1638 Diamond Oaks Road
About This Property
Welcome to 37.3 scenic acres at 1638 Diamond Oaks Rd in Stephenville, TX-where horse country runs deep and wide. This property is ideal for equestrians, ranchers, or anyone seeking space, beauty, and functionality. With four fenced and cross-fenced pastures, three ponds, a 12x20 stall, and 20x20 loafing shed, it's ready for your horses from day one. Mature trees, native grasses, gently rolling terrain, and abundant wildlife offer the perfect mix of beauty and practicality. A separate entrance and approx. 650 feet of frontage on FM 3025 provide ease of access and added flexibility for ranch use or business potential. A 30x40 insulated workshop with 220V service and a roll-up door is ideal for equipment, trailers, or projects. Attached is a finished media suite with full kitchen and bath-great for guests, office, or lounge. There's also a well house that doubles as golf cart storage and craft space. Set privately on the acreage is a custom-built 4-bed, 4-bath home filled with thoughtful touches and a spacious layout. Inside, you'll find hand-scraped hardwoods, vaulted and trey ceilings, two living areas, and a large kitchen with extended breakfast bar. The screened-in back patio-wired for sound-overlooks the property and is perfect for relaxing. The primary suite opens directly to this peaceful outdoor retreat. Plenty of storage, natural wood cabinetry, and ensuite baths round out the home. Just minutes from downtown Stephenville with quick access to I-20. Don't miss this fantastic opportunity, call today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | Relisted | $995,000 | |
| Relisted | |||
| Oct 31, 2025 | No longer available | - | |
| No longer available | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017