693 COUNTY ROAD 501, STEPHENVILLE, TX 76401
Homes for sale in Stephenville.
Homes for sale in 76401.
693 County Road 501
Stephenville, TX 76401
List Price$1,295,000
Listing #20821997
8
Bedrooms
5 full, 1 partial
Bathrooms
2,520
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
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!
Property Features
Location Information
County
Erath
Subdivision
NA
Interior Features
Interior
Built-in Features, High Speed Internet, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Cooling
Central Air, Electric
Full Baths
5
Floors
Laminate, Simulated Wood, Vinyl
1/2 Baths
1
Appliances
Dishwasher, Electric Oven, Gas Cooktop
Has Fireplace
No
Total Number of Units
4
Heating
Central, Propane
Exterior Features
Stories
1
Lot Description
Acreage
Construction
Rock, Steel Siding, Stone, Stone Veneer
Lot Size in Acres
15
Foundation
Slab
Lot Size in Sq. Ft.
653,400
Roof
Asphalt, Metal
Buildings
4
Water / Sewer
Electricity Available, Septic Available, Water Available
Building Total Area (Sq. Ft.)
2,520
Utilities
Electricity Available, Septic Available, Water Available
Road Description
Gravel
Parking Description
Attached Carport, Common, Gravel
Is One Story
Yes
Has a Pool
Yes
Lot Description
Acreage
Pool Description
Pool
School
Elementary School District
Stephenville ISD
High School
Stephenvil
Elementary School
Central
Additional Information
Year Built Details
Preowned
Has a Home Owners Association
No
Property Type
RI
Exclusions
Hay and feed in barns,
Year Built
1983
Lot Acres Source
Estimated
Status
Active Under Contract
Similar Listings
Mortgage Calculator
$6,047
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,666
Monthly Tax
$1,079
Monthly Insurance
$302
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Clinton Mckeehan, Keller Williams Brazos West
© 2025 North Texas Real Estate Information Systems. All rights reserved.
We do not independently verify the currency, completeness, accuracy or authenticity of the data contained herein. The data may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is, as available" basis only.
NTREIS - North Texas data last updated at October 29, 2025, 6:29 PM CT
Real Estate IDX Powered by iHomefinder