7402 CR 137 620± acre ranch located in the heart of Central Texas offering live water, diverse terrain, and a comfortable home. This property is part of a larger 1, 200-acre game-fenced ranch, and approximately 620 acres are being offered for sale. A game fence will need to be installed along the western boundary. The property includes a 3-bedroom, 2-bath home with a fireplace, ceramic tile floors, office/den, and a covered outdoor cooking patio. A 38’ x 25’ Quonset hut building provides storage or workshop space. Water features are a highlight of this ranch. There are two lakes—one approximately 10 acres and the other just under 5 acres—along with three additional stock tanks. Bee Creek runs through the property for nearly 8, 500 feet, featuring dramatic 20–40 ft limestone bluffs. These natural water sources create excellent fishing, wildlife, and livestock opportunities. The land has rolling terrain with good tree cover, and elevations range from 1, 020 ft to 1, 100 ft above sea level. The ranch is well set up for hunting with seven established food plots, each equipped with feeders and blinds that will convey with the property. Native wildlife is abundant, including whitetail deer and turkey. This ranch offers a great balance of recreational appeal and ranching use, with the scenic Bee Creek bluffs and lakes providing a true centerpiece. The home and outbuildings make it ready for use as a weekend retreat, hunting property, or permanent residence. Centrally located in Central Texas—just 30 minutes from Gatesville and Lampasas, about an hour from Temple, Waco, and Killeen, and 1.5 hours from Austin. This is a rare opportunity to own a sizeable ranch with live water, lakes, and a home already in place in a prime location.