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$999,900
21222791 MLS
* 2.0 Acre Multi-Family Development Site * 3-Street Frontage * Short Walk to TSU Location: 10-Minute Walk to Tarleton State University Campus Zoning: R3 (Single or Multi-Family Residential) Utilities: Electric, Water, and Sewer Services Available On-Site The Opportunity: Seize a rare, shovel-ready development opportunity in the heart of Stephenville, Texas. This prime 2.0 acre tract consists of four 0.5+or- acre lots, offering unparalleled flexibility for a high-density residential project. Positioned just blocks from Tarleton State, this is the premier location for student housing, an apartment complex, or a luxury townhome community. Strategic Advantages: Superior Accessibility: This is a rare opportunity with convenient street access on three sides, allowing for creative site plans, optimized parking layouts, and easy ingress-egress. High-Density Potential: Currently zoned R3, the land supports diverse construction possibilities from single-family homes to high-occupancy multi-family units. Infrastructure Ready: Save time and capital—Electric, City Water, and Sewer services are already available, significantly lowering your pre-development hurdles. Market Demand: Situated in one of Stephenville's most sought-after pockets, capturing the consistent demand for housing near the university. Whether you are looking to build a single residence multi-unit complex or a high-end residential enclave, the layout and size of this property allow for maximum creativity and ROI. Invest in Stephenville’s growth now! Contact us today for site details.

955 N Ollie St, Stephenville

$449,000
3 Beds 2 Baths 21220945 MLS
An open, bright and welcoming split-floorplan invites you into this 2022 built, upscale home, perched on a cleared and landscaped hill in Mountain Lakes Ranch. Expansive regional views from the Living Room, Office, Primary Bedroom. Abundant cabinetry with a classic farm sink inset in the large island Kitchen with an adjacent walk-in Pantry. A handsome woodburning brick fireplace with hearth and mantle highlights the Living Room. Vaulted and tray ceilings showcase the open feel in the Living Room and Primary Suite. A large 11 x 11 Office is just off the entryway. The oversized laundry room, with sink, has dual access into the main home and into the backside of the Primary walk-in closet. Oversized garage is 27 feet deep. Low maintenance landscaping in the rear yard can be transformed into a stair-stepped amphitheater of plants and flowers or let your imagination run wild. Easy care front yard with open, vibrant views from the large front porch. Mountain Lakes is an upscale subdivision with two lakes for fishing and boating. The community has RV parking-storage, private RV camping, a community pool, clubhouse, park and playground. It is located midway between Granbury and Stephenville. Granbury is known for its tourism and boating. Stephenville is home to the exploding Tartleton St. Univ and the Cowboy capitol of Texas. Bluff Dale and neighboring Tolar host multiple well-known eateries and an historic pub.

1445 Lakeside Dr, Bluff Dale

$249,000
21210579 MLS
18.68 acres, this property offers a unique blend of accessibility and seclusion. Boasting approximately 865 feet of road frontage, the land is easily accessible while maintaining a sense of privacy. The perimeter is secured with robust fencing and a pipe entrance, ensuring both security and aesthetic appeal. The property features majestic views, providing a stunning backdrop for any building project. Multiple secluded building sites are scattered throughout the acreage, offering flexibility in designing your dream home. A harmonious mix of native grasses and trees creates a diverse and appealing landscape. The open acreage is ideal for various outdoor activities. The property is well-suited for hunting, offering a haven for wildlife and outdoor enthusiasts. Conveniently located a short distance from Dublin, the property combines rural tranquility with easy access to urban amenities. Its proximity to FM. 219 ensures a smooth commute and connectivity to surrounding areas. This location offers the best of both worlds: the peace of country living and the convenience of city access.

Tbd County Road 317, Dublin

$589,000
3 Beds 2 Baths 21206649 MLS
10-acre horse property located just outside Stephenville, approximately 6.8 miles from downtown Stephenville and 5.2 miles from 377 Arena. The 3-bedroom, 2-bath brick home offers approximately 2,190 square feet with an open floor plan that includes two living areas anchored by a wood-burning fireplace, with the dining area located just off the kitchen. Flooring has been updated throughout the home, with brand new flooring in the bedrooms, and additional interior updates include fresh paint, new ceiling fans, updated door hardware, a remodeled hall bathroom, and a new dishwasher. The home also includes a large laundry room and a dedicated office space. A covered back patio overlooks the horse pasture and connects to a large fenced backyard, providing comfortable outdoor space for relaxing or entertaining. Horse improvements include a roughly 35x60 barn with four stalls with turnout into a pasture, along with a large tack and feed room running along one side of the barn and an additional storage area. Water lines, electricity, and lighting have been added, and a 16-foot covered area provides space for trailer or RV parking with a 30-amp plug. A roughly 120x200 open riding arena provides space for riding or training. The acreage is mostly flat with native grasses and a mix of cedar and hardwood trees, with more open pasture toward the back of the property. The property has direct frontage on FM 205 with a gravel drive providing access from the road. The home operates on well water and septic and features all-electric appliances, offering a rural setting while remaining convenient to Stephenville.

