Discover the possibilities with this versatile ranch located on the north side of town near the Tarleton Rodeo Arena. This beautiful property offers space, productivity, and flexibility, perfect for a homestead, horse property, or investment opportunity. The main home features 3 bedrooms and 2 bathrooms with a living room and a separate family room, providing plenty of space for everyday living and entertaining. The home has fresh paint throughout, and a flooring allowance allows the new owner to customize the interior to their taste. Step outside to enjoy the private swimming pool and fenced yard. A second ranch-style home sits on the property as well, offering excellent potential as a rental, guest house, or multi-generational living space. The land is highly functional and productive, producing abundance of coastal hay and currently fenced and cross-fenced for cattle. With two water wells, sandy soil, and open pasture, the property is well suited for livestock or easily converted into an equine setup with room for a barn and arena. Additional highlights include: No restrictions, County road frontage on one side, Some floodplain located near the road, Sandy soil ideal for horses and livestock, and Beautiful setting in a desirable area The seller will consider dividing the land in half, offering flexibility for buyers looking for a smaller tract or investment opportunity. Whether you’re looking for an Investment, working ranch, horse property, or income-producing setup, this property offers location, usability, and endless potential just minutes from Stephenville.