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Contact for Price  •  2,058 acres
The ±2,058 acre Apache Creek Ranch is for sale in Medina County, Texas. The occasion is special and rare when a property this large, this exquisite, and this well-located becomes available. This ranch is the epitome of that situation. Halfway between Devine and Yancey, just 10 minutes from I-35, an hour from the San Antonio International Airport and 30 minutes from Hondo Municipal Airport, this ranch checks all the boxes for the discerning ranch buyer, investor, or developer. Situated on the prized divide between sought after South Texas brush country and picturesque Hill Country terrain, in the famed region termed the Golden Triangle, this highly improved sporting paradise is being offered turnkey with endless options and opportunities. With numerous excellent development options available to the owner of this property, one of them could certainly center on the excellent hunting reputation of this region. Medina County lies within the Golden Triangle of Whitetail Deer hunting in Texas, an area known the world over for the highest scoring deer. The long-term release of superior genetics Whitetail stock and excellent native brush protein sources of the area ensure world-class Whitetail hunting. The ranch is currently home to Whitetail and Axis deer, as well as Turkey, Dove, and Quail. Improved grasses have made for excellent quail hunting. There are 10 hunting blinds and corn feeders, as well as eight protein feeders, strategically placed across the ranch. The Apache Creek Ranch has ±1,650 high-fenced acres and ±408 low-fenced acres with a distribution of 50% high protein brush, 40% lush pastures of improved grasses, and 10% hay production. With a gated entry from paved FM 2200, the ranch has extensive well-maintained all-weather roads to all corners of the ranch including the one and a half mile main entry road leading to the main home. There is a ±20 acre pivot irrigated field on the southern portion of the ranch producing Tifton Bermuda. An extensive set of custom built cattle working pens and loading chutes in excellent condition are also in place. Ample ranching infrastructure is in place, including an 80’ x 60’ implement barn and workshop, a two-bay equipment barn with a game processing room with stainless steel work areas and walk-in cooler, a storage barn with several bunkrooms, and a horse barn with six stalls and a tack room. Water is plentiful from redundant sources on the Apache Creek Ranch. In addition to the constant level two-and-one-half acre lake and one-and-one-half acre pond, which are maintained by water wells, there are nine other smaller ponds scattered across the ranch. There is also just under a mile of highly desirable frontage on Hondo Creek consisting of both sides of this regionally significant creek. The property is also supplied by water via two rural water meters with access points along FM 2200. 11 submersible wells and two windmills are strategically placed across the property. Residential improvements on the property include an attractive and modern main home with spacious and comfortable open concept living and dining areas offering plenty of space to entertain large groups, The home also features a gourmet kitchen and many large windows for excellent natural light. Just outside the home is a large patio area, a covered outdoor kitchen with a fireplace, and a gorgeous pool, all surrounded by a meticulously landscaped yard. Just down the road from the main home is a two bedroom guest home with a carport and outdoor relaxation area near the barns. The entire barn compound area has been beautifully landscaped and irrigated. The Apache Creek Ranch’s approximately 2,058 acres of highly productive land, that is this close to San Antonio and in the heart of prime Whitetail country, the ranch doubles as both a revenue-generating asset and a recreational haven. The ranch can support a large and profitable cattle operation as it stands. It could easily become a legendary commercial hunting operation. And with the acreage involved and urban proximity, it could readily become a residential retreat development or any combination of all of these. Shown by appointment only with Texas Ranch Sales, LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.
Contact for Price  •  1,609 acres
The breathtaking Sagecreek Ranch is a gentleman’s ranch, master planned and inspired by a true sportsman. The ranch is a collaboration of western elegance, immaculately groomed grounds and the gently rolling South Texas landscape. Sagecreek Ranch showcases all the essentials of a five-star sportsman’s paradise. The ranch is in Medina County off Squirrel Creek Road, five miles south of D’Hanis, Texas. Sagecreek Ranch features a 12-acre lake that has been professionally managed for a number of years and produces up to 10-pound bass. The water on the ranch is tremendous encompassing a three-acre lake, two ponds, an Edwards well and over a mile and one-half of the wet-weather East Squirrel Creek and a half mile of the wet-weather Seco Creek. Shown by appointment only with Texas Ranch Sales LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.