10849 Fm 205, Stephenville

$475,000
3 Beds 2 Baths 21194063 MLS
Step into the charm of this beautifully preserved Victorian Art Deco treasure in the heart of Stephenville Texas, Erath County. This pristine historic home showcases lovingly maintained original details, from elegant, scrolled plaster ceilings and classic trim to antique doorknobs and rich hardwood floors that carry the character of the home throughout. The kitchen is thoughtfully arranged for efficient use, while the dining room features plush, textured walls that create an intimate, timeless atmosphere. A cozy office-den with a built-in desk and daybed offers flexibility as a potential fourth bedroom. Just off the living room, an additional bonus room provides the perfect spot for crafting, hobbies, or extra storage. The property also includes a charming two-story carriage garage and a remodeled studio cottage complete with its own kitchen, utility closet with washer and dryer, and full bathroom. The cottage is currently leased through September 30, 2026, offering immediate income potential. Set on a generous, beautifully landscaped lot, the grounds feature mature shade trees, a sprinkler system, two inviting outdoor patios, and a firepit ideal for gatherings. Freshly painted exterior adds to the home’s polished curb appeal. Located just blocks from the Stephenville Town Square, you’ll enjoy easy access to local shopping, restaurants, coffee shops, art galleries, the city park, Bosque River Trail, and Tarleton State University. Zoned Commercial B-3 Business Central District, this property offers both residential charm and business opportunity. Original documents trace its history back to 1891, making it a truly special piece of Stephenville’s past.

330 E Mcneill St, Stephenville

$620,000
9 Beds 3 Baths 21174858 MLS
Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!

1425, 1435, 420 Groesbeck & Lillian, Stephenville

$6,000,000
21143384 MLS
LONE STAR ARENA IN STEPHENVILLE, TX WITH 135.43 ACRES OF PRIME COMMERCIAL PROPERTY FOR SALE!! With this multi-purpose arena & event center, that offers roughly 150,000 sq ft under roof, and another 57,000 +- sq ft covered area, and 2 entrances, the POSSIBILITIES ARE ENDLESS! Also known as Lone Star Arena, this commercial property is located in Stephenville, TX. Known for a City of Champions, Tarleton State University and is the home to many professional Cowboys and Cowgirls. A prime, convenient business location with highway frontage and traffic in a fast-growing community. The exceptional visibility from HWY 377 has allowed this commercial real estate to become a highly sought out event center (big & small) from all over the world! Seats close to 3,000 spectators. Some features include: 2 separate indoor arenas (under 1 roof), 7 renovated skyboxes, 110 RV hookups, 344 stalls, 8 big ass fans, plenty of parking, a Private Club and so much more! **ADDITIONAL OPTIONS TO PURCHASE - SEE LISTING AGENT

4696-A N Hwy 377, Stephenville

$4,700,000
21143386 MLS
Welcome to the Cowboy Capital of the World! This PRIME COMMERCIAL PROPERTY FOR SALE IN ERATH COUNTY!!! With this multi-purpose arena & event center, that offers roughly 150,000 sq ft under roof, and another 57,000 +- sq ft covered area, and 2 entrances, the POSSIBILITIES ARE ENDLESS! Also known as Lone Star Arena, this commercial property is located in Stephenville, TX. Known for a City of Champions, Tarleton State University and is the home to many professional Cowboys and Cowgirls. A prime, convenient business location with highway frontage and traffic in a fast-growing community. The exceptional visibility from HWY 377 has allowed this commercial real estate to become a highly sought out event center (big & small) from all over the world! Seats close to 3,000 spectators. Some features include: 2 separate indoor arenas (under 1 roof), 7 renovated skyboxes, 110 RV hookups, 344 stalls, 8 big ass fans, plenty of parking, a Private Club and so much more! **MORE ACREAGE AVAILABLE **

