Burgher-Ray Ranch Group
Shelton Ranch is prime real estate in the country's fastest-growing city.
The historic 880-acre Shelton Ranch in Fort Worth, which has been in the same family for generations, is for sale.
The Burgher-Ray Ranch Group of the Briggs Freeman Sotheby's International Realty, led by brokers David Burgher and Harlan Ray, are offering the property.
The property, at 3500 Peden Road, between the Alliance Corridor and downtown Fort Worth, is listed at $39.5 million.
“The uniqueness of this opportunity is incredibly rare,” reads promotional literature.
Most of the property currently has an agricultural exemption in place and is classified under the agricultural open district with a small portion of the property, where the residence is located, classified under single-family residential.
The city of Fort Worth includes this acreage in its future land use plan. The land use plan forecasts much of the property to be developed into single-family residential, with the property at the corners of Peden Road and Tinsley Road to be developed at neighborhood commercial. Along each side of Tinsley Road, along the northwest border of the property, the land is forecasted to be developed for mixed use, according to the listing.
A main home, a manager's home, and a shop/storage building are all located on the property.
The property has 4,000-plus feet of road frontage along both Peden and Tinsley roads. Surface water on the ranch includes seven stock tanks, a lake of approximately 4 acres and frontage on both sides of Gilmore Creek. The ranch is in the city of Fort Worth water district and in the Northwest school district.
The property is also just minutes from Eagle Mountain Lake.