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Lot 133 River Canyon Ranch
About This Property
This is Hill Country adjacent Texas at its best rolling land, mature oaks, pasture, big sky, and wildlife moving through at dusk. The ranch is designed for people who want land without giving up convenience. Electricity is available at the road. High-speed internet is reported available in the community. Community roads are maintained, and the gated entrance keeps the pace quiet.
Owners enjoy community access to the Brazos River, including a river launch and dock ideal for kayaks, fishing, and long evenings on the water. A riverfront community park area adds extra room to gather without crowding your own acreage. Agricultural exemption is maintained through the neighborhood cattle grazing association, which helps keep carrying costs down while the land stays in a working-ranch setting.
There is a Grazing Association fee of $912 annually.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2026 | No longer available | - | |
| No longer available | |||
| Aug 31, 2026 | Listed by Trinity Country Real Estate | $315,000 | |
| Listed by Trinity Country Real Estate | |||
| Aug 22, 2026 | No longer available | - | |
| No longer available | |||
| May 21, 2026 | Price Decreased |
$269,000
↓ $20K
(6.9%) | |
| Price Decreased | |||
| Feb 1, 2026 | Listed by Crazy Mineral Wells Realty | $289,000 | |
| Listed by Crazy Mineral Wells Realty | |||
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Located in the newer Premier community of Brazos Mountain Ranch. Stunning 6 acre River Front property with views of the surrounding hills. 1 acre is reserved for personal use (house, etc.). There is a well. Electricity is available through United Cooperative Services which provides a generous credit toward bringing electricity to your new home. Septic will be needed. There is a 1 acre community lot with pavilions, fire pit, river access for family and guests to enjoy water activities and or fishing with current fishing license. The community hosts events and activities year round. This is truly a community that enjoys and helps each other as neighbors should. Build your dream home with all the conveniences of Mineral Wells night life close by, but country living steps away. Quiet nights and stars above await you and your family.
Key Features:
• Gated Community: Brazos Mountain Ranch is a gated community, providing a sense of security and exclusivity.
• Scenic Views: Residents can enjoy pasture, trees, hills
• AG Exemption: Low property taxes are available through the AG Exemption status via the Cattle Grazing Association.
• Community Lot: A 5-acre community lot offers access to the Brazos River.
• Location: The community is situated in Mineral Wells, Texas, providing a blend of rural living and access to local amenities.
• Recreational Opportunities: The area offers various recreational activities like hiking, spas, mineral baths, and wellness centers, thanks to the city's history as a health resort.
Brazos Mountain Ranch is a Gated Community. Build your own cabin, barndominium, or simply enjoy your land as you see fit. Minutes away from Possum Kingdom Lake. Palo Pinto County's New State Park featuring a visitors center, playscape, pavilion, equestrian, camping, fishing and more. Membership in a cattle grazing association is mandatory to insure that the very important AG-Exemption remains for all which saves thousands in property taxes.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017