See all 40 photos

$4,820,000

Est. payment - /mo

20,000 SqFt

New

000 County Road 392 Stephenville, TX 76401

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Daniel Burke

homes@burkedfw.com +1(469) 305-0167

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Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $241

Subdivision Wilson

MLS Listing ID 20955350

HOA Y/N None

Total Fin. Sqft 20000

Year Built 1985

Lot Size 93.500 Acres

Acres 93.5

Property Sub-Type Multiple Single Units

Property Description

This beautiful income producing property is available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, with additional frontage on CR 383, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional ranch include a 3,200 sqft custom home, 1,800 sqft guest house, 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes, 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena. The ranch is complete with cattle working pens, 60x100' hay barn, equipment barn, and workshop with hydraulic lift. Additionally, there are multiple ponds, a swimming area with slide, rope swing and zip line. Do you fly? This ranch has a private 1,500 ft. airstrip to conveniently fly in and out with ease. There are multiple opportunities to consider with this unique property. As a family ranch, it is one of the nicest around. As an investment, it offers cashflow to offset the cost of the ranch. **The sellers WOULD SELL JUST The Rental houses and 17 acres alone. Contact our team for additional information and details. A full packet is available upon request to Brokers, Agents and qualified buyers.

Location

State TX

County Erath

Direction From HWY 8 west of Stephenville, turn west on CR 392, and go 2.9 miles. The Property is on the left near the intersection of CR 383. From FM 219 south of Lingleville, turn east on CR 392 and go .75 mile. The property will be on the right (south side).

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring See Remarks

Appliance Other

Heat Source Central

Exterior

Fence Cross Fenced, Perimeter

Utilities Available Septic, Well

Roof Type Metal

Garage No

Building

Lot Description Acreage, Airstrip, Oak, Pasture, Water/Lake View

Story Multi/Split

Foundation Slab

Level or Stories Multi/Split

Structure Type Stone Veneer,See Remarks

Schools

Elementary Schools Linglevill

Middle Schools Linglevill

High Schools Linglevill

School District Lingleville Isd

Others

Ownership Wilson

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20955350

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kasey Mock • Keller Williams Brazos West

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Daniel Burke

Team Leader | License ID: 0671405

+1(469) 305-0167