318 ACRE HUNTING & RECREATIONAL RANCH NEAR GRAHAM, TX with 5 live-water ponds, 2 water wells, rare elevation changes, 40 acres of pasture grazing, furnished hunting cabin that sleeps up to 15, 40x50 shop and an ag exemption already in place. Designed for hunting, recreation, entertaining & ranch use, this property combines diverse native habitat, open country, beautiful hardwoods & rolling elevation rarely found in this area. Manicured hardwoods near the entrance create a park-like setting before the property gives way to expansive Texas ranch country. 5 live-water ponds provide exceptional water resources throughout the ranch, while approximately 40 acres of pasture & cattle pens add agricultural versatility. The hunting cabin is designed to accommodate a crowd, sleeping up to 15 w a private primary bedroom & en suite bath plus 2 separate bunk rooms with a total of 10 full size bunks. Oversized living room w wood burning fireplace provides plenty of gathering space, along w a small kitchen, additional full bath w tub & shower combination & washer dryer connections. Front & back porches offer ideal places to unwind & take in the sunset or wildlife views. A 40x50 shop creates another exceptional gathering & entertaining space w a kitchenette & prep area, wood-burning fireplace, cleaning station & covered overhangs on both sides--perfect for processing & gathering after a hunt, entertaining family & friends or simply enjoying the ranch. Additional infrastructure includes 2 water wells, a Generic generator, water filtration system & cattle working pens. The property currently benefits from an Ag Exemption. Whether you're searching for a North Texas hunting ranch, recreational retreat, cattle property, weekend getaway or legacy ranch to enjoy with your people, this 318 acre Graham-area property delivers the rare combination that is increasingly difficult to find. WATER, ELEVATION, WILDLIFE, HABITAT, LODGING, IMPROVEMENTS and ROOM TO ROAM.