NEW SURVEY!! Rare opportunity to own a beautiful historic farmhouse on 32 Ag-exempt unrestricted acres just minutes from Stephenville—the Cowboy Capital of the World! This house and outbuildings features a 2692 sqft, 3-bedroom, 2.5-bath Early American farmhouse that blends timeless character with modern improvements and features two wood-burning fireplaces, 2 spacious living areas, a basement, metal roof, and wraparound porches overlooking peaceful countryside views. The property includes multiple outbuildings including a 720 sqft bunkhouse and 4-stall barn with concrete alley, wash bay, feed area and tack room, covered parking high enough for an RV, a windmill, pond, cattle working pens, perimeter fencing, automatic gate, and open pasture. A major bonus is the property's existing subdivision configuration, you get 2 lots: 22 ac with house, and 10 ac land, each come with separate deeds, creating exceptional flexibility for a family compound, guest homes, multigenerational living, additional residences, or future investment opportunities. Flat usable acreage with mature trees and easy access off US Hwy 67. Located only minutes from Tarleton State University and approximately one hour from Fort Worth. An excellent opportunity to own a well-maintained piece of Texas countryside. Rarely do tracts in this location come available with quality pasture, accessibility, and the potential to create a premier horse or country property.