2445 FM 116, GATESVILLE, TX 76528

Homes for sale in Gatesville.

Homes for sale in 76528.


Active

List Price$820,515

2445 FM 116

Gatesville, TX 76528

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Listing #615900

Farm

Type

About This Property

Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37± acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200--250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage.

Property Features

Location Information

County

Coryell

Directions

From Gatesville, head West on Hwy 84 (Main St) and turn left onto FM 116 towards Killeen. Property will be on the left, watch for sign. GPS to entrance 31.3899, -97.8127.

Subdivision

J Thompson

Interior Features

Interior

None

Laundry

None

Exterior Features

Exterior

Other, See Remarks

Lot Size in Acres

86.37

Possession

Closing & Funding, Closing

Water Body

Creek/Stream

Water / Sewer

Septic Needed

Has Waterfront

Yes

Fencing

Barbed Wire, Cross Fenced, Perimeter

Has View

Yes

Topography

Rolling

View

Creek/Stream

School

School District

Gatesville ISD

Additional Information

Other Utilities

Electricity Available

Property SubType 2

Farm

Property Type

FRM

Status

Active

Property SubType

Acreage

Documents Available

Aerial, Disclosure(s), Lease, Soil Test, Topographical Survey

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Mortgage Calculator

$3,830

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,956

Monthly Tax

$683

Monthly Insurance

$191

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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