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$350,000
6.5± Acres
Active
Palo Pinto County, TX
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15 Waterwood, Mineral Wells, Texas

MLS ID: 21314901
Status: Active
Price: $350,000
Acres: 6.5±
Type: Unimproved, Land
Address: 15 Waterwood
City, State: Mineral Wells, TX
County: Palo Pinto County
ZIP Code: 76067
Lat/Long: 32.738782, -98.20123
Parcel Number: 566077

Description

Discover a rare riverfront land opportunity designed for those who value privacy, natural beauty, and long-term investment potential. Set within a gated community, this exceptional property offers over 500 feet of river frontage and some of the most commanding views in the subdivision—arguably one of the premier river lots in the community.

With multiple potential building sites thoughtfully positioned to capture sweeping river and countryside views, the property provides an ideal canvas for a custom estate, executive retreat, private weekend escape, or legacy investment. Mature oak trees are beautifully scattered throughout the land, creating a refined, secluded setting with an unmistakable sense of place.

Much of the groundwork has already been done. A driveway with a strong road base is in place for convenient access, underground electric lines have been run to the property with 330-amp electric service. The well produces an impressive 20 gallons per minute, which is above average for the area and community—an important advantage for future improvements.

Located approximately 10 miles from local shopping, dining, and everyday conveniences, this property offers the perfect balance of seclusion and accessibility. The Cattle Grazing Association helps maintain the agricultural exemption, with 2025 property taxes reported at only $7, adding meaningful holding-cost appeal. Deed restrictions prohibit mobile homes, helping preserve the character, quality, and value of the community.

Owners also enjoy access to a gated setting with a 5+ acre community park and private river access, enhancing the lifestyle and recreational value of the property.

With rare river frontage, remarkable views, mature trees, strong existing infrastructure, and favorable tax advantages, this is a standout opportunity to create a high-end private retreat, build a distinctive custom residence, or secure a unique long-term land investment in one of the area’s most scenic​​‌​​​​‌​​‌‌​​​‌​​‌‌​‌‌​​​‌‌‌​​‌​‌​​​‌​​ settings.

Directions: From Mineral Wells head West on HWY 180, take left on Pleasant Valley Road. Drive approximately 4.1 miles. Entry gate is on the right. Address is GPS friendly.

Additional Information

Exterior

Fencing: Barbed Wire, Partial
Lot Features: Acreage, Agricultural, Cleared, Interior Lot, Many Trees, Subdivision, Waterfront
Lot Size Area: 7
Lot Size Square Feet: 283,140
Road Frontage Type: Private Road, All Weather Road
Road Surface Type: Asphalt
Water Source: Well
Waterfront: Yes
Waterfront Features: River Front, Waterfront

Financial/HOA/Schools

Elementary School: Palo Pinto
Elementary School District: Palo Pinto ISD
Middle School: Palo Pinto
Middle School District: Palo Pinto ISD
High School: Palo Pinto
High School District: Palo Pinto ISD
Subdivision Name: Brazos Mountain Ranch Ph 1
Tax Annual Amount: 7
Zoning Description: Residential

Extra Information

Disclosures: Deed Restriction, Familial Relation, Owner Is Listing Agent
Documents Available: Plat, Aerial
Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21314901

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of July 31, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: July 31, 2026 at 12:00:00 AM UTC

Listed By: Stephanie Van Houten of The Atkins Agency