Rare 289 acre ranch/investment opportunity only 15 minutes southeast of Tyler overlooking the NW portion of Lake Tyler. The rolling terrain provides beautiful views of the surrounding area and Lake Tyler and approximately half the property is improved pastures with good grass, water and cross fencing while the other half is heavily treed with good habitat for wildlife. With over a mile of frontage on both sides of Gilley Creek and 6 ponds over varying sizes, the property has good water. The main entrance is at 15424 FM 848/Bashan Road which leads to the main house/office compound which has a total of 2,300 SF. There are three additional houses along FM 848 at either end of the property which are in good repair and currently leased at good rental rates. The property has over a mile of frontage along both FM 848 and CR 2129, with utilities in both roads. Though outside the city limits, the property is in both the Whitehouse and Chapel Hill ISDs. Though the property could be developed now, it could also provide an interim use as a retreat/ranch with income from both livestock/hay and the three rental houses. FM 848 is currently a well maintained asphalt paved road with plans in the near future to be widened to four lanes.
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