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    17610 N Fm 1189 Lipan, TX 76462

    Under Contract
    For Sale
    $1,350,000

    Ranch, Farm/Ranch - Lipan, TX

    Type:Farm
    Property size:
    1,505 SF
    Lot size:
    19.62 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 17610 N Fm 1189

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    R000021822
    Parking features
    Covered
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, High Speed Internet Available
    Exterior features
    Covered Patio/Porch, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Washer
    Size
    1,505 SF
    Lot size
    19.62 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1998
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s), Storage

    BOBBY NORRIS FARM AND RANCH REALTY, LLC (817) 626-2000

    Listing agent Bobby Norris (817) 626-2000 License #0510409

    Listing date Nov 21, 2025

    MLS# 21110647 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lipan Ranch with Covered Arena

    This ranch property in Lipan, Texas, spans approximately 20 acres, fully fenced and cross-fenced. It includes a large, covered arena measuring 150' x 150', a 21-stall barn, and a commodity barn. Additional features include a tack room, storage area, and wash rack. The property also has a 60 ft. breaking pen, a 150 ft. lighted round pen, and a 120 ft. octagon pen. There are three loafing sheds and nine turnouts. A 1,505 square foot brick home with three bedrooms and two bathrooms is also located on the premises. The property is suited for equestrian activities and training.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.059262
    Latitude
    32.488323

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    FAQs

    What type of property is this?
    Horse & equestrian property - 20-acre Lipan ranch featuring covered arena and 21-stall barn.
    Where is this horse & equestrian property located?
    The property is located at 17610 N Fm 1189 Lipan, TX.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - 20+- acre horse training facility, fenced and cross-fenced, ready for immediate use.; - Large 150' x 150' covered arena.; - 21-stall barn with tack room, storage, and wash rack.
    (817) 626-2000
    Request Owner's contact information
    17610 N Fm 1189 Lipan, TX 76462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17610 N Fm 1189 Lipan, TX 76462
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