205.367± acre farm and ranch property located in Rusk County, Texas, with frontage along CR 4177, additional frontage along CR 461, and the western boundary defined by the Angelina River. The property features rolling topography that slopes from the southeast toward the river, offering a combination of open pasture and wooded river bottom. A primary feature of the ranch is an approximately 21.4-acre reservoir-style lake with a well-constructed earthen dam and concrete spillway. Additional surface water includes seven stock ponds and frontage along the Angelina River. The eastern portion of the property is primarily open pasture, while the western portion consists of mixed hardwood and pine timber with areas of recent timber harvest. Improvements include two residences and multiple outbuildings. The main residence is located on the south side of the lake and offers approximately 2, 124 square feet of living area plus a loft, with three bedrooms, two bathrooms, vaulted ceilings, and a large rear patio overlooking the lake. A second residence near the main entrance has undergone extensive renovation and is currently in white-box condition, allowing buyer customization. Exterior updates include stone and stucco finishes and a new composition roof, with foundation, electrical, plumbing, windows, and insulation replaced. Additional improvements include a Quonset-style shop with spray foam insulation and HVAC, a horse barn with hay loft, and a three-sided loafing shed. The property features perimeter fencing, cross-fencing, two gated entrances, and an internal road system along portions of the lake. Electricity is available on both the north and south sides of the lake. Agricultural exemption currently in place. Buyer to verify all information.