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4802 E FM 198

Lake Creek, TX 75450
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446 Lot Acres
Country Homes/Acreage

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Description

This beautiful North East TX ranch offers more than just a picturesque setting and peaceful country living, it also presents tremendous income producing potential! Spanning 446 acres of lush native grasses, the ranch currently operates as a well established 120 head cow calf operation. The property features covered cattle working facilities and 6 cross fenced pastures designed for rotational grazing and efficient pasture management. The acreage also offers excellent hay production potential. Additional improvements include a 30 x 40 shop with a 20 overhang for equipment storage. Nine ponds provide ample water throughout the property, along with water fowl hunting and bass fishing. Abundant deer and other wildlife make this property equally appealing for hunting and recreation. At the heart of the ranch is a premier equestrian facility featuring a 100 x 225 ft fully lighted covered arena, allowing riding and training day or night, rain or shine. This state of the art facility offers exceptional income potential through horse training, boarding, lessons and other equestrian ventures. Connected to the arena is a covered 30 x 225 loafing shed with 9 pipe pens and automatic water. Additional equestrian amenities include four 1 acre turnout pastures, two acre turnouts all equipped with sheds and auto water. The ranch also offers three residences, providing plenty of room for family, employees or additional rental income. The Homestead Ranch House: Approximately 1700 sq ft, 3 bed, 1 bath with a beautiful yard and mature pecan trees. The Farmhouse Style Manufactured Home: A 2019, 1400 sq ft 3bed, 2bath . The Barndominium: A newly built 1200 sq ft 2bed, 1 bath. With three residences, an established cattle operation, a premier equestrian facility and abundant recreational opportunities, this one of a kind property offers it all! Conveniently located 20 minutes south of Paris and 80 miles north of Dallas

MLS#
NTREIS-21425049
List Price
$3,400,000
Listing Status
For Sale
Address
4802 E FM 198
City
Lake Creek
State
TX
Zip Code
75450
County
Delta County
Subdivision
NONE
Property Type
Country Homes/Acreage
Lot Size
446.00 Lot Acres/Appraisal District
LP / Acre
$7,623 / Acre
Road Frontage
FM

Exterior

Lot Description
Acreage, Agricultural
Fencing
Barbed Wire,Cross Fenced,Gate,Pipe
Easements
Other
Utility
Aerobic Septic,All Weather Road,Co-op Electric,MUD Water,Propane
Road Surface
FM Road
Exterior
Covered Deck, Fire Pit, Rain Gutters, Lighting, RV Hookup, RV/Boat Parking, Stable/Barn, Storage, Uncovered Courtyard

Interior

Cooling
Central Air, Electric
Heating
Central, Electric, Fireplace Insert

Extra details you may need to know

Ranch Type
Arena,Barn(s),Electric to Barn,Equestrian Center,Equipment Barn,Hay Barn,Holding Pens,Indoor Arena,Loaf Shed(s),Tack Room,Wash Rack,Water to Barn

Lot Information

Lot Size
446.00 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Oct 31, 2026 at 09:18 AM
Listing last updated Oct 31, 2026 at 10:07 AM
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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