The Smartest Point in Real Estate|Bryan · College Station · Houston · DFW · All of Texas
REO.properties|(979) 229-7254
Home/Texas homes/11874 Fm 157
LANDMLS 21398527VIRTUAL TOUR

$4,900,000

11874 Fm 157 · Maypearl, TX, 76064

Lot
135.87 acres
Year built
2012
Type
Ranch

About this home

A rare 135-acre opportunity in Ellis County offering generational living, income potential, and prime development upside. Keefer Ranch blends open pasture, mature trees, and multiple water features—all just minutes from Maypearl and within 45 minutes of Dallas–Fort Worth. Recent property improvements have already expanded usability, including active land cleanup and mesquite removal that’s opening up even more pasture and buildable acreage. This multi-use ranch includes three separate residences—1,680 sqft (2012), 3,140 sqft (1997), and 1,500 sqft (2015)—each with covered porches, private views, and flexible use for multi-family living, ranch staff, short-term rentals, or long-term income. Ranch features include a 72×40 barn with 6 stalls, tack room, and wash rack, plus an 8,000+ sqft workshop with electricity and water—ideal for equipment, storage, or commercial operations. The land offers three ponds (two stocked), cross-fencing for livestock, an on-site water well, and 1,100 ft of FM 157 frontage. The rear pond spans over an acre and reaches depths of 25+ feet. Mountain Peak SUD provides water service. With quick access to I-35, I-20, and DFW Airport, Keefer Ranch delivers true rural privacy without sacrificing convenience. Whether you’re seeking a working ranch, a multi-residential retreat, a long-term investment, or a prime development site, this property offers unmatched versatility and future potential—strengthened by ongoing improvements and newly opened acreage.

Details

RanchBuilt 2012135.87 acres lotJ A GaonaActiveMLS 21398527
AI

Ask the House

Ask anything about this home — I answer from its MLS record and the FEMA flood map. Anything not on file, I hand to Sherry.

Answers come from this listing's MLS data and public flood maps — not a guess. For anything not on file, Sherry confirms it for you. AI answers should always be double-checked before you rely on them.

What would this cost to own?

Adjust the assumptions to estimate your monthly cost and equity over time. Estimates only — verify rates with a lender.

20% · $980,000
% APR
Estimated monthly
—/mo
Calculating…
Equity in 10 yrs
—
Calculating…

Estimates only — not a lending offer or financial advice.

More of Sherry's listings

Listing courtesy of NextHome Property Advisors. Listing data provided by the participating MLS via Trestle (CoreLogic). Information deemed reliable but not guaranteed.