For Sale

K6 Ranch

$19,800,000 Mineral Wells, TX 586± Deeded Acres

Sections

Overview

Executive Summary

The K6 Ranch is an immensely improved 586± acre estate bearing multiple residences constructed with best-in-class materials and sparing no expense in the development of the ranch. Crowned with a newly constructed timber frame and stone main dwelling overlooking a manicured landscape and the hills of Palo Pinto County. A resort-style infinity pool, outdoor kitchen, living area, guest quarters, additional housing, indoor gym and pickleball court, equestrian facilities, lighted roping arena, coastal hay production, and other recreational improvements complement the main improvements. The five water wells, twelve earthen ponds, and co-op water provide access to necessary water for current or expanded operations. The property is ideally located a short five-minute drive north of Mineral Wells, lying just west of Weatherford and the Dallas-Fort Worth metro area. Generally described, the property comprises brush-covered significant elevation, separated by seasonal creeks and lush sandy bottoms that are manicured and productive coastal hay fields. The artistry and craftsmanship that exudes from the improvements are equally mirrored in the stewardship of the land. The extent of improvements to a property like this is a multi-year commitment and requires a high level of skill and profession to bring to completion. Properties that embody the class, character, luxury, and comprehensiveness that the K6 Ranch maintains are seldom available within the market.

Just the Facts

  • 586± deeded acres
  • Additional 283± acres are available for purchase bordering this property
  • 7,200± square foot main house
  • Approximately 3,500 feet of concrete from the entrance to the main house
  • 12 ponds
  • Five operable freshwater wells with depths ranging between 150 to 700 feet
  • Co-op water meter
  • Deer blinds and feeders (negotiable with the sale of the property)
  • Approximately 100 acres of native pasture
  • Approximately 126 acres of improved Bermuda hay fields
  • Between 400 to 500 round bales of coastal Bermuda are cut and baled annually
  • Paved road access off Bennet Road less than a mile from US Highway 281
  • Seller believes to own no mineral rights relating to this property
  • The seller owns the operating interest for the on-site oil and gas production. The seller is partnered with a third-party operator to maintain the wells and the owned operating interest is negotiable with the sale of the property.
  • The tree cover is primarily post oak, live oak, blackjack, cedar, and mesquite

General Description

Heading north from Mineral Wells, Texas, the ranch lies behind a gated entrance at the end of Bennett Road. Entering the ranch at the end of the road, one neighbor is south of the entrance gate. With no traffic or other neighbors, it is private and undisturbed. A concrete driveway winding through a coastal bottom with manicured trees and pipe fencing leads your attention to the top of a ridge. A home that deserves observation and appreciation is the focal point situated to overlook the groomed coastal bottoms and horse improvements with 360-degree views. The stewardship of the remainder of the property is equally apparent. The ranch is accessed by multiple trails and improved roads that can be driven in almost any type of vehicle. The property's elevation reveals the quality of views overlooking the property and Palo Pinto County. Approximately 50 percent is wooded, and 50 percent is native or improved pasture. Mature oaks, mesquite, and a variety of underbrush blanket the property. The rocky hilltops and lush coastal Bermuda hay fields give character to the land and provide income for the property. The quality of improvements, privacy, views, location, and inevitable equity in development potential offer a remarkable opportunity for ownership.

Broker's Comments

To build a property like the K6 Ranch with the improvements and the time commitment to land stewardship at the level the sellers have committed here is hard to assign a level of value to. Buying a property that is improved at this level with virtually new improvements is buying equity in the time it takes to build out a property like this. In most instances, it must be built from scratch. Building out structures of this magnitude is a multi-year commitment, and in the ranch market, when that feat is completed, they typically don’t become available until years later. That alone makes the K6 Ranch a difficult property to find a truly comparable property. The rapidly growing market west of Dallas-Fort Worth continues to grow year after year. This ranch is in the highly desired one hour or less from the metroplex and DFW Airport but maintains a feeling of seclusion and privacy. The K6 has the majority of the most important checklist items: location, elevation, water, quality improvements, hunting, and ag production. 

