This 88-acre ranch with a new house, equestrian facilities and great views of the surrounding area is the perfect place to enjoy the tranquility of living in the country and have easy access to all of the employment centers of the North Dallas area. It can be developed in the near future for both residential and commercial uses.
This property is located in the town of Savoy (current population 850+/- people), which was established around 1863 by Colonel William Savoy, a pioneer settler and landowner who had arrived in the area in the late 1850s. When the Texas and Pacific Railway extended its tracks through the community in the 1870’s Savoy became an agricultural shipping center for area farmers, who produced cotton, corn, grain and numerous other products.
The property is located just south of US 82 on the northern outskirts of the town of Savoy, eighteen miles east of Sherman, sixteen miles west of Bonham, and 70 miles north of Dallas. In the heart of Fannin County, this area is well known for its Blackland soils and native grasslands.
The majority of the land is open and rolling with improved and native grasses that are ideal for equestrian or livestock use. A forest of hardwood trees surrounding the larger pond is located along the northern edge of the property.
There are two water wells, and four tanks on the property varying in size and one appears to be spring fed. The improvements are serviced by Savoy city water from a water line that runs along Water Street.
Elevation changes range from 674 feet above sea level on the south side by the road to 630 feet above sea level on the northern side of the ranch. The gently rolling pasture has good improved grasses and views of the surrounding area. Soil types on the property are primarily composed of Blackland and sandy loam soils ideal for horses.
The property has a 1,488-sf home with 2 bedrooms and 2 bathrooms, that was completed in 2018. From the house there are scenic views of the ponds and entire countryside. Adjacent to the house is a recently constructed three-stall horse barn with electricity and water, a feed and tack room, and three turnouts. An arena for riding and roping is located next to the barn and surrounded by pastures which are fenced and cross-fenced.
Contact listing broker for more information.