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Key Details
Property Type Single Family Home
Sub Type Farm/Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 2,793 sqft
Price per Sqft $1,252
Subdivision Mirabeau B Lamar Surv Abs #704
MLS Listing ID 20937456
Sold Date 07/24/25
Style Ranch
Bedrooms 1
Full Baths 1
HOA Y/N None
Year Built 1995
Annual Tax Amount $9,046
Lot Size 29.410 Acres
Acres 29.41
Property Sub-Type Farm/Ranch
Property Description
Exceptional offer in Grayson County! A meticulously developed, highly profitable north ranch facility with top-tier upgrades completed in past years. This property holds significant commercial value with its desirable location on US Hwy 377 north of Whitesboro. As they consolidate to a single operations location, this investment opportunity guarantees immediate cash flow through an 18-month lease-back with annual rent equal to 10% of the purchase price. The facility features 124 total stalls, six turnout pens-pastures, a lighted pen, Priefert panel walker, a first class covered round pen, dedicated shavings storage building, gated entrance, and more. This ranch has been designed for streamlined, cost effective operations. In 2025, the show barn was fully remodeled including 20 stalls, wash rack, laundry, and tack room. Upgrades in 2024: a covered round pen with premium footing, LED lights, and a viewing area, a remote-controlled 8-horse Priefert Panel Walker and a 20x40' shavings storage building. The 2023 sophisticated 72-stall Horse Barn features a breeding lab, breeding stocks, spacious stalls, concrete alleys, large fans and attached covered storage. 2020 upgrades included: a new Mare Barn-Motel showcasing 16 stalls, a fly spray system and electric fans, and a luxurious Entertainment Lounge and Ranch Office-Apt, boasting modern kitchen amenities, granite countertops, a spacious office, full bath, and an unfinished loft bedroom. The fully remodeled 900 SF main residence features granite countertops, stainless steel appliances, and a custom walk-in shower. This property's layout ensures privacy and functionality. There are multiple spots on the ranch to construct a covered arena, build a home, or create additional pastures and turnout areas. At nearly full occupancy year-round, this facility is an ideal investment opportunity for equestrian businesses and elite horse training operations in Whitesboro, TX. Don't wait - book your showing appointment now.
Location
State TX
County Grayson
Direction Take US Hwy 377 North to Whitesboro, continue north across US Hwy 82 approximately 3.5 miles. Property will be on your right. There is a sign on property. GPS works.
Rooms
Dining Room 0
Interior
Interior Features Built-in Features, Eat-in Kitchen, Granite Counters, Pantry
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air
Flooring Luxury Vinyl Plank
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
Heat Source Central, Electric
Laundry Electric Dryer Hookup, In Kitchen, Full Size W/D Area, Washer Hookup
Exterior
Exterior Feature Covered Patio/Porch, Stable/Barn
Fence Cross Fenced, Fenced, Gate, Perimeter, Pipe, Wire
Utilities Available Aerobic Septic, All Weather Road, Asphalt, Co-op Electric, Electricity Available, Electricity Connected, Individual Water Meter, Outside City Limits, Phone Available, Septic, Sewer Not Available, Underground Utilities, No City Services
Roof Type Metal
Street Surface Asphalt
Garage No
Building
Lot Description Acreage, Agricultural, Cleared, Few Trees, Interior Lot, Level, Pasture, Tank/ Pond
Story One
Foundation Slab
Level or Stories One
Structure Type Metal Siding
Schools
Elementary Schools Whitesboro
Middle Schools Whitesboro
High Schools Whitesboro
School District Whitesboro Isd
Others
Restrictions Deed,No Mobile Home
Ownership 20910 US 377 LLC
Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank, Texas Vet, USDA Loan
Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank, Texas Vet, USDA Loan
Financing Conventional
Special Listing Condition Aerial Photo, Agent Related to Owner, Deed Restrictions, Survey Available, Utility Easement, Verify Flood Insurance, Verify Rollback Tax, Verify Tax Exemptions
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Bought with Lynda Weaver • Lake & Country Realty, LLC
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Therese Johnson
Broker Associate | License ID: 0634934
Broker Associate License ID: 0634934