Legendary Land Catalog Spring 2024

Featured Property: Pg. 4

Hat Creek Ranch

2,792 +/- acres

$3,250 Per Acre

Coal County, OK

Over 20 years of trophy deer management

Legendary Land Team

MARKET REPORT SPRING 2024

Throughout the course of our lives, both professional and personal, we are constantly discussing the land market and all of the relevant economic factors with a plethora of different people. Obviously buyers and land owners, but also with financial advisors, lenders, appraisers, surveyors, attorneys, accountants and many other people who in some way deal with real estate. All bring their own opinion as to what they are feeling and statistics of what people in their trade are discussing. The information can understandably vary some from person to person, but has an eerie way of all being very similar at its core.

Overall, the general consensus at this point in time is that the market is not red hot, but that it is beginning to pick back up after a slower period. It’s no secret that the land market was on fire from Spring 2020 to Summer 2022 due to Covid-19 and many other variables that followed. We then felt an abrupt slowdown in fall of 2022 which remained through most of 2023 and was seen in an overall stagnant market. Inventory was stale and overpriced and the buyer pool was shrinking due to higher interest rates. The buyers left in the market were cash buyers and those with 1031 tax exchanges, and they were ready to see a real correction in land values. Although land values did pull back slightly, we did not see the correction that most people would expect when simply looking at imbalance in supply and demand. There seemed to be just enough 1031 money held by motivated buyers to keep a strong sale happening from time to time which put a little wind back in the sails of all the sellers watching the market, so prices never saw a significant decrease.

Around Christmas of 2023, the FED began hinting at rate cuts in the future and we began to see and feel a slight uptick in new buyer activity. This, coupled with some weary sellers beginning to sharpen their pencils and get a little more reasonable on asking pricing led to a increase in transactions. This was corroborated by lenders, appraisers and surveyors that we have spoken to in the past few months. Basically, the buyer pool decided that a major pullback in land values wasn’t going to happen in the short term. Even with rates higher, they were going to reenter the market and try to find some land to buy before another rush came and prices started increasing again. Some buyers I’ve spoken to have confirmed this and also mentioned they were willing to hedge their bets and hopefully refinance at a lower rate in the future.

As always, the next few months will be interesting to watch as things play out locally and on the national and world stages. Overall, we are optimistic that people will continue to feel comfortable buying and selling land in Oklahoma as it has always been viewed as a very sound investment. We feel fortunate to be situated in the middle of the country and get to sell truly beautiful land full of natural resources created by God. Please keep us in mind for all of your land real estate needs now and in the future.

Coal County, OK Hat Creek Ranch

$9,074,000 2,792 +/- acres Located in central Coal County in the southeast part of Oklahoma. A contiguous tract of land that exemplifies the qualities of this region. The property is multifunctional and features numerous functional improvements perfect as a combination ranch for both cattle and recreation.

Jefferson County, OK Morgan Ranch

$4,090,000 1,146 +/- acres A rolling and scenic native grass cattle ranch located on the historic Chisholm Trail in central Jefferson County in an area known for large cattle ranches. This ranch has been in the same family for several generations and has clearly been taken care of over the years with much respect for the land. In addition to being an excellent cattle ranch capable of running 90 to 100 cow-calf pairs, it is an outstanding property for wildlife.

NewListing

NewListing

Jefferson Co, OK Jefferson County Ranch 631

$1,372,000

631 +/- acres The property has gently rolling topography and overlooks the Red River valley in Western Jefferson County.

Coal Co, OK The Ranch on Caney Creek

$2,018,250

621 +/- acres A seasonal creek meanders from west to east over smooth sandstone.

Jefferson County, OK

Taylor Ranch

$2,660,000

498 +/- acres Taylor Ranch is a highly improved 500 acre working cattle ranch with a newly built ranch house, covered working pens, new ponds, and tillable ground. This property has been transformed from a rough brushy cattle ranch with minimal water to one of the most excellent cattle properties in Jefferson County.

Murray County, OK

Sulphur Cattle Ranch

$ 1,000,000

343 +/- acres A solid investment opportunity for the beef producer or a unique restoration property. This ranch sits on 343 acres of rolling hills in native grass country mixed with mature hardwoods draws, seasonal creeks, and limestone outcroppings. Near the center of this property is a pre-conditioning yard complete with a commodities barn and automatic watering system in each pen.

NewListing

UnderContract

Love County, OK

Jimtown Hay Farm

$2,363,000

340 +/- acres Jimtown Hay Farm is a highly productive hay and cattle property located in central Love County along the Red River. The Jimtown ~ Leon area of southern Oklahoma has long been known for its productive sandy loam soils and readily available aquifer which has historically grown peanuts, corn, alfalfa, soybeans, milo, water melons and hay. This property has been meticulously improved and maintained to become one of the best farms in the region.

