Prairie Lake Ranch

Status: Available
Price: $2,617,750
Acres: 283 +/-
Price Per Acre: $9,250
Type: Hunting Land, Ranches, Lakefront
Address: 1181 HCR 3220
City, State: Penelope, Texas
County: Hill
ZIP Code: 76676
Lat/Long: 31.86016, -96.926664
Presented By: Steve Baxter
Taxes: $2,226
Dwelling Sq Ft: 1,000
Bedrooms: 2
Bathrooms: 1


Prairie Lake Ranch - 283 Ac +/- Penelope, TX (Hill county)

Dramatic hilltop overlooks rolling cattle pastures and stunning 30 ac lake below. Solid cattle operation is possible utilizing cross fenced pastures for rotational grazing potential. Current family runs a cattle herd of Angus & Brangus that could be purchased to have immediate income potential. The ranch is located just over an hour from Dallas and nestled just outside the quaint Texas town of Penelope.

The crown jewel of Prairie Lake Ranch is the well established 30 Ac +/- lake which provides not only aesthetics, but good fishing and outstanding waterfowl hunting throughout the winter migration. The opportunity to create truly epic waterfowl hunting rests in the fact that the lake is large enough to allow large numbers of ducks and geese to raft up during the day and the far end fingers into shallower waters sought after by feeding puddle ducks like Mallards, Pintails, Wigeons, Gadwalls, and Teal. The surrounding farms feature row crops of corn, milo, and soy beans further encouraging waterfowl activity. Furthermore, with some intentionality and management the fishery on such a well established lake could provide year round fishing for family and friends alike.

Whitetail deer travel nearby Ash Creek and wander across the pastures of the ranch thus creating some additional opportunity for hunting. Multiple ponds provide water for livestock and potential for fishing.


Whether you are lookiong for a cattle ranch with epic waterfowl hunting or a full time ranch residence, the Prairie Lake Ranch will check your wish list! 



Call Steve Baxter @ 972-816-4738 or email @


LOCATION: Penelope, TX  (Hill County)

  • Dallas- 77 miles
  • Fort Worth - 73
  • Waco - 27 miles


CLIMATE: 38" annual rainfall

UTILITIES: Electricity provided by HILCO Electric and water provided by Post Oak Special Utility District

WILDLIFE: Waterfowl, dove, whitetail deer

MINERALS: Surface sale only

VEGETATION: Primarily open pasture with some blocks of hardwoods along wet weather creek

TERRAIN: Approx. 30' of elevation change and mostly gently rolling


SOILS: Ferris clay; Houston Black clay; Ferris-Heiden complex; 

IMPROVEMENTS: Hunter's cabin; barn; cattle pens

CURRENT USE: Cattle ranch

POTENTIAL USE: Residence, homestead, retreat, ranching, grazing, hunting and recreation 

FENCING: Good perimeter fencing and cross fencing

ACCESS: Gravel county road 3220




** Additional 50 Ac can be purchased in tandem with the 283 Ac if you'd like the perfect 333 Ac!!!!**

Contact Steve Baxter @ 972-816-4738  to schedule a private showing

When buying farm & ranch land or investment property the buyers agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of MOPTEX, LLC.



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Steve Baxter


Phone: (972) 816-4738

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