# HWY 148, Petrolia, TX 76377 > **TL;DR:** land, $11,500,724. Est. $61,508/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $11,500,724 | | Lot Size | 135,580,936 sqft (3112.51 acres) | | Property Type | Land (Other) | | Status | Pending | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $58,154 | | Estimated Insurance | $3,354 | | **Total** | **$61,508** | ## Nearby Schools - **Elementary:** Petrolia - **Middle:** Petrolia - **High:** Petrolia ## Property Highlights - 3112.51 acre lot ## Description ### Agent Description The Frey Ranch is a premier North Texas ranching and recreational property encompassing approximately 3,112 acres in northern Clay County. Characterized by vast native rolling grass prairies and scenic hardwood-lined creeks, this exceptional ranch offers an ideal combination of productive cattle operations and outstanding hunting opportunities. Long Creek and its tributaries traverse the property, supporting healthy hardwood corridors that provide excellent habitat for trophy whitetail deer, Rio Grande turkey, wild hogs, and varmints. The ranch's expansive acreage is primarily devoted to a well-managed cattle operation, featuring quality native grasses that have been maintained across the property. The ranch headquarters is conveniently located along Highway 148 between Henrietta and Petrolia. Improvements include a large barn with enclosed space and loafing areas suitable for horses or cattle. Adjacent pipe corrals are fully equipped with a loading alley, dipping vat, working chute, and scales, creating an efficient livestock handling setup. Fencing throughout the ranch is in good to excellent condition, with multiple divided pastures and pipe-gated entrances. Electrical service is available at the headquarters, along with two overhead bulk feeders for livestock. Access is exceptional, with frontage on three sides via Highway 148, Lonestar Road, and Black Road, allowing for convenient entry points throughout the ranch. Surface water is abundant, with nineteen ponds scattered across the property, including a small lake located just across from the headquarters. The terrain is well-drained, with gently rolling topography across most of the ranch, providing both functional grazing and attractive views. The Frey Ranch represents a rare opportunity to acquire a large, contiguous ranch of this caliber in North Texas, offering productive ranching, recreational appeal, and excellent access in a highly desirable location. ## Location - **Address:** HWY 148, Petrolia, TX 76377 - **County:** Clay - **Neighborhood:** AB 374 PARKER CSL BLK 68 - **Coordinates:** 34.010398, -98.229367 - **Google Maps:** https://www.google.com/maps?q=34.010398,-98.229367 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21146395 ## Listing Agent - **Name:** Blaine Covington - **Brokerage:** Rustic Star Real Estate, LLC - **Broker Phone:** (817) 350-4617 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Highway-148_Petrolia_TX_76377_M98318-93880?f=listhub&s=NTREIS&m=21146395&c=propsimple) ## Photos ![HWY 148 - Photo 1](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f856216100r.jpg) ![HWY 148 - Photo 2](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f4193222866r.jpg) ![HWY 148 - Photo 3](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3692612957r.jpg) ![HWY 148 - Photo 4](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2383563677r.jpg) ![HWY 148 - Photo 5](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f347442514r.jpg) ![HWY 148 - Photo 6](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2052477282r.jpg) ![HWY 148 - Photo 7](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3889842669r.jpg) ![HWY 148 - Photo 8](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f720159438r.jpg) ![HWY 148 - Photo 9](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f849214842r.jpg) ![HWY 148 - Photo 10](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f435909452r.jpg) ![HWY 148 - Photo 11](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f272273662r.jpg) ![HWY 148 - Photo 12](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2020599751r.jpg) ![HWY 148 - Photo 13](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2656283873r.jpg) ![HWY 148 - Photo 14](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3214912454r.jpg) ![HWY 148 - Photo 15](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f346481367r.jpg) ![HWY 148 - Photo 16](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f4045704901r.jpg) ![HWY 148 - Photo 17](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f476776839r.jpg) ![HWY 148 - Photo 18](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f1227165779r.jpg) ![HWY 148 - Photo 19](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3567726880r.jpg) ![HWY 148 - Photo 20](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3438394680r.jpg) ![HWY 148 - Photo 21](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f1640151262r.jpg) ![HWY 148 - Photo 22](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f1419353676r.jpg) ![HWY 148 - Photo 23](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f407275233r.jpg) ![HWY 148 - Photo 24](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f184742586r.jpg) ![HWY 148 - Photo 25](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2391535511r.jpg) ![HWY 148 - Photo 26](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3384209033r.jpg) ![HWY 148 - Photo 27](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3062729063r.jpg) ![HWY 148 - Photo 28](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f4196551775r.jpg) ![HWY 148 - Photo 29](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f73518052r.jpg) ![HWY 148 - Photo 30](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2658675340r.jpg) ![HWY 148 - Photo 31](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3385115189r.jpg) ![HWY 148 - Photo 32](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3938745340r.jpg) ![HWY 148 - Photo 33](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f297793220r.jpg) ![HWY 148 - Photo 34](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f209587918r.jpg) ![HWY 148 - Photo 35](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f584574478r.jpg) ![HWY 148 - Photo 36](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f4259633088r.jpg) ![HWY 148 - Photo 37](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2298435921r.jpg) ![HWY 148 - Photo 38](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f3394121489r.jpg) ![HWY 148 - Photo 39](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f1650262603r.jpg) ![HWY 148 - Photo 40](http://lh.rdcpix.com/c1c8f185c018faf1a0ff765c27fbd82fl-f2885576913r.jpg) --- **MLS#:** 21146395 | **Updated:** 2026-10-19 **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/hwy-148-petrolia-tx-76377-4bcefca90cee48e491c40a1955310726) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/hwy-148-petrolia-tx-76377-4bcefca90cee48e491c40a1955310726#listing", "url": "https://www.propertysimple.ai/listing/hwy-148-petrolia-tx-76377-4bcefca90cee48e491c40a1955310726", "name": "HWY 148, Petrolia, TX 76377", "description": "The Frey Ranch is a premier North Texas ranching and recreational property encompassing approximately 3,112 acres in northern Clay County. Characterized by vast native rolling grass prairies and scenic hardwood-lined creeks, this exceptional ranch offers an ideal combination of productive cattle operations and outstanding hunting opportunities. Long Creek and its tributaries traverse the property, supporting healthy hardwood corridors that provide excellent habitat for trophy whitetail deer, Rio Grande turkey, wild hogs, and varmints. The ranch's expansive acreage is primarily devoted to a well-managed cattle operation, featuring quality native grasses that have been maintained across the property. The ranch headquarters is conveniently located along Highway 148 between Henrietta and Petrolia. Improvements include a large barn with enclosed space and loafing areas suitable for horses or cattle. Adjacent pipe corrals are fully equipped with a loading alley, dipping vat, working chute, and scales, creating an efficient livestock handling setup. Fencing throughout the ranch is in good to excellent condition, with multiple divided pastures and pipe-gated entrances. Electrical service is available at the headquarters, along with two overhead bulk feeders for livestock. Access is exceptional, with frontage on three sides via Highway 148, Lonestar Road, and Black Road, allowing for convenient entry points throughout the ranch. Surface water is abundant, with nineteen ponds scattered across the property, including a small lake located just across from the headquarters. The terrain is well-drained, with gently rolling topography across most of the ranch, providing both functional grazing and attractive views. 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