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Recreational Land & Farm for Sale in Lake Creek, Texas

4798 E FM 198, Lake Creek, TX 75450

$4,200,000
446 acres
Active
Est $34,371/mo

Equestrian and cattle ranchers dream! This beautiful North East TX ranch consists of 446 acres of lush native grasses perfect for running cattle and or hay production. Covered cattle working pens and 7 pastures are cross fenced for rotational grazing. It is currently running 120 head of cows. There is a large 30 x 40 shop with a 20' overhang for equipment storage. Nine ponds provide ample water along with water fowl hunting and bass fishing. Plenty of deer and hogs on the property as well.

The heart of the ranch features a premier horse training or boarding facility. A 100 x 225' fully lighted covered arena allows for riding day or night, rain or shine. Connected to the arena is a covered 30 x 225 covered barn complete with 9 pipe pens and automatic water. There are also four 1-acre turnout pastures, two 2-acre turnouts and all have covered sheds and auto water.

The ranch boasts three houses. The first is the homestead ranch house that is approximately 1700 sq ft, 3 bed, 1 bath with a beautiful yard and mature pecan trees. The second is a 2019, 1400 sq ft 3bed, 2bath farm style manufactured home. And the third is a newly built 1200 sq ft 2bed, 1 bath barndominium style home. Plenty of room for a family business or rent the houses for added income. This property is a must see and truly one of a kind!

Conveniently located 20 minutes south of Paris and 80 miles north of Dallas

Location

Street address
4798 E FM 198
Elevation
443 feet
Coordinates
33.4316, -95.527

Directions

4802 Fm 198, Lake Creek, 75450

Property details

Acreage
446 acres
MLS #
NTREIS 20947482
Posted

Parcels

  • 2972

Resources

Details and features

Listing

Type
Land
Subtype
Ranch

Exterior

Fencing
Fenced
Outdoor Spaces
Deck
Structures
Barn(s), RV/Boat Storage, Stable(s), Storage
Features
Covered Deck, Fence, Fire Pit, Lighting, RV Hookup, RV/Boat Parking, Rain Gutters, Stable/Barn, Uncovered Courtyard

Structure

Heating
Central, Electric, Fireplace Insert, Fireplace(s)
Cooling
Ceiling Fan(s), Central Air

Nearby schools

NameLevelDistrictDescription
CooperElementary

Listing history

DateEventPriceChangeSource
May 28, 2025New listing$4,200,000NTREIS
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This 446-acre property is located at 4798 E FM 198 in Lake Creek, TX 75450. The property is available for sale for $4,200,000 with a price per acre of $9,417.

Checked 1 hour ago — Updated

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