Cowboy Capitial Ranch

Historic 1,150± Acre Legacy Ranch | Stephenville, Texas Located just 7 miles from the world-famous Cowboy Capital of Texas, this remarkable 1,150± acre ranch offers a rare combination of productive cattle country, exceptional hunting, abundant water, and long-term investment potential. At the heart of the ranch, Richardson Creek winds through the property and has been dammed to create a scenic several-acre lake, providing excellent fishing opportunities, waterfowl habitat, and a stunning focal point for the ranch. The property’s diverse landscape features rolling topography, expansive native and improved pastures, sandy soils ideal for horses, massive hardwood bottoms, towering live oak motts, cedar-covered breaks, and breathtaking views across the surrounding countryside. Designed with livestock operations in mind, the ranch includes two sets of cattle working pens, two water wells, a 40’ x 25’ shop, and an extensive network of ranch roads and trails providing easy access throughout the property. The excellent grazing pastures make this an outstanding cattle operation while the sandy soils and varied terrain create an ideal environment for equestrian pursuits. Wildlife is abundant across the ranch, with exceptional populations of whitetail deer, feral hogs, waterfowl, and other native game species. The combination of hardwood creek bottoms, thick cover, open pastures, and reliable water sources creates outstanding year-round hunting and recreational opportunities. Steeped in history, this remarkable ranch includes the former Tarleton State University research ranch and observatory, offering a rare historical significance seldom found in today’s ranch market. The property’s unique heritage adds to its character and appeal, creating an opportunity to own a piece of Erath County history while investing in its future. One of the ranch’s most attractive features is its incredible versatility. With very few major structural improvements currently in place, the property presents endless opportunities for a new owner to create a premier recreational retreat, working cattle ranch, equestrian operation, hunting destination, conservation property, or long-term investment holding. Multiple locations throughout the ranch offer ideal building sites with commanding views, and the terrain provides numerous opportunities for the construction of additional lakes, ponds, and water features. Access is exceptional, with the main ranch entrance located on County Road 182. The property also benefits from a granted and deeded 70-foot-wide easement directly from Highway 67 near the Stephenville Rodeo Grounds, providing convenient secondary access, future development flexibility, and long-term value while maintaining the privacy and seclusion expected of a premier ranch property. Whether you’re seeking a productive livestock operation, a premier recreational ranch, or a legacy investment property in one of Texas’ most desirable ranching regions, this highly diverse 1,150± acre ranch offers unlimited potential and a truly unique opportunity in Erath County.