TBD Tr 4 US HWY 281
About This Property
Take a look at this 67.334 acres of this premium Texas countryside located about 3.5 miles from Stephenville. If you've been searching for the perfect recreational or hunting property, this one checks all the boxes. This property offers abundance deer and turkey along with plenty of hardwoods and native brush that provide excellent cover. You'll even find wild blackberries and grapes scattered throughout the property.
The acreage is fully fenced with brand new interior fencing and is ready for immediate use. There are a few stock tanks scattered around the property which just adds to the many locations for ground blinds, stands, feeders, etc. Sandy loam soil and gently rolling elevation add character and functionality as well. While the setting feels secluded and peaceful, you're just five minutes from the city limits, making convenience truly unmatched.
With access from Hwy 281, electricity runs along the lane to the property making it easy to install a meter for an RV, weekend cabin, or future homesite. The sandy ground also makes this an ideal setup for horses and the improved pasture can easily accommodate cattle or other livestock.
With a blend of open pasture and wooded areas, this property offers versatility and a true blank canvas for your vision whether that's a weekend getaway, horse property, or a private forever home.
Enjoy the privacy of country living without sacrificing quick access to Stephenville's schools, shopping, and community amenities. Opportunities like this don't come around often so come take a look!
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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 |
|---|---|---|---|
| Oct 27, 2026 | Price Decreased |
$999,000
↓ $146K
(12.7%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Keller Williams Brazos West | $1,144,678 | |
| Listed by Keller Williams Brazos West | |||
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Dec 21, 2023 | Listed by Trinity Country Real Estate | $199,000 | |
| Listed by Trinity Country Real Estate | |||
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Explore this remarkable 10+ - acre ranch just North of Mineral Wells in Palo Pinto County. It boasts lush native grass, scattered oak trees, and a stock pond perfect for fishing. With road frontage on Hwy 281 and Price Road, this property offers easy access. A water well is conveniently located at the front. Ideal for equine activities, it presents endless possibilities. Embrace the tranquility and create your country paradise amidst rolling hills and open skies. Experience the charm of rural living on this idyllic ranch.
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| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017