Ranch property question

[LillDragun]

I was browsing around and found a listing on a property that is selling for $320k. Here's the thing It's 226 acres. Comes out to under $1500/acre. Can anybody explain why most properties near it are selling for almost 2 times that price?
I've always wanted to own land and I want to learn more about it before making any bad decisions.

Here's the link

http://texas.primeranchland.com/idx/details/homes/a117/83540/Rocksprings-Texas-890-SD-58510

[elliscountyhog]

Man not sure but hope something like this is around in the next 5 yrs

[unclefish]

No electricity, no house/structures....do the other properties have those?

[Grayson]

Lack of water probably has something or a lot to do with it. You should contact a realtor familiar with the area and see what they think.

[290WEST]

maybe no minerals to convey if in an O&G area would make it cheaper?

[klepdo]

It looks like a 226 acre lot in a larger ranch. I have seen lots of them 25-50 acre ones for sale for $30,000

[LillDragun]

No electricity, no house/structures....do the other properties have those?

No house or structure is true, But other properties in the area/county also don't have houses. I saw one with an unfinished house that was $330k for only 120 acres I think. And one with about 100 acres for $230k or so.

[hillcountryhunter]

Like others have said I would be curious to see what it would cost to add utilities. That cost may be a jaw dropper.

[LillDragun]

maybe no minerals to convey if in an O&G area would make it cheaper?

I've been browsing ranch properties for a while, and I haven't seen minerals convey with land unless the property was in the millions of dollars. So I wouldn't imagine that has much to do with it.

[LillDragun]

Lack of water probably has something or a lot to do with it. You should contact a realtor familiar with the area and see what they think.

That makes sense. I just got into realty, but I'm in Corpus. That's a good idea to contact a realtor in the area.

[290WEST]

maybe because it has an HOA it looks like w no mobile homes allowed. most likely part of a big ranch that was subdivided. i think land is cheaper per acre for these larger ranches that get
subdivided as opposed to some acreage thats not and has no restrictions. not sure though, just a guess.

[290WEST]

It looks like a 226 acre lot in a larger ranch. I have seen lots of them 25-50 acre ones for sale for $30,000

this^^

[290WEST]

I've been browsing ranch properties for a while, and I haven't seen minerals convey with land unless the property was in the millions of dollars. So I wouldn't imagine that has much to do with it.

yeah, not a historically producing area either

[LillDragun]

maybe because it has an HOA it looks like w no mobile homes allowed. most likely part of a big ranch that was subdivided. i think land is cheaper per acre for these larger ranches that get
subdivided as opposed to some acreage thats not and has no restrictions. not sure though, just a guess.

Okay, I saw that and wasn't sure if I understood that correctly. I didn't know people did that.

[Throwin Darts]

I'm going to guess its because of the utilities not being on the property. It would probably cost a small fortune to get it there and the price takes that into account.