Incredible 31.46 acre horse property located in Stephenville, Texas, the Cowboy Capital of the World, and just 10 miles from the renowned Tarleton State University rodeo arena. This premier ranch was custom-designed by a professional trainer for superior functionality and efficiency. The impressive barn features seven oversized pipe and wood stalls, including one large stall perfect for starting colts in the shade. A 17 x 25 tack room offers a swinging saddle rack wall for quick and organized access, while a separate feed room provides abundant storage. A barn length 20 by 90 overhang is ideal for equipment or hay, and a large carport accommodates trailers or heavy machinery. Ample covered space allows for saddling or working multiple horses with ease and comfort. Equine amenities include a lighted 150 x 250 pipe arena with Priefert lead-up and chute, a 100 x 100 square pen enclosing a round pen, automatic waterers throughout, and an efficient alley-fed layout featuring 15 pens and multiple cross fenced turnouts with cover. The thoughtfully updated five bedroom, three bathroom home combines comfort with practical ranch living. Enjoy granite countertops, custom cabinetry, a spacious eat in kitchen with center island and walk-in pantry, and a main-level master suite with abundant natural light and dual walk in closets. A second master suite offers its own private full bath. Additional features include generous attic storage, a two car attached garage, a functional mudroom, and a fully fenced yard perfect for pets or kids. This turnkey equestrian estate offers unmatched value and design for serious horsemen, trainers, or rodeo competitors seeking proximity to the heart of Texas rodeo country.