1480 Harmon RD
About This Property
Nearly one mile of frontage along Harmon Road provides excellent access. Bee House Creek winds through the ranch for approximately 1,200± feet, with ownership on both sides, creating an inviting place for fishing, relaxing, or cooling off on a summer day.
Approximately 200 feet of elevation change produces dramatic topography and expansive views. The land features a beautiful combination of open areas and native tree cover, including mature live oak, pecan, elm, and cedar. Water resources include a Multi-County Water Supply tap and two water wells.
Improvements include an upgraded 2021 double-wide home offering approximately 2,160 square feet and a composite deck overlooking the surrounding countryside. A 30' x 50' insulated barn provides excellent space for equipment, storage, ranch operations, or recreational use.
Wildlife enthusiasts will appreciate the ranch's outstanding collection of exotics, including oryx, axis, Transcaspian urial rams, blackbuck, and addax. The high fencing, diverse habitat, reliable water, and substantial acreage create an exceptional environment for wildlife management and recreation.
Arrowheads discovered on the property add a fascinating connection to Texas history. With its size, water, elevation, mature trees, improvements, and extraordinary wildlife, Mercy Waters Ranch presents a rare opportunity to own a premier Central Texas ranch.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 11, 2026 | Listed by Texas Ranch Brokers LLC | $7,500,000 | |
| Listed by Texas Ranch Brokers LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017