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$820,515 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for Tbd Fm 116
General
- Price: $820,515
- Status: Active
- Type: Farms/Ranches
- Source: Central_Texas_MLS
- MLS ID: 615900
- Updated: 6/8/2026
- Added to Site: 7 day(s) ago
Interior
- Interior Features: None
Exterior
- Exterior Features: Other, See Remarks
Location
- County: Coryell
- Subdivision: J Thompson
- Driving 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.
School Information
- Elem School District: Gatesville ISD
- Midd School District: Gatesville ISD
- High School District: Gatesville ISD
- Elementary School: Gatesville
- Middle School: Gatesville
- High School: Gatesville
Utilities
- Sewer: Septic Needed
- Water: Other, See Remarks
- Utility Description: Electricity Available
Structural Information
- Property Condition: Resale
Additional Structures
- Other Structures: Barn(s), Guest House, Livestock Pen(s), Outbuilding, Other, See Remarks
Lot Features
- Property View: Creek/Stream
- Lot Size (Acres): 86.37
- Frontage: Highway, Paved
- Topography: Rolling
- Trees/Vegetation: Partially Wooded
- Fencing (Description): Barbed Wire, Cross Fenced, Perimeter
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Loafing Shed
Water Features
- Water Front: Yes
- Water Front Name: Creek/Stream
Financial Considerations
- Terms: Cash, Conventional, Texas Vet, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial, Disclosure(s), Lease, Soil Test, Topographical Survey
- Legal Description: 1009 J THOMPSON, ACRES 86.37
- Disclosures/Rstr.: Agricultural Exemption
- Property ID: 108822
Listed by Kim Hill Real Estate Group
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Price & Sales History for Tbd Fm 116
Date
Details
Price
Change
Source
6/08/2026
Listed
$820,515
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Tbd Fm 116
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11
10%
$810
—
2023
$10
-9%
$810
5%
2022
$11
-8%
$770
—
2021
$12
-8%
$770
—
2020
$13
—
$770
—
2019
$13
8%
$770
7%
2017
$12
—
$720
—
2016
$12
—
$720
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Tbd Fm 116
Tbd Fm 116, Gatesville, TX 76528 (MLS# 615900) is a Farms/Ranches property with 0 bedrooms and 0 full bathrooms. Tbd Fm 116 is currently listed for $820,515 and was received on June 08, 2026. Want to learn more about Tbd Fm 116? Do you have questions about finding other Farms/Ranches real estate for sale in Gatesville? You can browse all Gatesville real estate or contact a Coldwell Banker agent to request more information.

