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$3,558,883 Just Listed
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Property Description
The Lewis Ranch is a rare legacy property, offered for sale for the first time in over 100 years, and the kind of property that's becoming harder and harder to find in Wise County. Its proximity to the FM 51 and Highway 114 interchange gives it strong long-term development potential in addition to its ranching and homesite appeal. Whether your plans include running cattle, building a home in the country, raising horses, or simply owning a piece of land the family can enjoy for generations, this ranch is set up to do it all. Seven ponds are scattered across the ranch, while Salt Creek winds through the property, providing dependable water for livestock and wildlife alike, and mature oak trees are spread throughout the landscape, offering shade for cattle during the summer months and beautiful cover for native wildlife. The ranch is well suited for a productive cattle operation with quality fencing and plenty of water, and in addition to the grazing ground, approximately 50 acres of productive tillable acreage provide opportunities for farming or hay production. If building is in your future, you'll have several outstanding homesites to choose from, with rolling pasture, scattered oaks, and views of the ponds creating a beautiful setting for a custom home, plus plenty of room for a shop, barn, horse facilities, or even a roping arena, allowing you to build a place that fits your lifestyle. Accessing the ranch is easy thanks to approximately 1,742 feet of paved road frontage on FM 51. The Lewis Ranch is located in one of North Texas' most desirable areas, offering the space and privacy of country living without giving up the convenience of nearby towns, sitting approximately 10 miles from Decatur and Bridgeport and about 30 miles from the DFW Metroplex, making it an easy drive to shopping, dining, employment, and everyday necessities while still enjoying life in the country.
Full Property Details
Full Property Details for Tbd Fm 51
General
- Price: $3,558,883
- Taxes: $228
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21335307
- Updated: 7/22/2026
- Added to Site: 2 day(s) ago
Location
- County: Wise
- Subdivision: none
- Driving Directions: Use 7206 FM 51, Boyd, TX 76023 in GPS. Gate to subject property is just to NORTH. Address is neighbors tract
School Information
- Elem School District: Paradise ISD
- Midd School District: Paradise ISD
- High School District: Paradise ISD
- Elementary School: Paradise
- Middle School: Paradise
- High School: Paradise
Utilities
- Utility Description: Electricity Available
Structural Information
- Detached/Attached: Detached
Lot Features
- Lot Size (Acres): 263.621
- Lot Size (Sq. Ft.): 11,483,330.76
- Lot Features: Acreage, Agricultural, Many Trees, Wooded
- Zoning: AG
Financial Considerations
- Tax Amount: $228
Disclosures and Reports
- Legal Description: BLK 77-78 95-96 99 263.6210 ACRES
- Property ID: 752218
- Block: 77
Listed by Arrowhead Land Company, Phillip Dodd
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Price & Sales History for Tbd Fm 51
Date
Details
Price
Change
Source
7/22/2026
Listed
$3,558,883
—
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 51
Year
Property Taxes
Change
Tax Assessment
Change
2025
$353
-17%
$28,770
-41%
2021
$423
—
$48,662
83%
2021
$423
2%
$26,597
3%
2020
$413
-27%
$25,893
-27%
2019
$565
4%
$35,470
11%
2018
$545
2%
$32,080
7%
2016
$532
5%
$29,990
—
2015
$505
22%
$29,990
22%
2014
$414
1%
$24,580
—
2013
$408
—
$24,580
—
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 51
Tbd Fm 51, Paradise, TX 76073 (MLS# 21335307) is a Farm property with a lot size of 263.621 acres. Tbd Fm 51 is currently listed for $3,558,883 and was received on July 22, 2026. Want to learn more about Tbd Fm 51? Do you have questions about finding other Farm real estate for sale in Paradise? You can browse all Paradise real estate or contact a Coldwell Banker agent to request more information.