Contact for Price  •  1,557 acres
Seco Creek Ranch is a 1,557± acre premier hunting ranch for sale in Medina County, Texas. This is a turn-key recreational, hunting, or cattle ranch with multiple improvements, abundant wildlife, and ample water. The main ranch entrance is from FM 2200, 10 miles south of D’Hanis, 20 miles from I-35, and about an hour from San Antonio. The topography of this ranch varies from steep to rolling, with good soils supporting an extraordinary variety of high protein brush species and thick improved grasses on the higher elevations, to the expansive clays which support the hardwoods and water-tolerant conifers. The ranch is 60% native brush, 20% pastures, and 20% farmland. There are four water wells on the ranch including an Edwards well and three domestic wells. There are several large food plots and an expansive garden of native flora. Seco Creek Ranch has three well-maintained lakes of over an acre in size and three ponds producing large bass, catfish, and perch. Several wet weather creeks traverse the ranch including Seco Creek and Little Seco Creek. The Edwards well pipes water to a large earthen reservoir where it then flows by gravity through underground pipes to all the lakes, ponds and water troughs. There are two irrigated 100± acre coastal fields with Valley pivots. Careful attention to wildlife preservation on this high fenced ranch has created an unparalleled wildlife sanctuary affording nesting and wintering habitat for birds rarely found away from a river. Buntings, Warblers, Orioles, Green Kingfisher, Sandhill Crane, and Tanagers are noted here seasonally. Many species of woodpeckers, vireos, wrens, swallows, sparrows, hawks, owls, and other varieties are seen throughout the year. There are resident swans that nest and live on the lakes of the ranch. Native wildlife and game include whitetail deer, axis deer, blackbuck, dove, quail, and flocks of turkey. Whitetail deer of improved genetics have been released on the ranch and a list of releases is available upon request. The ranch features five hunting blinds, ten corn feeders and fifteen protein feeders scattered throughout the ranch. There are two deer breeding pens on the ranch. A sunflower field attracts countless doves, making for an unbelievable bird hunting season. An all-weather blacktop road extends from the ranch entrance to the main house, hunting lodge, and throughout the property. The stucco and rock main house consist of five bedrooms, three bathrooms, two living areas, and a kitchen. There is a covered parking area and exterior patios wrapping around two sides of the house. The home is built on an elevated plateau overlooking manicured pastures and pristine countryside. The Western styled hunting lodge, remodeled in 2012, has approximately 5,284 square feet with three bedrooms and two bathrooms. There is also a foreman’s home with three bedrooms and two bathrooms, a guest house, and several storage out-buildings. There are four metal barns ranging in size from 1,000± to 6,000± square feet. Shown by appointment only with Texas Ranch Sales LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.
Contact for Price  •  1,541 acres
Location Located in Medina and Uvalde Counties, the 1541 acre Sabinal Ranch is just an hour drive from downtown San Antonio. The Ranch has almost 2 miles of frontage along County Road 324 providing easy direct access to the Ranch’s main entry gate. General Description The High fenced Sabinal ranch offers deer and dove hunters a south Texas dream. Large oak trees throughout and over half a mile of Ranchero Creek runs through the ranch and well over 2 miles of 3” PVC piped from 2 large casing water wells give wildlife easy access to water. A system of meadows brings thousands of dove to the property with various pastures planted in milo. The ranch’s bunkhouse and cabins provide the owner with a great entertaining headquarters. Water Over half a mile of Rancheros Creek runs through the western portion of the ranch. Additionally, 2 water wells piped through over 2 miles of 3” PVC pipe give wildlife access to water throughout the property. The ranch has 4 well placed ponds providing whitetail deer, dove, quail, and turkey even more water. Wildlife The ranch was stocked with South Texas genetics and every deer taken of the last season was checked and cleared with no CWD present. Turkey abound and seem to emerge from all corners of the ranch. Quail cover the roads and in the evenings it is not uncommon to see hundreds to thousands. The Dove hunting at the ranch is akin to Hondo- scenes reminiscent of Argentina emerge around dove season. Taxes The property is currently under a Wildlife Exemption and taxes for 2018 are stated on the Uvalde and Medina Appraisal districts as $3,606.73.
