11874 Fm 157, Maypearl, Texas

$4,900,000

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135.87

Acres

About 11874 Fm 157

A rare 135-acre opportunity in Ellis County offering generational living, income potential, and prime development upside. Keefer Ranch blends open pasture, mature trees, and multiple water features—all just minutes from Maypearl and within 45 minutes of Dallas–Fort Worth. Recent property improvements have already expanded usability, including active land cleanup and mesquite removal that’s opening up even more pasture and buildable acreage. This multi-use ranch includes three separate residences—1,680 sqft (2012), 3,140 sqft (1997), and 1,500 sqft (2015)—each with covered porches, private views, and flexible use for multi-family living, ranch staff, short-term rentals, or long-term income. Ranch features include a 72×40 barn with 6 stalls, tack room, and wash rack, plus an 8,000+ sqft workshop with electricity and water—ideal for equipment, storage, or commercial operations. The land offers three ponds (two stocked), cross-fencing for livestock, an on-site water well, and 1,100 ft of FM 157 frontage. The rear pond spans over an acre and reaches depths of 25+ feet. Mountain Peak SUD provides water service. With quick access to I-35, I-20, and DFW Airport, Keefer Ranch delivers true rural privacy without sacrificing convenience. Whether you’re seeking a working ranch, a multi-residential retreat, a long-term investment, or a prime development site, this property offers unmatched versatility and future potential—strengthened by ongoing improvements and newly opened acreage.

Features of 11874 Fm 157

MLS® # 21398527
Price $4,900,000
Acres 135.87
Year Built 2012
Type Land
Sub-Type Ranch
Status Active

Community Information

Address 11874 Fm 157
Subdivision J A Gaona
City Maypearl
County Ellis
State Texas
Zip Code 76064-2124

Amenities

Utilities Rural Water District, Septic
Is Waterfront No
Waterfront Dock – Uncovered
Has Pool No

Interior

Heating Central
Fireplace No

Exterior

Exterior Features Covered Patio/Porch, Dock, Lighting, Private Entrance, RV Hookup, RV/Boat Parking, Stable/Barn, Storage, Other
Lot Description Acreage, Agricultural, Cleared, Few Trees, Lrg. Backyard Grass, Pasture, Tank/ Pond

School Information

District Maypearl ISD
Elementary Maypearl
High Maypearl

Additional Information

Zoning Agriculture
Short Sale No
RE / Bank Owned No

Listing Details

AgentCorbin Carpenter
OfficeNextHome Property Advisors

Listing Map

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