2387 Fm 503

Coleman, TX 76834

$3,950,000
Price
5
Beds
6,000 Sq. Ft.
$658 / Sq. Ft.
6,000
Sq. Ft.
$658
per Sq. Ft.
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Description

The 392 acre CM Ranch is a turnkey, full scale Texas ranch built for both enjoyment and day to day operation, featuring a premier main home, strong water, quality horse and cattle infrastructure, and a layout that works. With multiple pastures, productive ground, and a large lake setting, this property delivers a rare blend of comfort, function, and long term value in one complete package. The centerpiece is a two story rock home set high with sweeping views across the ranch and the lake. Built in...The 392 acre CM Ranch is a turnkey, full scale Texas ranch built for both enjoyment and day to day operation, featuring a premier main home, strong water, quality horse and cattle infrastructure, and a layout that works. With multiple pastures, productive ground, and a large lake setting, this property delivers a rare blend of comfort, function, and long term value in one complete package. The centerpiece is a two story rock home set high with sweeping views across the ranch and the lake. Built in 2002, the home is approximately 6,000 square feet per owner and features 5 bedrooms and 5.5 bathrooms. The garage enters into an oversized mud room and laundry room, the main living area is anchored by a rock fireplace and expansive windows, and upstairs includes 3 bedrooms, a game room, a media room, and a balcony. The home is supported by three newer air conditioning units. Horse facilities include a barn with 8 stalls with water and a hay loft, plus a foreman’s suite inside the horse barn with a full kitchen and full bathroom. Water is a standout feature with five tanks total, including a larger tank lake that can be approximately 20 feet deep when full and roughly 8 to 10 acres at capacity. The ranch is divided into 8 pastures and offers excellent wildlife habitat. The owner reports strong deer activity when wheat is up, along with turkey, quail, and other native game, and the property has not been hunted in approximately 15 years. For cattle and crops, approximately 75 acres have been planted in wheat, canola, and Sudan for hay, and the ranch currently runs about 25 head for casual ranching. Additional improvements include an equipment barn and multiple water taps throughout the property. Utilities include county water, Coleman County Electric, a 250 gallon propane tank for the kitchen stove via West Texas Gas, internet currently via Starlink with county service wired to the house and barn, and a 500 gallon diesel tank on stilts at the barn.
  1. Listed by Colton Harbert • TREC #0667827 • Capitol Ranch Real Estate
    P: (806)-335-5867 C: (806)-335-5867 Colton@CapitolRanch.com

Property Details for 2387 Fm 503

Subdivision Name
N/A
Waterfront
Yes
Waterfront Description
Lake Front
Water Access Description
Private
View
Garden, Hills, Lake, Panoramic, Pond, Pasture
View YN
Yes
Parcel Number
R15093
Tax Lot
N/A
LISTING UPDATED: 05/03/2026 02:26 PM

Property Details for 2387 Fm 503

StatusActive
MLS #9804510
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2002
Lot Size392.00 AC / 17,075,520 SF
CountyColeman County
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Location

Listing Courtesy of Capitol Ranch Real Estate, Colton Harbert
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Building Information for 2387 Fm 503

Stories2Year Built2002Building Size-Lot Size392.00 AC / 17,075,520 SF

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$20,502 per month

30 year fixed, 6.46% Interest

Principal and Interest

$19,890

Property Taxes

$612

HOA Dues

$0

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Property Information for 2387 Fm 503

General Information
Parking
  • Garage Spaces: 3
  • Parking Total: 3
  • Parking Features: Additional Parking, Attached, Detached, Garage, Oversized, Covered, Guest
  • Garage: Yes
  • Covered Spaces: 3
Interior
  • Interior Features: See Remarks, High Speed Internet
  • Flooring: Concrete, Laminate
  • Appliances: SeeRemarks
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Fireplace Features: Wood Burning
  • Laundry Features: SeeRemarks
  • Virtual Tour URL Branded 2: https://youtu.be/__ry96c5keM
  • Restrictions: NoRestrictions
Exterior
  • Exterior Features: Balcony, Barbecue, Gas Grill, Lighting, No Exterior Steps, Outdoor Grill, Private Entrance, Private Yard
  • New Construction: No
  • Construction Materials: See Remarks
  • Foundation Details: See Remarks
  • Patio And Porch Features: See Remarks, Balcony
  • Water Body Name: See Remarks
  • Roof: Metal
  • Fencing: Barbed Wire, Back Yard, Chain Link, Fenced, Full, Front Yard, Gate, Livestock, Pipe, Wire
  • Direction Faces: West
  • Window Features: SeeRemarks
  • Accessibility Features: See Remarks
  • Community Features: Barbecue, Bar Lounge, Fitness Center, Fishing, Game Room, Stables, Internet Access, Kitchen Facilities, Lake, Media Room, Airport Runway, Storage Facilities
Property Information
Lot Information
  • FEMA Flood Plain: See Remarks
  • Lot Features: Agricultural, Back Yard, Cleared, Sloped Down, Farm, Front Yard, Garden, Private, Rolling Slope, Sloped Up, Few Trees
  • Horse: Yes
  • Horse Amenities: Barn, BoardingFacilities, Corrals, HayStorage, Pasture, PalpationChute, Paddocks, RidingTrail, ShavingBin, Stables
Utilities
  • Cooling YN: Yes
  • Cooling: See Remarks
  • Heating YN: Yes
  • Heating: See Remarks
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Electricity Available, Electricity Connected, Other, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Underground Utilities
Green Features
  • Green Energy Efficient: SeeRemarks
  • Green Water Conservation: GrayWaterSystem
Unit Information
Unit 1
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $527,270
  • Additional Parcels: No
  • Additional Parcels Description: R500435, R14729, R15383
  • Tax Year: 2025
  • Tax Rate: 1.93%
Showing Information
Showing Information
  • Security Features: See Remarks
  • Directions: FM 503

Property History for 2387 Fm 503

DateEvent & SourcePriceAppreciationLink
Feb 24, 2026

Listed (Active)

HARMLS #71859552

$3,950,000——
Feb 24, 2026

Listed (Active)

ACTRIS #9804510

$3,950,000—
DateEvent & SourcePrice
02/24/2026

Listed (Active)

HARMLS #71859552

$3,950,000
02/24/2026

Listed (Active)

ACTRIS #9804510

$3,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2387 Fm 503

Taxable ValueLand-Additions-Total-
Tax Record2022$7,348 ($612 / month)
Home Facts
Beds0Total Finished SqFt7,398 SqFtAbove Grade Finished SqFt7,398 SqFtLot Size115,216 SqFtStyleMiscellaneous ResidentialYear Built2002CountyCOLEMANAPN15093

Schools near 2387 Fm 503

This home is within Panther Creek Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Panther Creek School
Public - PK to 12
Rating
School
Distance
Panther Creek School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2387 Fm 503, Coleman, TX 76834

2387 Fm 503 is a single family home for sale in Coleman, TX 76834. This property was listed for sale on February 24, 2026 by Capitol Ranch Real Estate, it's currently listed at $3,950,000. This listing's school district is Panther Creek Consolidated Independent School District. Nearby schools include Panther Creek School. 2387 Fm 503 is a 5-bed, 6-bath, 6,000 sqft single family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Capitol Ranch Real Estate, Colton Harbert

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass and its related brokerages. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 05/03/2026 02:26 PM