Contact for Price  •  1,057 acres
1,057 ± Acres 5BR/5BA Main Home 2BR/4BA Lodge 12-Acre Lake Additional ponds Wet weather creek Edward’s water well Released whitetail genetics 25,000-gallon water storage tank
$13,500,000  •  727.9 acres
Two Creeks Ranch, ±727. 9 acres located just 30 minutes west of San Antonio in Medina County, is a memory-making, live-water destination designed to make family, friends or business associates feel right at home in natural Texas. Three separate ranches were combined to create this wing-shooters paradise that has been used as a corporate retreat to entertain up to 24 people per weekend. It is equally suited as a private family getaway or a rental property for gatherings such as family reunions or workshops. Because of its diversity, the ranch can also generate income from wildlife and agriculture. When guests enter the simple, but elegant front gate on County Road 451 they are struck by the oak-lined, chip-sealed Knippa stone driveway and the flanking irrigated pecan orchard with more than 500 productive trees. Landscaping throughout was designed and installed by the late Marc Tellepson and the late Mark Scioneaux, both of Houston’s famed Tellepson’s Landscaping Company. By the time guests arrive at the main compound featuring the 2 dogtrot lodges that reflect Texas’ pioneer heritage and the adjoining renovated barn and primary gathering space known as the Party Barn, they know they’re somewhere special. The Land Nestled in an ecological transition zone, Two Creeks, as the name implies, offers the beautiful live water and legacy oaks of the Hill Country and the varied brush that marks superlative wildlife habitat in South Texas. In addition to majestic live oaks, the ranch is shaded by native pecan trees in the bottomlands of Hondo and Verde Creeks and old-growth bull mesquite throughout. The Water The creeks border the ranch on two sides. Verde Creek, which is a year-round creek, courses through the ranch for about one-half mile on the east, providing private access to both banks. Hondo Creek runs along the south border for more than 1/2 mile. A 7-acre lake that measures about 22 feet at its deepest point is stocked with bass, perch and forage fish. It is peanut-shaped with a jutting peninsula, which maximizes bank frontage and allows for plenty of angling fun. In case guests prefer to swim, carefully stacked native rocks create the perfect place to launch into the lake. Groundwater is also plentiful. Two Creeks Ranch has four water wells: one is an Edwards Aquifer irrigation well that supplies the two center-pivots; one is a high-flow domestic well that can support irrigation; and the other two are domestic wells. The Edwards Aquifer well and one domestic well are new; the two other wells recently have been rebuilt. Rights to 60 acre-feet of Edwards Aquifer water transfers with sale of the ranch. The Production Each center pivot covers between 50 and 60 acres. One tract is currently planted in Coastal Bermuda to grow horse-quality, revenue-producing hay. The other pivot is planted with sunflowers to attract doves for the celebratory hunts that have been prime offerings of the ranch. The crops could be easily switched to other agriculture products such as corn, cotton or sorghum, depending on the owner’s goals. The Wildlife While Two Creeks has been managed primarily for doves, whitetail deer, feral hogs, free-ranging exotics and a variety of varmints, small game and non-game species call the low-fenced ranch home. The ranch includes facilities that allow for the handling and release of quail, chukar partridges and pheasants. The Lifestyle Guests can sharpen their shooting skills and pass an enjoyable afternoon at the 5-stand skeet range outfitted with 6 movable trap houses. Once the smoke has cleared, they can congregate at the nearby Gun Room, a ±945-square foot gathering space that includes a wet bar, drink coolers, a 72-inch tv as part of the indoor sitting area, gun lockers, WiFi and a built-in sound system. For those who prefer to be outdoors, an ±1,850-square-foot covered porch area, located between the Gun Room and the skeet range, is the perfect spot. Guests can sit in the shade of two ancient live oaks as they enjoy conversation and a cool breeze. Accommodations A set of two identical ±3,130-square-foot dogtrot lodges, crafted from reclaimed and washed barnwood epitomize the clean country style that defines Two Creeks and serve as the main compound’s focal point. Unlike their historical Texas predecessors, the