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    24860 N Us Highway 281 Stephenville, TX 76401

    For Sale
    $3,300,000

    Farm/Ranch - Stephenville, TX

    Type:Farm
    Property size:
    3,500 SF
    Lot size:
    71.00 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 24860 N Us Highway 281

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    R000075681
    Parking features
    Carport, Driveway
    Interior features
    Cathedral Ceiling(s), Chandelier, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Oven - Double, Range, Washer
    Size
    3,500 SF
    Lot size
    71.00 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    2009
    Floors in Building
    2
    Architectural style
    Ranch

    Keller Williams Heritage West (254) 335-0500 [email protected]

    Listing agent Sam Byrd (254) 335-0500 License #717388

    Listing date Oct 17, 2025

    MLS# 20789938 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

    Turnkey Horse Property with Arena

    Located just North of Morgan Mill on Hwy 281, this 71-acre ranch provides access to the DFW metroplex. The property is set up as a turnkey horse property. The main house has 4 bedrooms and 4 baths, while the guest house offers 2 bedrooms and 1.5 baths. An older mobile home is also located on the property. The outdoor pipe arena is equipped with lights and a built-in watering system. The main horse barn features 5 stalls with runs, a wash bay, tack room, and storage area. Water is supplied by a water well, supplemented by two 5000-gallon water holding tanks. Additional structures include a 3600 sq ft hay and equipment barn and a 1000 sq ft shop. The property is fenced and cross-fenced, with multiple turnouts that include loafing sheds. This ranch provides the opportunity to handle a lot of horses and livestock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.1538851
    Latitude
    32.41027781

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    FAQs

    What type of property is this?
    Horse & equestrian property - Well-kept horse property featuring two homes, barns, and outdoor arena.
    Where is this horse & equestrian property located?
    The property is located at 24860 N Us Highway 281 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - Turn-key horse property with excellent access to the DFW metroplex.; - Main house (4 bed/4 bath) and guest house (2 bed/1.5 bath).; - Outdoor pipe arena with lights and watering system.
    (254) 335-0500
    Request Owner's contact information
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    Stephenville, TX 76401
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    24860 N Us Highway 281 Stephenville, TX 76401
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