1996 County Road 314 , Lexington, TX 78947(Lee County)

As you drive through the Walleys Springs Ranch gate, you pass beautiful fields of coastal and Tifton pastures. You pass the very tidy camphouse overlooking a stocked pond, with covered porches and large, covered deck. Taking the gravel, all weather road down to the corrals complete with covered squeeze chute with electricity and water, you come to a large tank stocked with bass, perch and catfish. You will pass a number of top of the line deer stands on high platforms, a flowing wet weather creek, which is known as Walleye Creek. You will see about 300 acres of coastal and/or Tifton which is treated for weeds and fertilized. You will see the balance of the land in wildlife habitat so the deer, hogs, bobcats, coyotes and other wildlife have cover and habitat. The property adjoins Alcoa Aluminum which is mostly open pasture, so the cover affords the Walleye Springs Ranch excellent hunting. The previous owner claimed that the largest deer in Lee County was killed on this ranch.

This ranch is extremely well watered with numerous ponds and tanks, and it has the wet weather Walleye Creek flowing right through the middle of the ranch. The surface water is not the end of the story, however, as the ground water in this area is superb. There are three major water formations below the surface. The deepest one is leased for water sale, and you could have half of the income in the future! But, the two formations above are available for your irrigation, ponds, structures and general purpose. There is an excellent water storage system that breeds together two wells by the compound which feeds into a water booster station and is pumped into approximately 6000 linear feet of water lines out to the water troughs across the ranch and to the corral system. There is either well water or pond/tank water in every pasture.

The Walleye Springs Ranch offers the perfect combination of cattle production on a large scale, excellent hunting, fun recreation and a great investment. This is the only large tract of land available at this time in Lee County. AND, the only land in which you will get half of the minerals and half of the water rights, including half of the future proceeds from the sale of water when that begins.

The entire ranch is fenced and cross fenced with the original fencing in fair to good condition, while much of the interior cross fencing is new.

MINERALS: The Seller believes he owns all of the mineral estate on all of the ranch except the north 150 acres or so, and the Buyer will receive half of all owned. Lee County has seen substantial production of oil and gas over the years. There is no current lease and no production. Any potential buyer is advised to have the title reviewed to determine the exact amount of mineral estate offered.

IMPROVEMENTS: There is one house on the property of about 2000 sq ft which is a nice camphouse. It has three bed rooms and two baths, a nice kitchen and dining room, screen porches and large, covered deck with a fire pit. The house is offered furnished, except for a few items. This house has a new septic system and fully air conditioned and heated. In addition to the house, there are numerous sheds, carports, a 6000 sq ft barn which has a new roof, pump shed for the water booster station, top of the line deer stands reported to be "wasp proof", an older horse barn, and an excellent set of cattle pens, corrals with squeeze chute and loading chutes. There are numerous homesites where one could build their dream ranch house.

TERRAIN: There are nice elevation changes as one moves down toward the creek and up the other side. Plenty of places to build a series of lakes that flow into the next. The land is sandy soil with large post oak, elm, mesquite, and while much of the cedar has been cleared, the large red cedars, suitable for milling, have been spared.

ENTRANCE and LOCATION: There are two entrances to the ranch, one on CR 314 and one on Farm to Market 112. The ranch is about 7 miles from Lexington, home of the famous "Snow's BBQ" and about 40 minutes from downtown Austin. Right in the heart of central Texas, the ranch is about 20 miles from Taylor, Texas.

This is a clean, no excuses cattle, hunting, and recreation ranch.

DISCLAIMER: The information provided here is believed to be accurate, but any potential buyer is advised to have an expert of their choice review all pertinent data to satisfy whatever requirements that the buyer deems appropriate. Brokers are welcome provided they are present in the discussions from the beginning and are present at all showings.