Assumable 4.5% interest rate with yearly dividends paid back to you! Here's a rare opportunity to own 15.186 breathtaking acres in the highly desirable Morgan Mill area of Erath County! This property is a true gem, offering a unique combination of natural beauty, topography, and essential infrastructure, making it the perfect canvas to build your dream home, weekend retreat, or ranchette. With approximately 90 feet of elevation change, the land offers stunning hilltop build sites with panoramic views that stretch for miles and miles. A gorgeous .37-acre pond adds serenity and character to the landscape, nestled among clusters of mature hardwood trees that provide both privacy and charm. The terrain is diverse yet usable, ideal for those seeking space, seclusion, and scenic beauty. A huge bonus—utilities are already in place! An OUTSTANDING WATER WELL is drilled to 260 feet and delivers a strong yield of 25 gallons per minute. Water well report confirms fresh, clean water, ready to support a homestead. ELECTRICITY IS ALSO IN PLACE, saving you time, money, and hassle. Whether you’re dreaming of a barndominium with views, a custom-built estate, or just a quiet escape from the hustle and bustle, this property checks all the boxes. AG EXEMPT, abundant wildlife, and paved road frontage, this place is your dream come true! Located just minutes from Stephenville and within the excellent Morgan Mill ISD, you’ll enjoy the perfect blend of peaceful country living with convenient access to town. Bring your building plans and your boots—this one is ready to go! Light deed restrictions state a minimum 1,800 SF home and no mobile homes allowed.