the Recession of 1986, a lot of people were forced to sell because they couldn’t make their land payments. There was a glut of land and prices fell 40 percent in a twoyear period.

Fast forward to the Recession of 2008–2009, people expected a repeat of the price drop. It didn’t happen because in the interim most people who purchased land were doing cash deals. As a result, they weren’t forced to sell their land when the economy slowed down, and they could hold until the prices rose back to an acceptable level. Today, cash is still king, especially on larger transactions.

Over the next three to five years, what are the top variables you’ll be watching to identify trends as they are emerging?

CG: The first thing I’ll keep my eyes on is the number of transactions, the number of acres and where the price trends seem to be going. During 2021-2022 the price of land across the state and nation rose to unheard of heights. The bottom line is that there has to be a capability—income coming from somewhere— to support those prices.

One of the variables that we at TRERC have watched for years is a federal statistic called Texas Personal Income, which in our minds translates into how much purchasing power is out there. It tracks well with overall trends in land prices. A few years back, the long-term increase was four percent, and now it’s a little north of five percent or six percent. So, there is still money flowing into that big pot that is available to purchase things.

You

wrote

the book, Buying Rural Land in

Texas. What is the one piece of advice that you would give to firsttime rural land buyers?

CG: The advice I would give them is: devise a plan. If you’re looking at this as investment, have an idea of what you’re going to do with it during the investment period and your exit strategy. Are you going to sell it or transfer it to a family member? Work through your ownership objectives before you embark on purchasing your property because they will affect what kind of land you’re going to acquire and other things. If you don’t have any objectives for selling the property or disposing of it, you may find yourself in a position like so many others, where your heirs end up squabbling. So, as counterintuitive as it sounds, start with the end in mind. °

Join the Conversation

To listen to Episode 44 (and all the other episodes) of the Land.com Podcast, scan the QR code or tune in on Spotify or Apple. Find Out More For more information about Texas Real Estate Research Center scan the QR code.

Private Lands Summit 2026

Keeping Trouble Outside the Fenceline

AND RESPONSIBLE HUNTING THROUGH PRIVATE LAND STEWARDSHIP

STORY BY LORIE A. WOODWARD

TWA’s 13 th Annual Private Lands Summit “Keeping Trouble Outside the Fenceline,” scheduled for July 9 in San Antonio, is designed to help landowners proactively address issues like poaching, agricultural theft, irresponsible lessees and liability before trouble stakes its claim on their property.

“As Texas continues to grow, so does the probability for private landowners to experience trouble of some kind—and sometimes it comes from unexpected places,” said Andrew Earl, TWA Director of Conservation, who leads the organization’s adult education efforts.

The demand for agritourism and outdoor activities has grown alongside the state’s population, which means that liability exposure is on the rise as well. In 2015, the Texas Legislature attempted to enshrine protections for Texas landowners who adhere to signage

and other requirements with the passage of the Texas Agritourism Act.

“While the law is a start, it is still largely untested in the courts,” said Earl, noting that cases involving Virginia and Washington’s agritourism laws deemed the laws’ legal posting requirements inadequate and found in favor of the plaintiffs.

According to Earl, the program was designed to not only provide information but to give participants actionable items they can put into practice to help safeguard their property.

“We’re confident that anyone in attendance will take away something they can implement on their operation to better protect themselves and their families.”

The morning program centers on ranchrelated crimes. The Boone and Crockett Club will share the results of its “Poach and

Keeping Trouble Outside the Fenceline

13 TH ANNUAL PRIVATE LANDS SUMMIT

Thursday, July 9, 2026 • 9:00 a.m. – 4:30 p.m.

MORNING

• The Motivators, Costs and Detection Rates of Poaching

Tony Schoonen, CEO, Boone and Crockett Club

• Operation Game Thief

Col. Ron VanderRoest, Director of Law Enforcement, Texas Game Wardens

• Agricultural Laws and Enforcement in Texas

Clay McKinney, Executive Director of Law Enforcement, TSCRA Special Rangers

• Theft Prevention Tips Panel Discussion

Moderated by Grahame Jones, Texas Conservation Alliance

AFTERNOON

• Risk Management Planning Workshop Braun & Gresham PLLC

• Building a Lock Tight Lease Panel Discussion

Moderated by Tiffany Dowell Lashmet, Host of Ag Law in the Field Podcast

• East Foundation Three Minute Thesis Competition

Jason Sawyer, Chief Science Officer, East Foundation

• 3MT Awards and Evening Social

* $150 registration fee includes lunch and evening social.

WildLife 2026

41 ST ANNUAL TEXAS WILDLIFE CONVENTION

July 9-12, 2026

JW Marriott San Antonio Hill Country Resort and Spa, San Antonio, Texas

HIGHLIGHTED EVENTS

THURSDAY, JULY 9

• Private Lands Summit

“Keeping Trouble Outside the Fenceline”

FRIDAY, JULY 10

• TWA Foundation Luncheon featuring Chef and Author Jesse Griffiths

• Joint Directors and Membership Meeting

• TWA Family Dinner, Dance & Live Auction

SATURDAY, JULY 11

• Concurrent Education Seminars

• Texas Big Game Awards & TWA Awards

• Luncheon featuring MeatEater’s Steve Rinella

• TWA Banquet & Grand Auction

Pay Report,” which found poaching is responsible for an estimated conservation cost $1.4 billion borne by landowners and taxpayers. The Director of the Texas Parks and Wildlife’s Law Enforcement and the Executive Director of Texas and Southwestern Cattle Raisers’ Special Rangers will discuss wildlife crime and agricultural crime respectively, culminating in a panel discussion focusing on prevention.

After lunch, which is included as part of the registration fee, the content shifts from informational to actionable. Attorneys from Braun and Gresham PLLC will host a risk management workshop to help landowners determine their risk exposure and ensure that their insurance coverage is expansive enough to cover everything that is occurring on their property. After risk management, participants will learn what considerations go into writing an airtight lease. Attorney Tiffany Dowell Lashmet, host of the Ag Law in the Field Podcast, will interview Marshall Bowen, who manages more than 30,000 acres of land across the state for the Shield Ranch/Shield Ayres family, and another guest for a podcast episode.

The day ends on an educational, albeit lighter note, with the Three-Minute Theses Competition presented by the East Foundation. Competing graduate students have three minutes to completely explain their research, their findings and the management implications for landowners.

“The Private Lands Summit kicks off our annual convention with an educational bang,” Earl said. “While the subject matter changes year to year, the purpose remains the same— to arm landowners with in-depth information they can use as they manage their land and natural resources to benefit us all.” °

Find Out More

To get more information on or to register for WildLife 2026, TWA’s 41 st annual convention including the Private Lands Summit, scan the QR code.

THE JL BAR RANCH, RESORT & SPA

SONORA, TEXAS

4,610± ACRES

CONTACT FOR DETAILS

INCLUDED IS A PRIVATE ON-SITE FBO AND JET-CAPABLE

5,300' X 80'  FULLY LIGHTED RUNWAY PROVIDING SEAMLESS DISCRETE ACCESS.

The JL Bar Ranch, Resort & Spa offers luxury within the tranquil beauty of the Texas Hill Country. Spanning 4,610+ acres of a 13,000-acre holding, this exquisite destination provides a serene retreat for those seeking a 5-star resort experience.

Ideal for leisurely getaways, weddings, corporate events, and premier hunting adventures, JL Bar is among the most unique and intimate properties in the Southern United States. With exceptional service and hospitality, the resort features a range of luxurious accommodations for more than 100 overnight guests to create an unforgettable stay.

In addition to an extensive variety of amenities, the property boasts an impeccable and private FBO airport, an established hunting operation, and a luxurious 5-star spa-all conveniently located on-site. The goal is to ensure every guest’s experience is effortless and memorable.

SOLITUDE RANCH

BEXAR COUNTY, TEXAS

3,630± ACRES

$79.9 MILLION

The 3,630± acre Mount Solitude Ranch, near Helotes, is back on the market. Located on State Highway 16, just miles from Scenic Loop Road just outside of San Antonio, the iconic ranch sits at the intersection of old and new Texas.

