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214-760-6770 - DFW
903-560-4975 - Fannin County

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$1,895,000
New Listing

15350 Margarita Court
Lipan, TX 76462

For Sale|Farm|Active
2
Beds
1
Total Bath
1
Full Bath
900
SqFt
$2,106
/SqFt
2025
Built
Subdivision:
J D Lawrence Surv Abs #496
County:
Erath
Call Now: 214-760-6770
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214-760-6770
15350 Margarita Court15350 Margarita Court15350 Margarita Court15350 Margarita Court
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Great Horse Property!! Check this one out!! Located in THE Lipan Isd school district, which is one of the very hottest areas in North Texas! This property consists of over 50 acres of land located at the end of a paved county road! The facilities on this one are second to none! The property has been fenced, cross fenced and new gates throughout! The main barn consists of 14 stalls which are 12 x12 with 12x16 covered runs! There is a feed and tack room, two wash racks , and half bathroom and covered lanes at the end of the stalls! This barn has one of the coolest set ups I have ever seen! The barn opens up to the arena, the boxes are covered and there is a sitting area where you can relax and watch all the action! The arena is 140 x300, and it was designed for team roping, reigning or barrels! The overflow barn features 12 stalls which are 12x 12! There is also an additional set of 6 stalls which are 12 x12 with 12 x34 foot runs! In addition to the horse facilities there is also a brand new 2 bedroom, 1 bath apartment, pics available upon request! The shop is 40 x60 with 4 roll up doors! There is also a 50x50 covered carport for your trucks and trailers! There is a an area which was planned for a homesite, a very strong water well and chicken coop! The owners had planned on building a custom home but plans changed and they have decided to sell! This one is turn key ready for its new owners, and the apartment provides a place for the owners to live while they build the main house! If you are looking for a training facility or a place to handle a large number of horses, then this is it! The ranch is brand new and it is remarkable in all aspects!! Come take a look and see if its the one for you!

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Listing Snapshot
Price 
$1,895,000
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
900 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
50.584 Acres
Year Built 
2025
MLS® Number 
21227231
Status 
Active
Property Tax 
$67
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
12 hours agoListing first seen on site
General Features
Acres 
50.584
Attached Garage 
Yes
Carport 
6
Garage 
Yes
Garage Spaces 
12
Levels 
Two
Parking 
CarportCommonCoveredRV CarportAttached
Property Sub Type 
Farm
Sewer 
Septic Tank
Special Circumstances 
Standard
Water Source 
Well
Interior Features
Appliances 
DishwasherDisposalElectric CooktopElectric OvenElectric RangeElectric Water HeaterMicrowave
Interior 
Granite CountersHigh Speed Internet
Kitchen 
Dimensions - 10 x 6Level - First
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Community Features
School District 
Lipan ISD
Schools
School District
Lipan ISD
Elementary School
Lipan
Middle School
Lipan
High School
Lipan
Listing courtesy of Sam Byrd of Keller Williams Brazos West sambyrd@kw.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-04-03 05:39 AM CDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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