338 acres Midland

$5,239,000
Available

Property Details

ID: 88210
Status: Available
Price: $5,239,000
Acres: 338
Price Per Acre: $15,500
Type: Ranches, Business Opportunity, Undeveloped Land
Address: TBD 338ac
Address 2: FM 1379
City, State: Midland, Texas
County: Midland
Zip Code: 79706

Description

338 acres | Midland, TX 

This 338± 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 90±, 200±, or 338± acres, or other acreage, offering flexibility 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 in the area.

Utilities

Electric service is currently in place.

Location

  • Outside Midland City Limits & ETJ

  • 14 miles to Midland

  • 4.9 miles to Greenwood

  • 1.5 miles to TX State Highway 158

Additional Details

Financial

Listing Terms: Cash, Conventional

Showings are done by appointment only with the required 48-hour notice. Listing agent must be present for all showings. No trespassing or unaccompanied showings. Capitol Ranch Real Estate, LLC will work with a buyers agent, however, buyers agent must make first contact and be present for all showings to receive full compenstation at the discretion of Capitol Ranch Real Estate, LLC. Please submit the offer on Farm and Ranch contract with earnest money 1% of asking price. Contact listing agent for seller preferred title company. 

All drawings are neither legally recorded maps nor surveys and are not intended to be used as such. The information contained herein has been obtained from sources deemed reliable, but not guaranteed. All dimensions/boundaries are estminated, and buyer has the right to verify prior to submitting an offer. Any legal and/or property information found on this site and/or third-party sites should be verified before relied upon. Buyers are hereby notified that properties are subject to many forces and impacts, natural and unnatural; including, but not limited to weather-related events, environmental issues, disease (e.g. Oak Wilt, Chronic Wasting Disease, or Anthrax), invasive species, illegal trespassing, previous owner actions, actions by neighbors, and/or government actions. Buyers should investigate any concerns to their satisfaction.

Capitol Ranch Real Estate, LLC does not make any representations, warranties or covenants of any kind or character, whether expressed or implied. The property information, videos and photos herein are copyrighted and may not be duplicated in whole or part. 

Colton Harbert
Colton Harbert
Agent

Ask Colton a Question

Contact An Agent

Ask Colton About This Property

Nearby Properties Around Midland County

New Listing
Midland County, TX
538 acres | Midland, TX The Greenwood Ranch consists of 538± 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 ...
538± Acres
|
$8,070,000
Midland County, TX
200 acres | Midland, TX This 200± 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 High...
200± Acres
|
$3,200,000
Midland County, TX
90 acres | Midland, TX This 90± 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 Highwa...
90± Acres
|
$1,575,000

More Properties from Colton Harbert

Milam County, TX
Remarkable Texas Triangle RanchWelcome to the Hidden Hills Ranch, an extraordinary 426-acre property nestled in an ideal location, just a scenic 30 minutes from College Station, Texas, and a little over an hour from the vibrant cities of Houston and ...
426± Acres
|
$8,900,000
New Listing
Midland County, TX
538 acres | Midland, TX The Greenwood Ranch consists of 538± 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 ...
538± Acres
|
$8,070,000
Blanco County, TX
Nestled amidst the awe-inspiring landscape of the Texas Hill Country, the Rocking V Ranch stands as a true gem that captures the essence of everything we adore about this region. With its expansive oak groves, captivating wildlife, and unparalleled r...
66± Acres
|
$3,425,000