Settled in the 1800s, the expansive ranch includes the site of one of Bexar County’s original German settlements, which now sits within 30 minutes of the San Antonio airport. The historic property, which adjoins the 2,316-acre Ranch Sierra tract owned by the General Land Office offering additional elbow room, is less than two hours from Austin. The property is also well positioned for the possible future northern extension of Highway 211, which would connect the high-growth, northwestern San Antonio corridor to Boerne.

The legacy ranch’s ideal location is surpassed only by its diverse Hill Country beauty. Surrounded by 1,850 feet elevations, a pristine panorama of generational stewardship unfolds, showcasing lakes, creeks and giant oaks. Wildlife abounds as does the opportunity for fishing, hiking and enjoying nature in many forms. The bucolic privacy hearkens back to an earlier, less harried time, offering a respite from the demands of modern life.

Whether you are seeking to claim a personal legacy or an unsurpassed investment opportunity, Mount Solitude Ranch is a rare jewel with a richly burnished past and a bright sparkling future. Experience the exceptional ranch for yourself.

6R RANCH

STONEWALL COUNTY, TEXAS

10,825± ACRES

CONTACT FOR DETAILS

Set in the far northern reaches of Stonewall County near Aspermont, 6R Ranch is an exceptional 10,825± acre Texas holding that brings together scale, privacy, and world-class improvements in one remarkable offering.

Assembled from contiguous portions of the historic Bissett and Dumbbell ranches, this premier property is built to accommodate everything from large-scale entertaining to productive ranch operations and unforgettable sporting experiences.

Improvements are extensive and impressive, including a state-of-the-art entertaining pavilion with a commercial kitchen, a 140' x 300' covered arena with stalls, a three-bay helicopter hangar, a custom rock home, and a climate-controlled shop with living quarters.

For the outdoor enthusiast, the ranch offers outstanding hunting with white-tailed deer, Rio Grande turkey, bobwhite quail, feral hogs, migratory birds, and even Rocky Mountain elk and red stag that are known to roam the area. Strong water infrastructure, paved highway access, interior roads, working pens, RV hookups, and a 1,000-yard shooting range further elevate its appeal.

6R Ranch is a rare opportunity to own an iconic recreational and operational ranch with room to entertain, hunt, and build a legacy.

EVANS BRAZOS RANCH RETREAT

PALO PINTO COUNTY, TEXAS

488± ACRES

$12.75 MILLION

Evans Brazos Ranch Retreat is a rare opportunity to own one of North Texas’ most captivating private river properties. Set on 488± acres in Palo Pinto County, this extraordinary ranch combines dramatic topography, meaningful Brazos River frontage, and first-class improvements just over an hour from Fort Worth and 90 minutes from Dallas.

Rising more than 300 feet above the river, the land delivers sweeping panoramic views, sandy river beaches, scenic caves, rolling pasture, mature oak and pecan trees, and exceptional wildlife habitat that supports white-tailed deer, Rio Grande turkey, and dove.

At the center of the ranch, a striking 5,000-square-foot stone lodge overlooks the landscape and offers a warm, refined retreat for family and guests. Built for both recreation and utility, the property also features an impressive, covered riding arena, a well-equipped horse barn, multiple ponds, secure gated access, and miles of all-weather roads.

Whether envisioned as a luxury weekend escape, an equestrian destination, a legacy family holding, or a potential income-producing operation, Evans Brazos Ranch Retreat offers versatility, privacy, and natural beauty in a truly unforgettable setting. This is a polished, turnkey ranch where riverfront beauty and recreational excellence come together in one remarkable offering.

HODGE RANCH

PARKER COUNTY, TEXAS

100± ACRES

CONTACT FOR DETAILS

IDEAL PRIVATE RANCH OR EVENT VENUE

A HOSPITALITY RANCH OPPORTUNITY

CURRENT INCOME PRODUCING EVENT BUSINESS INCLUDES EQUESTRIAN & EVENT AMENITIES

40 MIN - FORT WORTH

1 HR - DALLAS

Enjoy peaceful country nights in the rural Texas Countryside at the Hodge Ranch. This is a unique income producing property in Parker County on 100± acres in the popular Brock ISD complete with lighted roping arena and 12,000-square-foot barn featuring seven stalls with covered runs. A multipurpose venue and open sided chapel sit overlooking lush green cultivated pastures of winter rye and wheat is the centerpiece of the ranch. It is a local hotspot for couples tying the knot a hundred feet above the lowest spot on the ranch. Evening sunsets are breathtaking, and the rustic perch has amenities for both indoor and outdoor services and activities.

The venue is currently servicing over 65 booked events annually with minimal marketing. Opportunity to expand those dates are endless.

Tucked away privately among large live oaks and seasonal drainage is a custom 2,563-squarefoot three-bedroom home near the horse amenities.

Property is located just 2.7 miles from Teskey’s Saddle Shop.

ACRES $6.259 MILLION

Lazy 8 Reserve is a rare opportunity to own a private waterfront retreat on beautiful Lake Quitman in Wood County, Texas. Just 90 minutes from Dallas, this extraordinary 21-acre estate combines luxury, recreation, and privacy in a setting designed for unforgettable gatherings.

With more than 500 feet of shoreline and expansive water views, the property offers an exceptional lakefront lifestyle centered around relaxation and entertainment. The six-building compound comfortably accommodates up to 32 guests, creating the ideal destination for multi-generational family retreats, corporate getaways, or weekend entertaining on a grand scale.

A spacious main residence, separate guest house, smokehouse, party barn, game and recreation space, garage, shed, and greenhouse provide both versatility and convenience.

Outdoor amenities include a private boat dock with room for two boats and four Sea-Doos, multiple screened porches, a large fire pit, and a sport court with pickleball capability. The open acreage even allows space for a private helicopter landing area.

Lazy 8 Reserve is more than a lake property—it is a resort-style experience crafted for comfort, connection, and lasting memories.

MAXWELL AERO RANCH

LAMPASAS COUNTY, TEXAS

476± ACRES

CONTACT FOR DETAILS

Maxwell Aero Ranch is a rare 476± acre offering east of Lometa in the heart of Lampasas County, combining aviation convenience, luxury improvements, and classic Hill Country appeal.

Designed for versatility, the ranch features a 4,700-square-foot multi-use hangar-residence complete with a full bath, kitchenette, battery/gas stove, storm shelter, and high-security amenities, along with an 8,000-square-foot shop and covered airplane hangar. A new 3,000-foot airstrip creates exceptional private access and positions the property for fly-in community or recreational development potential.

Beyond the improvements, the land is equally compelling, with sweeping views, approximately 180 feet of elevation change, abundant wildlife including whitetail deer and wild turkey, and a thoughtful layout with fencing, cross-fencing, and all-weather ranch roads.

With roughly 2,500 feet of frontage on FM 581 and convenient proximity to Austin, Waco, and San Antonio, Maxwell Aero Ranch offers an outstanding opportunity for a private retreat, operational ranch, or distinctive investment property.

DE TAOS RANCH

TAOS COUNTY, NEW MEXICO

Set in the heart of Taos Valley just 10 minutes from the historic Taos Square, Valley de Taos Ranch presents an exceptional opportunity to own a legacy property where luxury, recreation, and natural beauty converge.

Encompassing 191± acres, this remarkable ranch is designed as a private retreat, hospitality venue, wellness destination, or corporate escape, with an impressive collection of residential, event, and equestrian improvements.

The grand adobe main house encompassing more than 27,000 square feet and spacious guest accommodations offer extensive lodging, meeting space, commercial kitchens, and amenities tailored for unforgettable gatherings.

Beyond the built improvements, the setting is equally compelling—golden light across sage-covered hills, nearby trout-filled streams, dramatic views of the Sangre de Cristo Mountains, and easy access to Taos Ski Valley, Red River, and Angel Fire.

Rich in Southwestern character and surrounded by the culture, cuisine, and artistic energy that define Taos, this ranch delivers both privacy and proximity in one extraordinary New Mexico offering.

CATO RANCH

SHERIDAN COUNTY, WYOMING

7,447± TOTAL ACRES

$64.495 MILLION

WYOMING WATER OASIS

WATER - GRASS - CATTLE

A historic Wyoming ranch masterpiece at the foot of the Bighorn Mountains, established in 1876 as PK Ranch and now known as the Cato Ranch, played a significant role in the development of rodeo and American polo. Tales of fabled rodeos, midnight cattle drives, and encounters with wildlife, wild cowboys, and Indians have become part of local lore, passed down from one generation to the next. This ranch and its entrepreneurial stewards, the Cato family, are legendary.

