Shoop Ranch West

$16,700,000

Property Details

  • County: Denton
  • Zip: 76078
  • Type: Recreational Property, Residential Property, Undeveloped Land
  • City: New Fairview
  • Price: $16,700,000
  • Acres: 1,807
  • State/Zip: Texas 76078
  • Status: Available

TALB Member:

Charles Davidson | Agent/Salesperson

Davidson Charles
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Property Description

The Shoop Ranch is a remarkable property with live water and a lot of character just north of Fort Worth. It is a large predevelopment opportunity with a prime location in the heart of one of the nations fastest growing economies over the next five years. The Shoop Ranch is north of the Alliance Airport and between Decatur and Denton. Whether it is an immediate development play or a strategic hold for the near future is up to the land investor.

Location: The Shoop Ranch is north of the Alliance Airport and north of State Highway 114, between Decatur and Denton. It is within the New Fairview ETJ. The land is accessed primarily from FM 407 between New Fairview and Justin, and it also has access from county roads on the north and east sides. The property is approximately 15 miles from Deactur, 20 miles from Denton, 30 miles from Fort Worth, and 45 miles from Dallas. There are several nearby residential developments well underway that include Harvest, Highlands, and Avery.

Water: The ranch has over 1.5 miles of both sides of Oliver Creek, which is a stunning clear water creek that runs all year long. It has limestone bottoms and is covered with fossils and long stretches of fishable water with bass, perch, and carp. There are about 12 stock tanks scattered throughout the ranch for livestock, and the largest is about 1.5 acres in size.

The ranch is being offered with approximately 50 acre-feet per year of adjudicated, deeded water rights out of Oliver Creek, which is part of the Upper Trinity River Segment of the Trinity River basin. This permit authorizes the landowner to divert, impound, and irrigate at 1,000 gpm from of an existing 5 acre reservoir.

There are 2 water wells that produce from the Trinity Aquifer: a 6.25 domestic well in Denton County that was drilled in 1977 to 400, and a 7 domestic well in Wise County that was drilled in 1997 to 500. These yield approximately 15 gpm.

Topography: The Shoop Ranch has primarily gentle rolling terrain, with most of it in pasture, and some cultivation. There are wooded areas along the Oliver Creek basin and also on the edges of about 3 or 4 wet weather tributaries. Bisected by Oliver Creek in the northen part, the ranch has over 150 of topographical change, with elevations ranging from 720 to 870.

Wildlife: The Shoop Ranch has abundant wildlife with plenty of whitetailed-deer, varmints, and an occasional Rio Grande turkey. Dove hunting is also good around the cultivated areas.

Soils: The soils on the ranch consist of primarily the somervell-aledo complex, aledo, and sanger clays. See soil map for details.

Minerals: There is gas production, and a good caliche road base system throughout the property. Minerals are not available with this sale.

Taxes: The ranch land is taxed with an agricultural 1-D-1 valuation, and total annual property taxes are approximately $ per year. (Wise County and Denton County)

Miscellaneous:

The ranch is located within two school districts, the Decatur Independent School District on the west side and also the Northwest Independent School District on the south and east sides.

This property is 100% contiguous, and is not divided by any streets or roads, as may appear on some online maps.

The owners have expressed an interest in retaining the farmhouse and surrounding 10 acres if it is not essential to the acquisition.

SHOWN BY APPOINTMENT ONLY.


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New Fairview Texas 76078

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