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Status: Active

16602 Tx-19 
Palestine, TX 75803

6% Drop

$1,950,000

$1,825,000

------/mo*
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The 12-acre spring fed lake on the Mayo Ranch is gorgeous, full of large bass, and is the prize of this East Texas gem. Improvements include a 3,291 sf main house that features a separate master suite that is accessed by a covered walkway, a 1,400 sf 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 unique feature of the main house is that it is built around a rail car that serves as the kitchen. 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. A hiking trail through the pine trees near the lake offers the opportunity to experience the tranquility of the ranch. Located just south of Athens, the ranch has approx 1,693 feet of SH 19 frontage. Water is supplied by a local municipality and there are two water meters on the ranch. The ranch is ag-exempt, and 2023 taxes were approximately $7,200.
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Baths
0
House Size
--
Year Built
2001
Lot Size
136.3 ac
School District
Palestine ISD

Location

Market Insights

In the last 30 days, there were 4 new homes for sale in 75803, Palestine, TX with a median list price of $259,450.

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Interior Information

view
Water

Exterior Information

fence
Barbed Wire
Cross Fenced
Perimeter

Property Information

lot
Many Trees
sewer
Septic Tank
subdivision name
None
utilities
Electricity Connected
Natural Gas Available
water source
Public
  • Listed By John Willingham
  • (844) 725-6247
  • Clayton-Waggoner Properties
  • (844) 725-6247
  • MLS 20640608

Monthly Payments Calculator

Estimated Monthly Cost

$11,436

30 year fixed·6.9% interest rate
Principal & Interest
$9,616
Property Taxes
$1,521
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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