Pending

$1,509,176

1231 County Road 131, Ledbetter, TX 78946

3beds

1,624sqft

$11,236/mo

Get pre-qualified

Farm

Built in 1970

152.45 Acres Lot

$1,394,400 Zestimate^®

$929/sqft

$-- HOA

What's special

Expansive views throughoutWelcoming retreatImproved pasture near ledbetterAbundant wildlifeMature oaks

A rare opportunity to own one of Lee County's most captivating ranches—152.447 unrestricted acres of rolling terrain, mature oaks, and improved pasture near Ledbetter. Four ponds grace the property, the largest spanning approximately 4 acres and serving as the scenic centerpiece of the landscape. The comfortable 3-bedroom, 1.5-bath home offers a welcoming retreat, while a restored vintage caboose adds distinctive character as a guest quarters, office, or entertaining space. Designed for recreation and production alike, the ranch is well suited for cattle, horses, hunting, and fishing, with abundant wildlife and expansive views throughout. A thoughtful balance of open pasture and scattered hardwoods creates an ideal setting for a working ranch, weekend escape, or legacy holding. Private, versatile, and rich with timeless Texas character, this is land to enjoy today and steward for generations to come.

65 days
213
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Bedroom

Level: First
Area: 144
Dimensions: 12x12

Bedroom

Level: First
Area: 144
Dimensions: 12x12

Bedroom

Level: First
Area: 189
Dimensions: 21X9

Other

Level: First
Area: 40
Dimensions: 8x5

Other

Level: First
Area: 108
Dimensions: 12x9

Kitchen

Level: First
Area: 276
Dimensions: 23x12

Living room

Level: First
Area: 506
Dimensions: 22x23

Utility room

Level: First
Area: 36
Dimensions: 9x4

Heating

Electric

Cooling

Ceiling Fan(s), Electric

Appliances

Included: Dryer, Refrigerator, Washer, Electric Oven, Electric Range
Laundry: Electric Dryer Hookup

Features

High Ceilings, All Bedrooms Down
Flooring: Vinyl
Windows: Insulated/Low-E windows
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,624
Total interior livable area: 1,624 sqft

Property

Parking

Parking features: Driveway Gate, Additional Parking, Boat, Double-Wide Driveway, RV Access/Parking

Features

Stories: 1
Fencing: Cross Fenced,Fenced
Has view: Yes
View description: Lake, Water
Has water view: Yes
Water view: Lake,Water
Waterfront features: Lake, Lake Front, Pond

Lot

Size: 152.45 Acres
Features: Pasture, Cleared, Waterfront, 50 or more Acres
Topography: Rolling

Details

Additional parcels included: 14658
Parcel number: 17546

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Farm

Materials

Wood
Foundation: Block & Beam

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: Septic Tank
Water: Well

Green energy

Energy efficient items: Thermostat

Community & HOA

Community

Subdivision: A011 Hatfield

Location

Region: Ledbetter

Financial & listing details

Price per square foot: $929/sqft
Tax assessed value: $1,652,270
Annual tax amount: $964
Date on market: 8/6/2026
Listing terms: Cash,Conventional
Road surface type: Asphalt

Estimated market value

$1,394,400

$1.32M - $1.46M

$2,064/mo

Price history

Date	Event	Price
9/23/2026	Pending sale	$1,509,176$929/sqft
Source: HAR #86914762 Report a problem
8/5/2026	Listed for sale	$1,509,176$929/sqft
Source: REALSTACK #86914762 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$964 -7.5%	$1,652,270 -0.1%
2024	$1,042 -0.1%	$1,653,850 +56%
2023	$1,043 -13.3%	$1,060,130 +3.6%
2022	$1,203 +2.5%	$1,023,210 +1.2%
2021	$1,173 +11.5%	$1,010,720 +0.5%
2020	$1,052 -26%	$1,005,820 +12%
2019	$1,422 +1.5%	$897,800 +4.3%
2018	$1,402	$860,470
2017	--	--
2016	--	--
2015	--	--
2014	--	--