Skip main navigation
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
    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
    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

      Bedrooms & bathrooms
      • Bathrooms: 0
      Features
      • Has basement: No
      Video & virtual tour

      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

        DateEventPrice
        8/20/2025Listed for sale$8,070,000
        Source: HAR #3044109 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Original Town

        Getting around

        54 / 100
        Somewhat Walkable

        Nearby schools

        GreatSchools rating

        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.

        Browse local experts