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$3,799,000 -$96,000 (-2.46%) Price Reduced
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Property Description
69-acre Texas ranch is purpose-built for buyers seeking horse property, cutting horse land, and equestrian-ready acreage in North Texas. Fully cross-fenced with usable pasture and a functional layout, this property is ideal for cutting horse training, cattle work, and performance horse operations-while still offering luxury living. The land supports immediate use with a barn and attached pens, multiple pastures, and four water wells, providing the infrastructure serious equestrian buyers look for. The layout allows for seamless addition of an arena, round pen, covered barn, or expanded training facilities, making it a strong fit for trainers, competitors, or buyers building a custom equestrian program. Whether you're working cattle, riding daily, or developing a private horse facility, this property delivers versatility, scale, and long-term value. The 6,000+ sq ft estate home offers 5 bedrooms, 7 bathrooms, and a private guest house-ideal for owners, staff, or visiting clients. Interior features include Control4 smart home technology, a chef's kitchen, wet and dry bars, gas fireplace, and dedicated office spaces-blending high-end living with ranch functionality. Outdoor amenities include a heated pool and spa, outdoor kitchen, ponds, and expansive Texas views-creating a balanced lifestyle for both work and relaxation. For buyers searching Texas ranches for sale, cutting horse properties, equestrian land near Fort Worth, or horse-friendly acreage with development potential, this property stands apart with its location, infrastructure, and ability to scale into a premier equestrian facility.
Full Property Details
Full Property Details for 15313 Margarita Ct
General
- Price: $3,799,000
- Taxes: $11,288
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 20969211
- Updated: 5/14/2026
- Added to Site: 321 day(s) ago
Interior
- Interior Features: Wet Bar, Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Multiple Master Suites, Smart Home, Cable TV, Vaulted Ceiling(s), Wired for Data, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Gas, Living Room, Outside, Wood Burning
- Appliances: Built-In Refrigerator, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Water Softener, Tankless Water Heater, Wine Cooler
- Flooring: Carpet, Cork, Concrete
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Pool Description: In Ground, Outdoor Pool, Pool
- Security/Safety: Prewired, Security System, Fire Alarm
Exterior
- Exterior Features: Gas Grill, Outdoor Grill, Outdoor Kitchen, Outdoor Shower
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Parking Features: Concrete, Driveway, Electric Gate, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Garage Faces Side, Storage
Location
- County: Hood
- Subdivision: Old Wd Ranch Ph I Sec D
- Driving Directions: Hwy 20 to Dennis Rd go south on Dennis Rd for 5.5 miles turn left on 1189 go 16 miles turn right on FM 4 E Lipan Dr, go .2 miles to 1189 S Caddo St. next go 1.4 Star Hollow Rd., go 1.2 miles turn right on Boswell Ct, next go 1.2 miles turn right on Margarita Ct. go .2 miles turn left into driveway
School Information
- Elem School District: Lipan ISD
- Midd School District: Lipan ISD
- High School District: Lipan ISD
- Elementary School: Lipan
- Middle School: Lipan
- High School: Lipan
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Septic Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Modern, Farmhouse
- Structure Type: House
- Detached/Attached: Detached
- Construction: Board & Batten Siding
- Roof: Composition
- Stories/Levels: 2
- Living Area: 6,106 Sq. Ft.
- Current Bldg. Use: Cattle, Pasture
- Year Built: 2021
Additional Structures
- Other Structures: Guest House, Shed(s), Barn(s)
Lot Features
- Lot Size (Acres): 69
- Lot Size (Sq. Ft.): 3,005,640
- Lot Features: Acreage
- Potential Use: Cattle
- Fencing (Description): Cross Fenced, Fenced, Metal, Pipe
Horse Property
- Horse Facility Desc.: Barn
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $11,288
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ACRES: 1.000 SUBD: OLD WD RANCH PH I SEC D TR
- Exclusions: Window dressings in primary bedroom and downstairs secondary bedroom
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: R000107599
Listed by Briggs Freeman Sotheby's Int'l, Joseph Romero and Briggs Freeman Sothebys Intl, Kayla Roberts
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Schools
Schools serving 15313 Margarita Ct
School District:Lipan Independent School District
| Name | Grades | Distance |
|---|---|---|
Lipan Elementary School 211 North Kickapoo Street, Lipan, TX 76462 | PK-6 | 3.5 mi |
Lipan High School 211 North Kickapoo Street, Lipan, TX 76462 | 7-12 | 3.5 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 15313 Margarita Ct
Date
Details
Price
Change
Source
5/14/2026
Price Reduced
$3,799,000
-2.46%
MLS
3/18/2026
Price Reduced
$3,895,000
-2.62%
MLS
10/25/2025
Price Reduced
$3,999,999
-8.47%
MLS
9/30/2025
Price Reduced
$4,370,000
-0.57%
MLS
6/27/2025
Listed
$4,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15313 Margarita Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,737
29%
-100%
2023
$10,675
297%
$861,950
415%
2022
$2,690
—
$167,470
—
Disclaimer: Historical tax 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 15313 Margarita Ct
Want to learn more about 15313 Margarita Court? Do you have questions about finding other Farm real estate for sale in Lipan? You can browse all Lipan real estate or contact a Coldwell Banker agent to request more information.

