




$589,000
$599,999
10849 Fm 205, Stephenville, TX, 76401
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About this property
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.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Stephenville
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