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$1,295,000
86 Days On Site

NA
693 CR 501 15
Stephenville, TX 76401

For Sale|Farm|Active
4
Beds
2
Full Baths
1
Partial Bath
2,520
SqFt
$514
/SqFt
1983
Built
Subdivision:
NA
County:
Erath
Call Now: 1-682-803-8311
Is this the home for you? We can help make it yours.
1-682-803-8311
693 CR 501 15693 CR 501 15693 CR 501 15693 CR 501 15
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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!

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Listing Snapshot
Price 
$1,295,000
Days On Site 
86 Days
Bedrooms 
4
Inside Area (SqFt) 
2,520 sqft
Total Baths 
3
Full Baths 
2
Partial Baths 
1
Lot Size 
15 Acres
Year Built 
1983
MLS® Number 
20823128
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
15
Additional Property Use 
AgriculturalCattleGrazingHorsesLivestockMulti-FamilyPastureRanchResidentialSingle Family
Carport 
2
Foundation 
Slab
Garage 
Yes
Parking 
Attached CarportCommonGravelPavedRV Access/ParkingRV Garage
Property Sub Type 
Farm
Sewer 
Septic Tank
Special Circumstances 
Standard
Stories 
One
Style 
Ranch
Water Source 
WellPrivate
Interior Features
Appliances 
DishwasherElectric OvenGas Cooktop
Cooling 
Central AirElectric
Fireplace 
Yes
Fireplace Features 
DecorativeDenMasonryStoneWood Burning
Fireplaces 
1
Flooring 
LaminateSimulated WoodVinyl
Heating 
CentralPropane
Interior 
Built-in FeaturesGranite CountersPantryVaulted Ceiling(s)Walk-In Closet(s)High Speed Internet
Bedroom 
Dimensions - 13 x 13Level - First
Living Room 
Dimensions - 28 x 15Level - FirstFeatures - Ceiling Fan(s)
Master Bedroom 
Dimensions - 13 x 16Level - FirstFeatures - Ceiling Fan(s)
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Exterior Features
Construction Details 
StoneSteel SidingStone Veneer
Lot Features 
ClearedWoodedAgriculturalFew Trees
Other Structures 
ArenaBarn(s)Garage(s)Workshop
Patio And Porch 
Covered
Pool Features 
In Ground
Road Frontage 
County Road
Roof 
AsphaltMetal
Community Features
Financing Terms Available 
1031 ExchangeCashConventional
Horse Allowed 
Yes
Horse Property 
Corral(s)ArenaTack RoomBarn
Roads 
Gravel
School District 
Stephenville ISD
Schools
School District
Stephenville ISD
Elementary School
Central
Middle School
Stephenvil
High School
Stephenvil
Listing courtesy of Clinton Mckeehan of CLARK REAL ESTATE GROUP [email protected]



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Last checked: 2025-04-18 01:06 AM CDT

Neighborhood & Commute
Source: Walkscore
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