Cato is a legacy ranch that continues to operate as a professionally managed working cattle ranch, utilizing regenerative-focused, intensively managed grazing and irrigation systems to enhance wildlife populations, increase land productivity, optimize livestock production, and improve ranch profitability.

Because of the abundance of water it controls, the Cato Ranch continues operating as a highly productive ranch, even during the worst drought in the past century. To ensure unabated productivity, 100 percent of the sellers’ water rights attached to the land and 1,102.5 shares of valuable, privately merchantable Park Reservoir Water are included in the offering.

Nestled amid the rolling foothills and sun-drenched prairies of the American West, the Cato Ranch stands as a symbol of enduring tradition, ingenuity, and the evolving story of the nation’s heartland. Like so many storied spreads, it occupies a special place in the history of the West.

BW Ranch

1,899± Acres a natural hill country beauty

Bandera County

Sitting on the headwaters of year-round Myrtle Creek in Bandera County, BW Ranch offers live water and magnificent views. The BW Ranch showcases 24 peaks, expansive valleys and views that stretch to Bandera, Kerrville and Medina. The 1,899± acre ranch, featuring 25 miles of improved roads, is just 42 miles from San Antonio.

Cypress trees surround the main lake. Pecan trees shade the valley. Live oaks and Spanish oaks dot the native grasslands. Cedar has been aggressively cleared; prescribed burns have been used to clear and reinvigorate the land.

Whitetails that benefit from enhanced genetics, Rio Grande turkeys, dove and bobwhite quail are native. Other wildlife

includes bison, aoudad sheep, blackbuck antelope, axis, fallow and sika deer. Myrtle Creek feeds nine dammed ponds.

An 8-acre± stocked, spring-fed lake is outfitted with a boat house. There is also a smaller, spring-fed, stocked lake.

Native limestone defines the threebedroom/two-bath ranch house’s exterior.

The bright, airy home combines soaring ceilings, shiplap, limestone and warm wood accents, Saltillo tiles and oversized windows.

Building sites, with exceptional views, abound where the new owners can create their own livable masterpiece.

The comfortable three-bedroom/twobathroom caretaker’s quarters is situated nearby.

An open-air pavilion with a full kitchen and large fireplace takes the party outside.

The main barn (approximately 40 ' x 60 ' ) features four horse stalls, an office, a tack room and a tool room. An equipment barn (approximately 20 ' x 45 ' ), with a game cleaning station and a walk-in cooler, completes the infrastructure.

BW Ranch is a Hill Country rarity that delivers live water and breathtaking scenery on a large scale close to San Antonio. Contact Howard W. Hood, Broker, at (830) 739-3815.

$26,500,000 • Property ID: 16963854

Howard W. Hood , Broker 830-739-3815

Horse Canyon Ranch recreational

paradise

27,740± Acres

Culberson County

Within its 27,740± acres, the Horse Canyon Ranch in Culberson County showcases the diverse, rugged beauty of far West Texas. Historically, used as a working ranch, the lowfenced property is a recreational paradise that can be accessed from both I-10 and Highway 90. The Lobo-Garren Ranch Road, a wellmaintained county road, transects the property linking both major thoroughfares.

While the Horse Canyon Ranch has plenty of the wide-open spaces that define the region, it is only 20 minutes from Van Horn, the county seat, and just over an hour to Marfa, one of Texas’ most beloved destinations. The ranch is nestled between the Jeff Davis Mountains and the Wiley Mountains. With its expansive views and desert climate, it is reminiscent of Arizona

Because the landscape includes both desert rangelands and craggy, but accessible mountains, the ranch is home to pronghorn antelope, blue quail and some Gambel’s quail as well as mule deer, aoudad sheep, free-ranging elk and the

occasional mountain lion or black bear.

For the past couple of years, the ranch has implemented a protein feeding program using approximately 22 feeders scattered across the property. Working with the Texas Parks and Wildlife Department, the ranch team participates in aerial wildlife surveys.

Historically, used as a working ranch, the property has been rested from cattle grazing for the past few years. Horse Canyon Ranch is a recreational paradise with agricultural infrastructure including three sets of working pens. The ranch is divided into nine main pastures and three traps. The cattle operation could be easily reinstated as an additional income stream and range management tool. In good years, the carrying capacity is 300 to 350 head of mother cows.

The ranch has five working wells, with a mixture of electric submersible and solar pumps, and two non-functional wells. Water distribution to meet the needs of wildlife and livestock has

been an on-going effort. The ranch is home to an extensive network of piping, water troughs, storage tanks and wildlife guzzlers.

The main headquarters includes a threebedroom/two-bathroom ranch house with a full kitchen, living room and central heat and air, a barn, a storage barn and a tack room as well as one of the three sets of working pens.

Existing hunting and grazing leases create great income producing opportunities for a new owner, if desired.

Horse Canyon Ranch offers a lifestyle as big as the West Texas sky. Here you can get away from it all and rediscover the peace that comes from elbow room and the grandeur of nature.

To experience the diverse, accessible beauty of Horse Canyon Ranch for yourself, call Howard W. Hood, Broker, at (830) 7393815. The ranch is listed for $785/acre.

$21,775,900 • Property ID: 22521606

Two Creeks Ranch

memory-making, live-water destination

758± Acres

Medina County

Two Creeks Ranch, 1,313.5± acres located just 30 minutes west of San Antonio in Medina County, is a live-water destination in the heart of natural Texas.

Year-round Verde Creek courses through the low-fenced ranch for about 2.5 miles. Hondo Creek runs along the south border for about 1.85 miles. The 7-acre stocked lake is also a prized swimming hole. Wildlife includes doves, whitetailed deer, feral hogs and free-ranging exotics.

Two Creeks Ranch has six center pivots and five water wells including two Edwards Aquifer irrigation wells: one with 276 acre-feet of base Edwards Aquifer water and the other with 60 acre-feet of transferable Edwards water.

Two identical 3,130± square-foot dogtrot lodges include four downstairs bedrooms with private baths; the upstairs features two king suites with private baths.

The Party Barn, 11,600± square-foot facility, puts entertainment, dining, storage and work space under one roof. It also has a 3,000± square-foot covered porch.

Two Creeks’ second compound is a short drive to the west and includes: the newly renovated, two-story two-bedroom/three-bath Casa Verde House (2,000± square feet); three-bedroom/ two-bath Ranchero House; and the threebedroom/two-bath Bader House.

Other improvement include: five-stand Skeet Range; 945± square-foot Gun Room; the multipurpose Two Creeks Outpost, 800± square-foot Laundry Building, 3,000± square-feet of covered parking; 5,900± square-foot Maintenance Barn with a covered game cleaning station, a walk-in refrigerator, freezer, restrooms and additional storage; and the 22,500± square-foot Hangar Barn.

Existing hunting and grazing leases create great income producing opportunities for a new owner, if desired.

Call Howard W. Hood, Broker, at (830) 7393815. Listed for $29.5 million.

$15,995,000 • Property ID: 21191274

Howard W. Hood , Broker 830-739-3815 Howard@HoodRealEstateInc.com HoodRealEstateInc.com

Chimney Hill Ranch

totally private live-water paradise

Kerr County

Chimney Hill Ranch, encompassing 172± acres in Kerr County, Texas, offers a rare opportunity to own a premier live-water estate near Kerrville, Fredericksburg, and San Antonio.

The property features paved roads throughout and provides private access to both sides of Turtle Creek for 1/4 mile. The emeraldgreen, year-round creek stretches about 125 feet wide and varies in depth from two to ten feet. Additionally, there is a 3± acre lake with a

fountain, two water wells, a 6,000-gallon storage system, and pumping rights from Turtle Creek.

Approximately 75 percent of the ranch is high-fenced and serves as an exotic wildlife production ranch, accommodating animals such as Axis deer, Fallow deer, blackbuck antelope, scimitar-horned oryx, and Grant’s zebras. The land also supports native wildlife including white-tailed deer, ducks, and Canadian geese.

At the heart of the ranch stands a stunning custom home spanning 7,628± square feet.

