Greenwood Ranch

$8,070,000
New Listing

Property Details

ID: 88165
Status: New Listing
Price: $8,070,000
Acres: 538
Price Per Acre: $15,000
Address: TBD 538ac
Address 2: FM 1379
City, State: Midland, Texas
County: Midland
Zip Code: 79706

Description

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 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 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

Additional Details

Financial

Listing Terms: Cash, Conventional

Showing Instructions: Contact listing agent Colton Harbert for private appointment 806-335-5867.

Capitol Ranch Real Estate is happy to co-broker, however, the buyer's agent must make first contact and be present for all showings to receive full compensation at the discretion of Capitol Ranch Real Estate.

While Capitol Ranch Real Estate, LLC and agents have used reasonable efforts in collecting and preparing the materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside resources, Capitol Ranch Real Estate, LLC makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here. Any legal or other information found on this page or other sites to which we link should be verified before it is relied upon.

Real Estate buyers are hereby notified that properties in the State of Texas 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 government actions. Prospective buyers should investigate any concerns to their satisfaction.

Colton Harbert
Colton Harbert
Agent

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