Thornton Ranch Sales

Thornton Ranch Sales
Leonard F. (LEN) Thornton
Broker, REALTOR®
1501 Isaac Creek Circle
New Braunfels, TX 78132
Phone: (210) 656-1955
Fax: (800) 371-8486
http://www.thorntonranchsales.com
Email - len@thorntonranchsales.com

MEDINA RIVER RANCH

(Also Known As Hi-Gate Ranch)
1,792 ACRES
BANDERA COUNTY, TEXAS

LOCATION: Located on the Medina River near Bandera, which is the county seat; or 35 miles northwest of San Antonio; or 88 miles southwest of Austin; or 220 miles west of Houston; or 250 miles southwest of Dallas. All distances are measured straight-line "as the crow flies".
BACKGROUND: This ranch was put together in the 1940s by the parents/grandparents of the present Owners. It was then developed into a showplace Hill Country weekend retreat, recreation and cattle ranch. Five families of the founder continue to share the use and enjoyment of this ranch on a regular rotational basis.
METHOD OF SALE: Owner will convey the property by a General Warranty Deed, provide a standard Owner's Policy of Title Insurance, and provide the most recent survey of the property completed in July 1983.
DESCRIPTION: The crystal clear spring fed Medina River wraps around 3.79 miles of the north and east boundary lines of this beautiful Hill Country ranch. Complimenting the river is a headquarters complex which includes 14 bedrooms, 12 bathrooms, seven fireplaces, a swimming pool, a tennis court, an historic barn and horse stables. Terrain varies from fertile bottom land fields to deep rugged canyons to majestic mountain tops with awesome views. However, most of the land is moderately rolling and all parts of the ranch, including the river, are easily accessible in a two wheel drive vehicle. A good pasture road parallels about 2.5 miles of the river frontage and provides ease access to most of the favorite fishing and swimming holes. There is an excellent tree cover of live oak, post oak, Spanish oak, elm, persimmon, cherry, hackberry and some well controlled cedar in the upland area. Large cypress, sycamore and pecan tree are found along the river and lowland areas. An excellent range management and brush control program along with conservative stocking rates over the past 50 years has produced a superb stand of native grasses. The result is a perfect mixture of tree and grass cover that provides outstanding habitat for both wildlife and livestock. The ranch is enclosed with low (non-deer proof) fences allowing the outstanding whitetail deer herd to migrate freely to and from the adjacent large ranches. You really must see this ranch to appreciate it as words alone cannot do it justice.
WILDLIFE, HUNTING, RECREATION: Game and wildlife management has been a top priority on this ranch for 50 years. The result is an outstanding population of deer, turkey, quail and dove. The almost four miles of prime Medina River frontage provides unlimited potential for water sports and related activities. The character of the river varies from rapids rushing over solid rock bottom, to fast shallow water, to deep blue water holes with huge overhanging cypress trees. Ideal water conditions are available for water sports including swimming, tubing, floating, boating, canoeing, wading, and snorkeling. The fishing for bass, catfish (channel, blue, yellow), and perch is reported to be superb. Most of the ranch is very well suited for horses and horseback riding. All of the ranch is suitable for hiking, nature walks, picnicking, camping and exploring. If Indian mounds and artifacts are your thing, they are there to be found. And if you are a spelunker there are caves to be explored. Or if you prefer less in the way of outdoor activities you may retreat to the comforts of the headquarters complex and enjoy its beautiful setting in a grove of huge live oak trees, an extra large swimming pool, a recently refurbished tennis court and numerous other amenities.
MINERALS: The owner (Seller) owns 100% of all of the minerals and all the minerals and executive leasing rights owned will be conveyed to the buyer.
IMPROVEMENTS: The headquarters complex consists of the main house (8 bedrooms, 8 bathrooms), bachelor quarters (4 bedrooms, 4 bathrooms), maid quarters (2 bedrooms, 1 bathroom), swimming pool, tennis court, garage, and an all purpose barn which includes a refrigerated walk-in game storage room. The estimated new replacement cost of all the improvements is $738,675.00 or $411.98 per acre on a contributory basis.
TAXES: Based on current agricultural use, total ad valorum taxes for the most recent year were $5,662.98 which is very reasonable in view of all the improvements.
POSSESSION: Possession subject to no leases of any kind shall be given on the date of closing and funding. Seller shall have 30 days after closing to remove livestock and personal property.
PRICE: $3,227,348.00* ($1,800.00 per acre).
* This price does not include any of Seller's personal property or livestock.
TERMS: All cash at closing. (NOTE: Excellent financing with up to an 80% loan is available from the Federal Land Bank Association of Kerrville. Consult Broker for details if you are interested).
BROKER COMMENTS AND MISCELLANEOUS INFORMATION: This ranch has it all: proximity to a major city, nice facilities, live water river frontage, scenic Hill Country beauty, hunting, fishing, ranching, accessibility, privacy and productivity. Better hurry on this one as it will most likely sell quickly. SOLD-SOLD-SOLD!!

SHOWING COORDINATION: This ranch is available for inspection seven days a week by prior appointment only. CALL: Len Thornton (210) 656-1955 at any time for showing coordination, service and support. Or you may contact me via E-Mail at: len@thorntonranchsales.com

NOTE: This offering is made subject to prior sale, change of price, or withdrawal from the market at any time. The information contained herein is from sources deemed reliable but is not warranted or guaranteed by Thornton Ranch Sales.

For more information on this property see our Invitation to Buyers.