Built from limestone and stucco, the two-story residence offers two master suites, two guest suites, four bathrooms, a three-car garage, and superlative architectural details, such as reclaimed longleaf pine floors, Old Worldstyle doors, stone arches, four fireplaces, bespoke windows and millwork, a hidden butler’s pantry, and high-end appliances. Entertainment is effortless with an opulent wet bar, two half-baths, and expansive living areas. Outdoor living is elevated by a 2,000-square-

foot Saltillo-tiled terrace with a fireplace, a tranquility porch with a French fountain, IPE wood decks, and a rock fire pit.

Additional accommodations include a recently re-roofed 1,196± square-foot modular guest home and a 1,396± squarefoot, open-design pool house with a heated indoor lap pool and hot tub.

Operational facilities feature guest stables with amenities and storage, ranch offices (40 ' x 20 ' ), a climate-controlled workshop (40 ' x 40 ' ), covered parking (60 ' x 40 ' ), an 11stall horse barn with three-rail pipe fencing, and an equipment barn (170 ' x 50 ' ) with a concrete floor anchors a climate-controlled, outfitted bus stall (70 ' x 22 ' ) and a covered equipment port (101 ' x 25 ' ).

Contact Howard W. Hood, Broker, at (830) 739-3815. Listed for $11,995,000.

$11,995,555 • Property ID: 24335550

172± Acres

Panther Creek Ranch

resort-style living

Kerr County

Located off Texas Highway 39 just 25 minutes from Kerrville, Panther Creek Ranch is a distinctive 108± acre live water property featuring extensive private Guadalupe River frontage and a customdesigned home situated on a high ridge beyond the reach of flood waters.

The ranch offers 1,187± feet of private access to both sides of the Guadalupe River, with terrain that rises to a ridge and slopes gently to a parklike river bottom accessible by vehicle. The land includes cleared areas and native wildlife habitat supporting white-tailed deer, axis deer, and other exotics, along with two deer feeders and a deer blind that transfer with the sale.

The four-bedroom/four-bathroom, U-shaped home, encompasses more than 9,106± square feet including all air-conditioned living, covered outdoor and patio space, is designed in a modern Hill Country style inspired by historic dogtrot cabins. It features a lavish courtyard with an oversized infinity pool, floor-to-ceiling windows and glass sliding doors, and a blend of materials

such as white limestone, granite, polished concrete and warm wood. The private master suite and guest suites flank the main living area, which includes a fully equipped kitchen with toptier appliances and a 200-bottle temperaturecontrolled wine fridge.

The property includes a covered patio with an outdoor kitchen, firepit, a detached garage with a covered pull-through carport, a temperaturecontrolled mechanical building for pool and water systems, a water well with backup generator, fiber optic service, and a 25' x 60' metal barn near the entrance. Improved ranch roads ensure full accessibility.

Contact Howard W. Hood, Broker, at (830) 739-3815. Listed for $9,995,000.

$9,995,000 • Property ID: 25772043

Howard W. Hood , Broker 830-739-3815

Howard@HoodRealEstateInc.com

108± Acres

West 1077 Ranch

hill country retreat

Nestled on 227.379± acres just minutes from Bandera, West 1077 Ranch offers a rare opportunity to own a turnkey Hill Country retreat with exceptional versatility and natural beauty. Ideally suited for a corporate retreat, event venue, multigenerational family compound or scenic rural escape, the ranch blends rustic charm with modern functionality in a gently rolling landscape.

Located within an hour of San Antonio, the property fronts Bandera Creek Road and borders the Hill Country State Natural Area, creating a remarkable sense of privacy while expanding recreational possibilities. Miles of nearby trails invite horseback riding, hiking, biking and bird watching, while the natural area provides a lasting buffer from future development.

Stands of oak trees, native grasses and shrubs define the terrain, supporting local wildlife and enhancing the ranch’s serene setting. Trails wind throughout the property, and a wet weather pond offers potential for enhancement into a year-round water feature. Several attractive building sites provide flexibility for future improvements.

West 1077 Ranch comfortably accommodates overnight guests with 13 cabins offering space for up to 63 people. Golden hued wood interiors and cedar furnishings create warm, inviting spaces throughout.

The cabins are complemented by a farmhouse style cottage, a one-bedroom apartment and a contemporary three-bedroom/two-bathroom owner’s residence with expansive views.

Additional amenities include a ranch lodge with a commercial kitchen and dining hall, an assembly hall equipped for meetings and events, equestrian facilities, an office, laundry facilities, and a resort style swimming pool with deck and lounge areas. Reliable water systems, including three wells and two rainwater catchment systems, and fiber optic connectivity ensure convenience without sacrificing the authentic Hill Country experience.

Just 10 miles from Bandera and within easy reach of Lost Maples and Fredericksburg, West 1077 Ranch is ready for its next chapter.

Contact Conner W. Hood, Broker Associate, at (830) 928-2317. Listed for $4,750,000.

$4,750,000 • Property ID: 26420159

Bandera County

227± Acres

WR Ranch

country living and big city convenience

WR Ranch is a premier ranch estate spanning approximately 55 acres in Forney, one of the Metroplex’s fastest-growing communities. It offers both privacy and convenience, with easy access to IH-20 and US Highway 80. Downtown Dallas is just 45 minutes away and Mesquite Municipal Airport is only 15 minutes away.

The ranch’s landscape is defined by gently rolling terrain, including 44 acres of improved Coastal Bermuda pasture and six ponds, some stocked for fishing. It borders a 4,000-acre ranch that is unsuitable for development, providing enduring privacy and a classic rural Texas atmosphere, complemented by Dallas skyline views.

Equestrian enthusiasts will appreciate the four-stall barn with a tack and feed room, a 110' x 230' uncovered riding arena, and a thoughtfully designed paddock system. The ranch qualifies for agricultural tax valuation.

The property’s heart is an 11-acre headquarters compound, half irrigated and enclosed by ornate iron fencing.

The main residence, constructed from brick, Austin stone, and cast stone, spans roughly 8,800 square feet and features six bedrooms and seven baths. Inside, the home impresses with marble floors, faux-marble columns, and soaring ceilings up to 22 feet. Custom crown molding, granite countertops, and expansive windows create a bright, luxurious ambiance. The formal dining room boasts a rotunda ceiling over 20 feet high, while the gourmet kitchen is equipped with highend appliances and a large island. The living room centers around a gas/wood burning limestone fireplace and custom cabinetry.

Additional amenities include a wine cellar with a dumbwaiter, entertainment bar and a master suite with patio access and a walk-in closet featuring a rotating rack. Modern comforts are ensured with enterprise-grade Wi-Fi, whole-home audio, Apple HomeKit integration, and exterior security cameras.

The upper level offers a living area, covered balcony, home theater, game room, and a flexible bedroom suite. Outdoor living is

enhanced by a Mediterranean-inspired pool area, a 1,200-square-foot pool house, and a covered kitchen and entertainment bar.

WR Ranch blends luxurious country living with city convenience for the best of both worlds.

$3,995,000 • Property ID: 25813867 Kaufman County

Contact Conner W. Hood, Broker Associate, (830) 928-2317. Listed for $3,995,000

Conner W. Hood, Broker Associate 830-928-2317

Conner@HoodRealEstateInc.com HoodRealEstateInc.com

55± Acres

Hidden Valley Ranch

The most amazing, continuous live water features Bushwhack Creek, multiple hidden springs and flowing water to 12 private lakes, multiple waterfalls and aesthetic native rock edging, walkways and bridges. Grand oaks are scattered across rolling terrain that incorporates several strategically placed homes to provide flexibility for family and friends. The vast acreage, amazing water, habitat and dedicated management supports abundant wildlife, to include free ranging exotics plus bass and seasonal waterfowl.

3,290± ACRES IN KERR COUNTY • PROPERTY ID: 22542487

Cypress Vista Ranch

Premier recreational estate ideally located just minutes from Johnson City or Dripping Springs. This meticulously improved, high-fenced ranch offers an exceptional suite of amenities.

Cypress Island Ranch

This picturesque ranch features 1,700± feet of highly sought-after Cypress Creek frontage, lined with mature, towering cypress trees that create a stunning natural centerpiece.

