Date
Details
Price
Change
Source
4/08/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,600,000
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Property Description
Discover the perfect blend of peace, productivity, and convenience on this exceptional 65± acre ag exempt ranch just 5 minutes from Leonard, less than 10 minutes to SH 121, and only 30 minutes from McKinney. Tucked away at the dead end of a quiet county road, this ranch offers privacy and breathtaking views, making it ideal for both working livestock operations and peaceful country living. Fully fenced and cross-fenced into six pastures, the land is designed for efficient cattle or horse grazing. Electricity and Public water available to the ranch including to the ranch house, and multiple underground lines and hydrants provide ample water locations for livestock. Fertile backland soils support strong grass growth, and the property includes a large pond, greenbelt area, and gently rolling terrain that enhances both beauty and function. The west and north ends are mostly level, while the southeast portion slopes gently, offering stunning views from the existing ranch house perched on a hilltop. Improvements include a well-maintained storage barn with electricity, horse or cattle turn-out pens, and sturdy working pens complete with a loading chute. Whether you're expanding a livestock operation, looking for a private weekend getaway, or ready to build your dream home, this property delivers. Don't miss this rare opportunity to own a scenic, well-equipped ranch in a prime location.
Full Property Details
Full Property Details for 0000 County Road 5040
General
- Price: $1,600,000
- Taxes: $1,254
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 20897443
- Updated: 9/24/2025
- Added to Site: 339 day(s) ago
Location
- County: Fannin
- Subdivision: T H Stovall A1089
- Driving Directions: Use GPS maps to County Road 5040, Leonard, Texas. Go east on CR 5040 to dead end of road. Property and entrance gate on the left (north side of road). Look for realtor sign on entrance gate.
School Information
- Elem School District: Leonard ISD
- Midd School District: Leonard ISD
- High School District: Leonard ISD
- Elementary School: Leonard
- High School: Leonard
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Electricity Connected, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural, Cattle, Grazing, Livestock, Ranch, Recreational
- Year Built: 1950
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 64.498
- Lot Size (Sq. Ft.): 2,809,532.88
- Lot Size Source: Assessor
- Frontage: County Road, Gravel
- Lot Features: Acreage, Agricultural, Back Yard, Cleared, Hardwood Trees, Lawn, Level, Pasture, Pond on Lot, Sloped, Few Trees, Wooded
- Potential Use: Agricultural, Cattle, Dairy, Development, Grazing, Horses, Hunting, Investment, Orchard, Pasture, Ranch, Residential, Recreational
- Trees/Vegetation: Cleared, Grassed, Partially Wooded
- Zoning: Property outside city limits
- Fencing (Description): Barbed Wire, Pipe
Horse Property
- Horse Facility Desc.: Barn, Stock Pen(s)
Financial Considerations
- Tax Amount: $1,254
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: A1090 J W STOVALL, ACRES 20.
- Disclosures/Rstr.: Flood Plain Disclosure
- Property ID: 84369
Listed by Wakeland Real Estate, Mark Wakeland and Wakeland Real Estate, Lynne Wakeland
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 0000 County Road 5040 —
Mark Wakeland
Wakeland Real Estate
Lynne Wakeland
Wakeland Real Estate
972-740-9472
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 0000 County Road 5040
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0000 County Road 5040, Leonard, TX 75452 (MLS# 20897443) is a Farm property with a lot size of 64.498 acres. 0000 County Road 5040 is currently listed for $1,600,000 and was received on April 08, 2025. Want to learn more about 0000 County Road 5040? Do you have questions about finding other Farm real estate for sale in Leonard? You can browse all Leonard real estate or contact a Coldwell Banker agent to request more information.