10400 Lipan Highway is listed for sale at $ 4,987,920. This is a Country Homes/Acreage property. The lot size is 311.74 Acres. BRDiscover an exceptional opportunity to own approximately 311.74 acres of highly improved ranchland in Hood County, just outside Lipan, Texas. With road frontage on both Rocky Branch Highway and FM 4, this property offers convenient access, substantial improvements, and the infrastructure needed for a productive cattle operation. The ranch is fenced and cross-fenced, creating multiple pastures for rotational grazing and livestock management. Water is a standout feature, with five water wells and multiple stock tanks located throughout the property. Open grazing areas, mature trees, rolling terrain, and scenic views provide a beautiful setting with plenty of usable acreage. Improvements include a spacious party pavilion, ideal for gatherings, events, or recreational use. A church structure is also under construction on the property but remains unfinished, offering potential for completion or repurposing by the next owner. Whether you are looking to expand an existing cattle operation, establish a private ranch retreat, or invest in a large Hood County landholding, this property offers a strong combination of location, water, infrastructure, and versatility.