4696 N Us Highway 377, Stephenville

$6,750,000
21143379 MLS
THE WHOLE LONE STAR ARENA PACKAGE! 146.43 ACRES OF PRIME COMMERCIAL PROPERTY FOR SALE!!! This property comes with 146.43 acres and TWO houses! A Brick home, and apartment with an additional horse barn! The main living quarters is 2,540 sqft 3bd 2ba with 2 living areas. Other house is 1bd 1ba. You could live in the main house and rent the other one or use them both as an Airbnb! The possibilities are endless! Lone Star Arena, this commercial property is located in Stephenville, TX. Known for a City of Champions, Tarleton State University and is the home to many professional Cowboys and Cowgirls. The exceptional visibility from HWY 377 has allowed this commercial real estate to become a highly sought out event center (big & small) from all over the world! Seats close to 3,000 spectators. Some features include: 2 separate indoor arenas (under 1 roof), 7 renovated skyboxes, 110 RV hookups, 344 stalls, 8 big ass fans, plenty of parking, a Private Club and so much more! Income producing opportunity: Residential property currently has a lease until June 30, 2027

4696-B N Hwy 377, Stephenville

$1,650,000
4 Beds 3 Baths 21137302 MLS
This unique 24.6+- acre property seamlessly blends custom living with top-tier equestrian amenities. The 2,900+- s ft home features four bedrooms, three bathrooms, and two spacious living areas, enhanced by custom oak doors and striking custom chandeliers throughout. Outdoor living is elevated with a pool, waterfall hot tub, and a covered rock outdoor cooking area, perfect for entertaining. An in-ground propane tank runs the grill, hot tub, and pool. Designed with horse owners in mind, the property includes four cross-fenced pastures, three ponds, three large turnout shelters, and two pipe water lots. The equestrian facilities are anchored by a 150 ft x 300 ft pipe arena with pens, a Priefert solar chute, adjustable head box, and a four horse programmable free flow panel walker. The 25 ft by 30 ft insulated, finished, and heated shop features shed-row style stalls (three total) and one pen, offering both functionality and convenience. A rare opportunity to own a well appointed home with thoughtfully designed facilities, ideal for seeking comfort, privacy, and performance in one impressive property.

7690 County Road 417, Stephenville

$539,000
3 Beds 3 Baths 21108828 MLS
LAKE FRONT HOME! An impeccable combination of excellent construction, beautiful architecture, an open floor plan boasting windows across the back for a stunning lake view, all define this amazing Mountain Lakes home. This home is a perfect blend of luxury and relaxation with an excellent view and good lake frontage for fishing, having a wiener roast, or just gazing at the stars. This home has a sunroom on the back, 2 bedrooms, an office (or 3rd bedroom), 2.5 baths, soaring ceilings, beautiful granite, and more. This is one of those homes that definitely has the look of “custom” all over it. The 1-acre lot is tiered into sections going down to the water. This one will not disappoint. Ready for its new owner!

6525 Compass Way, Bluff Dale

$175,000
2 Beds 2 Baths 21098601 MLS
Nestled a few miles outside of town, this older ranch-style home offers a cozy retreat on just under half an acre. The residence features two bedrooms and one and a half baths, providing comfortable living spaces with a touch of classic charm. Inside, you'll find two distinct living areas, perfect for both relaxation and entertaining. While the home is in need of some updates and TLC, it boasts great bones and a solid structure, offering a fantastic opportunity for customization and value appreciation. The layout offers flexibility for various activities, ensuring everyone has their own space to enjoy. The property's location balances the tranquility of rural living with convenient access to town amenities. This home presents a wonderful opportunity to embrace a simpler lifestyle in a peaceful setting. Thi

7170 N State Highway 108, Stephenville

$365,000
3 Beds 2 Baths 21050620 MLS
Discover the perfect blend of modern updates and timeless features at 1407 Inglewood Dr. This well-maintained 1,632 sqft home offers three spacious bedrooms and two full bathrooms, ideal for comfortable family living. The heart of the home is the living room featuring a cozy wood burning fireplace, creating a warm and welcoming atmosphere for relaxing evenings. The kitchen features granite countertops, providing both style and durability for everyday cooking and entertaining. Recent upgrades include a new AC unit and hot water heater, both installed in 2024, ensuring year-round comfort and efficiency. Step outside to a private backyard oasis with a heated pool, complete with a secure fence and cover for safety and convenience. A two-car garage offers ample parking and storage space. Located in a quiet, convenient neighborhood, this home provides easy access to local amenities, schools, and shopping.

