52 Farm to Market 298, Muleshoe, TX 79347 - Bailey County

A fantastic offering of ±160 acres of grassland for hunting enthusiasts, conservationists, and ranchers. This property is currently enrolled in the CRP program, offering you an opportunity to earn passive income while Texas land assets continue to appreciate.

--LOCATION & ACCESS--

The parcel is located in the western part of Bailey County of the Texas High Plains . The parcel is about 30-32 miles SW of Muleshoe, Texas: (pop: 5,054), the closest town. 

Portales, NM (pop: 11,973) is a 35-37 minute drive to the NW. Lubbock, TX (pop: 263,930) is a 1 hour, 20 minute drive SE of the property which houses an international airport.

The "Quarter Section" parcel has paved FM 298 frontage on the southern boundary, and S. Roosevelt Rd A (dirt) access on the west boundary.

Grulla Wildlife Refuge is ±6 miles as a crow flies.

--OVERALL DESCRIPTION--

The land comprises of a quarter section (160 acres). 

The land is mostly level with minimal contour. The elevation ranges from the highest point of 4105ft to 4100 ft at the lowest. A majority of the soils consist of Stegall Loam. The detailed soil report can be downloaded below. The land has no wetlands.

The land is open with very to few view obstructions. The land has a mix of established native grasses, with Plains Yuccas, and sage brush. ??

--WILDLIFE & HUNTING--

??Due to the rural nature of the property, and proximity to 2 wildlife refuges, the property hosts excellent hunting for:

Mule Deer, Antelope, Blue (Scaled) Quail, Dove, and Sandhill Crane

The parcel is located in Unit 46 Panhandle Pronghorn Herd. Mule deer are also abundant in the area. Occasional whitetail deer are seen in the area too. For those with interest in predator hunting, coyote are abundant. The neighboring property has has award winning antelope and mule deer harvested year after year.

--CONSERVATION & CRP--

Of the 160 acres offered, 155.2 acres are actively enrolled in the CRP program, for an annual income of $5,587.

 CRP contract details: 

-Acres for enrollment: 155.2

-Rental Rate Per Acre: $39.99

-Annual Payment: $5,587

-Expires: 9-30-2040

-Contract Details: Texas Mixed Grass SAFE

--Minerals, Wind, & Water--

Minerals:

All seller owned minerals will convey upon purchase. The seller is unaware what percentage of minerals are currently owned. 

Wind:

Seller owns 100% of the wind rights and will convey. The property lays in between two windfarms, the Sagamore Wind Farm in NM and the Blue Cloud Wind Farm.

Water Rights/ Wells:

The owner owns 100% of the water rights which will transfer to the new owner. There are currently no wells on the property. The property is  located in the High Plains Underground Water District.

--UTILITIES--

The parcel has overhead electricity at the west side of the boundary. See the interactive map above to see where the lines lay, as indicated by the black dotted lines.

--MISC--

Parcel ID #: 14591

County: Bailey

Estimated Annual Taxes: $836.37

Ag Exemption: Yes

Legal Description: Contact Broker

School District: Sudan ISD

Survey: N/A

Zoning: Agricultural

Zip Code: 79347

--BROKER REMARKS--

This is a great opportunity to own affordable rural acreage for excellent hunting, passive income, for a very reasonable price.

The parcel is offered at just under $1,150/acre, or $184,950