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$1,645,000 -$9,000 (-0.54%) Price Reduced
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Property Description
WANT TO BUY A SPECTACULAR RANCH THEN THIS IS IT! This ranch offers so many opportunities due to location and natural beauty and has a location 15 minutes north of Stephenville and 30 minutes from Granbury, 40 minutes from Weatherford and an easy hour from Fort Worth! SERENITY with the convenience of groceries and shopping a short drive away! You will fall for the incredible vistas and diversified terrain that this ranch offers! It truly is a must see to be able to appreciate what the current owner has created! Price reduction will more than allow fix to a lake leak near the spillway. This ranch has been managed for 13 yrs, creating a Wildlife Sanctuary for all Native Species. Lush native grasses, lake full of bass, catfish, & bluegill, excellent hunting for Whitetail, turkeys, dove or ducks. excellent grazing for your horses or cattle. Beautiful neighboring ranches! The ranch has very appealing topography with 135ft elevation change. Should you wish to build a larger home and use current home as Guest Facility, there are a dozen or more spectacular views all over the property. The range is 70% Live Oaks and Post Oaks, 30% is made up of Elm, Maple, Cedar, Mesquite, & Cottonwoods. There are approximately 200 Native Pecan trees along the creek! Wild Mustang Grapes cover a lot of the underbrush and fence lines. The land is mixture of thick cover & open pastures which have sparse Oak trees as well Wildlife is abundant. There has never been a Whitetail Deer harvested in the last 13 yrs. Last Fall there were 4 bucks in the 130 to 140 Boone & Crockett Class. At any given time there could be as many as 3 groups of Rio Grande turkeys with 20 birds. These turkeys are present all year around. Improvements include 1000 SQ FT 2 Bedroom 2 Bath Ranch Style Home with 18 ft Vaulted Ceilings. Floors in Main Living Area done in beautiful Australian Cypress Wood. A spacious open air porch is attached. Nearby is a detached garage, horse barn with 2 stalls and livestock pens.
Full Property Details
Full Property Details for 4536 Co Rd 132
General
- Price: $1,645,000
- Taxes: $1,397
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 20874681
- Updated: 1/17/2026
- Added to Site: 305 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Granite Counters, Multiple Master Suites, Vaulted Ceiling(s), Natural Woodwork
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Electric Range, Electric Water Heater
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Dog Run, Private Entrance, Storage
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Parking, Garage
Location
- County: Erath
- Subdivision: Cee-Bar Ranch 16
- Driving Directions: Hwy 281 at Morgan Mill, TX turn West on FM1187, turn lft on first county road, CR 132 to property. Sign at gate.
School Information
- Elem School District: Morgan Mill ISD
- Midd School District: Morgan Mill ISD
- High School District: Morgan Mill ISD
- Elementary School: Morgan Mill
- Middle School: Morgan Mill
- High School: Stephenvil
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Electricity Available, Septic Available, Water Available
Structural Information
- Architectural Style: Ranch, Farmhouse
- Structure Type: House
- Detached/Attached: Attached
- Construction: Rock, Stone
- Roof: Metal
- Stories/Levels: 1
- Living Area: 1,056 Sq. Ft.
- Current Bldg. Use: Agricultural, Grazing, Horses, Hunting, Pasture, Ranch, Residential, Recreational, Single Family
- Year Built: 2002
Additional Structures
- Other Structures: Barn(s), Stable(s)
Lot Features
- Lot Size (Acres): 85.79
- Lot Size (Sq. Ft.): 3,737,012.4
- Frontage: County Road, All Weather Road, Gravel
- Topography: Hill
- Lot Features: Acreage, Cleared, Pasture, Pond on Lot, Rolling Slope, Wooded
- Potential Use: Agricultural, Cattle, Grazing, Horses, Hunting, Investment, Livestock, Pasture, Ranch, Residential, Recreational
- Trees/Vegetation: Cleared, Grassed, Partially Wooded, Brush
- Fencing (Description): Barbed Wire, Cross Fenced
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Barn, Stock Pen(s)
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $1,397
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ACRES: 85.790 S5235 CEE BAR RANCH SUBD TRACT
- Property ID: R000065836
Listed by Ranch Connection LLC, Cynthia Inman
Get Pre-Approved Today
Schools
Schools serving 4536 Co Rd 132
School District:Morgan Mill Independent School District
| Name | Grades | Distance |
|---|---|---|
Morgan Mill Elementary School 295 E Fm 1188, Stephenville, TX 76401 | PK-8 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4536 Co Rd 132
Date
Details
Price
Change
Source
1/17/2026
Price Reduced
$1,645,000
-0.54%
MLS
12/08/2025
Price Increased
$1,654,000
10.64%
MLS
10/13/2025
Price Reduced
$1,495,000
-11.8%
MLS
8/21/2025
Price Increased
$1,695,000
9.71%
MLS
7/24/2025
Price Reduced
$1,545,000
-11.71%
MLS
3/18/2025
Listed
$1,750,000
—
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 4536 Co Rd 132
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,181
—
$7,800
-4%
2023
$1,181
—
$8,140
12%
2023
$1,181
-56%
$7,290
-97%
2022
$2,693
15%
$211,380
100%
2021
$2,336
—
100%
2020
$2,336
12%
100%
2019
$2,078
4%
100%
2017
$2,006
5%
100%
2016
$1,917
—
—
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 4536 Co Rd 132
Want to learn more about 4536 County Road 132? 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.

