Bear Canyon

Property Description

The Bear Canyon Ranch in Palo Pinto county lies amongst the dramatic topography that comprises the watershed of Lake Palo Pinto. With over 250 feet of elevation change, half the ranch sits atop a high vista before it falls into the rugged Bear Canyon. In addition to breathtaking views, the ranch is easily accessed with 1.7 miles of FM 919 along the western perimeter with a new, net-wire fence boundary.
NOTEWORTHY FEATURES:
~ 972 Acres +/- located south of US Highway 180 and north of Gordon, TX on FM 919
~ Just over 1 hour from downtown Fort Worth and 30 minutes from Possum Kingdom Lake; 12 minutes north of IH 20
~ 250 feet of elevation change
~ Centrally located water well
~ 5.25 miles of new perimeter fence, partially net-wire, partially barbed wire
~ Convenient interior road/trail system
WATER: One water well that is centrally located
HABITAT: The top portion of the ranch is 90% cedar cover with several open grassland corridors from historical brush clearing practices whether it be from seismograph lines or pipeline corridors. There is also an incomplete runway on the property that doesnt show up on aerial maps. The canyon offers much more diversity in red oaks, live oaks, hackberries, and elms.
LEASES: No surface leases in place for hunting or grazing
MINERALS: No minerals available, surface sale only
OIL & GAS PRODUCTION: 11 well site locations, 2 tank battery locations
TAXES: Ranch is NOT Ag Exempt, but can be reapplied. According to Palo Pinto CAD, current tax obligation is $40,000 per year. Once the property is applied to be placed back in an agricultural exempt status, it will take a 5-year proving phase before the application will have an opportunity to be accepted. This has been taken into account in the asking price.
PRICE: $3,200,000 or $3292 per acre
CONTACT INFO: Lee Burton - Associate Broker - (325) 762-6575