Stegall, TX 79347 - Bailey County

A fantastic offering of 821.6 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 and Access--_

The 2 parcels are located in the western part of Bailey County of the Texas High Plains within less than a mile of each other. Both parcels are 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.

-The "Section" parcel has CR 11 (dirt) frontage on the eastern boundary, and CR 1194 (dirt) frontage on the north boundary. From the SE corner, it is only 1 mile away from the paved road.

Grulla Wildlife Refuge is 3.3 miles as a crow flies from the northern most parcel.

---Overall Property Description---

The land comprises of a full Section (640 acres) and a quarter section (160 acres). Additionally 21.6 acres contribute to the total acreage in between both parcels and the New Mexico state line.

The land is mostly level with minimal contour. The elevation ranges from the highest point of 4120ft to 4100 ft at the lowest. A majority of the soils consist of Stegall Loam. The detailed soil report can be downloaded on our website. The land has minimal wetlands, with 15 acres serving as bottom lands/playas. The land is open with very to few view obstructions. The land has a mix of established native grasses, with Plains Yuccas, Tree Chollas, and elm trees.

---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. Both parcels are located in Unit 46 Panhandle Pronghorn Herd enabling the new landowner to apply for antelope hunting permits. 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(more info on website).

---Conservation and CRP---

Of the 821.6 acres offered, 577.94 acres are actively enrolled in the CRP program, for a combined annual income of $24,975.

"Quarter Section" CRP contract details:

Acres for enrollment: 155.2

Rental Rate Per Acre: $49.54

Annual Payment: $7,689

Expires: 9-30-2025

Contract Details: Texas Mixed Grass SAFE

"Full Section" CRP contract details:

Acres for enrollment: 422.74

Rental Rate Per Acre: $40.89

Annual Payment: $17,286

Expires: 9-30-2032

Contract Details: General

---Minerals, Energy, & Water Rights---

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 properties. The properties are both located in the High Plains Underground Water District.

---Utilities---

Both parcels have overhead electricity at the county roads. See the interactive map above to see where the lines lay, as indicated by the black dotted lines.

---Miscellaneous---

Parcel ID #: 14581, 14591, 42821

County: Bailey

Estimated Annual Taxes: $1,141.22

Ag Exemption: Yes

Legal Description: Contact Broker

School District: Sudan ISD

Survey: N/A

Zoning: Agricultural

Zip Code: 79347

---Broker Remarks & Pricing---

This is a great opportunity to own a large amount of rural acreage for excellent hunting, passive income, and even grazing for a very reasonable price.Both parcels are offered at just under $1,095/acre, or $899,950.

We thank you for you time and for review of these two parcels. If we can answer any questions, you may call or text: 806-853-SELL (7355). Please reference Property Id: Bailey_821