Carter County, OK

North Simon Creek Ranch

$1,760,000 320 +/- acres North Simon Creek Ranch is a thick, yet maintained hunting and recreational tract situated in Southwest Carter County near the border with Love County. This property has a history of producing big whitetails, including a 202" buck.

$2,219,200 miles from the county road making the property

Co, OK

$1,760,000

320 +/- acres This property is a unique and diverse hunting tract sandwiched between three large bordering ranches.

NewListing

OK

$1,372,000

280 +/- acres This secluded, yet accessible property only 1.5 hours from DFW and features excellent hunting.

Garvin County, OK

Perry Ranch North

$2,219,200

277 +/- acres Perry Ranch North is comprised of two tracts of land conveniently located less than 2 miles from the Hwy 29 exit off I-35 between Wynnewood and Pauls Valley. The two parcels lie on either side of paved county road 3240 and both tracts have multiple gated entrances. The soils are comprised of silt and silt loam making the property a suitable choice for cattle and horses. Rural water and power are available along the county road.

Coal

Indian Springs Ranch

Carter Co,

Red Oak Ranch

NewListing

Jefferson County, OK

Oak Grove Ranch

$958,800

240 +/- acres Oak Grove Ranch is a quentisential Crosstimbers combination ranch providing both exellent hunting and agricultral opportunities. It has areas of thick native grasses like Bluestem, as well as blackberry and persimmon thickets and post oak forest. These habitats are continually intermixed throughout the property giving wildlife the perfect amount of native food and cover. Several small ponds are scattered across the ranch with many other locations that would be ideal to build new ponds or even small lakes.

UnderContract

Jefferson County, OK

Jefferson County Ranch Tracts 3-5

$802,895

240 +/- acres Jefferson County Ranch is a combination ranch with native grass pastures, thickets and mesquite timber. The property has gently rolling topography and overlooks the Red River valley in Western Jefferson County. This area is known for excellent deer and turkey hunting, but the property is also situated in big ranch country and will support about a cow/calf pair per 10 to 12 acres.

NewListing

Jefferson County, OK

Mud Creek Ranch

$830,000

200 +/- acres Mud Creek Ranch in eastern Jefferson County is in ideal combination property offering fertile cattle and hay pastures mixed with hardwood timber which makes this also an outstanding hunting property. The Mud Creek bottom is widely known for producing big whitetail deer and healthy flocks of Rio Grande turkeys. The flat topography in the creek bottom has potential for building waterfowl impoundments.

UnderContract

Love Co, OK Crosstimbers Ranch

$999,500

160 +/- acres This exceptional hunting tract has been set up to produce trophy deer, as well as plenty of opportunities at hogs and turkeys.

Noble

Co, OK Billings Farm Tract 3

$316,000

160 +/- acres Noble County Oklahoma farm is extremely well located with 1/2 mile of frontage along Highway 15 and 1/2 mile along a county road.

Stephens County, OK Baxter Ranch

$720,000

160 +/- acres Baxter Ranch is a recreational and cattle combo property that has been in this family for over 100 years. This ranch is located in southeast Stephens County known as the Crosstimbers region of Oklahoma. This property is about 65% wooded with the remaining acreage made up of a native grass pasture that has had very little grazing pressure.

Jefferson County, OK

160 +/- acres

Jefferson County Ranch-Tract 7

$568,000

Combination ranch with native grass pastures, thickets and mesquite timber. The property has gently rolling topography and overlooks the Red River valley in Western Jefferson County. This area is known for excellent deer and turkey hunting, but the property is also situated in big ranch country and will support about a cow/calf pair per 10 to 12 acres. The topography in the wooded draws lends itself for the construction of new ponds.

UnderContract

Cotton County, OK

160 +/- acres

Split Creek Ranch

$360,000

Secluded hunting and grazing tract in Cotton County, Oklahoma. This property lies close to East Cache Creek which is a well known travel corridor for White-tailed Deer, Rio Grande Turkey, and Bob White Quail. The western fifty-one acres is all tillable ground and will be sown in wheat for winter grazing and hunting opportunities.

6 Creeks Ranch

One of Oklahoma's Most Iconic Contiguous Cattle & Hunting

Ranches

5,840 +/- Acres Hwy 75 Frontage 6 Live Creeks 20 + Acre lake Coal County, OK

We

WANTED!!!

currently have buyers specifically looking for properties with the following criteria.

