Exceptional 297.64-acre farm, ranch, and development property located in Proctor, Texas, just minutes from Dublin, Stephenville, and Comanche. The property is less one half of a mile from Lake Proctor. The 3,115-square-foot residence features four bedrooms, four bathrooms, spacious living areas, a beautiful swimming pool, outdoor kitchen, and separate garage, creating an ideal setting for comfortable country living and entertaining. The property is well equipped for cattle, horses, farming, or a diversified agricultural operation. Improvements include a 10-stall horse barn, roping arena, cattle pens, large hay and equipment barn, workshop, fenced coastal fields, and established pecan orchards. Pecan production is already in place, offering an additional income-producing opportunity. There is also an abundance of deer and turkey on the property perfect for the hunting enthusiast. Water is a major asset, with seven irrigation wells reportedly producing approximately up to 250 gallons per minute, plus a separate domestic well serving the residence. The abundant water resources support the coastal fields, pecan orchards, livestock, and agricultural operations. The property also offers outstanding development potential with approximately one-quarter mile of Highway 377 frontage and nearly one mile of FM 1476 frontage. Dual highway access provides excellent visibility and convenient entry for trucks, trailers, equipment, and future development. The Highway 377 frontage presents an excellent opportunity for a convenience store, RV park, commercial development, residential development, or other investment use, subject to applicable approvals. With extensive improvements, productive acreage, exceptional water resources, income potential, and substantial highway frontage, this property is ideally suited for a working cattle or horse ranch, agricultural enterprise, development project, recreational retreat, or legacy family estate.