24860 N US Highway 281
Stephenville, TX, 76401
$3,100,000
4 Beds
4 Baths
3,632 SqFt
71.5 Acres
MLS #21363565 image #0

Location

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.

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

Property Details

Price:
$3,100,000
MLS #:
21363565
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Subtype:
Farm/Ranch
Listed Date:
Aug 19, 2026
Finished Sq Ft:
3,632
Lot Size:
3,114,540 sqft / 71.50 acres (approx)
Year Built:
1997
PoolMorgan Mill IsdMorgan MillMorgan MillMorgan Mill

Schools

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

Interior

Bathrooms Full
4
Cooling
Central Air
Fireplace Features
Wood Burning
Fireplaces Total
1
Heating
Central
Interior Features
Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Other, Vaulted Ceiling(s)
Number Of Living Areas
2

Exterior

Carport Spaces
2
Construction Materials
Rock/Stone, Siding
Exterior Features
Covered Patio/Porch, Lighting, Stable/Barn, Storage
Fencing
Barbed Wire, Cross Fenced, Fenced, Gate, Pipe
Lot Size Area
71.5000
Number Of Residences
2
Number Of Tanks And Ponds
1
Pool Features
Gunite, In Ground

Financial

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.

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Market Summary

Current real estate data for Single Family in Stephenville as of Sep 25, 2026
203
Single Family Listed
126
Avg DOM
319
Avg $ / SqFt
$706,234
Avg List Price

Property Summary

    24860 N US Highway 281 Stephenville TX is a Single Family for sale in Stephenville, TX, 76401. It is listed for $3,100,000 and features 4 beds, 4 baths, and has approximately 3,632 square feet of living space, and was originally constructed in 1997. The current price per square foot is $854. The average price per square foot for Single Family listings in Stephenville is $319. The average listing price for Single Family in Stephenville is $706,234. To schedule a showing of MLS#21363565 at 24860 N US Highway 281 in Stephenville, TX, contact your Aaron Layman Properties agent at 940-209-2100.
24860 N US Highway 281
Stephenville, TX