693 CR 501 15, Stephenville, TX 76401

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$1,295,000

bedrooms

bathrooms

square feet

2,520

Acreage

15.0

Open Houses

year built

1983

Full Baths

Half Baths

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Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1± acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool. Ready for the horse enthusiasts, the property boasts a lighted arena with a return alley and stock holding pens. Adjacent to the main home, you'll find three apartments, 5 full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms. Rental income from one 2-1 rental unit and two 1-1 rental unit that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The 5 RV spaces are consistently rented and provide steady income. This property offers endless possibilities: live comfortably in the main house while generating income from the apartments and stalls, or enjoy it all to yourself. Opportunities like this are rare, don’t let it slip away!

Location
Subdivision	NA
County	Erath
Elementary School	Central
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 20823128

Listing agent: Clinton Mckeehan #0796386

Listing broker: Clark Real Estate Group (817) 458-0402

Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, March 24 2025 at 1:17 p.m. EDT

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