* 5,000 acre native grass cattle ranch

*5-15,000 acre hunting and cattle ranch

*1,000-3,000 acre bermuda grass ranch

*40-640 acres with duck potential

*160-320 acre hunting properties

*Properties with potential to build a large lake

*3,000-10,000 acre ranch east of I-35 & south of I-40

Property Valuation Services

Do you need to know what the market value of your land or ranch property is? The Team at Legendary Land Company routinely provides these valuation services for our clients. This is a free service as a part of listing with our company, but we also provide paid valuations by request for landowners who need a valuation for some reason other than selling their land.

Did a family member unfortunately pass away? Did you just inherit land and need a step-up in basis? Has your financial advisor, CPA or attorney requested or recommended that you get a valuation? Are you transferring your property into a new entity like a Trust? Are you buying out a sibling that co-owns a property along with you? Are you just curious about the value of your property and want to obtain a valuation for your personal records? These are all valid reasons for needing an up-to-date market valuation of your property.

Our Team does not contain any licensed appraisers and will be providing a market value analysis, which is similar, but not a stamped appraisal. If you need an appraisal performed by a licensed Appraiser, then we can also help refer you to several great land appraisers who will be the best choice for your property, depending on its exact location in the state, acreage size, terrain type, improvements, land use (farm, ranch, recreational, residential, potential development), etc.

Call or email us anytime to discuss your property valuation needs.

Jefferson County, OK

Beaver Creek Ranch

$472,000 160 +/- acres Beaver Creek Ranch is a beautiful, diverse and unique creek bottom property with both recreational and agricultural qualities. Beaver Creek is known for producing big whitetail bucks, as well as healthy flocks of Rio Grande wild turkeys.

NewListing

Johnston County, OK

Sandy Lake Ranch

$952,000 160 +/- acres Sandy Lake Ranch is a beautiful property situated near Tishomingo, Blue River and Lake Texoma which is 160 acres with 1/2 mile of county road frontage just off Hwy 48A and features managed hayfields, productive cattle pasture and mature oak timber.

Garvin County, OK Perry Ranch West

$1,280,000 160 +/- acres Perry Ranch West is conveniently accessible and located less than 2 miles from the Hwy 29 exit off I-35 between Wynnewood and Pauls Valley. This parcel lies along paved county road 3240 and has 2 gated entrances. The soils are comprised of silt and silt loam making the property a suitable choice for cattle and horses. Deer are in abundance along with turkeys, ducks, doves, and wild pigs!

UnderContract

Love County, OK

Belleville Duck Farm

$622,250

131 +/- acres Belleville Duck Farm is a flat and fertile cattle and wheat farm nestled in the middle of 5,000 acres of ag fields in an area known as Courtney Flats. This historic farming community along the Red River is known for its healthy loamy soils which can sustain an array of crops including wheat, corn, milo, soybeans, cotton and anything else desired.

NewListing

Carter County, OK Spring Lake Retreat

$780,000

117 +/- acres Spring lake ranch is an excellent all seasons hunting property with a 5.5 acre stocked lake with excellent waterfowl habitat.

Garvin County, OK

Perry Ranch East

$939,200 117 +/- acres Perry Ranch East is 117.4+/- acres conveniently located less than 2 miles from the Hwy 29 exit off I-35 between Wynnewood and Pauls Valley. This parcel lies on the east side of paved county road 3240 and has two gated entrances and a wire gate. Rural water and power are available along the county road.

NewListing

Oklahoma County, OK

Opossum Creek at the Deep Fork River

$742,500 110 +/- acres This property is perfect for someone looking for a place to hunt close to the Oklahoma City area while generating some income from the farm lease. According to the FSA, there are approximately 57.69 tillable acres. Roughly 40+/- wooded acres lie south of the Deep Fork River.

Murray County, OK

$648,000

108 +/- acres Sunshine Prairie is a true combo property near the community of Chigley in Murray County, OK. This property carries as much weight on the hunting side as it does the grazing. All of the ponds on this property are stocked and hold water year around, as well as offer outstanding waterfowl hunting.

NewListing

Johnston County, OK

Lost Cabin Ranch

$562,500 90 +/- acres Lost Cabin Ranch is a hunting and recreation ranch in Johnston County, OK. This property is not only a great hunting tract but is also just a short drive from some of the most unique public waterways in the state, Blue River.

Sunshine Prairie

Seminole County, OK

Hidden Oaks Hideaway

$595,000 80 +/- acres This is fabulous property with the nicest barndominium you've ever seen, and it comes fully furnished! The yard around the cabin is manicured like a park and two ponds are visible from the screened-in porch. This would make a great place to live or a perfect weekend escape from the hustle and bustle of the city. Find yourself again in this stunning tranquil setting!

