About This Home

This land at FM 51 in Paradise, TX is listed for $3,558,883 (263.62 acres).

Key Features

  • 263.62 acre lot
Listing Description

The Lewis Ranch is a rare legacy property, offered for sale for the first time in over 100 years, and the kind of property that's becoming harder and harder to find in Wise County. Its proximity to the FM 51 and Highway 114 interchange gives it strong long-term development potential in addition to its ranching and homesite appeal.

Walnut Creek SUD has a water line near property which adds tremendous opportunity for development. Whether your plans include running cattle, building a home in the country, raising horses, or simply owning a piece of land the family can enjoy for generations, this ranch is set up to do it all.

Seven ponds are scattered across the ranch, while Salt Creek winds through the property, providing dependable water for livestock and wildlife alike, and mature oak trees are spread throughout the landscape, offering shade for cattle during the summer months and beautiful cover for native wildlife.

The ranch is well suited for a productive cattle operation with quality fencing and plenty of water, and in addition to the grazing ground, approximately 50 acres of productive tillable acreage provide opportunities for farming or hay production. If building is in your future, you'll have several outstanding homesites to choose from, with rolling p

asture, scattered oaks, and views of the ponds creating a beautiful setting for a custom home, plus plenty of room for a shop, barn, horse facilities, or even a roping arena, allowing you to build a place that fits your lifestyle. Accessing the ranch is easy thanks to approximately 1,742 feet of paved road frontage on FM 51.

The Lewis Ranch is located in one of North Texas' most desirable areas, offering the space and privacy of country living without giving up the convenience of nearby towns, sitting approximately 10 miles from Decatur and Bridgeport and about 30 miles from the DFW Metroplex, making it an easy drive to shopping, dining, employment, while still enjoying life in the country.

Location

FM 51

Paradise, TX 76073

Questions & Answers

This 0-bedroom, 0-bathroom land at FM 51 is listed at $3,558,883. The estimated monthly payment is $19,034 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 263.62 acre lot.

This property is listed by Phillip Dodd and can be reached at 817-915-2502.

PD

Phillip Dodd

Agent at Arrowhead Land Company

(817) 915-2502

Listed by Arrowhead Land Company · Broker phone: 817-915-2502 · View on Broker Site

MLS# 21335307· Source: North Texas Real Estate Information Systems, Inc.· 5 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

FM 51, Paradise, TX 76073

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