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.