dogtrots are enclosed. Each lodge, outfitted with WiFi, a built-in sound system and wood burning fireplace, sleeps up to 12 people. The spacious porches, on front and back, make it easy to take the conversation outdoors. The downstairs encompasses ±2,072 square feet and includes 4 bedrooms with 2 double beds, a coffee bar, tv and a private bath with heated floor. The upstairs features 2 king suites with a coffee bar, tv and a private bath with heated floor. A short walk down a crushed granite path bordered with concrete brings guests to the ±11,600-square-foot Party Barn. Crafted from an existing barn, the Party Barn combines entertainment and dining space with storage and work space under one roof. The dining hall and the state-of-the-art, custom chef’s commercial kitchen encompass about 2,000 square feet and can accommodate up to 50 guests for special events. The mesquite-topped bar is set off by the shiplap walls adorned with metal touches reminiscent of modern farmhouse style. The interior of the Party Barn also includes 2 big screen tvs, shuffleboard, video golf and Buck Hunter as well as self-serve drink coolers, WiFi, a built-in sound system and two restrooms. An outdoor pass-through transitions into a ±3,600-square-foot work barn, which includes a gym and loft storage area. In addition, there are three small apartments: the ±180-square-foot bunk room has 4 bunkbeds and a private bath; the ±216-square-foot apartment, known as Joe’s Room, has a queen bed and a private bath; and the ±430-square-foot “downstairs room” has 2 queen beds and a private bath. Because a party is even better outdoors, the Party Barn has a ±3,000-square-foot covered porch shaded by Mexican sycamores. The porch has a built-in sound system, a tv, large outdoor fans, a fire pit and an outdoor bar with an ice machine. Two Creeks’ second compound, with two homes and a large storage barn, is just a short drive to the west over improved ranch roads. The newly renovated, two-story Casa Verde House encompasses ±2,000 square feet with the bonus of a wraparound porch. The downstairs is dedicated to fun with a wet bar and shuffleboard. It also includes a restroom. The upstairs features a full kitchen and laundry room as well as a king suite with a private bath and bedroom with a queen bed and 2 doubles. A full bath completes the upstairs. The nearby 3-bedroom/2-bath Ranchero House, a traditional ranch-style home, features a front porch as well as a screened porch. A kitchen office, laundry room, covered carport and detached game room round out the space. Infrastructure The ±5,900-square-foot Maintenance Barn, located in proximity to the main compound, is the site of the covered game cleaning station as well as the walk-in refrigerator and freezer. It also includes restrooms and additional storage. The 800-square-foot Laundry Building is conveniently situated within easy reach of the dogtrot lodges and Party Barn. Despite its utilitarian purpose, the stone building is one of the ranch’s most beautiful. The main compound also has ±3,000 square feet of covered parking. The ranch driveway is chip-sealed Knippa stone; all of the other ranch roads are caliche or improved, built-up dirt roads. The ±22,500-square-foot Hangar Barn, made from a converted airplane hangar and located at the second compound, is a combination of individual storage rooms and loft storage rooms. All furnishings with the dogtrots as well as the entertainment area and commercial kitchen transfer with the sale. The Opportunity Two Creeks Ranch is the best of old and new Texas. Built to surround family, friends and business associates in the time-tested warmth of hospitality and the well-watered landscape of natural Texas. Claim Two Creeks as your place. A one-of-a-kind destination for making memories that will color your world. To experience the natural style of Two Creeks Ranch, a premier Texas destination, for yourself, call Howard W. Hood at (830) 739-3815. The ranch is listed for $13.5 million.
Contact for Price  •  650 acres
650 ± Acres Low-fenced One hay barn Cattle pens Deeded easement access Large Live Oaks Good ranch trails Half-acre tank Abundant native wildlife
Contact for Price  •  640 acres
The 640 acre Rio Medina Ranch, located between Bandera and Hondo, offers rolling topography creating a private setting and breathtaking views of the surrounding Hill Country. Wildlife species include White-tailed Deer, feral hogs, turkey and dove. Other amenities include an old homestead, barns and water well.
