3891 County Road 351, Stephenville, TX 76401 - Photo 1

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$1,249,000

For Sale
Active
Farm
3 Beds
2 Full Baths
40.254 Acres

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Property Description

Gorgeous horse property just outside of Stephenville! The opportunities and list of features for this property is extensive! 2 gated entrances and driveways off a quiet paved County Road in the coveted Stephenville school district! The spacious 2300+ sqft home with plenty of storage, offers an oversized office with wall-to-wall custom built-in cabinets and bookshelves, large living room with a cozy wood burning fireplace overlooking the Dublin skyline that you can watch the breathtaking sunsets, and the master bedroom has a separate private entrance off the covered carport. 36x24 Workshop perfect for a separate home office with separate gated entrance and driveway or that could easily be converted into guest quarters with bathroom and separate septic for a guest house that would be separate from your private home. This property is setup perfectly if you'd like to have rodeo playdays, team matches with plenty of room for extra parking or if you'd like to use the extra workshop as a guest house, rental or AirBnB. 36'x24' insulated workshop with 12x12 lockable storage, 40x65 - 7 stall Horse barn with 2 spacious tack and storage rooms, concrete wash station, fans, timed lights for breeding and hair coats and sliding doors, 60' round pen, 40x50 rock barn with feed room multiple pens, loafing sheds, 275'x130' sandy arena with shoot and catch pens, 25x330 roping lane, multiple pastures for grazing and so much more! Roof & well were replaced last year. A lot of thought was put into making the perfect setup for this property. The residence was built in 1959, new roof and well within the last year, the living room and office windows, and the hallway bathroom have been upgraded, the rest of the home has been well taken care of over the years, it just needs you to come make it your own!

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Full Property Details

Full Property Details for 3891 Co Rd 351

General

Price: $1,249,000
Taxes: $2,560
Status: Active
Type: Farm
Source: NTREIS
MLS ID: 21034481
Updated: 2/11/2026
Added to Site: 213 day(s) ago

Interior

Interior Features: High Speed Internet
Fireplace: Yes
Number of Fireplaces: 1
Fireplace(s): Glass Doors, Wood Burning
Appliances: Dishwasher, Electric Cooktop, Electric Oven
Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room

Additional Information

Security/Safety: Other, Smoke Detector(s)

Exterior

Exterior Features: Private Entrance
Porch/Patio/Deck: Rear Porch, Front Porch, Covered

Parking

Carports: Yes
Carport Spaces: 1
Covered Spaces: 1
Parking Features: Additional Parking, Concrete, Covered, Driveway, Gravel, Gated, No Garage

Location

County: Erath
Subdivision: None
Driving Directions: From Stephenville, head south on Hwy 67, turn right onto CR 351, property is approx 1.8 miles down CR 351 on the left; look for sign

School Information

Elem School District: Stephenville ISD
Midd School District: Stephenville ISD
High School District: Stephenville ISD
Elementary School: Chamberlai
High School: Stephenvil

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Central, Fireplace(s), Propane

Utilities

Sewer: Septic Tank
Water: Well
Well: Yes
Utility Description: Electricity Available, Propane, Septic Available, Water Available

Structural Information

Property Detached: Yes
Architectural Style: Ranch, Detached, Farmhouse
Structure Type: House
Detached/Attached: Detached
Construction: Brick
Roof: Shingle
Stories/Levels: 1
Living Area: 2,337 Sq. Ft.
Current Bldg. Use: Other, Vacant
Year Built: 1959

Additional Structures

Other Structures: Arena, Corral(s), Garage(s), Outbuilding, Shed(s), Workshop, Barn(s), Stable(s)

Lot Features

Lot Size (Acres): 40.254
Lot Size (Sq. Ft.): 1,753,464.24
Lot Size Source: Assessor
Frontage: County Road, Asphalt, Gravel
Lot Features: Acreage, Agricultural, Cleared, Pasture, Pond on Lot, Many Trees
Potential Use: Agricultural, Cattle, Grazing, Horses, Livestock, Other, Pasture, Residential, Single Family
Trees/Vegetation: Cleared, Grassed, Partially Wooded
Fencing (Description): Cross Fenced, Full, Gate, Pipe

Horse Property

Horse Facility Desc.: Barn, Hay Storage, Loafing Shed, Round Pen, Stock Pen(s), Stable(s), Tack Room, Wash Rack, Arena

Financial Considerations

For Sale/Rent/Lease: For Sale
Tax Amount: $2,560
Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

Documents Avail.: Aerial
Legal Description: ACRES: 1.000 A0613 PEARSON HENRY; & HOUSE
Exclusions: Windmill
Disclosures/Rstr.: Accessory Dwelling Unit, Easement(s)
Property ID: R000023721

Listed by Keystone Real Estate Advisors, Kim Parham

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Listing agent

— 3891 Co Rd 351 —

Kim Parham

Keystone Real Estate Advisors

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Schools

Schools serving 3891 Co Rd 351

School District:Stephenville Independent School District

Name	Grades	Distance
Gilbert Intermediate School 950 North Dale Avenue, Stephenville, TX 76401	5-6	3.7 mi
Chamberlin Elementary School 1601 West Frey, Stephenville, TX 76401	1-2	4.5 mi
Central Elementary School, Stephenville, TX 780 West Washington Street, Stephenville, TX 76401	PK-K	5 mi
Henderson Junior High School 2798 West Frey, Stephenville, TX 76401	7-8	3.3 mi
Stephenville High School 2650 West Overhill Drive, Stephenville, TX 76401	9-12	3.8 mi
Hook Elementary School 1067 West Jones Street, Stephenville, TX 76401	3-4	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 3891 Co Rd 351 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/01/2025

Price Reduced

$1,249,000

-7.41%

MLS

8/16/2025

Listed

$1,349,000

—

MLS

Get Price Alerts and Save Property

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 3891 Co Rd 351

Year

Property Taxes

Change

Tax Assessment

Change

2023

$576

—

$228,740

1%

2023

$576

—

$225,620

7%

2023

$576

-61%

$211,060

25%

2022

$1,487

—

$169,510

20%

2021

$1,488

3%

$141,700

8%

2020

$1,451

—

$130,770

3%

2019

$1,444

2%

$126,360

7%

2017

$1,416

—

$118,300

1%

2017

$1,416

1%

$116,950

3%

2016

$1,399

—

$113,170

—

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 3891 Co Rd 351

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Want to learn more about 3891 County Road 351? Do you have questions about finding other Farm real estate for sale in Stephenville? You can browse all Stephenville real estate or contact a Coldwell Banker agent to request more information.

3891 Co Rd 351 Stephenville, TX 76401