Land for Sale in Stephenville, Texas

Prime 125-Acre Ag-Exempt Ranch with 5 Ponds and Two Creeks! Held in the same family since 1895, this exceptional 125-acre ranch offers a rare blend of rich heritage, agricultural production, and scenic beauty. 1,895 feet of road frontage on both sides of CR 136. Ag-Exempt property fully enclosed by 6-wire barbed fencing! Highly versatile acres featuring 5 ponds and 2 creeks in Erath County. Offers deep, fertile soil, mature pecans, oaks, elms, mesquites, and native grasses capable of running cattle, along with a 15-acre field would be excellent if renovated hay production. The west side features elevated, gently rolling hills with scenic views ideal for building your dream home. Property is brimming with wildlife-deer, turkey, dove, and more. The current cattle & deer leases offer immediate flexibility (can terminate at sale-Jan 2027 or extend). Low taxes ($164.77 in 2025). Conveniently located off CR 136, 14 miles south of I-20, 21 miles north of Stephenville, and 38 miles west of Weatherford.