Contact for Price  •  585 acres
585 ± Acres Over half a mile of blacktop road Two large metal barns Low-fenced Various homesites Two Yancey rural water meters Two troughs and three ponds Miles of wet weather creeks and tributaries Several blinds and feeders
Showcase
Contact for Price  •  435 acres
435 ± Acres Accessed via private road, off of FM 1796 Ideal homesite locations with a manufactured home in place One well and single-phase electricity 27± Acre hay field Great roads and senderos Half a mile of Seco Creek Six ponds from ¼-1 acre High-fenced with two low-fenced pastures
Contact for Price  •  320 acres
Medina County ranch or commercial listing for sale accessible on I35 frontage road less than two miles north of Devine and 25 miles south of San Antonio, Texas. The Rancho Del Cielo is a 320± acre property in a prime location for numerous commercial opportunities. Deposits of high-quality sandy silica gravel cover much of the acreage. Approximately 50% of the property is high-fenced. The rolling South Texas terrain is covered in dense and diverse native brush including Mesquite, Granjeno, Cenizo, Guajillo, Guayacan and White Brush. Approximately 40% of the property has been cleared of brush and the pastures are blanketed in thick native grasses. Hundreds of massive Oaks freckle the entire landscape. The thick brush and huge Oaks provide the property with privacy from I35. Two quarter-acre ponds fed by runoff from Chacon Creek provide water for livestock and the abundant native wildlife. Three water wells service the property, and a city water meter is also in place. Medina Electric provides electricity. A family-owned ranch for many years, this ranch would make an excellent hunting and recreational property very convenient to San Antonio. Shown by appointment only with Texas Ranch Sales LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.
New
Contact for Price  •  200 acres
No hour of Life is wasted that is spent in the saddle Uniquely Suited to the South Texas and Hill Country Lifestyle, offering both large scale entertainment possibilities and quiet retreat areas, High Chaparral Ranch is a privately gated 200 acre estate. Designed for the equestrian lifestyle, the diverse topography of this ranch also provides opportunity for the nature lover or the sportsman, as well. Lush green pastures on the High Chaparral Ranch will provide privacy and opportunity to explore a range of uses and recreational interest. The paved double access leads to the residences and horse facilities. The 10,255 square foot main residence is Grand Stylish but yet unassuming, allowing it to commune with the landscape. Stucco, hill country rock and a metal roof compliment the exterior architecture. Five bedroom, six and half baths. Two living areas, two dining areas, bar/study, theater room, spa/gym and a wine cellar/basement. This Custom home show cases marble, wood and ceramic floors each complimenting the other, grand crown molding, vaulted ceilings, granite, marble counter tops, custom cabinets, high end appliances, multiple fireplaces. An Attached four car garage. Various patios, porches and breezeways. Nuvo audio system inside and outside adds to the entertainment aspects. The Saltwater infinity swimming pool is the center of the outdoor entertainment area, along with a hot tub, fireplace, and a full outdoor kitchen and a tennis court. Natural landscaping, exterior lighting and security fencing adds to the beauty of the main residence. High Chaparral Office is located adjacent to the Main horse barn. The 6000 square foot building has 5 offices, conference room, three full baths, a half bath, kitchen, utility room, walk in cooler and a one bedroom and one bath efficiency apartment. A covered parking area is housed along the west side of the office. The show barn is 12,000 square foot. It has 32 Stalls. Each Stall is equipped with sliding door with a window, feed door, automatic waterer, misting fan, and a security camera. Tack room, feed room, 2 wash racks, and grooming bays. The barn has halogen lights, emergency backup lights and a fly spray system. Covered roping arena is attached to the show barn by a breezeway. Its 39,600 square foot pipe fencing, roping boxes, steer pen with alley way, overhead sprinkler system, misting fans, suspended lighting and an insulated ceiling. It also has a working round pen. High Chaparral Ranch partially low-fenced and the south side is high-fenced. In the front 100 acres, there is 8 Horse paddocks, with pipe and strapping. Each is equipped with water, loafing shed and k-line irrigation. Additional Structures and improvements include an, 1800 square foot recreational building, 10,000 square foot tractor barn, and a 20x100 metal hay shed. Thousands have lived without love, but not one without WATER High Chaparral Ranch has two ponds. The largest is three acres and is located at the south west portion of the property. Both have fishing piers and are stocked with fish. There are 4 water wells. There are two water wells with (four) 20 thousand gallon cisterns. 5 hp pumps supply 65 psi constant pressure to all areas and are 350 feet deep. Two irrigation wells for 55 acres of irrigating and to fill the two ponds, when needed. Two submersible pumps, 15 hp each are 340 feet deep. Irrigation wells will pump 300 gallons per minute. Three main valves isolate water to desired areas. From the Owners: Improving the ranch has always been an undertaking with an eye towards respect and the results being good stewards of this unique and beautiful area. The individual qualities and amenities of the High Chaparral Ranch represents a great opportunity to own a piece of Texas not so easily duplicated. Shown by appointment only with Texas Ranch Sales, LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.
