538 acres | Midland, TX
The Greenwood Ranch consists of 538A± acres in northeast Midland County, located just ten miles southwest of Midland and minutes from Greenwood. The property lies outside the city limits with direct access only 1.5 miles from Texas State Highway 158. Its square configuration, level-to-gently rolling terrain, and long-distance views make it a versatile tract with excellent road frontage and visibility.
The ranch is available as a whole or in divided tracts of 90A±, 200A±, or 338A± acres, or flexibility in acreage for prospective buyers. With strong investment potential, the property is well-suited for development, agriculture, or recreational use.
History
Held by the same family for over 100 years, the ranch was once part of the Buchannan Ranch, home to Midland County's first producing oil well in 1944. A Texas Historical Marker along State Highway 158 commemorates this discovery.
Land & Wildlife
The property has not been hunted in years and supports populations of blue quail, deer, coyote, and other native wildlife. It has been carefully maintained and features an established interior road system.
Water
The ranch includes multiple water wells of varying capacity, with Monahans Draw located along the eastern boundary.
Minerals
Surface estate only; no minerals convey. Active oil and gas operations are present on the ranch.
Utilities
Electric service is currently in place.
Additional:
Some reasonable restrictions may be put in place. Multiple parcel ID's make up the ranch.
Location
Outside Midland City Limits & ETJ
10+- miles to Midland
4.9+- miles to Greenwood
1.5+- miles to TX State Highway 158
Lot/land
$8,070,000
538AC Fm 1379, Midland, TX 79706
--beds
0baths
538Acres
Unimproved Land
Built in ----
538 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Square configurationLong-distance viewsEstablished interior road systemLevel-to-gently rolling terrain
- 405 days
- 121
- 5
Zillow last checked:
Listed by:
Colton Harbert,
Capitol Ranch Real Estate, LLC 855-968-1200
Source: REALSTACK,MLS#: 88165
Facts & features
Interior
Property
Lot
- Size: 538 Acres
Details
- Parcel number: R000001134
Community & HOA
Location
- Region: Midland
Financial & listing details
- Date on market: 9/11/2025
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2025 | Listed for sale | $8,070,000 |
Source: | ||
Public tax history
Tax history is unavailable.