1,100± ACRES IN BLANCO COUNTY • PROPERTY ID: 26427945

900± ACRES IN BLANCO COUNTY • PROPERTY ID: 26427950

Little Yoledigo Creek Ranch

Little Yoledigo Creek Ranch is a well-rounded ranch with the character, resources, and setting to be a very special place.

3,197± ACRES IN FRIO & ZAVALA COUNTIES PROPERTY ID: 24758837

Drummond Creek Ranch

A turn-key hunters paradise with some of the finest quail and native free-range whitetail South Texas has to offer!

2,220± ACRES IN MCMULLEN COUNTY PROPERTY ID: 23833450

El Tecomate Ranch

This famous ranch is a mainstay of the South Texas brush country known for outstanding native whitetail deer, displaying exceptional genetics plus a premier management system.

2,158± ACRES IN STARR COUNTY PROPERTY ID: 26664953

Encinal Ranch

With excellent brush diversity, improved quail habitat, strong water infrastructure and superb whitetail genetics, this high fenced ranch showcases expert management.

850± ACRES IN WEBB & LASALLE COUNTIES PROPERTY ID: 26632327

Living Waters Ranch

A handsome lodge on a majestic bluff overlooks the Nueces River, an attraction for fishing, water sports, or exploration of the Indian caves.

705± ACRES IN UVALDE COUNTY PROPERTY ID: 13911558

Blue Mountain Farm

This property is a convenient, well-watered, fully operational productive farm while also having plenty of land for hunting.

709± ACRES IN UVALDE COUNTY PROPERTY ID: 24758856

Alta Mira Farm

This well watered, highly productive irrigated farm has a prime location and easy access, making it ideal for cattle or recreation with 240± acres of native brush.

598± ACRES IN UVALDE COUNTY PROPERTY ID: 24023579

Coleman Farm

This fertile farmland has subsurface water of multiple irrigation wells and pivots plus 20 acres on the western boundary featuring the Leona River..

295± ACRES IN UVALDE COUNTY PROPERTY ID: 13442783

3 Creeks Ranch

Finely restored historic improvements blend with miles of springfed creeks, stunning views and fertile improved pastureland.

886± ACRES IN GILLESPIE COUNTY PROPERTY ID: 22991966

Trescientos Ranch

Permanent spring-fed water and a central Hill Country location provides a permanent or weekend retreat.

300± ACRES IN GILLESPIE COUNTY PROPERTY ID: 21440827

Hunters Creek

Miles of spring-fed creeks, stunning views and improved cross-fenced pastures comprise a rare property that showcases a restored 1850s home and 1874 stone home.

740± ACRES IN GILLESPIE COUNTY PROPERTY ID: 25067216

Price Ranch

Beautiful improvements, plus both agricultural and wildlife exempt taxes add appeal with stunning live water, water wells and ponds plus both native and exotic wildlife.

347± ACRES IN GILLESPIE COUNTY PROPERTY ID: 26302654

Rio Oro Ranch

This fabulous Live Water ranch is just outside town, centered by a custom limestone ranch house that overlooks a canvas of Live Oaks.

365± ACRES IN KENDALL COUNTY PROPERTY ID: 25781118

WNS Ranch

Rolling hills, serene valleys, grand trees and modest improvements provide the perfect combination for an ideal getaway or permanent residence with potential for new construction.

313± ACRES IN KENDALL COUNTY PROPERTY ID: 18016073

South Fork Ranch

Owned since the 1940s, this unique ranch has a lush section of the South Fork of the North Prong of the Medina River, offering phenomenal views from a modest blufftop headquarters.

590± ACRES IN BANDERA COUNTY PROPERTY ID: 24013120

Heart Rock Ranch

This turn-key working and recreational ranch is in a valley along Myrtle Creek, offering total privacy with gorgeous views.

702± ACRES IN BANDERA COUNTY PROPERTY ID: 26106154

Last Buck Ranch

The East Prong of Big Creek flows through this ranch enhancing the fertile pastureland plus enhancing cover for wildlife for hunting and livestock opportunities.

386± ACRES IN BLANCO COUNTY PROPERTY ID: 25025308

1897 James River Ranch

This historic ranch is set along the scenic banks of the James River with deep pools, fertile bottomland, dramatic elevation changes, and established infrastructure.

1,290± ACRES IN MASON COUNTY PROPERTY ID: 23668400

Flying MMM Ranch

The never-ending beauty of live water Llano River and nature are complemented with modern amenities. Seller will divide.

407± ACRES IN MASON COUNTY PROPERTY ID: 22846452

San Gabriel River Ranch

This beautiful recreation and working ranch has the north San Gabriel River flowing through, providing peaceful habitat for wildlife, birds and fish.

443 ± ACRES IN BURNET COUNTY PROPERTY ID: 22825105

Terra Rosa Ranch

With a hawk eye's view of the wild and untamed land below, Terra Rosa serves as the quintessential hunting ranch.

29,594± ACRES IN COLLINGSWORTH & DONLEY COUNTIES PROPERTY ID: 23269653

El Rancho Vacek

Features over 2± miles of beautiful Lampasas River frontage, offering privacy, recreation, hay production and breathtaking natural beauty.

716± ACRES IN LAMPASAS COUNTY PROPERTY ID: 26431116

Tecaboca

Owned since 1951, this property had been a children’s camp and spiritual retreat. Highlighted by spring-fed Johnson Creek, a rich aquatic ecosystem.

95± ACRES IN KERR COUNTY PROPERTY ID: 24947385

Lady J Headquarters

Tucked away in the rolling hills just above the Navasota River bottom, these pristine acres have an array of improvements.

11.5± ACRES IN LEON COUNTY PROPERTY ID: 24289879

On the Cover

CONTACT FOR PRICE

29,294± ACRES

JEFF DAVIS COUNTY

CALDWELL RANCH

Caldwell Ranch is a rare, high-elevation Davis Mountains escape bordering the Davis Mountain Nature Conservancy, offering protected views, dark skies, and exceptional biodiversity. This historic working ranch features dramatic canyons, abundant wildlife, extensive infrastructure, and refined guest accommodations, blending conservation, recreation, and legacy ranching in iconic West Texas. Property ID: 26164971

$10,000,000

5,121± ACRES

TERRELL COUNTY

KC PECOS RIVER RANCH

KC Pecos River Ranch spans 5,121± acres along 4.3 miles of springfed Pecos River frontage. With rugged canyons, diverse wildlife, and historic roots, this rare property offers prime hunting, fishing, and outdoor recreation bordered by The Nature Conservancy’s Independence Creek Preserve. Property ID: 25312864

$38,000,000

11,893± ACRES

CULBERSON COUNTY

KOEHN RANCH AND FARM

The Koehn Ranch and Farm is 11,893± acres and is one of the most important operating irrigated farms in the region with 14,202.5± acrefeet of permitted Agricultural water rights and 100± acre-feet of industrial water rights and with 20 circles located in a Basin and Range valley of leveled fields surrounded by area mountains.  A rare Far West Texas ranch blending crops, livestock, and hunting. Property ID: 23586888

| (432) 386-2821 HARRISON KING, AGENT Harrison@KingLandWater.com | (432) 386-7102

1,535± ACRES PRESIDIO COUNTY

GODBOLD RIDEOUT RANCH

Godbold Rideout Ranch spans 1,535± acres in Presidio County’s Chihuahuan Desert, featuring rolling grasslands, desert wildlife, and panoramic mountain views. Located 25 miles south of Marfa off Casa Piedra Road, the ranch offers historic character, abundant groundwater, and access to Big Bend Ranch State Park and the Rio Grande. This is Chihuahuan Desert hunting land at its best and a nature lover’s dream. Property ID: 24506431

77,261± ACRES

HUDSPETH COUNTY

EAGLE & CARRIZO MTN RANCH

The Eagle Mountain/Carrizo Mountain Ranches are actually two nearby distinct properties that are connected by an improved caliche county road and miles of a paved/concrete private easement road linking the ranches with easy access. Similar to the Davis Mountains and the Chisos Mountains of the Chihuahuan Desert, this mountain range functions as a sky island habitat, with intermountain ridge lines and valleys serving as corridors for wildlife migration. Property ID: 7684861

