# 2455 FM 116, Gatesville, TX 76528 > **TL;DR:** land, $774,000. > Waterfront. Est. $4,140/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $774,000 | | Lot Size | 3,762,277 sqft (86.37 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,914 | | Estimated Insurance | $226 | | **Total** | **$4,140** | ## Nearby Schools - **Elementary:** Gatesville - **Middle:** Gatesville - **High:** Gatesville ## Key Amenities - Waterfront ## Property Highlights - 86.37 acre lot - Waterfront ## Description ### Agent Description Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37+/- acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200-250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Conveniently located with FM 116 frontage, this Central TX ranch offers productive hay ground, cattle grazing, horse amenities, recreational appeal, and creek frontage. ## Location - **Address:** 2455 FM 116, Gatesville, TX 76528 - **County:** Coryell - **Neighborhood:** J Thompson - **Coordinates:** 31.3899, -97.8127 - **Google Maps:** https://www.google.com/maps?q=31.3899,-97.8127 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21295515 ## Listing Agent - **Name:** Kim Hill - **Brokerage:** Kim Hill Real Estate Group - **Broker Phone:** (254) 277-1820 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2535-FM-116_Gatesville_TX_76528_M95024-25068?f=listhub&s=NTREIS&m=21295515&c=propsimple) ## Photos ![2455 FM 116 - Photo 1](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f86482134r.jpg) ![2455 FM 116 - Photo 2](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1790547857r.jpg) ![2455 FM 116 - Photo 3](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3685604621r.jpg) ![2455 FM 116 - Photo 4](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f856778490r.jpg) ![2455 FM 116 - Photo 5](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1803997408r.jpg) ![2455 FM 116 - Photo 6](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f4073128986r.jpg) ![2455 FM 116 - Photo 7](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2332367465r.jpg) ![2455 FM 116 - Photo 8](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f153168388r.jpg) ![2455 FM 116 - Photo 9](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3026264007r.jpg) ![2455 FM 116 - Photo 10](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1654222747r.jpg) ![2455 FM 116 - Photo 11](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f581257393r.jpg) ![2455 FM 116 - Photo 12](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f922573854r.jpg) ![2455 FM 116 - Photo 13](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f851795801r.jpg) ![2455 FM 116 - Photo 14](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3505141517r.jpg) ![2455 FM 116 - Photo 15](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f60065995r.jpg) ![2455 FM 116 - Photo 16](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2130375795r.jpg) ![2455 FM 116 - Photo 17](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1448076025r.jpg) ![2455 FM 116 - Photo 18](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1210122889r.jpg) ![2455 FM 116 - Photo 19](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3498041582r.jpg) ![2455 FM 116 - Photo 20](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3747192701r.jpg) ![2455 FM 116 - Photo 21](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2582553545r.jpg) ![2455 FM 116 - Photo 22](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f443012579r.jpg) ![2455 FM 116 - Photo 23](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2427963193r.jpg) ![2455 FM 116 - Photo 24](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f4080467106r.jpg) ![2455 FM 116 - Photo 25](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2189062651r.jpg) ![2455 FM 116 - Photo 26](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3746205252r.jpg) ![2455 FM 116 - Photo 27](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2226589232r.jpg) ![2455 FM 116 - Photo 28](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1176538323r.jpg) ![2455 FM 116 - Photo 29](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3053695924r.jpg) ![2455 FM 116 - Photo 30](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2157614362r.jpg) ![2455 FM 116 - Photo 31](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f41692699r.jpg) ![2455 FM 116 - Photo 32](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f994024893r.jpg) ![2455 FM 116 - Photo 33](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f4005769450r.jpg) ![2455 FM 116 - Photo 34](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1741089606r.jpg) ![2455 FM 116 - Photo 35](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f1615940605r.jpg) ![2455 FM 116 - Photo 36](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f2284954447r.jpg) ![2455 FM 116 - Photo 37](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f621594846r.jpg) ![2455 FM 116 - Photo 38](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f3463618426r.jpg) ![2455 FM 116 - Photo 39](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f315920833r.jpg) ![2455 FM 116 - Photo 40](http://lh.rdcpix.com/b78a4a364f46a00b393bfe06dcc5832el-f4010239298r.jpg) --- **MLS#:** 21295515 | **Updated:** 2026-10-23 **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://staging.propertysimple.ai/listing/2455-fm-116-gatesville-tx-76528-9da0e59767cb4dc1a763ab6ec1164896) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/2455-fm-116-gatesville-tx-76528-9da0e59767cb4dc1a763ab6ec1164896#listing", "url": "https://staging.propertysimple.ai/listing/2455-fm-116-gatesville-tx-76528-9da0e59767cb4dc1a763ab6ec1164896", "name": "2455 FM 116, Gatesville, TX 76528", "description": "Discover the perfect blend of productive ranchland, equestrian functionality, and natural beauty on this exceptional 86.37+/- acre property along FM 116 in Gatesville, Texas. Ideally suited for horse enthusiasts, cattle operators, and buyers seeking a versatile recreational ranch, this property offers a rare combination of income-producing acreage, reliable water features, and established agricultural infrastructure. The land is highly productive, with quality soils that consistently produce approximately 200-250 bales of hay annually while also supporting cattle grazing. Cross-fenced pastures provide efficient livestock management, and the property is currently leased for grazing, creating immediate income potential for investors or owner-operators. A standout feature is the property's frontage along Cottonwood Creek, a scenic corridor that typically maintains water flow except during the most severe drought conditions. Towering native vegetation, a grove of wild plum trees, and abundant wildlife, including whitetail deer, turkey, and dove create an attractive setting for recreation, hunting, and nature enjoyment. Two stock ponds further enhance the ranch's agricultural utility and wildlife habitat. Horse owners will appreciate the existing ranch infrastructure, including a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are already extended to the barn areas, providing a strong foundation for equestrian, livestock, or agricultural operations. A small cabin offers additional flexibility as a guest quarters, ranch office, or weekend retreat. Buyers should note that utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. 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