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$3,100,000
71.5± Acres
Active
Erath County, TX
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24860 Us Highway 281, Stephenville, Texas

MLS ID: 21363565
Status: Active
Price: $3,100,000
Acres: 71.5±
Type: Farm, Land, Residential
Address: 24860 Us Highway 281
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.409385, -98.153932
Parcel Number: R000022060
Bedrooms: 4
Bathrooms: 4
SqFt: 3,632
Year Built: 1997

Description

In the heart of the Cowboy Capital of the World, this 71.5± acre horse property sits on US Highway 281 just north of Morgan Mill in Erath County, minutes from Stephenville and about an hour from the DFW metroplex. It is already set up and ready to go, so a buyer can bring their horses and rope with friends on move-in day.

About 65 acres are in coastal and cut for hay every year, producing hundreds of bales, and the property is ag exempt. Counts Creek runs through it for live water, with big pecan trees along the bottom and deer coming down to the creek in the evenings. There is also a stock tank full of catfish, bluegill, bass, and crappie. The pastures are fenced and cross fenced throughout.

The horse setup is built for anyone who rodeos. The lighted pipe arena has Priefert chutes, a calf lane, and sprinklers to keep the footing right. The main horse barn has 5 stalls and 4 runs, a wash bay, and tack room, with 6 more covered pens and runs alongside the arena. A large equipment and hay barn, additional storage building, and shop handle everything else. Trinity well producing 15 to 20 GPM and two 5,000-gallon holding tanks.

Two homes make room for family, guests, or help. The main home offers 4 bedrooms and 4 baths in about 2,800 square feet, remodeled in 2021, with a separate office across the carport. The 832-square-foot guest house has a back porch overlooking the arena and could easily bring in rental income. There is also a pool with a spa, diving board, and rock waterfall with outside grill area great for entertaining.

This is a place where the horse setup, productive ground, live water, and room for family all come together, without giving up quick access to Stephenville and DFW. Morgan Mill ISD.

Directions: see gps.

Additional Information

Interior

Appliances: Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal
Bathrooms Full: 4
Cooling (Yes/no): Yes
Cooling: Central Air
Fireplace Features: Wood Burning
Fireplace (Yes/no): Yes
Fireplaces Total: 1
Heating (Yes/no): Yes
Heating: Central
Interior Features: Eat In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Other, Vaulted Ceilings, Wired For Sound

Exterior

Architectural Style: Ranch, Detached, Farmhouse
Covered Spaces: 2
Exterior Features: Lighting, Storage
Fencing: Barbed Wire, Cross Fenced, Fenced, Gate, Pipe
Foundation Details: Slab
Horse Amenities: Barn, Loafing Shed, Tack Room, Arena
Lot Features: Acreage, Agricultural, Pasture, Pond On Lot, Few Trees
Lot Size Area: 72
Lot Size Square Feet: 3,114,540
Other Structures: Arena, Guest House, Barns, Stables
Parking Features: Attached Carport, Concrete, Driveway, Electric Gate
Patio and Porch Features: Covered
Pool Features: Gunite, In Ground, Pool
Property Attached: Yes
Roof: Metal
Stories: 1
Water Source: Well

Financial/HOA/Schools

Elementary School: Morgan Mill
Elementary School District: Morgan Mill ISD
Middle School: Morgan Mill
Middle School District: Morgan Mill ISD
High School: Morgan Mill
High School District: Morgan Mill ISD

Extra Information

Documents Available: Aerial

Maps

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of August 20, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: August 20, 2026 at 12:00:00 AM UTC

Listed By: Dylan Davis of Luxe West Realty