Under Contract

$1,995,000

0.17± ACRES

PRESIDIO COUNTY

THE PLATEAU HOUSE

A thoughtfully redesigned Marfa compound spanning a half–city block with a spacious three-bedroom/three-and-a-half-bath main house, guest casita, yoga house, pool and private gardens. Updated throughout with structural upgrades, custom kitchen and seamless indoor–outdoor flow, ideal for elevated living and entertaining. Property ID: 25759045

$5,720,000

5,200± ACRES

JEFF DAVIS COUNTY

MOODY BENNETT RANCH

Moody Bennett Ranch lies within a broad valley of historic, irrigated farmland surrounded by a rugged desert mountains landscape; with the Sierra Pilares Mountain range of Old Mexico to the west and the Van Horn and Eagle Mountains of West Texas to the north. Property ID: 25681102

New Listing

$1,100,000

74± ACRES

JEFF DAVIS COUNTY

BLUE MOUNTAIN VISTA

Blue Mountain Vista is a 74± acre mountaintop retreat in the Davis Mountains, offering a handcrafted custom home, cool summer elevations, rolling grasslands, mature woodland, and sweeping panoramic views. Exceptional privacy, and close proximity to Fort Davis. Property ID: 26294064

$1,849,408

1,000± ACRES

PRESIDIO COUNTY

OCOTILLO RIM RANCH

Located 35 miles south of downtown Marfa, just past the end of the pavement on Casa Piedra Road, Ocotillo Rim Ranch spans nearly 1,000± acres of elevated rim country with expansive views, wildlife habitat, and rich family history. Featuring electricity, water infrastructure, and dramatic terrain, it’s a rare West Texas legacy property with unmatched beauty. Property ID: 24151737

Sold

20,424± ACRES

BREWSTER COUNTY

DESERT MOUNTAIN RANCH

Desert Mountain Ranch name says it all. Tucked away within the solitude of the Chihuahuan Desert of Brewster County just north of Big Bend National Park and Black Gap WMA the ranch is rich in history, habitat, geology, and modern conveniences. Property ID: 13431082

$8,500,000

377± ACRES

BANDERA COUNTY

SPIRES CREEK RANCH

Located a few miles west of Bandera. This live water ranch is incredibly peaceful and protected setting on the banks of Rock Cliff Reservoir, Spires Creek, and the Medina River. The Headquarters, tastefully located on the cliffs of the Lake with impeccable cut limestone improvements and an architecturally unique airplane hangar and runway. Property ID: 22436314

| (432) 386-2821

$2,995,328

568± ACRES

DAVIS COUNTY

HUMMINGBIRD RANCH

Hummingbird Ranch is in the heart of the Davis Mountains, straddling Limpia Canyon adjacent to the Davis Mountain Preserve. A natural high elevation wooded private escape located in the DMR subdivision, provides a diverse habitat and abundance of game and non-game animals and wildlife. The ranch is named after the rich diversity of hummingbirds found here with at least 16 species documented including the Rivoli, White Eared, Rufus, Anna’s and Lucifer hummingbirds to name a few. Property ID: 19301951

7,520± ACRES

COUNTY

Mc MILLAN RANCH

McMillan Ranch has been in the same family since the 1940s and is due west of the Eagle Mountains which tower over the ranch creating breathtaking views. This ranch offers an easily accessible headquarters, three water wells, and several large surface tanks. Excellent hunting and recreational ranch and a mere one and a half hours from El Paso International Airport and one hour from Van Horn Airport. 7,520± acres Owned and Leased; 3,840± acres Fee Ownership, 3,680± acres GLO Lease. Property ID: 18414901

RANCH 2810

2,858±

Ranch 2810 is part of a million-acre Chihuahuan Desert Grasslands called the Marfa Grasslands. The ranch is 2,858± acres, a premier luxury home with six-bedroom/seven-bathroom, two-half-bath several pastures and new fencing as well as a water distribution system that provides water to the houses and grounds as well as for livestock and native wildlife, located only five miles west of Marfa, Texas. Property ID: 19721440

BALMORHEA WAREHOUSE COMMERCIAL PROPERTY

Located at Exit 209 fronting on south side of I-10 east of Balmorhea at Highway 17 intersection. Built in 1996 and expanded in 2000. One of the largest warehouses in the region with 13 semi-truck bays, office and is divided into two large open floorplans. Property ID: 13712631

CARO CREEK RANCH

The Caro Creek Ranch is a 536.8-acre South Texas hunting and recreational ranch, fully enclosed with a quality game fence. Located in Jim Wells County, this property offers exceptional wildlife opportunities and classic South Texas brush country terrain ideal for hunters, wildlife enthusiasts, and those seeking an excellent hunting ranch. $2,679,000

536.8± ACRES IN JIM WELLS COUNTY • PROPERTY ID: 26292939

SWEET 16 RANCH

Located in Lavaca County, and just 8 miles from Hallettsville. There are approximately 2.5 miles of the Navidad River and Mixon Creek on three sides of the property, big oaks, 500+ pecan trees and open, improved, and irrigated pastures. The Main house is 3,465 square feet and was completed in 2023. The main house also has a 1,100-squarefoot garage that houses a gun closet and the full-home water filtration and softener system. There is a 1,100-square-foot yard with an enclosed white picket fence and maintenance-free turf. $4,250,000

228± ACRES IN LAVACA COUNTY • PROPERTY ID: 24461967

GRANITE SAND RANCH

Nestled in the heart of the Texas Hill Country, this remarkable 301.5 acre ranch offers a rare opportunity to own a piece of land that has been cherished and stewarded by the same family for over a century. Conveniently located just 24 miles north of Fredericksburg and 20 miles south of Llano, the property combines privacy, history, and natural beauty in one exceptional package. $4,070,250

301.5± ACRES IN LLANO COUNTY • PROPERTY ID: 25421065

4 PEAKS RIVER RANCH

This expansive property offers an unrivaled opportunity to own an untouched river retreat with boundless potential. Fronting the scenic Bear Creek Road with two separate entrances, 4 Peaks River Ranch captivates with pristine Guadalupe River frontage and two serene ponds further enrich the habitat by providing essential drinking water for wildlife. $15,000,000

345± ACRES IN KERR COUNTY • PROPERTY ID: 22778598

SANDY CREEK RANCH

This 145-acre property is ideally located just 23 miles from the new Samsung chip plant under construction in Taylor, Texas, offering excellent investment potential and commuting convenience. It also sits just a few miles from the upcoming Sandow Ranch Resorts development, adding to the area’s future growth and appeal. $2,066,250

145± ACRES IN MILAM COUNTY • PROPERTY ID: 23736132

ARROWHEAD 940 RANCH

Discover the unparalleled opportunity to own the front 940 acres of the prestigious Arrowhead Ranch. This tract boasts a perfect blend of natural beauty, diverse native terrain and privacy. Once the flagship ranch of land baron Lloyd Bentsen Sr., the Arrowhead Ranch paints an ideal canvas for ranching, hunting, recreation or a private retreat. $5,146,500

940± ACRES IN HIDALGO COUNTY • PROPERTY ID: 26455905

CJC RANCH

Conveniently positioned about 50 minutes from San Antonio and less than 20 minutes from Hondo, this South Texas property is both a practical cattle operation and an exceptional recreational getaway. Whether you’re seeking a weekend retreat, a hunting destination, or a productive cattle operation, CJC Ranch offers the ideal combination of privacy and accessibility. $1,700,000

267± ACRES IN MEDINA COUNTY • PROPERTY ID: 25042745

BIG OAKS RIVER RANCH

A premier riverfront property along nearly two miles of the scenic Nueces River, located in the famed Golden Triangle of South Texas. This outstanding ranch features deep riverbanks, giant majestic live oak trees, and outstanding wildlife habitat in a peaceful, private, and secluded setting. It is a true haven for hunters, ranchers and nature enthusiasts alike. $1,500,000

281.52± ACRES IN ZAVALA COUNTY • PROPERTY ID: 26695220

SEMINOLE RANCH

The Seminole Ranch is a high-fenced property in far southern Kinney County, less than 5 miles from the Maverick County line. The ranch has miles of water infrastructure, a well-maintained road system and a diversified game population. Over the past few years, clearing and other brushwork have been a priority, providing open space for both game and livestock. The property is also traversed by a pipeline right-of-way for 8,000+ feet, which has resulted in significant payments to previous owners. $3,307,500

