$4,820,000

93.5± Acres

Active

Erath County, TX

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Ask Everette Newland

County Road 392, Stephenville, Texas

MLS ID: 20955350

Status: Active

Price: $4,820,000

Acres: 93.5±

Type: Residential

Address: County Road 392

City, State: Stephenville, TX

County: Erath County

ZIP Code: 76401

Lat/Long: 32.251968, -98.206279

Parcel Number: R000074890

SqFt: 20,000

Year Built: 1985

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.

Directions: 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).

Additional Information

Interior

Building Area Total: 20,000

Cooling (Yes/no): Yes

Cooling: Central Air

Flooring: See Remarks

Heating (Yes/no): Yes

Heating: Central

Exterior

Fencing: Cross Fenced, Perimeter

Foundation Details: Slab

Lot Features: Acreage, Hardwood Trees, Pasture

Lot Size Area: 94

Lot Size Square Feet: 4,072,860

Parking Features: Common

Parking Total: 30

Roof: Metal

Water Source: Well

Financial/HOA/Schools

Elementary School: Linglevill

Elementary School District: Lingleville ISD

Middle School: Linglevill

Middle School District: Lingleville ISD

High School: Linglevill

High School District: Lingleville ISD

Subdivision Name: Wilson

Extra Information

Documents Available: Aerial

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

Maps

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Everette Newland

Denton, Texas

(940) 390-3410

Interested? Contact Us Today About This Listing

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of July 1, 2025 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: July 1, 2025 at 12:00:00 AM UTC

Listed By: Kasey Mock of Keller Williams Brazos West