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Diana Rendon Real Estate Agent

Diana Rendon Real Estate Agent

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693 County Road 501, Stephenville, TX, 76401

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$1,295,000
289 Days On Site

693 County Road 501
Stephenville, TX 76401

For Sale|Multi Family|Active Under Contract
8
Beds
6
Total Baths
5
Full Baths
1
Partial Bath
2,520
SqFt
$514
/SqFt
1983
Built
Subdivision:
NA
County:
Erath

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

693 County Road 501693 County Road 501693 County Road 501693 County Road 501
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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!

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Listing Snapshot
Price 
$1,295,000
Days On Site 
289 Days
Bedrooms 
8
Inside Area (SqFt) 
2,520 sqft
Total Baths 
6
Full Baths 
5
Partial Baths 
1
Lot Size 
15 Acres
Year Built 
1983
MLS® Number 
20821997
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Builder
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What's This?
Private
Recent Activity
3 weeks agoListing updated with changes from the MLS®
2 months agoStatus changed to Active Under Contract
10 months agoListing first seen on site
General Features
Acres 
15
Foundation 
Slab
Levels 
One
Parking 
Attached CarportCommonGravel
Property Sub Type 
Multi Family
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Total 
2520
Water Source 
Well
Interior Features
Appliances 
DishwasherElectric OvenGas Cooktop
Cooling 
Central AirElectric
Flooring 
LaminateSimulated WoodVinyl
Heating 
CentralPropane
Interior 
Built-in FeaturesPantryVaulted Ceiling(s)Walk-In Closet(s)High Speed Internet
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Exterior Features
Construction Details 
StoneSteel SidingStone Veneer
Roof 
AsphaltMetal
Community Features
Financing Terms Available 
CashConventional
Horse Allowed 
Yes
School District 
Stephenville ISD
Schools
School District
Stephenville ISD
Elementary School
Central
Middle School
Stephenvil
High School
Stephenvil
Listing courtesy of Clinton Mckeehan of Keller Williams Brazos West clintmckeehan@kw.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2025-11-07 12:05 PM CST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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