266 Acres

ACREAGE:     266.234 acres, more or less, to be surveyed prior to closing. 

LOCATION:     Located approximately ¼ mile west of the City of Castroville and south of U.S. Highway 90 over-looking the Castroville Regional Park.  The Bexar-Medina-Atascosa (BMA) irrigation canal forms the eastern boundary, plus 6/10ths mile paved frontage on FM-1343 and 8/10ths mile paved frontage on CR-571. 

PRICE:     $22,500.00 per acre, or $5,144,850.00. 

TERMS:    Cash to Seller or third party financing.  Seller shall have the right to enter into an IRC Section 1031 Tax Deferred Exchange. 

LEGAL:    Being 266.234 acres of land, more or less, in various tracts, being  37.574 acres, more or less; 101.17 acres, more or less; and 37.00 acres, more or less out of Nepomucino Flores Abstract No. 1888, Survey No. 179; 90.49 acres, more or less, out of Noah Bassett Abstract No. 1439, Survey No. 361, as recorded in Deed Records, Medina County, Texas. 

MINERALS:   Seller is believed to own 100% mineral, royalty and executive rights and will convey all owned.  Exact amount of conveyance to be more fully determined at time of new title commitment.

WATER:    Water is available from East Medina Water System. At least three earthen ponds which hold water well. 

TOPOGRAPHY:       Mostly all gently rolling with elevations ranging from 895 feet on the southwest to 950 feet at the highest point to the east where the property slopes down to the eastern boundary on the canal. The vegetation, trees and brush are all native to South Texas consisting of large live oaks, mesquites, guajillo, blackbrush and other numerous species plus grasses native to the area.  Approximately 54 acres of tilled and irrigatable farmland is located in the southwest corner of the property.        

REMARKS:    Being located on top of one of the highest hills in the immediate area, this property  provides some of the most spectacular scenic views from the quaint  historical city of Castroville below  and far beyond across the beautiful Medina River valley with its patchwork of farms and pastureland. This outstanding panoramic view includes the Tower of the Americas to the east in downtown San Antonio and the beautiful Texas hill country to the north.  This area with its small town atmosphere and close proximity to San Antonio has become even more attractive to residential and recreational development. Altogether, with location, views and accessibility, this property could easily be transformed into one of the most beautiful parks and recreational areas in the country!