Contact for Price  •  138 acres
The 138 acre 202 ranch, located on FM 2676 and CR 450 in the quaint town of Quihi. The town was named from the sound of the Mexican Eagle or Caracara. Quihi is Approximately 6 miles northeast of Hondo and 30 miles west of San Antonio. The main entrance of the property in on CR 450. The terrain on the ranch is very gentle and is well maintained. The property is approximately 2/3 improved pasture (Coastal). The remaining property is covered with large Oak trees, Hard Woods and a Pecan Orchard with drip irrigation. Water: The ranch has an abundance of water, with four lakes, four water wells and east Medina City Water. Improvements consist of 8,300 Sq. ft brick house that was completely renovated in 2019 and is very well appointed. The house is a 7 Bdrm/6 1/2 Bath with two living areas, state of the art appliances, covered porches, three fireplaces and an elevated view of the pool and property. There is a three-sided equipment shed and barn with living quarters. Minerals: The Seller will convey 50% of minerals owned.
Contact for Price  •  125 acres
The 125-acre Quihi Draw Ranch, located on CR 252, offers all the flora and fauna characteristic of the Texas Hill Country. This gently rolling tree covered property is a blank canvas to fulfill your ranching dreams. Wildlife species include White-tailed Deer, feral hogs, turkey and dove.
Contact for Price  •  100 acres
100 ± Acres Frontage on CR 6755 3,500 sq/ft Custom home 1,066 sq/ft Garage Apartment 2 Stocked ponds Outdoor entertainment areas 2,500± sq/ft Metal barn High-fenced 1 Well & rural water via EMCSUD
Contact for Price  •  17 acres
This 17.12 acres in Medina County and Medina Valley I.S.D. borders the western boundary of Castroville city limits along Alsace Avenue on the southern side of highway 90 and is in the Extra Territorial Jurisdiction (ET J) of Castroville. The property is immediately adjacent to the much storied and historical Cross Hill of Castroville*. It is filled with lush and dense South Texas brush including Guajillo, Black Brush, Mesquite, Acacia, Catclaw, some prickly pear and many large Live Oaks. The acreage is bordered on the south by the 126 acre Castroville Regional Park and Native Trails, and the BMA (Bexar-Medina-Atascosa) main irrigation canal along the southwest perimeter. It is a haven for wildlife including abundant Whitetail deer, turkey, quail, dove, songbirds and other small species. There is one deer blind and two corn feeders on the property. Currently, there is no active water, sewer or electric on the property, but all of these utilities are in place alongside the property on Alsace Avenue. The depth to the top of the Edwards Aquifer is approximately 800′ and access to the BMA irrigation Canal can be applied for. This is a high elevation property of 800′-900′ offering spectacular views overlooking the city of Castroville and the hills of Northern Medina County. Offerings of large elevated tracts of pristine rural acreage adjacent to the fast growing city of Castroville are rare, making this land a very valuable investment either as a destination recreation ranch and homestead, or an excellent opportunity for a premier community developer. Seller will convey all owned minerals to Buyer. * Hondo Anvil Herald 8/30/2018, Page 1 Shown by appointment only with Texas Ranch Sales LLC. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Texas Ranch Sales, LLC.