Rare opportunity to acquire a 96± acre working equestrian ranch with the added value of owned mineral rights conveying (to be verified). Built for function and versatility, this property is ideal for trainers, ranchers, investors, or those seeking a multi-use agricultural operation.
The ranch is equipped with a professional horse training track and starting gate, a 30-stall barn with office, corral, round pen, horse walker, grain bin and additional working pens—supporting a full-scale training program. Sandy loam soil provides excellent footing and year-round usability.
The land is cross-fenced with a balanced mix of open pasture, wooded areas, and natural cover, well-suited for grazing, rotation, or wildlife. With four ponds and a seasonal creek, water is abundant across the property. A secondary open barn accommodates sheep or small livestock, and portions of the acreage are ideal for hay production.
Two residences offer flexibility for living or income: a 2-bedroom-1-bath primary home and a separate 1-bedroom-1-bath residence for staff, guests, or rental use.
With 858 feet of road frontage, the property provides strong access and future development potential. The rear boundary adjoins an inactive railroad line, adding privacy and a touch of historic character.
Frequent whitetail deer make this property equally appealing for recreation or hunting.
Conveniently located just minutes from Lake Texoma and approximately one hour from the Dallas-Fort Worth Metroplex, this is a rare chance to own a versatile North Texas ranch with multiple income streams and long-term upside.
*Mineral rights to be verified by buyer; seller will convey all owned mineral rights.
Lot/land
Price cut: $250K (7/2)
$2,100,000
2550 E Fm 120, Denison, TX 75021
--beds
--baths
96.27Acres
Improved Land
Built in 1945
96.27 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 64 days |
- 58 |
- 1 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle McCullough 0673911 903-786-6063,
HBL, Realtors 903-786-6063,
Carmen Dutton 0797614 903-816-5672,
HBL, Realtors
Source: NTREIS,MLS#: 21259317
Facts & features
Interior
Heating
- Propane, Wall Furnace
Cooling
- Window Unit(s)
Video & virtual tour
Property
Features
- Fencing: Barbed Wire,Cross Fenced
Lot
- Size: 96.27 Acres
- Features: Acreage, Agricultural, Pond on Lot, Many Trees
- Residential vegetation: Brush, Grassed, Wooded
Details
- Additional structures: Outbuilding, Residence, Barn(s), Stable(s)
- Parcel number: 112508
- Zoning description: res/ag
- Horses can be raised: Yes
- Horse amenities: Barn, Round Pen, Stock Pen(s)
Utilities & green energy
- Sewer: Septic Tank
- Water: Rural
- Utilities for property: Electricity Connected, Propane, Septic Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: G-0079 Blagg Thomas A-G0079
HOA
- Has HOA: No
Location
- Region: Denison
Financial & listing details
- Tax assessed value: $1,552,836
- Annual tax amount: $3,245
- Date on market: 5/5/2026
- Cumulative days on market: 65 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,116/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $2,100,000-10.6% |
Source: NTREIS #21259317 Report a problem | ||
| 5/5/2026 | Listed for sale | $2,350,000-2.1% |
Source: NTREIS #21259317 Report a problem | ||
| 3/28/2026 | Listing removed | $2,400,000 |
Source: NTREIS #20847060 Report a problem | ||
| 2/18/2025 | Listed for sale | $2,400,000 |
Source: NTREIS #20847060 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,245 +4.6% | $1,552,836 +2.1% |
| 2024 | $3,102 -3.7% | $1,520,566 +7.5% |
| 2023 | $3,221 +5.1% | $1,414,657 +68.6% |
| 2022 | $3,065 +10.4% | $839,092 +34.3% |
| 2021 | $2,776 | $624,564 -0.4% |
| 2020 | -- | $627,151 +1.5% |
| 2019 | $2,938 +31% | $617,805 +444.2% |
| 2018 | $2,243 -23.2% | $113,523 +8.7% |
| 2017 | $2,921 | $104,479 +3.7% |
| 2016 | $2,921 -9.5% | $100,777 -24.9% |
| 2015 | $3,226 | $134,106 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75021
Nearby schools
GreatSchools rating
- 6/10Lamar Elementary SchoolGrades: PK-4Distance: 3.2 mi
- 5/10Henry Scott MiddleGrades: 7-8Distance: 4.3 mi
- 5/10Denison High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Mayes
- Middle: Henry Scott
- High: Denison
- District: Denison ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Grayson County
- Denison
- 75021
- 2550 E Fm 120



