luxury real estate for sale Gainesville, United States

Perched atop rolling terrain with panoramic views of Lake Ray Roberts, this beautifully renovated Mediterranean-style estate spans 58± acres in one of North Texas' most desirable locations. Combining luxury living, privacy, and versatility, the property is minutes from downtown Pilot Point, marinas, and boat docks less than two miles away. Seller is willing to subdivide. Originally built in 1998 and renovated in 2025, the 5,760± square-foot residence showcases Mediterranean architecture with stucco exteriors, tile roofing, a porte cochère, private courtyard, four fireplaces, a balcony, and hilltop views. The home offers four bedrooms, three full bathrooms, one half bath, multiple living areas, flex spaces, a wet bar, quartzite countertops, a Sub-Zero refrigerator, Viking gas range, and an attached one-bedroom casita with authentic Saltillo tile. Additional improvements include a 738± square-foot guest house, a 45' × 50' shop with half bath, dog kennels, pipe fencing, cross-fenced pastures, and two ponds, including a stocked fishing pond with its own private island. Highlights include a private deep well with an 18,000-gallon holding tank, underground utilities, access to public water and sewer along Walcott Street, a FEMA-certified safe room, automatic gated entrance, agricultural tax exemption, and a quiet dead-end road providing exceptional privacy. Approximately 50 feet of elevation change creates long-range views, while mature trees, water features, and rolling pastures enhance the property's beauty and functionality. Currently utilized for longhorn cattle, the ranch is equally suited for livestock, equestrian use, recreation, or a private country retreat. Located outside city limits with no restrictions, this exceptional property is ideal as a family compound, luxury retreat, event venue, bed and breakfast, or working ranch. Highly improved acreage with Lake Ray Roberts views and this level of privacy near the DFW Metroplex is increasingly rare.