4620 County Road 279
About This Property
This exceptional 50-acre turnkey horse ranch just west of Stephenville has been completely remodeled and thoughtfully improved, offering an ideal blend of equestrian functionality, comfortable living, and peaceful country privacy. The property features three residences, making it perfect for owners, ranch hands, guests, or multigenerational living. The 1,800-square-foot main home offers 2 bedrooms and 2 baths with rustic ranch character and modern updates, including Cafe appliances, an open kitchen, soaring ceilings, and a fireplace. A separate 1,350-square-foot apartment adds flexible living space with its own kitchen and full laundry. Equestrian amenities include a barn with 9 stalls, Classic Equine waters, office, large tack room, and 3-stall wash rack with tie-ups. Seven turnouts are located off the barn, including 2 covered turnouts, plus 3 additional turnouts near the covered arena. The barn features a 650-square-foot apartment with a full bath, an upstairs loft, and a kitchenette. The property also features full cow-working facilities. Ride and work year-round with both indoor and outdoor arenas. The covered arena measures 120' x 150' overall with an 80' x 150' riding area, while the fully fenced outdoor arena measures 350' x 150'. Horse and cattle pens feature strategically designed traps funneling directly toward the barn for efficient handling and sorting. Multiple trailer hookups, including two 30-amp RV hookups, provide added convenience for training, events, and guests. Approximately 20 acres remain wooded, offering privacy, natural beauty, and excellent trail-riding potential. A rare opportunity to own a move-in-ready horse ranch with extensive equestrian improvements and peaceful country living just west of Stephenville.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
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| Aug 21, 2026 | Listed by Williams Trew Real Estate | $2,950,000 | |
| Listed by Williams Trew Real Estate | |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Oct 16, 2021 | Listed by PENNINGTON PREMIERE REAL ESTATE | $1,300,000 | |
| Listed by PENNINGTON PREMIERE REAL ESTATE | |||
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50 Acre Horse Ranch, roping arena, free stall walker, and 8 stall barn located on the westside of Stephenville. Designed for all the horse enthusiasts this Ranch offers an excellent producing coastal pasture, a great location close to town, and is very private. You'll love the spacious Rustic Ranch design, high ceilings, and great open kitchen. For the guests is a darling little bunk house with a full kitchen and living, bedroom, bathroom and utility. Multiple trailer hookups, office at barn and large tackroom. The back part of property is treed throughout offering cover for wildlife, trails to ride and shade for horse-cattle pens. Traps are designed to funnel to the barn. 2 tanks on the property. Come see!
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| May 17, 2021 | Sold | ||
| Sold | |||
| Mar 2, 2021 | Listed by Keller Williams Realty | $1,000,000 | |
| Listed by Keller Williams Realty | |||
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STEPHENVILLE TEXAS HOME ON 50 ACRES WITH 150X330 PIPE ROPING ARENA. Property is set up for events with enough room for parking, add more apartments for rental or make it your Equestrian Home. 2 bedroom 2 bath updated home with office and backyard patio. Home is great for entertaining friends with doors opening out to the back patio for cooking out. Horse barn set up for easy stalling or turning out has apartment, washroom, doctoring stocks, 12x30 tack room, 7 Stalls, 2 Foaling Stalls, 28x40 Hay room, 7 turn out pens, RV Hook up, round pen, walker, drive through and plenty of room in alley ways. Roping arena is set up with 3 cattle pens, working chutes, plenty gates and back pasture is heavily treed with trails.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017