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693 County Road 501, Stephenville, TX 76401
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$1,295,000
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Home Details for 693 County Road 501
Price
$1,295,000
Type
other
Bedrooms
8
Total Bathrooms
6
Full Bathrooms
5
Half Bathrooms
1
Year Build
1983
Lot Size
15
County
Erath
MLS®️ Listing#
20821997
On exitrealty.com
268 days
Property Description
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!
- House Interior
- Built-in Features
- Pantry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Parking
- Attached Carport
- Common
- Gravel
- Cooling Information
- Central Air
- Electric
- Heating Information
- Central
- Propane
- Water Features
- Well
- Private
Listing Courtesy: CLARK REAL ESTATE GROUP - 254-987-2248. Presented by: Clinton Mckeehan

Last Updated: 2025-01-21 20:30:40
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Market statistics compiled from data from Dallas MLS - N.T.R.E.I.S..
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