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Agricultural Land with Home for Sale in Lipan, Texas

17939 N FM 1189, Lipan, TX 76462

$4,250,000
123 acres
Active
$250k drop
Est $26,597/mo

Income producing Equestrian and Cattle Property in the heart of cowboy country with multiple residences, two large homes, one apartment, and a four bed four bath bunkhouse. Covered arena, 37 stalls, outdoor arena, and working cattle pens. Previous home to Kasen York Performance Horses. This premier equestrian property spanning 123+- acres, just one hour west of Fort Worth. Perfectly blending residential comfort with professional grade equestrian and cattle facilities, this property offers an exceptional opportunity for horse enthusiasts or professional trainers. Residential features include two recently updated homes, ideal for hosting guests, accommodating staff, or enjoying your own private living quarters, new apartment with one bedroom 1.5 bath, bunkhouse with four private rooms and laundry. Equestrian facilities include two Barns with 37 total stalls, additional pens and traps, cattle lanes, outdoor 150 ft octagon arena, covered arena 120x250, new 8 horse walker covered, restroom, and washroom, perfect for hosting events or competitions. Additional features, equipment barn-hay and large shop for secure storage. RV hookups. Two ponds adding both natural beauty and functionality to the property. This property is more than a ranch--it's a fully equipped equestrian paradise with endless potential. Whether you're looking to host events, train professionally, or enjoy a private retreat, this property delivers the perfect balance of lifestyle and functionality. All ranch equipment negotiable; cab tractor, arena drag, skidsteer, two side by side atv's, and manure spreader.

2,654
Sq feet
3
Beds
2
Full baths
1
1/2 bath
1978
Built

Location

Street address
17939 N FM 1189
Elevation
820 feet
Coordinates
32.4892, -98.0611

Property details

Acreage
123 acres
MLS #
NTREIS 20860895
Posted

Parcels

  • R000074695

Resources

Details and features

Listing

Type
Residential
Subtype
Farm

Exterior

Fencing
Fenced
Structures
Barn(s), Stable(s), Storage
Features
Fence, RV Hookup, Stable/Barn

Structure

Style
Ranch
Stories
1
Heating
Electric, Fireplace(s)
Materials
Brick, Stone
Roof
Metal

Interior

Rooms
Bathroom x 3, Bedroom x 3
Flooring
Carpet, Laminate
Appliances
Dishwasher, Microwave, Range, Refrigerator, Washer
Features
Eat-In Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry

Nearby schools

NameLevelDistrictDescription
LipanElementary

Listing history

DateEventPriceChangeSource
Nov 20, 2025Price drop$4,250,000$250,000 -5.6%NTREIS
Aug 16, 2025Price drop$4,500,000$300,000 -6.3%NTREIS
May 15, 2025Relisted$4,800,000NTREIS
Apr 23, 2025Listing removed$4,800,000Listing agent
Mar 16, 2025New listing$4,800,000NTREIS
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This 123-acre property is located at 17939 N FM 1189 in Lipan, TX 76462. The property is available for sale for $4,250,000. It has a 2,654 sq ft 3 bedroom, 2 bath house built in 1978.

Checked 1 hour ago — Updated

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