This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/39
$3,995,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/39
Property Description
Now offered for Sale in Erath County, the Fraze Ranch once know as Home of Freckles Playboy brings functionality with all the amenity's of a working ranch. Designed on 92 acres with some of the best views and trees you'll find is a rare! Currently a show lamb facility but with little effort it will easily convert over to Equine. Equipped with multiple barns, large turnout pens, easy rotation, and set up for a one man show. The home offers todays modern charm and yesterdays uniqueness thru used material from old structures of the past. A full wrap around porch and stunning rock accents for flowerbeds, columns, and landscaping bring in the finishing touch. Thoughtfully designed pool and play area to host family gatherings and to entertain and flow with the type of property it sits on. Darling full bunkhouse, additional MH, and large packaging office. Features of the barns include a 6 stall buck barn, massive 16 stall show barn with split gates, holding barn, and a separate vet lab area. Both barn are set up with heating units and fans throughout, automatic waters, and spray foam insulation. You will appreciate the details of this ranch which shows how well it is maintained and well kept, the improved pasture, and layout. Several directions to go with this property rather it be equine, sheep, or show cattle. The opportunity is endless!
Full Property Details
Full Property Details for 24183 S US 281
General
- Price: $3,995,000
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21265000
- Updated: 5/9/2026
- Added to Site: Today
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Pantry, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Stone, Wood Burning
- Appliances: Double Oven, Dishwasher, Disposal, Gas Range, Water Softener, Water Purifier
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry in Utility Room
Additional Information
- Pool: Yes
- Pool Description: Gunite, Pool
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Playground, Rain Gutters, RV Hookup
- Porch/Patio/Deck: Wrap Around, Covered
Parking
- Carports: Yes
- Carport Spaces: 4
- Covered Spaces: 4
- Parking Features: Attached Carport, Oversized
Location
- County: Erath
- Subdivision: no
- Driving Directions: GPS Friendly
School Information
- Elem School District: Stephenville ISD
- Midd School District: Stephenville ISD
- High School District: Stephenville ISD
- Elementary School: Central
- High School: Stephenvil
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Electricity Available, Overhead Utilities, Septic Available, Underground Utilities, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached, Farmhouse
- Structure Type: Apartment, House
- Detached/Attached: Detached
- Construction: Metal Siding, Rock, Stone, Wood Siding
- Roof: Metal
- Windows: Bay Window(s)
- Stories/Levels: 1
- Living Area: 2,160 Sq. Ft.
- Current Bldg. Use: Agricultural, Cattle, Grazing, Livestock, Multi-Family, Pasture, Ranch, Residential, Single Family
- Year Built: 1999
Additional Structures
- Other Structures: Bunkhouse, Corral(s), Mobile Home, Outbuilding, Other, Residence, RV/Boat Storage, Shed(s), Storage, Workshop, Barn(s), Stable(s)
Lot Features
- Lot Size (Acres): 92.81
- Lot Size (Sq. Ft.): 4,042,803.6
- Frontage: State Road, Gravel
- Lot Features: Acreage, Agricultural, Hardwood Trees, Pasture, Pond on Lot, Many Trees
- Potential Use: Agricultural, Cattle, Grazing, Horses, Livestock, Multi-Family
- Fencing (Description): Cross Fenced, Fenced, Pipe
Horse Property
- Horse Facility Desc.: Barn, Hay Storage, Loafing Shed, Stock Pen(s), Tack Room, Wash Rack
Green Features
- Energy Efficient: Appliances
- Water Conservation: Water-Smart Landscaping
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Terms: Cash, Conventional, 1031 Exchange, Federal Land Bank
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Exclusions: All personal belongings, feeders, portable panels, all creep gates, fuel tanks, cattle chute, sheep working tubs, and all equipment
- Property ID: R000021509
- Lot Number: 92.81
Listed by Texas Proud Real Estate Llc, Sissy Herring
Get Pre-Approved Today
Schools
Schools serving 24183 S US 281
School District:Stephenville Independent School District
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Stephenville, TX 780 West Washington Street, Stephenville, TX 76401 | PK-K | 12.7 mi |
Hook Elementary School 1067 West Jones Street, Stephenville, TX 76401 | 3-4 | 13.2 mi |
Chamberlin Elementary School 1601 West Frey, Stephenville, TX 76401 | 1-2 | 13.4 mi |
Henderson Junior High School 2798 West Frey, Stephenville, TX 76401 | 7-8 | 13.4 mi |
Stephenville High School 2650 West Overhill Drive, Stephenville, TX 76401 | 9-12 | 13.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24183 S US 281
Date
Details
Price
Change
Source
5/08/2026
Listed
$3,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 24183 S US 281
Want to learn more about 24183 S US 281? Do you have questions about finding other Farm real estate for sale in Hico? You can browse all Hico real estate or contact a Coldwell Banker agent to request more information.

