Horse ranch with lake views in Dallas suburbs listed at $22M
13-acre estate is 30 miles from downtown Dallas and Fort Worth
A 13-acre luxury ranch in the Dallas/Fort Worth suburb of Flower Mound is one of the most-expensive listings in the Metroplex at just under $22 million.
Dubbed Woodbine Springs Ranch, the estate is located at 3521 Sentinel Oak Road on the north side of Grapevine Lake. The property is being used as an equestrian center and comes equipped with stables and riding enclosures.
With its contemporary main house and pink mission-style stables, the estate comprises 11 properties, including two residences, but the true value lies in the land itself, said Francisco Rizo of Douglass Elliman, who has the listing.
“It is really hard to find 13 acres all together that close to Dallas proper. It is a rare gem, and you have the lake right there” Rizo said.
The property has been on the market for just over 40 days, and while there has been notable interest, mainly from out-of-state and international buyers, landing a client for this property could be like finding a “needle in a haystack,” Rizo said.
“The unique challenge is showing why this property is so special. We need to find the right client that is looking at this for themselves or is looking to make a development that fits the land,” he said. “It could be anything the client wants. Right now the grass is so green it looks like you’re walking Augusta.”
The ranch is currently the most expensive single family property Rizo has listed, he said.
New York-headquartered Douglass Elliman has made a big push into Texas over the past four years, opening offices in Houston, Dallas, Austin and San Antonio. The company reported nearly $1 billion in sales volume in Texas alone in 2021.
The luxury market in Dallas led Texas last year. From November 2021 to October 2022, there were 4,689 home sales in Dallas of $1 million or more, representing $7.6 billion in sales. Homes in that price range averaged $368-per-square-foot in DFW, compared with $207 per foot for all residential sales in the region. Dallas luxury homes average 44 days on the market.