# FM 51, Paradise, TX 76073

> **TL;DR:** land, $3,558,883. Est. $19,034/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,558,883 |
| Lot Size | 11,483,331 sqft (263.62 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $17,996 |
| Estimated Insurance | $1,038 |
| **Total** | **$19,034** |

## Nearby Schools

- **Elementary:** Paradise
- **Middle:** Paradise
- **High:** Paradise

## Property Highlights

- 263.62 acre lot

## Description

### Agent 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 pasture, 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

- **Address:** FM 51, Paradise, TX 76073
- **County:** Wise
- **Coordinates:** 33.108485, -97.657404
- **Google Maps:** https://www.google.com/maps?q=33.108485,-97.657404

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21335307

## Listing Agent

- **Name:** Phillip Dodd
- **Brokerage:** Arrowhead Land Company
- **Phone:** 817-915-2502
- **Broker Phone:** 817-915-2502
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Fm-51_Paradise_TX_76073_M94508-00950?f=listhub&s=NTREIS&m=21335307&c=propsimple)

## Photos

![FM 51 - Photo 1](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1505441735r.jpg)

![FM 51 - Photo 2](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f4056301691r.jpg)

![FM 51 - Photo 3](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1085370087r.jpg)

![FM 51 - Photo 4](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f845675901r.jpg)

![FM 51 - Photo 5](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1283446474r.jpg)

![FM 51 - Photo 6](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2250629880r.jpg)

![FM 51 - Photo 7](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2980304427r.jpg)

![FM 51 - Photo 8](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3975288709r.jpg)

![FM 51 - Photo 9](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f846990146r.jpg)

![FM 51 - Photo 10](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1929694746r.jpg)

![FM 51 - Photo 11](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2863356601r.jpg)

![FM 51 - Photo 12](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3047484942r.jpg)

![FM 51 - Photo 13](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f811066320r.jpg)

![FM 51 - Photo 14](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3566687336r.jpg)

![FM 51 - Photo 15](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3257008352r.jpg)

![FM 51 - Photo 16](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2824378226r.jpg)

![FM 51 - Photo 17](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3997613195r.jpg)

![FM 51 - Photo 18](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f873604920r.jpg)

![FM 51 - Photo 19](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f4062644250r.jpg)

![FM 51 - Photo 20](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1465844117r.jpg)

![FM 51 - Photo 21](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1619888963r.jpg)

![FM 51 - Photo 22](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f735572664r.jpg)

![FM 51 - Photo 23](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3049321275r.jpg)

![FM 51 - Photo 24](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f4154665622r.jpg)

![FM 51 - Photo 25](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2919639866r.jpg)

![FM 51 - Photo 26](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2503302229r.jpg)

![FM 51 - Photo 27](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1204502086r.jpg)

![FM 51 - Photo 28](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1434591144r.jpg)

![FM 51 - Photo 29](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2339125379r.jpg)

![FM 51 - Photo 30](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f107116261r.jpg)

![FM 51 - Photo 31](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3849690645r.jpg)

![FM 51 - Photo 32](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1251173110r.jpg)

![FM 51 - Photo 33](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2035173847r.jpg)

![FM 51 - Photo 34](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f57647430r.jpg)

![FM 51 - Photo 35](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f2076562514r.jpg)

![FM 51 - Photo 36](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f4286357971r.jpg)

![FM 51 - Photo 37](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f3992480742r.jpg)

![FM 51 - Photo 38](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f4019210883r.jpg)

![FM 51 - Photo 39](http://lh.rdcpix.com/7923e2715b3df3d3ccb915b019b2777cl-f1874364275r.jpg)

---

**MLS#:** 21335307 | **Updated:** 2026-09-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/fm-51-paradise-tx-76073-21335307)

---

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