680 County Road 549
About This Property
The ranch is turn-key, ready to use. Improvements include a nice 1,911 sqft 3bed 2bath home which was originally built in 1953, and completely re-built around 2005. This home is clean, comfortable, modern-ranch and currently serves as the owner's full time residence. The property has two water wells, one in use that services the home, and a new septic system installed in 2021. The ranch is fully fenced for cattle, has minimal cross fencing, and a set of pipe working pens at headquarters.
This would make an exceptionally high-fence hunting ranch, with minimal water gaps and a square shape.
Surface water is abundant on Blanket Creek Ranch, with five ponds, and over 700' of Blanket Creek. The tributary creek running through the SE corner of the ranch has a potential location for a much larger lake, which are rare in the region and add to the recreational enjoyment and investment value of the ranch.
Located on CR 549 and Blanket Creek, between Zephyr and Mullin in northern Mills County, this ranch is easily accessible from every major metro area in Texas. Whether you're looking to build your dream ranch, expand a ranching operation, or enjoy a weekend getaway for hunting and recreation, this unrestricted 218-acre ranch is ready for you.
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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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Keller Williams Brazos West | $1,700,000 | |
| Listed by Keller Williams Brazos West | |||
| Aug 15, 2025 | Listed by Keller Williams Brazos West | $1,700,000 | |
| Listed by Keller Williams Brazos West | |||
| | |||
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Blanket Creek Ranch has habitat diversity, sound management, and good water which are hard to find qualities in a ranch today. Blanket Creek Ranch checks these boxes in a size and budget that is hard to find today. This multi-dimensional property is ideal for the recreational user, retiree or land investor. The ranch balances the perfect mix of open pasture and native oak and savannah, ideal for both livestock and wildlife management. Additionally, the current owner has been diligent about managing the cedar, mesquite and ongoing brush management.
The ranch is turn-key, ready to use. Improvements include a nice 1,911 sqft 3bed 2bath home which was originally built in 1953, and completely re-built around 2005. This home is clean, comfortable, modern-ranch and currently serves as the owner's full time residence. The property has two water wells, one in use that services the home, and a new septic system installed in 2021. The ranch is fully fenced for cattle, has minimal cross fencing, and a set of pipe working pens at headquarters.
This would make an exceptionally high-fence hunting ranch, with minimal water gaps and a square shape.
Surface water is abundant on Blanket Creek Ranch, with five ponds, and over 700' of Blanket Creek. The tributary creek running through the SE corner of the ranch has a potential location for a much larger lake, which are rare in the region and add to the recreational enjoyment and investment value of the ranch.
Located on CR 549 and Blanket Creek, between Zephyr and Mullin in northern Mills County, this ranch is easily accessible from every major metro area in Texas. Whether you’re looking to build your dream ranch, expand a ranching operation, or enjoy a weekend getaway for hunting and recreation, this unrestricted 218-acre ranch is ready for you.
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| Sep 18, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017