11500 Bowden Rd, Lipan, TX 76462

135-Acre Ranch with Multiple Water Meters, Existing Home + Another Utility Ready Homesite & Rare Runway Geometry – Lipan, TX Property offers a rare combination of existing water infrastructure, multiple homesite options, privacy, and versatile land geometry, making it well-suited for agricultural use, private estate living, aviation-oriented buyers, or future development. The property includes three total water meters, providing exceptional flexibility: One existing 3-bedroom, 2-bath brick home, with barn and pens and currently occupied, served by its own water meter. A second homesite with it’s own address and entrance and an existing water meter, electricity, and septic already in place, along with livestock barn and pens — ready for immediate development or RV hookup. A third additional water meter available for future development or expanded use This infrastructure allows a buyer to live in the existing home while building, place an RV immediately, or develop multiple homesites The land features rolling coastal fields, improved pastures, mature oak trees scattered throughout, and wooded areas supporting abundant wildlife. Three ponds enhance livestock use, wildlife habitat, and overall scenery. The property is fully fenced and cross-fenced and includes livestock barns and pens suitable for cattle, horses, or other agricultural operations. The long L-shaped configuration creates the potential for a private aircraft runway—a rare feature not commonly found on properties of this size and location. The ranch backs up to a large, contiguous acreage ranch, providing exceptional privacy, open views, wildlife movement, and hunting potential. Surrounded by other large ranches and offering a combination of existing utilities, usable land, privacy, and development flexibility, this property supports a wide range of uses including a working ranch, private retreat, multi-generational homestead, aviation-oriented estate, or long-term land investment.