A rare 135-acre opportunity in Ellis County offering generational living, income potential, and prime development upside. Keefer Ranch blends open pasture, mature trees, and multiple water featuresall just minutes from Maypearl and within 45 minutes of Dallas–Fort Worth. Recent property improvements have already expanded usability, including active land cleanup and mesquite removal that’s opening up even more pasture and buildable acreage. This multi-use ranch includes three separate residences1,680 sqft (2012), 3,140 sqft (1997), and 1,500 sqft (2015)each with covered porches, private views, and flexible use for multi-family living, ranch staff, short-term rentals, or long-term income. Ranch features include a 7240 barn with 6 stalls, tack room, and wash rack, plus an 8,000+ sqft workshop with electricity and waterideal for equipment, storage, or commercial operations. The land offers three ponds (two stocked), cross-fencing for livestock, an on-site water well, and 1,100 ft of FM 157 frontage. The rear pond spans over an acre and reaches depths of 25+ feet. Mountain Peak SUD provides water service. With quick access to I-35, I-20, and DFW Airport, Keefer Ranch delivers true rural privacy without sacrificing convenience. Whether you’re seeking a working ranch, a multi-residential retreat, a long-term investment, or a prime development site, this property offers unmatched versatility and future potentialstrengthened by ongoing improvements and newly opened acreage.