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$6,500,000 -$200,000 (-2.99%) Price Reduced
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Property Description
Nestled in the rolling hills of Mineral Wells, this remarkable 69± acre estate combines refined luxury with the serenity of wide-open Texas ranch land. At its center stands a custom 6,114± square-foot residence, thoughtfully designed with five bedrooms, five full bathrooms, and two half-baths. Every detail has been carefully curated, blending rustic elegance with modern convenience. Inside, you'll find expansive living spaces anchored by a dramatic rock fireplace and soaring wood-beamed ceilings. The chef's kitchen is a true showpiece, featuring premium appliances, dual dishwashers, a spacious pantry, and a functional layout designed for both entertaining and everyday living. You'll love the butler's pantry that provides additional storage. A wall of windows brings the outdoors in, connecting seamlessly to the back patio and sparkling pool, where sweeping views of the surrounding countryside set the stage for unforgettable gatherings. The master suite is a private retreat, complete with its own stone fireplace, spa-inspired bathroom, and an oversized closet with custom finishes. Additional bedrooms are equally well-appointed, offering comfort and privacy for family and guests alike. Beyond the home, the ranch is built for both leisure and function. Rolling pastures, mature trees, and ample space provide endless opportunities for recreation, livestock, or hay production. There is a seasonal creek that run through the property. The property also features a 125' x 250' covered arena-perfect for any discipline, an 18-stall horse barn, and a Priefert walker, making it ideally suited for any equine needs. This estate offers a rare combination of luxury, seclusion, and versatility-just minutes from Mineral Wells and within easy reach of the DFW Metroplex. This house is a rare find! It was recently featured in the Cowgirl Magazine!
Full Property Details
Full Property Details for 501 Grimes Rd
General
- Price: $6,500,000
- Taxes: $21,574
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21057897
- Updated: 3/17/2026
- Added to Site: 160 day(s) ago
Interior
- Interior Features: Wet Bar, Built-in Features, Chandelier, Cathedral Ceiling(s), Dry Bar, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Loft, Open Floorplan, Pantry, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Living Room, Primary Bedroom, Outside
- Appliances: Double Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Some Commercial Grade, Vented Exhaust Fan, Warming Drawer, Wine Cooler
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Laundry in Utility Room
Additional Information
- Pool: Yes
- Pool Description: In Ground, Pool, Waterfall
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 5
- Parking Features: Additional Parking, Circular Driveway, Garage, Garage Door Opener
Location
- County: Parker
- Subdivision: T & P Rr Co Surv Abs #1541 Sec
- Driving Directions: Drive east on US-180. Turn right onto Grimes Road. Continue about half a mile – 501 Grimes Road will be on your right.
School Information
- Elem School District: Perrin-Whitt Cons ISD
- Midd School District: Perrin-Whitt Cons ISD
- High School District: Perrin-Whitt Cons ISD
- Elementary School: Perrin
- Middle School: Perrin
- High School: Perrin
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Septic Available, Water Available
Structural Information
- Architectural Style: Farmhouse
- Structure Type: House
- Detached/Attached: Attached
- Roof: Composition
- Stories/Levels: 1
- Living Area: 6,114 Sq. Ft.
- Current Bldg. Use: Agricultural, Cattle, Horses, Livestock, Pasture, Ranch, Residential, Single Family
- Year Built: 2019
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 69.89
- Lot Size (Sq. Ft.): 3,044,408.4
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Arena, Barn, Indoor Arena, Stock Pen(s), Stable(s), Tack Room, Wash Rack
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $21,574
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: ACRES: 1.000 TR: BLK: SURV: T & P R R CO
- Property ID: R000058620
Listed by Keller Williams Heritage West, Lane Cooper
Get Pre-Approved Today
Schools
Schools serving 501 Grimes Rd
School District:Perrin-Whitt Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
Perrin Elementary School 216 North Benson Street, Perrin, TX 76486 | PK-6 | 9.4 mi |
Perrin High School 216 North Benson Street, Perrin, TX 76486 | 7-12 | 9.4 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 501 Grimes Rd
Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$6,500,000
-2.99%
MLS
10/08/2025
Listed
$6,700,000
—
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 501 Grimes Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,607
—
$1,304,380
-16%
2024
$19,607
—
$1,547,580
—
2023
$19,607
-29%
$1,547,580
-9%
2022
$27,510
—
$1,699,190
—
2021
$27,464
193%
$1,699,190
25%
2020
$9,373
8269%
$1,364,780
22571%
2019
$112
-3%
$6,020
2%
2018
$116
—
$5,890
—
2017
$116
3%
$5,890
4%
2016
$113
4%
$5,680
—
2015
$109
6%
$5,680
8%
2014
$103
4%
$5,240
—
2013
$99
—
$5,240
—
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 501 Grimes Rd
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