1,323± ACRES IN KINNEY COUNTY • PROPERTY ID: 24407446

GRANITE RIDGE RANCH

Located 7 miles west of Llano, Granite Ridge Ranch, offers a strong combination of usability and access. The ranch features rolling terrain with prominent granite outcroppings, good native grasses, and multiple elevated build sites offering long-range views. It is well-suited for both cattle operations and recreational use, making it a versatile holding in a high-demand area. $4,317,250

345.38± ACRES IN LLANO COUNTY • PROPERTY ID: 26854207

GOODE RANCH

The Goode Ranch is 268.67-acre South Texas hunting and recreational ranch, fully enclosed with a quality game fence. This property offers exceptional wildlife opportunities and classic South Texas brush country terrain ideal for hunters, wildlife enthusiasts and those seeking an excellent hunting ranch. $1,343,350

268.67± ACRES IN JIM WELLS COUNTY • PROPERTY ID: 26293016

CARR RANCH

The Carr Ranch is a prime South Texas located just 22 miles east of Laredo off HWY 359, placing it in the heart of some of the most renowned hunting country in the state. Whether you’re looking for a hunting property, a recreational getaway, or a raw piece of land to develop your way. $851,400

258± ACRES IN WEBB COUNTY • PROPERTY ID: 25622973

UVALDE CO. 10

Stunning 10-acre estate minutes from Concan and the Frio River. Welcome to your dream retreat on the edge of the scenic Texas Hill Country and South Texas! This breathtaking property offers a blend of privacy, luxury and country living. $1,100,000

10± ACRES IN UVALDE COUNTY • PROPERTY ID: 25135422

SAN ISIDRO RANCH

The San Isidro hunting and cattle ranch is stunning. Located between La Gloria and Rio Grande City with huge mesquite trees, virgin brush, large neighbors, a great native deer herd and Axis deer inside a high fence. $1,100,000

186± ACRES IN STARR COUNTY • PROPERTY ID: 23668389

TIRED S RANCH

Excellent rural privacy and the peace and quiet that comes with country living! 182-acre unrestricted ranch with possibilities! Improvements include a 1,728 square-feet well-maintained three-bedroom and two-bathroom home, two water wells, perimeter fencing, shooting range, garage and a large pond! Located only 7 miles North of Burnet.

LOST SPRING RANCH

This special hideaway ranch derives its name from a perpetual spring located on the property. Having reliable water is paramount for wildlife or livestock but the real bonus here is the 10+ acre lake! Big water is hard to come by, and this ranch boasts one of the best lakes in the area. A very quiet and private ranch located about ten minutes from Lampasas, an hour from Austin and about three hours from the Dallas-Fort Worth Metroplex.

281.65± ACRES IN LAMPASAS COUNTY • $3,250,000

Property ID: 25850776

RANCH INVESTMENTS SINCE

TEXAS RANCH

Texas Ranch is a beautiful and versatile property ideally situated near the base of the Edwards Plateau, just northwest of Sabinal, Texas. The ranch offers stunning northfacing views that create a scenic setting, perfect for both recreation and agricultural use.Its prime location places you just minutes from Concan and Garner State Park, giving you convenient access to the many attractions and outdoor activities of the Frio River region, including tubing, fishing, and hiking.

560± ACRES IN UVALDE COUNTY

$3,304,000

90-ACRE MILLS COUNTY RANCH

90 Acre ranch located 15 miles East of Goldthwaite on paved FM 574. This ranch boasts rolling native land with Hill Country Views and privacy. Abundant wildlife including white tail deer, turkey, dove, hogs and other native species. Gently rolling native land with Hill Country Views. Three ponds provide water for the wildlife. Ideal hunting ranch, 2/2 manufactured home/ hunting cabin, water well and electricity. There’s also a pole barn with working pens and a squeeze chute.

90± ACRE IN MILLS COUNTY

$648,000

50-ACRE BURNET COUNTY RANCH

Great 50-acre unrestricted tract with possibilities! Located in Burnet County off of paved CR 108, just 6 miles north of Burnet and about one hour from Austin. Improvements include a 600 square-feet, One-bedroom and one bathroom cabin. Water is provided by a water well. Large hardwoods cover the ranch and provide excellent wildlife habitat. The property is agricultural exempt.Fenced on all but the South Side to allow for the cattle on the neighboring ranch to graze.

50.34± ACRES IN BURNET COUNTY

$704,760

LAMPASAS RIVER RANCH

Perched high above the Lampasas River, just 11 miles from downtown Lampasas, Texas, lies a 177-acre recreational hunting ranch with approximately 1,900 feet of river frontage. The charming home sits atop a high riverbank, offering stunning views and no flood concerns. Covered porches wrap around three sides, providing comfortable outdoor seating. A spacious carport accommodates all your vehicles.

177± ACRES IN LAMPASAS COUNTY

$3,186,000

KEYES RANCH

2,175± Acres in Hays County | Property ID: 25369315 | $65,250,000

Keyes Ranch delivers exceptional Hill Country acreage with big views, privacy, and convenient access to Austin, San Marcos, and San Antonio. Rolling terrain and dramatic elevation create multiple prime building sites with long-range views, ideal for a homestead, retreat, or investment. Open pastures, barns, and a well-maintained road system support functionality, while two lakes, surface tanks, and wet-weather creeks enhance the ranch’s natural appeal. Additional acreage and improvements may be available. This property is co-listed with Dave Ramsey and Danny Quinlan of NewQuest.

DRAGOO DRAW RANCH

11,610± Acres in Sutton County Property ID: 21763072 | $28,950,000

Ultimate privacy and superior stewardship! This extraordinary Texas ranch delivers unmatched seclusion, breathtaking views and premier improvements—including a grand 4,000± square-foot main home, foreman’s and hunter’s houses, barns and sheds. Thoughtfully managed and rich with potential, it’s a rare opportunity to own a true legacy property built for adventure, comfort and lasting value.

SABINAS CREEK RANCH

396± Acres in Kendall County | Property ID: 27468713 | $12,950,000

Sabinas Creek Ranch presents a rare opportunity less than 10 minutes north of Boerne, combining strategic location, substantial existing improvements, and long-term recreational use in the Texas Hill Country. With Sabinas Creek traversing the property, diverse wildlife, equestrian infrastructure, three barns, multiple residences, paved access, and close proximity to Boerne and Fredericksburg, the ranch offers strong versatility for continued private use, income-producing potential, or future enhancement.

HIDDEN RIVER RANCH

255± Acres in Atascosa County | Property ID: 27468325 | $3,950,000

Hidden River Ranch is an agricultural-exempted river ranch currently under a Managed Land Plan, with over 3,000± feet of river frontage on both sides of the Atascosa River. The main home is a 4,181± square-foot with four-bed/five-bath, and a game room. A 768± square-foot, one-bed/onebath guest house is located just a few steps from the main residence and could easily serve as an office. Additional improvements include a 3,680± square-foot barn with a 1,000± square-foot loft, a smokehouse, and a walk-in cooler. The property features dense vegetation, including Live Oak, Mesquite, and other native South Texas plants.

NUECES RIVER RANCH

2,500± Acres in McMullen County | $9,875,000

ROLLING VISTA RANCH

Multiple Tracts in Blanco County | Call For Pricing

With multiple tracts ranging from 40± to 130± acres, Rolling Vista Ranch offers exceptional Texas Hill Country land, combining scenic beauty and usable topography. Gently rolling terrain provides multiple high points with expansive 30+ mile views of Packsaddle Mountain and surrounding Hill Country vistas. The ranch has been thoughtfully maintained, with much of the cedar and underbrush managed to highlight large oak trees and native grasses. Easy access to the 290 Wine Trail, the property is ideally positioned only 20± miles from Fredericksburg and 15± miles from Johnson City.

Nueces River Ranch is a high-fenced hunting property that has remained in the same family for over 30 years. The ranch is in the sweet spot of the Golden Triangle, and fronts Hwy 624. The Nueces River flows approximately 3,800± feet through the property, as well as wet weather Green Branch Creek for 1.5± miles. Several good water wells and eight ponds are located on the ranch. It also features seven cultivated food plots totaling approximately 50± acres. Recent improvements include senderos, roads, cross fencing, and other infrastructure. Multiple blinds and feeders are strategically placed to enhance the hunting experience. The ranch also includes a two-story house, pens, barns, and troughs.

