Sotheby's International Realty - Whitehouse, TX

Property Description: The 289-acre Gilley Creek Ranch is located between Tyler and Whitehouse in Smith County, an area of Texas that has experienced continued growth throughout the past 20 years while maintaining that small-town East Texas ambiance. With its proximity to Dallas and Tyler, this property offers a rare opportunity for multiple investment strategies. Currently the property is used as a recreational retreat/ranch with income from both livestock, hay production, and the rental houses. With good access to the property from the well-maintained FM 848, the ranch could eventually be developed into ranchettes or small residential subdivisions as there are plans to widen the road to four lanes in the near future. Location: The property is 15 minutes southeast of Tyler off Highway 110, and 100 miles south of Dallas in Smith County. The property is physically located at 14958 FM 848/Bascom Road on the west side of the highway overlooking the northwest portion of Lake Tyler. Land: The property is irregular is shape with access along the western boundary of FM 848. The property also has access along in the southwestern corner of the ranch along County Road 2129 and in the northern portion along County Road 282. Approximately half the property is improved pastures with an excellent variety of grasses, water and cross fencing while the other half is heavily treed with good habitat for wildlife. Water: The property has good water with over a mile of frontage on both sides of Gilley Creek which runs northwest to southeast through the ranch and into Lake Tyler. There are also 6 stock ponds of varying sizes spread across the ranch. The county has an annual rainfall of 45 inches per year. Only 25% of the ranch is considered to be in the flood plain area or prone to flooding. Terrain/Topography: The ranch is located in the East Texas – Piney Woods region, according to the Texas A & M Real Estate Center land classification, with a gentle rolling terrain ranging from approximately 490’ above sea level in the northwest portion of the ranch to 375’ above sea level in the southeast portion of the ranch. There are many beautiful views of the surrounding area, Gilley Creek Park and Lake Tyler. Improvements: The main entrance to the ranch is at 15424 FM 848/Bascom Road which leads to the main house/office compound which has a total of 2,300 SF. There are three additional houses along FM 848 at either end of the property which are in good condition and currently leased at market rental rates. The property has over a mile of frontage along both FM 848 and CR 2129, with utilities in both roads. Though outside the city limits, the property is in both the Whitehouse and Chapel Hill ISDs. Recreation/Hunting: The ranch has open pastures, heavy cover, and good surface water with the Gilley Creek and 6 stock ponds, which attract typical native Texas wildlife to the ranch. Agricultural exemptions are in place for this ranch. Minerals: Consult broker for more information. This ranch is being offered For Sale and is Exclusively Listed by Harlan Ray & David Burgher of Briggs Freeman Sotheby’s International Realty. Buyer’s brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at sole discretion of the Listing Broker. Prospects may be required to provide proof of funds prior to scheduling a showing.