UnderContract

Johnston County, OK Sandy Lake Ranch

$444,600 78 +/- acres Sandy Lake Ranch is a beautiful 238 acre property situated near Tishomingo, Blue River and Lake Texoma which is being offered in 78 and 160 acre tracts. The 78 acre tract fronts highway 48A and has a nice pipe entry gate and interior gravel ranch road which bisects a productive hay field.

Jefferson Co, OK

Jefferson County Ranch Tract 11

$265,090 76 +/- acres Combination ranch with native grass pastures Located less than two hours Northwest of DFW. The topography in the wooded draws lends itself for the construction of new ponds. With quail whistling and big scenic views, this ranch has the feeling of West Texas, but is less than two hours Northwest of DFW.

NewListing

Love County, OK

Hickory Flats Farm

$542,000 70 +/- acres Hickory Flats Farm is a beautiful and secluded property with a pasture of mixed native and improved grasses along with roughly 20 acres of mature timbered edge habitat. In less than five mintues you can be launching a boat at Lake Murray State Park and or Lake Texoma.

Love County, OK

Brushy Mound Farm

$240,000

40 +/- acres 40 acre homestead with scattered mature oak and pecan trees, native & bermuda grass pasture. NewListing

Carter County, OK

Cimmaron Road Ranch Tracts 1-3

$313,110

70 +/- acres Cimmaron Road Ranch is located on the western edge of Wilson, OK inside city limits. This property has over 2,000' of Cimmaron Road frontage along the west boundary. Water and electric are available, making this an ideal homesite. This property is also being offered in multiple tracts. Tract 1 is +/-20 acres of mixed hardwoods and native grass. Tract 2 is +/- 19.58 acres of very secluded with mature hardwood timber, a seasonal creek, and shared pond.

NewListing

Jefferson County, OK

Waurika Preconditioning Yard

$ 345,000

40 +/- acres Waurika Preconditioning Yard is located just South of the intersection of Highway 70 & Highway 81 in Waurika, OK. This property is not only in the perfect location, but it is also set up extremely well with a covered set of S-Alley working pens and a hydraulic chute. Other structures include an RV shed, overhead bulk feed bin, equipment shed, 25,000 lb cattle scales, and load-out ramp.

Johnston Co., OK Lost Cabin Tract 1

$250,000

40 +/- acres Great hunting tract and just a short drive from some of the most unique public waterways in the state, Blue River.

NewListing

Carter County, OK Hope Ranch

$243,000

36 +/- acres Property has choice building sites for a home or horse facility as well.

NewListing

Carter County, OK Midway Valley Ranch

$187,500

30 +/- acres Beautiful hunting and agricultural property with scattered post oaks.

Jefferson Co., OK Jefferson County Ranch-Tract 10

$134,439

38 +/- acres Combination ranch with native grass pastures, thickets and mesquite timber.

NewListing

Carter County, OK Midway Pecan Grove

$187,500

30 +/- acres Beautiful hunting property with choice building sites among mature oak trees.

Bryan County, OK Twin Lakes Ranch

$499,500

25 +/- acres Twin Lakes Ranch is gorgeous raw land tract with two stocked lakes and rolling terrain.

Carter Co., OK Mt. Pleasant Homestead

$945,000

24 +/- acres Mt. Pleasant Homestead a beautiful and scenic property in Carter County, OK with a rustic and tasteful custom home overlooking the Arbuckle Moutains.

County, OK Orr Road Farm

$105,000

20 +/- acres Orr Road Farm is a rare small acreage property situated in scenic Western Love County.

Carter County, OK Bristol Road Ranch Tract 2

$143,750

23 +/- acres Beautiful hunting and agricultural property overlooking the countryside of western Carter County.

Carter County, OK Meridian Road Ranch Tract 1

$125,000

10 +/- acres Beautiful and scenic development property situated just four miles South of Lone Grove Schools and Hwy 70.

County, OK El Dorado Ranch

$99,500

9 +/- acres An ideal spot to carve out a home sight or keep as a hunting property.

5 +/- acres Efficent commercial property currently being operated as a trailer manufacturing business. NewListing

Love County, OK Marietta Commercial

$1,100,000

Love

Carter

*Full-time representation at the State Capitol

*Successfully increased trespassing Þnes, prescribed Þre rights

*Education and outreach through youth and veteran hunts

Become a member today and join us in promoting the preservation of our heritage as we work to protect landowner rights

OKLAHOMA WILDLIFE MANAGEMENT ASSOCIATION

* Property rights, hunting and conserservation advocacy

* Full-time representation ar the State Capitol

* Successfully increased trespassing fines, prescribe fire rights

* Education and outreach through youth and veteran hunts

For more information, visit: www.ok-wildlife.com