Location
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 Details
Price:
$820,515
MLS #:
21295515
Status:
Active
Baths:
0
Type:
Land
Subtype:
Ranch
Subdivision:
J Thompson
Listed Date:
Jun 9, 2026
Lot Size:
3,762,277 sqft / 86.37 acres (approx)
Schools
School District:
Gatesville ISD
Elementary School:
Gatesville
High School:
Gatesville
Interior
Exterior
Fencing
Barbed Wire, Cross Fenced, Perimeter
Lot Size Area
86.3700
Number Of Tanks And Ponds
2
Waterfront Features
Creek
Financial

See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
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Similar Listings Nearby
Community
- AddressTBD Fm 116 Gatesville TX
- SubdivisionJ Thompson
- CityGatesville
- CountyCoryell
- Zip Code76528
Subdivisions in Gatesville
- 5155
- A Arocha
- A Blunt
- Airport Annex
- ALFORD RANCH ESTATES
- Alford Ranch Estates Unrecorded
- B E Bee
- B Eilers
- B Grandville
- Buckner
- Cedar Mountain Est
- CEDAR MOUNTAIN ESTATES
- Cedar Ridge
- Country Club Estates
- Creek Cliff Estate
- Crestview
- D Clark
- D Pinkerton
- G Cassilas
- G W Carlisle
- G W Kersey
- G W Robinson
- Gatesville
- Geo Bachman
- H L Marshall
- H REED
- H Smith
- Ht & Brr Co
- Indian Hills
- J Burns
- J Clift
- J Thompson
- J Timmons
- J Winn
- JA Auten
- Jones Subd
- L J Latham
- Lakewood Greens Part 2
- N Robertson
- New
- Northern Annex
- Original Town Gatesville
- Richardsons Mountain
- River Place West # 5
- S Evetts
- Southeast Annex
- Stoneridge
- Stoneridge Estates Final
- T F DORSEY
- T W Marshall
- Westview
Market Summary
Current real estate data for Land in Gatesville as of Jul 10, 2026
24
Land Listed
211
Avg DOM
$1,017,463
Avg List Price
Property Summary
- Located in the J Thompson subdivision, TBD Fm 116 Gatesville TX is a Land for sale in Gatesville, TX, 76528. It is listed for $820,515 and features 86 acres. To schedule a showing of MLS#21295515 at TBD Fm 116 in Gatesville, TX, contact your Aaron Layman Properties agent at 940-209-2100.

TBD Fm 116
Gatesville, TX




