500 County Road 442 RSVP for the Open Ranch event Thursday, May 2nd, 12:00-5:00 PM. The Wallace's Leon River Ranch is an exceptionally clean, turnkey working ranch with professional grade horse facilities, located just 22 miles from Stephenville. From the gate to the furthest corner of the river bottom, this ranch is immaculate, functional and productive. The owners searched for abundant groundwater and productive soils, and they found them here. Now they are ready to pass the reins to the next owner who will benefit from the facilities. The ranch is well known for the large 250'x125' covered arena, which doubles as a roping and cutting pen. Other highlights include a 10 stall barn, 6 water wells, four irrigation wells, ability to irrigate 20 acres of paddocks, working pens, and good cross fences. In 2021 they cut 750 bales of hay were cut, and cut 370 in the drought of 2022. The main house was tastefully remodeled and updated with granite, luxury fixtures, commercial appliances, and swimming pool.