The Fortune Bend Ranch in Palo Pinto County is a 3342-acre ranch sitting in the historic teardrop of the Brazos River known as Fortune Bend. This ranch is just 4 miles downstream of the dam at Possum Kingdom Lake. The 4.8 miles of river frontage are some of the most scenic parts of the Brazos River system in North Texas. This section of the river has several sets of small rapids and is generally wide with several very large deep pockets that have developed over the millennia by the confluence of creeks including the very notable Ioni Creek. Fishing is excellent in this area and numerous species of game and non-game fish make their home here. Stripers coming out of Possum Kingdom and released rainbow trout are even caught here. The terrain varies from the river bottom to rolling native prairie to over 475 feet of elevation change up Schoolhouse Mountain. All owned minerals will convey as well as rarely-available water rights. At closing, the seller will also convey 100 acre-feet of irrigation rights and 50 feet of impoundment rights. It will be the responsibility of the buyer to transfer the water rights to the property after closing.