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15205 Morgan Mill Highway, Lipan, TX, 76462

$3,399,990

3 Bedrooms
3 Full Baths
2,278 SqFt
$1,493/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage, Garage Faces Side, Garage Door Opener
Attached GarageYes
Year Built2021
HeatingExhaust Fan, Central
CoolingCentral Air, Ceiling Fan(s), Electric, Gas
FireplaceGas
MLS #226990
Lot Size51.64 Acres
StatusActive

About 15205 Morgan Mill Highway

Exceptional Cutting Horse Facility on 51 Acres – Lipan, TX A Horseman’s Dream in the Horse Capital of Texas! This premier 51-acre cutting horse facility is a true gem located in Lipan, Texas. Tailored for the serious equestrian, this property seamlessly blends luxury living with world-class horse amenities. Main Residence: Gorgeous 3-bedroom, 3-bath farmhouse with office or optional guest bedroom. Open-concept floor plan with vaulted ceilings and exposed wood beams. Gourmet kitchen featuring a gas stove, marble countertops, and high-end finishes. Luxury plank flooring throughout. Fenced backyard, ideal for relaxing or entertaining. Equestrian Facilities: 8-Stall Show Barn: Includes a tack room, bathroom, and wash rack, with stalls thoughtfully designed using durable pipe and creosote boards. Covered Working Arena: Attached to the show barn for ultimate convenience. 23-Stall Colt Barn: Newly built and ready to meet all your training needs. Two Spacious Apartments: Located behind the show barn, each unit features: Open living, dining, and full kitchen areas. A separate bedroom and full bathroom. Front and back access for privacy and flexibility. Additional Features: Round pen. Horse walker. Multiple turnout pastures for exercise and grazing. The Ideal Location: Lipan is the heart of the Horse Capital of Texas, offering a thriving equestrian community and top-tier infrastructure for horse training and competitions. Located just 30 min to Stephenville, 30 min to Weatherford and 1 hour to Fort Worth. This property is not just a horse facility; it’s a lifestyle. From the thoughtfully designed barns and arenas to the luxurious farmhouse and apartments, every detail has been crafted with the horseman in mind. Schedule a tour today to see this one-of-a-kind property for yourself!

Property Details

Property Features

Property Information:

  • Year Built: 2021
  • Stories: 1
  • Living Area: 2,278 SqFt

Listing Office:

  • Office Name: Texas Luxury and Land
  • Office Phone: (254) 749-2175
  • Listing Agent: Lindsy Baize

Interior Features

Interior Information:

  • Appliances: Dishwasher, Exhaust Fan, Gas Water Heater, Ice Maker, Range, Refrigerator, Tankless Water Heater
  • Flooring Type: Carpet, Wood
  • Interior: Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Soaking Tub, Kitchen Island
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Dog Run, Garden, Fence, Pipe Fence, Porch/Covered, Patio, Deck

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Garage, Garage Faces Side, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Level, Farm
  • Lot Size: 51.64 Acres

Utilities

Utilities Information:

  • Heating: Exhaust Fan, Central
  • Cooling: Central Air, Ceiling Fan(s), Electric, Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,399,990
  • Price Per SqFt: $1,493/SqFt
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Housing Market Comparison

See how this home compares to others in Lavon, TX.

Med. List Price

$387.9K

Med. Price/SqFt

$181

Avg. Days On Market

105

# of Sold Homes

16

15205 Morgan Mill Highway vs Lavon

31 DAYS ON ROCKET

-74 Days

$3,399,990

+$3.0M More

$1,493/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $3.0M more than the Median List Price and $1.3K/SqFt more than other homes in Lavon, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Waco
  • MLS Number: #226990

Listing Office:

  • Office Name: Texas Luxury and Land
  • Office Phone: (254) 749-2175
  • Listing Agent: Lindsy Baize

IDX This data is provided by the Waco Association of REALTORS® Multiple Listing Service Inc. Internet Data Exchange is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker is listed on each listing; the information is deemed reliable but not guaranteed accurate. Copyrighted © 2025 Waco Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/5/2025, 2:16:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$17K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.2K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-478917
4
/10
  • Phyliss NeSmith Elementary School

  • 801 President Blvd

  • 1.22 miles

  • Public District Grades PK-5

school-card-donut-478918
8
/10
  • Celia Hays Elementary School

  • 1880 Tannerson Dr

  • 2.47 miles

  • Public District Grades PK-6

school-card-donut-478919
8
/10
  • Sherry and Paul Hamm Elementary School

  • 2911 Greenway Dr

  • 2.54 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,583. The majority of Lavon, TX residents have income between $35k-100k annually. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 15205 Morgan Mill Highway

What is the listing price of this property?

The listing price of 15205 Morgan Mill Highway property is $3,399,990.

What type of property is this?

The property 15205 Morgan Mill Highway is a house located in Lipan, Texas, 76462.

Is this property for sale now?

Active Listing: 15205 Morgan Mill Highway is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 15205 Morgan Mill Highway has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 15205 Morgan Mill Highway is 2,278 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 15205 Morgan Mill Highway is 2021.
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Rocket HomesTexasCollin CountyLavon7646215205 Morgan Mill Highway

This home is located at 15205 Morgan Mill Highway in Lipan, TX and zip code 76462. This 2,278 square foot home, which was built in 2021, sits on a 51.64 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $3,399,990.

The number of listings in Lavon, TX decreased by 2.9% between November 2024 and December 2024. In December 2024, listings were on the market for 105 days. During the same period, the median list price in this real estate market was $387,990.

From Rocket Homes Real Estate and based on county public records data.

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