1407 Inglewood Dr, Stephenville

$260,000
4 Beds 2 Baths 21037697 MLS
Charming 1940s Home with Modern Updates: This delightful 4-bedroom, 2-bath home offers a perfect blend of vintage charm and contemporary convenience. Boasting 1,256 sqft of living space, this home has been renovated to meet today's standards while retaining its original character. Set on a generous 0.459-acre lot on the outskirts of town, the property provides a peaceful retreat with ample space for outdoor activities and play. Inside, you'll find a thoughtfully updated interior with modern fixtures and finishes. The spacious layout includes four bedrooms, providing plenty of room for family and guests. With its blend of classic appeal and modern updates, this home is ready for you to move in and make it your own. This home would also make a great investment. Currently rented on a month to month basis.

409 Morgan Mill Rd, Stephenville

$4,000,000
21035008 MLS
Premier development opportunity at 3050 W Washington Street, one of the most visible and heavily traveled corridors in Stephenville, Texas. This exceptional 26+ acre tract boasts extensive frontage along Washington Street (US Highway 377), supported by some of the highest TxDOT traffic counts within city limits. Utilities are already on site, allowing for efficient and timely development. The property is currently zoned B-2, accommodating a wide range of high-demand commercial uses including retail, restaurants, hotels, banks, churches, medical, and service-oriented businesses. With strong visibility, easy access, and a central location, the site is ideally positioned for destination and daily-use development alike. Stephenville—known as the “Cowboy Capital of the World”—serves as the regional hub for Erath County and surrounding communities. Anchored by Tarleton State University, the city continues to experience sustained population growth, expanding enrollment, and increasing consumer demand. The local economy is diversified across education, healthcare, agriculture, and retail, making Stephenville a stable and attractive market for long-term investment. The rear portion of the property offers an additional value-add opportunity and would be well-suited for future residential development, subject to rezoning—creating potential for a mixed-use project in a growing corridor. This is a rare opportunity to secure a large-scale, high-visibility development site in one of North Central Texas’ most active and expanding markets.

3050 W Washington, Stephenville

$153,692
21020608 MLS
Take Advantage of Owner Financing with a 3.5% rate and only 10% down payment! Looking for land right outside of town? You're only 6 minutes to Stephenville! Bring your vision to life! Build your custom home or Barndominiums are welcome! Discover a remarkable 6+ acre tract ideal for equestrian enthusiasts and livestock owners alike. Property is AG Exempt for lower taxes! This pristine property boasts excellent soils, perfect for grazing and cultivation, and features a serene creek that runs alongside the land, enhancing its natural beauty. Towering established hardwoods provide shade and privacy, creating a tranquil setting for your dream home, barns, or an arena. There's also a community center you will have access to! With close proximity to Stephenville and Tarleton State University, you’ll enjoy the best of rural living while maintaining convenient access to urban amenities and educational opportunities. Whether you envision a sprawling ranch or a peaceful retreat, this versatile land offers endless possibilities. Bring your horses, cattle, and livestock or just enjoy having your own space. Don’t miss your chance to own this expansive oasis – your rural paradise awaits!

Lot 5 County Road 380, Dublin

$355,000
4 Beds 2 Baths 21010051 MLS
Space. Flexibility. Location. Welcome to 810 Alexander Street, where comfort, versatility, and investment potential come together in one of Stephenville's most convenient locations. Just minutes from Tarleton State University, this 4-bedroom home with a flexible bonus living area offers the space today's buyers need and the location investors want. Whether you're searching for your next family home, housing for a Tarleton student, or a property with long-term or short-term rental potential (subject to local regulations), this home offers endless possibilities. The bonus room with its walk-in closet can easily serve as a fifth bedroom, home office, playroom, or guest suite. Inside, you'll appreciate the open-concept layout featuring granite countertops, a kitchen island, decorative lighting, generous walk-in closets, and abundant storage. Every space has been designed with everyday living and entertaining in mind. Outside, this property truly stands apart. Situated on a spacious corner lot, the property extends beyond the existing backyard fence, providing additional room for future expansion, outdoor living, gardening, or simply extra space to enjoy. Location matters—and this home delivers. With easy access to Tarleton State University, shopping, restaurants, and everything Stephenville has to offer, this is a rare opportunity to own a home that offers flexibility today and value for years to come. Schedule your private showing today and see why 810 Alexander Street is the opportunity you've been waiting for.

810 Alexander Rd, Stephenville

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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