1695 W Fm 120 Pottsboro, TX 75076
Estimated payment $77,706/month
Highlights
- Horses Allowed On Property
- Creek On Lot
- 2 Stock Tanks or Ponds
- Waterfront
- 2 Lakes
- Pasture
About This Home
Location:
The Lucky 7 Ranch is comprised of 409+ acres located near Lake Texoma in Pottsboro, TX on FM 120 and Fulton Rd. This ranch has adjoining lakes that are estimated at 25+/- acre plus a 5 acre lake and 2 ponds. With magnificent lake views and proximity to local amenities, this is truly a unique property that would be well suited as a recreational ranch or a future development. This is a growing part of the Texoma area with a highly rated school district.
The Lucky 7 Ranch is approximately 1/2 mile from utilities supporting its development potential in a quickly growing area. The tract has road frontage on two sides with approximately 3,400 feet along FM120 and approximately 3,200 feet along Fulton Rd. The tract is currently within the Pottsboro ETJ. With an updated survey showing 409.94 acres, this could be the next big development in the Texoma area.
This tract is located approximately 10 minutes from the new Preston Harbor Development and Margaritaville (a 3,200 acre development in Denison, TX with resort and accompanying amenities.) Approximately 30 minutes from Choctaw Casino and Resort. The Lucky 7 Ranch is only an hour away from the northern portion of the DFW Metro area.
Terrain:
The tract is well situated on mostly level pasture with a gentle roll and some trees. It is currently operated as recreational weekend ranch with an ongoing cattle operation.
Improvements:
The ranch is fenced and cross fenced into several pasture plus an area for wheat pasture or a separate hay meadow. There are improved grasses throughout. The lakes also provide excellent habitat for all types of waterfowl, great fishing and other wildlife due to the close proximity to Hagerman National Wildlife Area and 90,000 acre Lake Texoma.
The interior roads of the ranch are composed of gravel. The ranch also has an improved lake crossing that was completed recently. The spillway and overflow pipe were also reconstructed in 2021. This large lake is of professional grade and character.
There is also a Lodge overlooking the main lake that has 3 bedrooms and 2 baths with a large family room with a massive fireplace plus another living area. The lodge has wrap around porches that provide scenic views of the lake and gorgeous sunsets. The ranch has a good set of steel corrals and loading area plus a large metal shop.
Surrounding Area:
The ranch is close to local boutiques, shopping, medical facilities and grocery stores. Major shopping centers, dining and hospitals are only minutes away in Sherman and Denison. The ranch has close access to major transportation arteries and minutes away from North Texas Regional Airport. This ranch is in the highly sought after Pottsboro ISD and has a great small town country lifestyle with clean air and water outside of the busy metro areas.
Come out and see the 360 degree views of the country side and enjoy those beautiful sunsets from the porch. Call Butch Fife Realtors at 903-815-1190 for your private viewing at your pleasure.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,847
Lot Details
- Waterfront
- Fishing include bass, catfish
- Property fronts a county road
- Unincorporated Location
- Barbed Wire
- Pipe Fencing
- Lot Has A Rolling Slope
- Few Trees
- Current uses include agriculture, grazing, hunting/fishing
- Potential uses include agriculture, equine, grazing, hunting/fishing, for development
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Creek On Lot
- 2 Lakes
- Wildlife includes whitetail deer, ducks, geese, turkeys, doves, hog
- Shop
Farming
- Hay Barn
- 2 Stock Tanks or Ponds
- Loading Chute
- Holding Pens
- Pasture
- Cattle or Livestock Pen
- Cattle Guard
- Fenced For Cattle
Horse Facilities and Amenities
- Horses Allowed On Property
- Corral
- Water to Barn
- Hay Loft
Utilities
- Overhead Utilities
- 2 Water Wells
- Septic Tank
Additional Features
- Water Views
- Outside City Limits
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,847 | $205,493 | $0 | $0 |
| 2023 | $3,328 | $239,788 | $23,700 | $216,088 |
| 2022 | $2,207 | $140,218 | $9,724 | $130,494 |
| 2021 | $2,145 | $131,912 | $4,271 | $127,641 |
| 2020 | $2,351 | $139,288 | $4,961 | $134,327 |
| 2019 | $1,449 | $81,905 | $5,170 | $76,735 |
| 2018 | $1,447 | $80,781 | $5,233 | $75,548 |
| 2017 | $1,363 | $75,111 | $5,378 | $69,733 |
| 2016 | $1,387 | $76,428 | $5,384 | $71,044 |
| 2015 | $0 | $69,399 | $5,303 | $64,096 |
| 2014 | -- | $67,812 | $5,320 | $62,492 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Price Changed | $14,000,000 | -13.0% | -- |
| 03/11/2025 03/11/25 | For Sale | $16,100,000 | 0.0% | -- |
| 03/19/2024 03/19/24 | For Sale | $16,100,000 | 0.0% | -- |
| 03/01/2024 03/01/24 | Off Market | -- | -- | -- |
| 07/27/2023 07/27/23 | For Sale | $16,100,000 | 0.0% | -- |
| 06/07/2023 06/07/23 | Pending | -- | -- | -- |
| 11/10/2022 11/10/22 | For Sale | $16,100,000 | 0.0% | -- |
| 05/31/2022 05/31/22 | Pending | -- | -- | -- |
| 03/03/2022 03/03/22 | For Sale | $16,100,000 | -- | -- |
- 21+ Ac Geis Dr
- 0000 Reeves Rd
- TBD Fm 120 Hwy W
- TBD Hagerman Rd
- 100 Western Trail
- 105 Shawnee Trail
- 104 Chisolm Trail
- 109 Chisolm Trail
- 000 Loving Trail
- 100 Chisolm Trail
- 129 Chisolm Trail
- 000 Chisolm Trail Chisolm Trail
- 101 Chisolm Trail
- 124 Chisolm Trail
- 1111 Kyker Ln
- 145 Chisolm Trail
- 2447 Cemetery Rd
- 76 Spout Springs Rd
- 133 S Meadowbrook Dr
- 170 N Meadowbrook Dr
- 100 Western Trail
- 483 Spout Springs Rd
- 310 Main St Unit 1
- 305 Bryant St
- 245 Cambridge Dr
- 137 Pearce Dr
- 251 Queens Dr
- 258 Westminister Dr
- 290 Tanglewood Cir Unit 5441/42
- 290 Tanglewood Cir Unit 5447/48
- 290 Tanglewood Cir Unit 5445/46
- 290 Tanglewood Cir Unit 5437/38
- 290 Tanglewood Cir Unit 5435/36
- 290 Tanglewood Cir Unit 5433/34
- 290 Tanglewood Cir Unit 5431/32
- 432 Bentwood Dr
- 440 Bentwood Dr
- 7 Pershing Dr
- 79 Meadow Lake Dr
- 124 Vandenburg Dr Unit A