693 Cr 501 Unit 15
Stephenville, TX 76401
- 4 beds
- 3 baths
- 2,520 sqft
- ~15 acre lot
- $513 per sqft
- 1983 build
- – on site
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!
Last checked:
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Last updated Apr 6, 2025
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MLS# 20823128 —
The Building
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Year Built:1983
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Year Built Details:Preowned
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Architectural Style:Ranch
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Structural Style:Single Detached
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Patio And Porch Features:Covered
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Accessibility Features:No
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Roof:Asphalt, Metal
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Basement:No
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Foundation Details:Slab
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Levels:One
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Construction Materials:Rock/Stone, Steel Siding, Stone Veneer
Interior
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Interior Features:Built-in Features, Granite Counters, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
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Flooring:Laminate, Simulated Wood, Vinyl
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Fireplaces Total:1
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Fireplace Features:Decorative, Den, Masonry, Stone, Wood Burning
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# of Dining Areas:1
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# of Living Areas:1
Room Dimensions
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Living Area:2520.00
Location
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Directions:From the corner of the South Loop and Lillian, take Lillian St. south to CR 256. Turn right on to CR 501. CR 501 dead ends at the property gate.
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Latitude:32.17068800
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Longitude:-98.23483500
The Property
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Property Type:Residential
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Property Subtype:Farm/Ranch
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Property Attached:No
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Parcel Number:R000015707
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Lot Features:Acreage, Agricultural, Few Trees
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Lot Size:10 to < 50 Acres
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Lot Size SqFt:653400.0000
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Lot Size Acres:15.0000
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Lot Size Area:15.0000
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Lot Size Units:Acres
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Lot Size Source:Estimated
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Current Use:Agricultural, Cattle, Grazing, Horses, Livestock, Multi-Family, Pasture, Ranch, Residential, Single Family
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Possible Use:Agricultural, Cattle, Equine, Horses, Livestock, Multi-Family, Pasture, Ranch, Recreational, Residential
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Exclusions:Hay and feed in barns,
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Crops:Coastal Bermuda, Hardwood Timber
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Vegetation:Brush, Cleared, Grassed, Partially Wooded
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Horse Amenities:Arena, Barn(s), Electric to Barn, Equipment Barn, Hay Barn, Holding Pens, Living Quarters, Loaf Shed(s), Tack Room
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Horse Permitted:Yes
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Farm Ranch Features:Cattle Working Pen, Corrals, Outdoor Arena
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Unit Number:15
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Other Structures:Arena, Barn(s), Bunk House, Garage(s), Workshop, Workshop w/Electric
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Barns Count:2
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# of Barns:2
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Waterfront:No
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Road Frontage Type:County Road
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Road Surface Type:Gravel
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Will Subdivide:Subdivided
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:4
Baths
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Total Baths:2.10
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Total Baths:3
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Full Baths:2
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Half Baths:1
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20823128
Heating & Cooling
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Heating:Central, Propane
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Cooling:Central Air, Electric
Utilities
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Utilities:Co-op Electric, Gravel/Rock, Overhead Utilities, Septic, Well
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# of Wells:2
Appliances
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Appliances:Dishwasher, Electric Oven, Gas Cooktop
Schools
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School District:Stephenville ISD
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Elementary School:Central
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Elementary School Name:Central
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Jr High School Name:Stephenvil
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Intermediate School Name:Gilbert
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High School Name:Stephenvil
The Community
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Subdivision Name:NA
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Pool:Yes
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Pool Features:In Ground
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Association Type:None
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Complex Name:NA
Parking
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Garage:No
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Attached Garage:No
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Carport Spaces:2
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Covered Spaces:2
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Parking Features:Attached Carport, Common, Gravel, Paved, RV Access/Parking, RV Garage
Monthly cost estimate

Asking price
$1,295,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,934
|
Taxes | N/A |
Insurance | $356 |
Utilities | $183 See report |
Total | $7,473/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.