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$3,950,000 -$250,000 (-5.95%) Price Reduced

  • For Sale
  • Active
  • Farm
  • 446 Acres
  • Updated 3 days ago
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Equestrian and cattle ranchers dream! This beautiful North East TX ranch consists of 446 acres of lush native grasses perfect for running cattle and or hay production. Covered cattle working pens and 7 pastures are cross fenced for rotational grazing. It is currently running 120 head of cows. There is a large 30 x 40 shop with a 20' overhang for equipment storage. Nine ponds provide ample water along with water fowl hunting and bass fishing. Plenty of deer and hogs on the property as well. The heart of the ranch features a premier horse training or boarding facility. A 100 x 225' fully lighted covered arena allows for riding day or night, rain or shine. Connected to the arena is a covered 30 x 225 covered barn complete with 9 pipe pens and automatic water. There are also four 1-acre turnout pastures, two 2-acre turnouts and all have covered sheds and auto water. The ranch boasts three houses. The first is the homestead ranch house that is approximately 1700 sq ft, 3 bed, 1 bath with a beautiful yard and mature pecan trees. The second is a 2019, 1400 sq ft 3bed, 2bath farm style manufactured home. And the third is a newly built 1200 sq ft 2bed, 1 bath barndominium style home. Plenty of room for a family business or rent the houses for added income. This property is a must see and truly one of a kind! Conveniently located 20 minutes south of Paris and 80 miles north of Dallas

Full Property Details for 4798 E Fm 198

General

  • Price: $3,950,000
  • Status: Active
  • Type: Farm
  • Source: NTREIS
  • MLS ID: 20947482
  • Updated: 2/21/2026
  • Added to Site: 273 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): Insert

Exterior

  • Exterior Features: Deck, Fire Pit, Lighting, Rain Gutters, RV Hookup, Storage, Uncovered Courtyard
  • Porch/Patio/Deck: Covered, Deck

Parking

  • Parking Features: Boat, RV Access/Parking

Location

  • County: Delta
  • Subdivision: NONE
  • Driving Directions: 4802 Fm 198, Lake Creek, 75450

School Information

  • Elem School District: Cooper ISD
  • Midd School District: Cooper ISD
  • High School District: Cooper ISD
  • Elementary School: Cooper
  • High School: Cooper

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Central, Electric, Fireplace(s)

Utilities

  • Sewer: Aerobic Septic
  • Utility Description: Electricity Available, Propane, Municipal Utilities, Septic Available, Water Available

Structural Information

  • Architectural Style: Barndominium
  • Detached/Attached: Detached
  • Current Bldg. Use: Agricultural, Cattle, Commercial, Horses, Hunting, Livestock, Manufactured Home, Multi-Family, Pasture, Ranch, Residential, Recreational, Single Family, Timber

Additional Structures

  • Other Structures: Arena, Covered Arena, Corral(s), Guest House, Outbuilding, Second Residence, Residence, Shed(s), See Remarks, Storage, Workshop, Barn(s), Stable(s)

Lot Features

  • Lot Size (Acres): 446
  • Lot Size (Sq. Ft.): 19,427,760
  • Frontage: Farm to Market Road, All Weather Road, Asphalt
  • Lot Features: Acreage, Agricultural, Subdivided
  • Development Status: Other
  • Potential Use: Agricultural, Cattle, Grazing, Horses, Hunting, Livestock, Manufactured Home, Multi-Family, Pasture, Ranch, Recreational
  • Zoning: NOT ZONED
  • Fencing (Description): Barbed Wire, Cross Fenced, Gate, Pipe

Horse Property

  • Horse Property: Yes
  • Horse Facility Desc.: Barn, Hay Storage, Indoor Arena, Tack Room, Wash Rack, Arena

Financial Considerations

  • Terms: Cash, Conventional, Item1031Exchange

Disclosures and Reports

  • Documents Avail.: Aerial
  • Disclosures/Rstr.: Municipal Utility District Disclosure
  • Property ID: 2972

Listed by Stewart Realty & Associates, Sabrina Kreutzer

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Listing agent

— 4798 E Fm 198 —

  • Sabrina Kreutzer

    Stewart Realty & Associates

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4798 E Fm 198

School District:Cooper Independent School District
NameGradesDistance
Cooper Elementary School, Cooper, TX
1401 Southwest 8th Street, Cooper, TX 75432
PK-510.5 mi
Cooper J High School
823 Fm 1528, Cooper, TX 75432
6-810.9 mi
Cooper High School
823 Fm 1528, Cooper, TX 75432
9-1210.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4798 E Fm 198 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/21/2026
Price Reduced
$3,950,000
-5.95%
MLS
5/27/2025
Listed
$4,200,000
—
MLS
Get Price Alerts and Save Property
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 for 4798 E Fm 198

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10
-29%
$610
7%
2021
$14
—
$570
-10%
2021
$14
—
$630
100%
2021
$14
56%
-100%
2019
$9
29%
$420
31%
2018
$7
—
$320
10%
2017
$7
—
$290
—
2016
$7
17%
$290
12%
2015
$6
-14%
$260
-10%
2013
$7
—
$290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Stewart Realty & Associates, Sabrina Kreutzer

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4798 E Fm 198, Lake Creek, TX 75450 (MLS# 20947482) is a Farm property with a lot size of 446 acres. 4798 E Fm 198 is currently listed for $3,950,000 and was received on May 27, 2025. Want to learn more about 4798 E Fm 198? Do you have questions about finding other Farm real estate for sale in Lake Creek? You can browse all Lake Creek real estate or contact a Coldwell Banker agent to request more information.

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