000 County Road 392
Stephenville, TX 76401
Listing courtesy of Kasey Mock, Keller Williams Brazos West
About this home
This beautiful income producing property is available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, with additional frontage on CR 383, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional ranch include a 3,200 sqft custom home, 1,800 sqft guest house, 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes, 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena. The ranch is complete with cattle working pens, 60x100' hay barn, equipment barn, and workshop with hydraulic lift. Additionally, there are multiple ponds, a swimming area with slide, rope swing and zip line. Do you fly? This ranch has a private 1,500 ft. airstrip to conveniently fly in and out with ease. There are multiple opportunities to consider with this unique property. As a family ranch, it is one of the nicest around. As an investment, it offers cashflow to offset the cost of the ranch. **The sellers WOULD SELL JUST The Rental houses and 17 acres alone. Contact our team for additional information and details. A full packet is available upon request to Brokers, Agents and qualified buyers.
Schools
- Elementary
- Linglevill
- Middle
- Linglevill
- High
- Linglevill
School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.
Property details
- MLS #
- 20955350
- Property Type
- ResidentialIncome
- Status
- Active
- County
- Erath
- Subdivision
- Wilson
- Lot Size
- 93.50 acres
- HOA Dues
- None
- Days on Market
- 268 days
- Listed
- Jun 3, 2025
- Price per Sqft
- $241
Estimate your monthly payment
Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.
- Principal & interest
- $25,654
- Property taxes (est.)
- $7,230
- Homeowner's insurance (est.)
- $1,406
Based on a 30-year fixed loan. Talk to a lender for an accurate quote.
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