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$3,200,000

2185 FM 184, Gatesville, TX, 76528

$4,160,000 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,313 Sq Ft
price_per_sqft$2,437.17 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesBuilt In Oven, Cooktop, Dryer, Electric Cooktop, Electric Water Heater, Refrigerator, Washer
FlooringWood

Exterior

Exterior FeaturesLighting
Lot Size37.90 acres

Building Information

Year Built1994

Land Information

APN0-57-37-1000
Land UseResidential
Legal Description0913 JAMES W SMITH, ACRES 37.9
Census Tract010101
Assessed Land Value$6,640
Assessed Improvement Value$230,680
Assessment Year2025

About this property

Private hunting retreat on 215+- acres located at 2185 FM 184 in Coryell County, ideally positioned between Gatesville and Temple with convenient travel distance to Lake Belton. Designed for both recreation and ranching, this diverse property offers native grasses, cultivated areas, and an abundance of mature hardwoods including pecan, post oak, elm, and live oak. Nearly 100 feet of elevation change provides scenic views and creates exceptional wildlife habitat throughout the ranch. Two stock tanks and a spring-fed seasonal creek offer dependable water sources for both wildlife and livestock. Hunters will appreciate the outstanding habitat supporting healthy populations of whitetail deer, Rio Grande turkey, dove, feral hogs, coyotes, foxes, and seasonal waterfowl. Thick cover, hardwood bottoms, native grasses, and varied terrain combine to create excellent year-round hunting opportunities. The ranch features an electric gated entrance, secondary gated access, improved fencing and cross fencing, and concrete low-water crossings. Extensive cedar clearing and vegetation management have enhanced both wildlife habitat and usability. A 3,200 square-foot insulated shop, built in 2017, includes a full bathroom, covered lean-to, and ample space for equipment, ATVs, tractors, and hunting gear. Residential improvements include an updated 1,313 square-foot three-bedroom, two-bath home built in 1994. Moffat Water Supply services the property, and two septic systems are already in place. Currently under agricultural exemption and supporting an active cattle operation, this ranch offers the perfect blend of hunting, recreation, ranching, and country living. Whether you're seeking a weekend getaway, family hunting retreat, gentleman's ranch, or long-term investment, this well-improved Central Texas property delivers privacy, abundant wildlife, and the lifestyle that makes Texas ranch ownership so special.

Investor Tools

$0Estimated Mortgage Balance
$237,320Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$4,160,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,200 /month
Positive
Cash Flow Estimate:
$6,400 /month

Interested in this property?

James Banks

Shipley Ranches

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,063
$237,320
2025
$6,640
$230,680
$380,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,063
$237,320

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$237,320
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gatesville

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2185 FM 184 | Property Details | No Agent List