TBD Fm 116
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.
View full listing details| Price: | $820,515 |
|---|---|
| Address: | TBD Fm 116 |
| City: | Gatesville |
| State: | Texas |
| Zip Code: | 76528 |
| Subdivision: | J Thompson |
| MLS: | 615900 |
| Acres: | 86.37 |
| Lot Square Feet: | 86.37 acres |
| clip: | 1127890154 |
|---|---|
| view: | Creek/Stream |
| sewer: | Septic Needed |
| spaYN: | no |
| viewYN: | yes |
| fencing: | Barbed Wire, Cross Fenced, Perimeter |
| horseYN: | yes |
| mlsStatus: | Active |
| utilities: | Electricity Available |
| 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. |
| highSchool: | Gatesville |
| permission: | IDX |
| possession: | Closing & Funding, Closing |
| postalCity: | Gatesville |
| topography: | Rolling |
| vegetation: | Partially Wooded |
| disclosures: | Agricultural Exemption |
| possibleUse: | Agricultural, Cattle, Grazing, Hunting, Residential, Recreational |
| spaFeatures: | None |
| waterSource: | Other, See Remarks |
| listingTerms: | Cash, Conventional, Texas Vet, VA Loan |
| poolFeatures: | None |
| waterfrontYN: | yes |
| associationYN: | no |
| waterBodyName: | Creek/Stream |
| countyOrParish: | Coryell |
| horseAmenities: | Loafing Shed |
| humanModifiedYN: | no |
| laundryFeatures: | None |
| otherStructures: | Barn(s), Guest House, Livestock Pen(s), Outbuilding, Other, See Remarks |
| roadSurfaceType: | Paved |
| elementarySchool: | Gatesville |
| exteriorFeatures: | Other, See Remarks |
| interiorFeatures: | None |
| roadFrontageType: | Highway |
| communityFeatures: | None, Hunting |
| leaseConsideredYN: | no |
| propertyCondition: | Resale |
| highSchoolDistrict: | Gatesville ISD |
| middleOrJuniorSchool: | Gatesville |
| elementarySchoolDistrict: | Gatesville ISD |
| propertySubTypeAdditional: | Acreage |
| middleOrJuniorSchoolDistrict: | Gatesville ISD |
© 2026 Central Texas Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Central Texas Multiple Listing Service (CTMLS). Information provided is deemed reliable but not guaranteed. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing courtesy of Kim Hill Real Estate Group. Data last updated: Thursday, June 11th, 2026.
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