16602 Texas 19, Palestine, TX 75803 - Anderson County

NEW. . price reduced $350k from original list price! If you are looking to buy land near Athens in East Texas, you do not want to miss seeing the Mayo Ranch! The 12-acre spring fed lake is gorgeous, full of large bass, and is the prize of this East Texas gem. Improvements include a main house that features a separate master suite that is accessed by a covered walkway, a log cabin that could be huge bonus feature with a little work, an additional very functional cabin, and an approximate 3,250 sf barn with horse stalls. A hiking trail through the pine trees near the lake offers the opportunity to experience the beauty and tranquility of the ranch. Located just south of Athens, the ranch has approximately 1,693 feet of frontage on Highway 19. Water is supplied by a local municipality and there are two water meters on the ranch.

Improvements

Main House - The main house consists of approximately 3,281 sf and boasts fantastic views of the lake. A unique feature of the house is that it is built around a rail car that serves as the kitchen. The master suite in the house looks out over the lake and is accessed by a covered breezeway.

Log Cabin - Located near the main entrance to the ranch, the log cabin could be another jewel associated with the Mayo Ranch. It is approximately 1,400 +- sf and needs some work, but if fixed up, would be an ideal place to house overflow guests or kids.

Small Cabin - This cabin has been rented in the past and enjoys its own entrance off Highway 19. The cabin also includes a covered carport.

Barn - The barn is approximately 3,250 sf and features multiple horse stalls and plenty of room to store your motorized toys and implements.

Boat Dock - The boat dock is accessed via a walkway and is located on the water near the main house.

Boat House - The two-slip boat house is located on the other side of the lake from the main house.

Water

The crown jewel of the ranch is the 12-acre lake that is picturesquely nestled between many beautiful pine trees and the main house. World-class fishing opportunities await the buyer as the lake is stocked with up to 10+ pound bass, a boat house and a covered boat dock. The lake is spring fed and therefore remains at an approximate constant level.

There is also a pond on the ranch that when full, is approximately 1 acre.

Minerals

The current owner does not own any of the minerals. There are two producing wells on the ranch, each located in a different location.

Taxes

The ranch is ag-exempt, and 2023 taxes were approximately $7,200.

Location

The Mayo Ranch is conveniently located off Highway 19, near Bradford, TX. The ranch is 16 miles south of Athens and 19 miles north of Palestine. Drive time from Dallas is less than 1.5 hours.