Land with Home for Sale in Alva, Oklahoma

LOCATION, FUNCTIONALITY & THE EQUESTRIAN LIFESTYLE! Situated on approximately 5 acres just outside of Alva, Oklahoma, this thoughtfully designed horse property is located approximately ONE MILE from Northwestern Oklahoma State University's rodeo facilities and just minutes from the new Salt Fork Event Center! Built in 1976, the 1,435 SF brick home offers 2 bedrooms, 2 bathrooms, a living area with a masonry wood-burning fireplace, formal dining area, and a kitchen featuring an island, granite countertops, ample cabinetry, and an adjoining breakfast area. Additional highlights include granite countertops throughout, tile flooring, updated windows, a jetted soaking tub, walk-in tile shower, generous closet storage, and a separate laundry room with utility sink and cabinetry. All kitchen appliances, plus the washer and dryer convey with the property. Recent improvements include new soffits and fascia, along with central heat and air updated in 2020. Outside is where this property really shines! The 40x48 metal-frame horse barn features electricity, a 4-inch concrete floor, and FOUR covered 12x40 pipe horse runs, each equipped with heated Ritchie automatic waterers. Five horse turnouts are thoughtfully arranged with convenient alleyway access, 4x4 mesh fencing with electric wire along the top, and a shared lean-to providing additional shelter. Buried PEX water lines and hydrants serve portions of the horse facilities. Additional improvements include a detached two-car metal garage/shop with a 30-amp electrical plug, circular driveway with room for trailer access, mature trees, and a storm cellar. The all-electric home is serviced by rural water and a septic system that was pumped in 2026. The layout makes excellent use of the acreage, with potential space for a future riding arena, subject to buyer verification. Whether you're involved in collegiate rodeo, enjoy recreational riding, or simply want the convenience of keeping your horses at home, this property offers an established equine setup in a fantastic location near Alva's rodeo and equestrian community!