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693 CR 501 15, Stephenville, TX 76401

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Listing Type
Farm
Listing Status
active
40
Overview
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Transportation
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$1,295,000

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Home Details for 693 CR 501 15
Price
$1,295,000
Type
Farm
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
2
Half Bathrooms
1
Year Build
1983
Sq. Ft.
2520
Lot Size
15
County
Erath
Total Rooms
5
MLS®️ Listing#
20823128
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!
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Property Features
School Information

School Information for 693 CR 501 15

Elementary School
Central
Middle School
Stephenvil
High School
Stephenvil
Listing Courtesy: CLARK REAL ESTATE GROUP - 254-987-2248. Presented by: Clinton Mckeehan
mls_iconThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2025-07-21 13:31:52
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Market statistics compiled from data from Dallas MLS - N.T.R.E.I.S..
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EXIT J RAGZ REALTY ELITE
291 S. Preston Rd Suite 1010, Prosper, TX 75078
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$1,295,000

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EXIT J RAGZ REALTY ELITE
291 S. Preston Rd Suite 1010, Prosper, TX 75078
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