$4,000,000 42.39 Acres in Northlake, Texas

The

Spanning approximately 43 acres in the heart of Northlake, this exceptional property offers rolling terrain, expansive views, and stunning sunset backdrops that stretch across the horizon.

A beautiful mix of mature trees adds character and privacy throughout, while open pastures flow naturally into a stocked pond, supported by gentle drainage and currently accommodating cattle with agricultural tax benefits in place.

Adding to its functionality and appeal, the property is well-equipped with a 7-stall horse barn, accessory dwelling, tractor barn, and workshop—creating the ideal setup for equestrian use, entertaining, or everyday ranch operations.

Peaceful, private, and impossible to replicate, Coyote Hill delivers a rare balance of natural beauty and usability. The landscape provides both dimension and functionality—something increasingly hard to find this close to DFW.

Whether you envision building a custom estate, creating a multi-generational retreat, or holding as a long-term investment, this property offers endless potential. With a private well already in place and utilities available, the groundwork is set—making it easy to bring your vision to life. All of this is surrounded by the natural beauty of Northlake, while still offering convenient access to major thoroughfares, shopping, dining, and entertainment.

This is more than land—it’s an opportunity to create something meaningful, to own space that offers both freedom and long-term value.

Coyote Hill Ranch

TURTLE CREEK ESTATE

22± Acres in Kerr County

Gorgeous 4,884 square-feet custom rock home with three bedroom and three-bath including an office and loft. This home sits on a lovely 22.4 acres estate surrounded by giant oaks, including an 8,400 square-feet super nice metal building storage barn for RV, fantastic frontage on live turtle creek with deep water for fishing and kayaking with drive across dam. This Turtle Creek Estate is a powerhouse property for anyone looking to combine a luxury Hill Country lifestyle with serious hobby or commercial potential. Located just minutes from Kerrville, it offers the “quietly tucked away” feel with “edge of town” convenience. Mark Meek, Broker.

$2,695,000 • Property ID: 17127367

HIGH FENCE FALLOW MOUNT RANCH

81± Acres in Kerr County

The High Fence Fallow Mount Ranch offers a great escape from the city. 81± acres with Hill Country views, fertile soil in the deep valley, paved road frontage, loaded with Live Oaks and high-quality game animals. The rolling terrain typical of the Divide Country provides a diverse setting while being gentle enough for family recreation. Unmatched free-range hunting for exotics and native species gives a quality yearround hunting experience. This is excellent recreational, ranching, or hunting property. Located in NE Real County, across the street from the historical Garven Store with easy access off of the intersection of 83 and 41, you won’t find a better ranch than this! Caleb Rightmer, Agent.

$849,950 • Property ID: 21977360

TROPHY EXOTIC RANCH

71± Acres in Kerr County

The Trophy Exotic Ranch offers 71± acres of lush, rolling hill country, with 6,500 foot of new high-fencing, new 20 GPM water well, lined pond, and a one bed/one bath Cedar cabin. Located in the heart of the Divide country, the 71 acres is easily accessible from all directions, with a private entry and access road. Flourishing Live Oaks and Shin Oak line the ranch, with some cedar left standing for additional cover for game animals. Relatively gentle for the area, the ranch is suitable for hunting, recreation and full time living. Just a 35-minute drive from Kerrville, 30 minutes from Junction and 25 minutes from Leakey. Marshall Burford, Agent.

$799,950 • Property ID: 21977914

BAR H RANCH

240.41± Acres in Edwards County

The perfect retreat for family, recreation or premier hunting. Surrounded by large neighboring ranches, it offers exceptional privacy while still boasting over 5,000 feet of highway frontage for easy access. The ranch is home to Axis, Blackbuck, Whitetail and Turkey, thriving in diverse habitat of oak, shin oak and cedar. A large private lake serves as a focal point, attracting game and providing recreation such as fishing, kayaking and relaxing by the water. Dylan Warren, Agent.

$1,541,000. • Property ID: 24562236

YO RANCHLANDS

51.18± Acres in Kerr County

The Y.O. Ranchlands are known for offering world-class hunting rarely found on properties of this size. The Ranchlands consistently produce trophy Whitetail and a wide variety of exotics including Axis, Fallow, Blackbuck, Sika and Aoudad. Turkey and other game birds are also abundant. Spanning over 10,000 acres of largely unfenced, game-managed land, the Ranchlands allow landowners and their guests to enjoy high-quality hunting experiences year after year. The presence of exotic species provides year-round hunting opportunities. Several blinds and feeders are in place and ready for immediate use. Caleb Rightmer, Agent.

$475,000 • Property ID: 26954114

Taylor Development Property

Land south of Taylor near Samsung but outside the ETJ maximizes development options while minimizing development time and cost. Currently used for cattle and row crop farming. Improvements include selective fencing, several stock tanks, working pens, a barn and a brick home. Fronts CR 406 with access to CR 405. Additional acreage is available. Call for more details and price.

163.36± ACRES IN WILLIAMSON COUNTY

Property ID: 18155412 | Call for Price

Taylor Development Property

Ideally suited property for development outside the ETJ near the Taylor Samsung plant. Frontage on two paved county roads contributes to about a half mile of options for ingress and egress to this agriculture taxexempt property. Improvements include a brick home on concrete piers and steel I-beams with about 3,150 square feet under roof, a barn with about 10,000 square feet under roof, two sheds with about 3,200 square feet total under roof, and half acre pond.

69.34± ACRES IN WILLIAMSON COUNTY

Property ID: 16734960 | Call for Price

66 Acres in Kenedy

Development opportunity on about 66 acres with frontage on FM 1145 (Flax Plant Road) and Highway 181. Access to utilities. Will divide. You’re not going to find a better deal in Kenedy.

66± ACRES IN KARNES COUNTY

Property ID: 1754872 | $840,000

Don Hatcher, Realtor® • Beverly Hatcher, Broker

Lisa Hatcher Taylor, Broker Associate, SRES

Zulma Cuevas, Realtor® • Brittany Langley, Realtor® Madisonville, Texas • (936) 348-9977

DBLRealEstate@sbcglobal.net

Existing Service Station

0.35± Acres in Leon County Normangee, Texas

$1,376,000 • Property ID: 25337927

Experience a rare opportunity to acquire an income-producing auto service facility in Normangee, Texas providing a high performing existing business in a prime location with growth potential. Spanning a total of 5,232 square feet, this service station delivers a functional open layout across a large workshop. The building features a lobby/intake area, office, eight shop bays, two gas pumps, one diesel pump and cinder block construction. Strategically positioned, the station sits on a 0.3450-acre corner lot facing FM 39 with frontage on Hwy 3 (aka Main St.), and 1st St. The hard-corner location includes direct access points at the most highly visible and most traveled area of Normangee, Texas. Per TX Dot 2024 report there were 4,060 vehicles/day on FM 39 and 1,458 vehicles/day on FM 3. With an acceptable offer the business will convey with an abundance of equipment - list available. Acquire retail space along one of the most established thoroughfares and benefit from this existing business that is rooted with a well-set customer base for a new owner/user or investment opportunity. ML# 25011182

The Jackson Estate

13.64± Acres in Madison County Midway, Texas

$549,900 • Property ID: 27091491

Welcome to country living at its finest in Midway, Texas! Situated on 13.64 ag-exempt acres, this beautiful property features a spacious 2,907 square feet brick home offering three large bedrooms and two and a half bathrooms with plenty of room for comfortable rural living. The expansive layout has a large kitchen with breakfast area, separate formal dining room, oversized living room, fireplace and split floorplan. The land is approximately 40 percent open, 60 percent wooded with native hard and softwoods with perimeter fence and Ivey Creek crosses the property. Enjoy the convenience and curb appeal of long paved FM road frontage, providing easy access and an impressive entrance presence. The open acreage offers endless possibilities for agricultural use, recreation or future improvements while benefiting from the ag exemption for lower property taxes. Whether you’re looking for a small ranch, or weekend retreat, this versatile property combines space, functionality and the peaceful setting buyers are searching for. ML# 14220222

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