Locale

Locale

Palo Pinto County and Mineral Wells, more specifically, is a region in central-west Texas just west of the Dallas-Fort Worth metroplex. Mineral Wells, being the largest city in Palo Pinto County, has made it a “micro-plex” between Dallas-Fort Worth and Abilene. Home to several manufacturing and service companies, The Baker Hotel, Fort Walters, where helicopter pilots trained for Vietnam, the infamous “Crazy Water” and Crazy Water Hotel. Mineral Wells has earned the title of a historic town and a gateway to west Texas. Mineral Wells has a mixture of big box chain stores but is primarily made up of local businesses that bring a nostalgic feeling to the town. Local hardware, grocery, feed stores, retail shops, and a hospital provide all the modern necessities with a step back in time. The area northwest of town around Possum Kingdom Lake comprises some large acreage ranches, Texas’ newest state park, and multiple public boat ramps. Some rural and residential developments encompass most of the population around Mineral Wells, and the remainder of the county is larger acreage ranch property. The oil and gas industry and agriculturally based endeavors are the leading industries in the area and provide a large majority of the employment along with other commercial industries, retail, and recreational tourism surrounding Possum Kingdom Lake. The population of Mineral Wells, Texas, is 8,730 (2020 census), and the Palo Pinto County population is 28,410 (2020 census).

Climate

Temperatures:

The hottest season lasts three to four months, from May 28 to September 14, with an average daily high temperature above 89°F. The hottest month of the year in Mineral Wells is July, with an average high of 96°F and a low of 75°F. The cool season lasts two to three months, from November 24 to February 21, with an average daily high temperature below 65°F. The coldest month of the year in Mineral Wells is January, with an average low of 36°F and a high of 59°F.

Precipitations:

The average annual rainfall is 31.5 inches, with an average of 72 days of precipitation. The rare snow days account for an average accumulation of just over one inch of snow.

Elevation:

The ranch's lowest elevation is 980 feet, and its highest point is 1,135 feet. Within the property's boundaries, the elevation varies over 150 feet, giving it a dramatic rolling topography and a diversity of soil composition.

Property Details

Acreage (Deeded & Leased)

Deeded Acres: 586±
Total Leased Acres:
Total Acres: 586±

Improvements

The main house is approximately 7,200 square feet, with four bedrooms, eight bathrooms, two living rooms, and a workout facility. The home was built in conjunction with the seller's oversight by Mike Barnett, S&B Construction in Weatherford, Texas. The guest quarters are attached by a covered breezeway, with approximately 2,500 square feet of living space containing one bedroom and two bathrooms. A Resort-style 40,000-gallon infinity edge pool with water and fire features sits adjacent to the main house and guest house. An outdoor kitchen, fireplace, living room, and dining area complement the pool and main house. To the north of the main home, sitting on an opposing ridge but hidden from sight near the entrance of the ranch, is the secondary home. Continuing the modern rustic design of the main house, the secondary home is a 2,300-square-foot three-bedroom, two-bathroom custom home with a two-car garage. A 100’X100’ ten-stall horse barn on a concrete slab sits next to a 300’X180’ lighted roping arena in a valley below the main house. The barn has a wash bay, concrete divider walls between the stalls, a tack room, a 400 square-foot efficiency apartment that is suitable for a hired hand, automatic waterers, and two “Big Ass Fan” brand barn fans. The 80’X100’ hay and equipment barn with a 20-foot overhang is within walking distance of the barn. Between the hay and horse barn is a 150-foot round pen with sorting pens, outdoor stalls, and loafing sheds. The other major improvement in the immediate vicinity is a four-bay insulated shop with enough room for an indoor pickleball court, full bathrooms with shower, septic system, AC, and heat. Another small guest cabin/container home sits near the workshop and barns, and it has one bedroom and one bathroom.

Water Resources

The property has 12 ponds stocked with fish and five domestic water wells ranging from 150 to 700 feet in depth.

Taxes

Property taxes are estimated at $20,000 based upon past years.

Recreational Amenities

Wildlife Resources

Whitetail deer, Rio Grande turkey, migratory ducks, varmints, and dove are the main species known as native to the property and area. The ponds provide fishing and water for wildlife and livestock. There are ten timed corn feeders, three fiberglass tower blinds, and four tree stands. The deer blinds and feeders on the property are negotiable with the sale of the property.

General Operations

General Operations

The ranch has historically been used for grazing cattle, hay production, hunting, horse training, and recreation.

Leases and Permits

Three existing oil and gas wells exist, but only two are currently producing. The seller owns the operating interest. He operates the wells with Hilltop Petroleum, which provides the labor for pumping the wells in a profit-sharing agreement. 

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Brett Grier
Real Estate Partner
Weatherford, TX
Client Stories | North Texas

Not only did we feel we had the best in the industry by our side, but we also made a friend for life.

This is a letter to inform you that, as of today, my husband and I are proud owners of Texas property and feel it wouldn’t have been possible had it not been for Brett Grier’s perseverance and dedication in getting it done. From the start of our introduction to Brett’s big...

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Brett Grier
Real Estate Partner
Weatherford, TX