TBD FM 116, GATESVILLE, TX 76528
Homes for sale in Gatesville.
Homes for sale in 76528.
List Price$820,515
TBD FM 116
Gatesville, TX 76528
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
Similar Listings
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
Walk Score
Listings Courtesy of Kim Hill Real Estate Group (254) 277-1820
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Central Texas MLS data last updated at June 8, 2026, 10:54 PM CT
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